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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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You are planning to save for retirement over the next 25 years. To do this, you will invest $820 per month in a stock account an
alina1380 [7]

Answer:

The withdraw amount is "11,227.42".

Explanation:

The given values are:

In stock account,

PMT = $820

Interest rate = \frac{10.2 \ percent}{12}

N = 300

PV = 0

In Bond account,

PMT = $420

Interest rate = \frac{6.2 \ percent}{12}

N = 300

PV = 0

Now,

By using the FV (Future value) function, the value in Stock account will be:

= FV(rate,nper,pmt,[pv],[type])

= 1,125,795.30

By using the FV (Future value) function, the value in Stock account will be:

= FV(rate,nper,pmt,[pv],[type])

= 300,181.3321

After 25 years,

The value throughout the account, will be:

= 300,181.3321 + 1,125,795.30

= 1,425,976.63

By using the PMT function, we can find the with drawling amount. The amount will be:

= PMT(rate, nper, pv, [fv], [type])

= 11,227.42

4 0
2 years ago
Barbara's Bakery purchased three new 7-year assets last year. She chose NOT to use Section 179 immediate expensing or take bonus
Serggg [28]

Answer:

b. $14,939

Explanation:

Property placed in service in 1st year:  

                                                Amount $

2nd quarter                              15,000

3rd quarter                                6,000

4th quarter                                <u>40,000</u>

Total furnishing at beginning of 2nd Year $61,000

Half Year depreciation rate in 2nd Year  as per Macrs table under "7 years life" assets, the applicable depreciation in the 2nd year is 24.49%

Thus, amount of depreciation expense is allowable in the current (second) year of ownership = $61,000 * 24.49% = $14938.90

6 0
3 years ago
The inverse relationship between price and quantity demanded can be graphically illustrated by ______. Multiple choice question.
Oliga [24]

The inverse relationship between price and quantity demanded can be graphically illustrated by <u>a downward sloping curve.</u> Therefore, Option D is the correct statement.

<u />

<h3>What is the relationship between price and quantity?</h3>

<u />

The law of supply and demand is a keystone of present-day economics. According to this theory, the price of a good is inversely associated with the quantity offered.

This makes the experience for plenty of goods because the more high-priced it becomes, much fewer people could be capable of affording it and the demand will finally drop.

Therefore, The inverse relationship between price and quantity demanded can be graphically illustrated by <u>a downward sloping curve.</u> Option D is the correct statement.

learn more about law of demand:

brainly.com/question/10782448

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8 0
2 years ago
Airbnb, a room-sharing site, offers more rooms than Marriott. Goldman Sachs suggests that the supply of new rooms over the next
WARRIOR [948]

Answer:

threat of new entrants.

Explanation:

Based on the scenario being described within the question it can be said that the competitive force involved in this situation is the threat of new entrants. This refers to the risk that existing companies in a market face of new competitors entering the market and overtaking their market share, eventually forcing them out of the market. Which tends to happen more when a market is expected to grow drastically in the near future as new companies want to take advantage of the opportunity such as is expected to happen in this scenario.

8 0
3 years ago
Read 2 more answers
Constructive receipt represents the principle that cash basis taxpayers should be taxed on income when it is made available to t
Mila [183]
If this is a true or false question, then the answer is definitely true.
This definition you wrote above does indeed refer to constructive receipt. It is used to determine whether a tax payer has received a gross income and whether and when he or she should pay their taxes, as well as to calculate how much they are supposed to pay.
8 0
3 years ago
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