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djyliett [7]
3 years ago
13

Michelle operates a food truck. Indicate the amount (if any) that she can deduct as an ordinary and necessary business deduction

in each of the following situations.
a. Michelle moves her food truck between various locations on a daily rotation. Last week, Michelle was stopped for speeding. She paid a fine of $170 for speeding, including $125 for legal advice in connection with the ticket.
Deductible Amount =__________
b. Michelle paid $795 to reserve a parking place for her food truck for the fall football season outside the local football arena. Michelle also paid $140 for tickets to a game for her children.
Deductible Amount =_____________
c. Michelle provided a candidate with free advertising painted on her truck during the candidate’s campaign for city council. Michelle paid $680 to have the ad prepared and an additional $380 to have the ad removed from the truck after the candidate lost the election.
Deductible Amount=___________
Business
1 answer:
Alborosie3 years ago
6 0

Answer:

A. Deductible Amount = $125

This is because legal advice is fully deductible while there are no deductions available for fines.

B. Deductible Amount = $ 795

This is because the amount used in reserving parking is fully deductible, while the amount for ticket for her children is personal and hence doesnt fall under deductibles.

C. Deductible Amounts = $0

For all and any political purpose, deductibles doesnt apply. Whether it is in form of cash or kind. Hence, there is no deductions in this case.

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With practical illustrations, discuss how managers can leverage on organizational behaviour components to maximize business succ
krok68 [10]

Explanation:

In an organization, human capital is grouped into different teams and units in order to assist in achieving organizational goals and objectives. The study of organizational behavior will assist in understanding how people of different profiles and personalities will behave according to their functions and groupings.

In a practical illustration, <u>managers can analyze the organizational structure</u> to align their decisions and increase their control. In organizations with a decentralized structure, managers can set up decision-making units to evaluate new ideas and innovative concepts.

<u>Organizational policies</u> and procedures must also be developed comprehensively, and firstly complied with by the company's leadership, so that each employee feels ethically protected and has as an example how to act and work in that organization.

It is also necessary to have a<u> well-established communication system</u>, so that there is no noise and so that the information is shared in an ideal way.

Finally, <u>integrating ethical work with technologies</u> that make work easier and faster are some techniques that can help managers to maximize business success.

8 0
3 years ago
The major reporting standard for presenting managerial accounting information is relevance. generally accepted accounting princi
bonufazy [111]
The answer is GAAP (General Accepted Accounting Principle) for answering the question above. The managerial accounting is the financial recording process for internal usage. A company uses this information for an evaluation and prediction basis. This process must also comply with<span> the GAAP. Thus, GAAP is the most suitable answer.</span>
6 0
4 years ago
Campbell's has been marketing soup in Japan for more than 40 years. Early on, Japanese consumers were not receptive to ads featu
Alex

Answer:

D, product-communication adaptation

Explanation:

Product adaptation can be defined as the process of modifying a product to make it useful for a variety of users.

Communication adaptation can also be defined as the change in a product's communication as a result of a change in product strategy.

Product-communication adaptation can be defined as the modification of a product for a variety of users but ensuring that the marketing of the product is through standard communication channels.

In the case of Campbell adapted his product to look like M'm M'm Good product but ensured that he used a standard communication channel (ads) to market his product.

Cheers.

6 0
3 years ago
Original source: for those who can't afford to be fussy about status or pay, there are of course plenty of jobs in america. Hund
shepuryov [24]
What is the question here? also immigrants take less pay and pay no taxes so that doesn't help the situation especially when they send it home out of the US to be exchanged for much more in their country. something sounds fishy....but we also have opportunities in the US to have a career or real job if you call it that. a job is a job and a career is something you work hard to do by getting a degree or years of experience that the person can grow within the company as well. unlike a "job" where you can only go so high up the food chain.
5 0
3 years ago
On January 1, 2017, Whitefeather Industries issued 300, $1,000 face value bonds. The bonds have a five-year life and pay interes
Ludmilka [50]

Answer:

$15000

Explanation:

All types of bonds have some common characteristics which include;

- A face/par value

- A coupon rate (interest rate).

- Either redeemable/irredeemable or convertible.

The face value of one bond is $1000 so the total value of 300 bonds would be $300,000 (300×$1000). In this example these are redeemable bonds which means Whitefeather Industries would be liable to payback the capital amount of bonds after five years (maturity date).

The coupon rate (i.e interest) is charged on Par value. So the Interest can be calculated as $300,000×10% = $30,000 per year.

In this question interest is payable semi-annually, therefore The amount of interest that occurs on December 31, 2017 is $15000 (For the last six months - July 1st till Dec 31st; $30000×6÷12).

4 0
4 years ago
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