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cricket20 [7]
3 years ago
10

Brent Bishop is the vice president of operations for Southern Sweets Bakery. He drives a 2017 Toyota Prius Prime as his company

car, and it has a fair market value of $37,500. The annual lease for the vehicle is $9,750. He reported driving 34,750 miles during 2018, of which 20 percent were for personal reasons. The company pays his fuel and charges him five cents per mile for fuel charges. Required:
Using the lease value rule, what is the valuation of Brent’s company car benefit?
Business
1 answer:
denis23 [38]3 years ago
4 0

Answer:

$2,297.50

Explanation:

The annual lease value for Brent's Toyota Prius is $9,750. Since he uses the car approximately 20% of the time for personal use, then Brent's share of the annual lease is = $9,750 x 20% = $1,950

This 20% of personal use represents 6,950 miles (= 34,750 miles x 20%), if the company charges him five cents per mile, then Brent is receiving  $347.50 (= 6,950 x $.05 ) for personal fuel use.

Brent's total taxable benefit = $1,950 +  $347.50 = $2,297.50

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In a competitive market, a computer store offers customers a warranty to help pay for any future damages. This is an example of
Taya2010 [7]

Answer:

The answer is reducing the risks for customers.

Explanation:

Businesses in a competitive market do many things to outshine their competitors. One of such things is offering a warranty to help pay for future damages. A warranty is simply an assurance that the business would be willing to help if a customer experiences challenges from use of the product sold by the business outfit. The business would either get the product fixed or give a new one to the customer with no additional cost.

Customers/consumers love warranty because it gives them full assurance and sense of security. As such, any business which offers warranties on their products would be seen as prepared to help reduce the risk for consumers of ther products.

5 0
3 years ago
a may be dfined as decriptio nof a proposed copmany that explains how it epxects to achieve its marketing
crimeas [40]

A business plan may be defined as a description not a proposed company that explains how it expects to achieve its marketing, financial, and operational goals.

<h3>What is a business plan?</h3>

A business plan outlines a company's goals and how it intends to reach them in great detail. A written road map for the company's marketing, financial, and operational goals is provided in a business plan. Business plans are used by both new businesses and established ones.

An essential document aimed at both internal and external audiences is a business plan. For instance, before a business has developed a track record that can be relied upon, a business plan is used to entice investment. Obtaining loans from financial institutions can also be aided by it.

A business plan can also keep the executive team of a company focused on achieving set objectives and on the same page about strategic action items.

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6 0
2 years ago
An investor purchased 50 shares of stock in a company in 2015. At the time the investor purchased the stock, the value of the st
frutty [35]

Answer:

$75

Explanation:

$5 to $6.5 is a 1.3% increase and if the investor bought 50 shares of $5 he bought a total of $250 worth of stock. If you multiply the $250 by 1.3% it will be $325. But the question asks for the capital gain so you would subtract $325 and $250 which is $75.

3 0
3 years ago
Your body uses minerals for many different jobs, including __________. (select all that apply.)
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Your body uses minerals for many different jobs, including building bones

making hormones regulating your heartbeat

Hormones are molecules that are created and released by specific glands to regulate and govern the functioning of particular cells and organs. The term "endocrine glands" refers to these specific glands.

Hormones are chemicals that, as was already mentioned, effectively serve as the body's messengers. Specialized glands called endocrine glands release these substances. Hormones all over the body, these endocrine glands are located. These messengers regulate a variety of physiological processes as well as psychological wellbeing. In preserving the body's homeostasis, they play a significant role.

Protein hormones are soluble in water and made of amino acids. Since the cell membrane is made up of a phospholipid bilayer that prevents any fat-insoluble molecules from diffusing into the cell, peptide hormones cannot flow through it.

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7 0
2 years ago
onceptual Connection: For each situation, identify the possible root cause(s) of the activity cost (such as plant layout, proces
Minchanka [31]

Answer:

Explanation:

For each situation, identify the possible root cause or causes of activity cost, among these:

1. Plant Layout

2. Process design

3. Product design

(A) PROCESS DESIGN

The design of the process of production is the root cause of activity cost here. From the rates given, it's clear that the manual method of production costs more time and money than the mechanical production method.

A minor cause of activity cost here is the PRODUCT DESIGN; the cost of which varies with the use of labour and the use of machine.

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(C) PLANT LAYOUT

Redesign of manufacturing plant saves the time and cost of moves.

3 0
3 years ago
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