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schepotkina [342]
3 years ago
10

harlotte traveled to Annapolis to attend a 3-day business conference. After her meetings concluded, she stayed 2 additional days

sightseeing. Charlotte's airfare was $400 and she paid $110 per night for lodging and $20 a day for incidentals. How much of Charlotte's costs can be deducted as a business expense
Business
1 answer:
ExtremeBDS [4]3 years ago
6 0

Answer:

$790

Explanation:

Charlotte attended a 3 day business conference.

She stayed 2 additional days after the conference.

Her airfare was $400

Lodging was $110 per night

Incidentals were $20 a day.

Charlotte's business expense includes thus,

Lodgings for 3 days which is $110 * 3 =$330

Incidentals for 3 days which is $20 * 3= $60

Airfare=$400

Total cost as a business expense= $330 + $60 + $400= $790.

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The owner of a quick oil-change business charges $ 20 per oil change and has 40 customers per day. If each increase of $ 2 resul
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Answer:

maximum income is $900

Explanation:

given data

oil change = $20

per day = 40 customer

increase = $ 2

dailer customers = 2

owner charge = $ 2

to find out

income from the business

solution

we know current income is 40 × 20

current income = $800

we consider here price increase x and income as function y

so y = (20 +2x) × ( 40 - 2x)    ........1

y = −4x² + 40x + 800

take derivative and put dy/dx = 0 for maximum

dy/dx = -8x + 40

0 = -8x + 40

x=5

so here from 1

y = (20 +2x) × ( 40 - 2x)

y = (20 +2(5)) × ( 40 - 2(5))

y = 30 × 30

y = 900

so maximum income is $900

4 0
3 years ago
Which of the following is a regular outcome of being late to work
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A regular outcome could be a lot of hate from co-workers and your boss, and eventually you might be put on admin leave or fired.
6 0
3 years ago
Bad Debt Expense info:Allowance for Doubtful Accounts has a credit balance of $1,000. Credit sales are $500,000. Cash sales are
kow [346]

Answer:

Bad Debt Expense $24,000 Dr

Allowance for Doubtful Accounts $24,000 Cr

Explanation:

Data:

BB = Beginning Balance = $1,000

CS = Credit Sales = $500,000

CH = Cash Sales = $500,000

SM = Percentage Sales Method = 5% = 0.05

U = Uncollectible = $25,000

AR = Accounts Receivable = $200,000

ADA = Allowance for Doubtful Accounts = ?

Calculations:

ADA = U - BB = $25,000 - $1,000 = $24,000

Net Realizable Cash Value = AR - ADA = $200,000 - $24,000 = $176,000

Balance in the Allowance Account after the adjusting entry = BB + ADA = $1,000 + $24,000 = $25,000

Journal entry:

Bad Debt Expense $24,000 Dr

Allowance for Doubtful Accounts $24,000 Cr

Hope this helps!

8 0
3 years ago
Swanson company has two divisions; sporting goods and sports gear. the sales mix is 65% for sporting goods and 35% for sports ge
MA_775_DIABLO [31]
We are given
fixed cost, F = $6,660,000
sales mix:
65% sporting goods
35% sports gear
margin ratio:
30% sporting goods
50% sports gear

Now, we solve for the break even point in dollars. We use the formula
x = total fixed cost / [ price - total variable cost/price ]
Using the given values
x = 6660000 / [0.65(0.3)(6660000) + .35(0.5)(660000)]/ [(0.3)(6660000) + (0.5)(660000)]
x = $14,400,000

The breakeven point is $14,400,000
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6 0
3 years ago
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Answer:

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Another investment idea would be to create a digital course. If you invest time and a little money into creating a video course with information that is valuable to individuals around the world. Then that course can generate passive income for years to come. There is always something that someone around the world wants to learn which makes these courses valuable and people are willing to pay for that. The pros to this are that it can generate income steadily and for a very long time with little to no maintenance, while the cons are that it does take time to create and even more time if you do not yet possess the required knowledge in that topic.

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