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n200080 [17]
3 years ago
5

Meal and Entertainment Expenses. Milt, a self-employed attorney, incurs the following expenses in 2019: Business lunches for cli

ents and prospective clients Entertainment of professional associates in his home (immediately following business meetings) Country club dues (the club is used exclusively for business) Total I:7-49 $4,000 2,000 2,500 $8,500 Which of the expenditures listed above (if any) are deductible in 2019 by Milt?
Business
1 answer:
grandymaker [24]3 years ago
4 0

Answer: Deductibles

1. Business lunches for clients and prospective clients will be deductible since its directly related to the businesses.

2. Country club dues will be deductible for it's exclusive to the business.

The entertainment for professional associate will not be deductible since it's not exclusive for the busines

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The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The owner made no additional inves
Tasya [4]

Answer:

\left[\begin{array}{ccc}Account&DEBIT&CREDIT\\$Cash&18,900&-\\$Account\: Receivable&60,100&\\$Allowance \: doubful \: accounts&&150\\$Inventory&186,500&\\$Supplies&7,170&\\$Prepaid Insurnace&3,090&\\$Equipment&51,300&-\\$Acc  \: Dep \: Equipment&-&18,100\\$Accounts \: Payable&&9,000\\$SS \: tax \: payable&&1420\\$Medicare \: tax \: payable&&340\\$Capital&&298,050\\&327,060&327,060\\\end{array}\right]

Explanation:

The sales, expenses, income summary and drawings accounts will be closed therefore will not be part of the post-closed trial balance.

Thew capital Account will suffer the net change of all these account thus, we can list the assets and liabilities and then, solve for Capital by the difference:

Assets = Laibilities + Equity

327,060 = 150 + 18,100 + 9,000 + 1,420 + 340 + Capital

Capital = 327,060  - (150 + 18,100 + 9,000 + 1,420 + 340)

Capital = 298,050

3 0
3 years ago
1. define the forming stage and list four activities that happen in this stage
viva [34]

Answer:

  1. The forming stage involves a period of orientation and getting acquainted. Uncertainty is high during this stage, and people are looking for leadership and authority. A member who asserts authority or is knowledgeable may be looked to take control.
  2. It can be a petty clash of personality or an incompatibility in communication styles. Or it could be something more serious, such as a disagreement about the team's goals. It could even exhibit itself as one team member accusing another of not pulling their weight in the project.
  3. Tuckman (1965) identified four stages of team development including Forming, Storming, Norming, and Performing. This widely referenced early work continues to provide a useful model for understanding the dynamic nature of the evolution of teams.
  4. Stage 1: Forming. Feelings. ...
  5. Stage 2: Storming. Feelings. ...
  6. Stage 3: Norming. Feelings. ...
  7. Stage 4: Performing. Feelings. ...
  8. Stage 5: Termination/Ending. Some teams do come to an end, when their work is completed or when the organization's needs change.
4 0
3 years ago
Magical Productions is a large production company that controls a major portion of the television industry's market share along
Daniel [21]

Answer: Oligopolistic

Explanation:  

 The oligopolistic industry is one of the type of market structure where the small industries or the companies are compete with each other and earning the various types of economical profits.

The main purpose of this type of industry is that it help[s in reducing the competition in the market and also control the market share function.  

According to the given scenario, the magical production is one of the type of large production organization and this company perform various types of functioning in the Oligopolistic industry.  

 Therefore, Oligopolistic is the correct answer.

3 0
3 years ago
Taveras Corporation is currently operating at 50% of its available manufacturing capacity. It uses a job-order costing system wi
Anna35 [415]

Answer:

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Explanation:

The computation of the  total manufacturing cost assigned to Job P90 is given below:

But before that the predetermined overhead rate should be calculated

So,

= ($2,800,000 ÷ 200,000) + $2

= $16

Now the total manufacturing cost is

= $1,472 + $1,056 + 79 × $16

= $3,792

hence, the  total manufacturing cost assigned to Job P90 is $3,792

5 0
2 years ago
Alyssa was complaining about her workload before the staff meeting began. Later, when the manager announced that twelve parking
Novosadov [1.4K]

Answer: a. Set ground rules to be followed. b. Ignore conflict so that it will blow over. c. Start meetings promptly. d. Introduce a tentative agenda.

Explanation: All the answers given are correct, but Alyssa should be cautioned around her conduct during the staff meeting.

8 0
2 years ago
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