1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Flannery Corporation owns machinery with a book value of $520,000. It is estimated that the machinery will generate future cash
Aleonysh [2.5K]

Answer:

(d)$105,000.

Explanation:

Since the book value is more than the generated future cash flows so book value cannot be recovered. In this case, the generated future cash flows are ignored  

In this scenario, we compare the values between book value and the fair value of machinery, the difference would be the loss on impairment of the asset

In mathematically,  

= Book value of machinery - fair value of machinery

= $520,000 - $415,000

= $105,000

5 0
3 years ago
Assume that you are a new analyst hired to evaluate the capital budgeting projects of the company which is considering investing
Alchen [17]

Answer:

Assume that you are a new analyst hired to evaluate the capital budgeting projects of the company which is considering investing in two CPEC projects, “Expansion Zone North” and “Expansion Zone East”. The initial cost of each project is Rs. 10,000. Company discount all projects based on WACC. Further, all the projects are equally risky projects and the company uses only debt and common equity for financing these projects. It can borrow unlimited amounts at an interest rate of rd 10% as long as it finances at its target capital structure, which calls for 50% debt and 50% common equity. The dividend for next period is $2.0, its expected that they will grow at the constant growth rate of 8%, and the company’s common stock sells for $20. The tax rate is 50%.

6 0
3 years ago
Read 2 more answers
a local pizza parlor is selling two different shapes of cheese pizza for the same price. You can get two small square pizza that
Mamont248 [21]

Answer:

The large round pizza with a 14 inch diameter

Explanation:

We can see this as a simple geometry problem. Which is the largest area? Two squares of 8 inches side or a 14 inch diameter circle? Let's see. The area of the square is side * side, in this case 8 * 8, so we have 64 squared inches  in each of the two pizzas. That makes a total of 128 squared inches (64 + 64) for the two small squared pizzas. Now to calculate the circle, we must do the following formula: \pi *r^{2} where r is the radium of the circle. The radium is half of the diameter, in this case 14/2=7. So the formula is 7^2, that is to say 49, multiplied by pi. This gives us approximately 153.93 squared inches, which is bigger than 128. A large round pizza with 14 inches of diameter gives more pizza.

We can also think that most people don't like the crust of the pizza. Two pizzas have more crust than one. So one pizza, besides being bigger, can save you to eat the crust and more cheese and sauce.

5 0
3 years ago
instead of only meeting the goals of upper management, malcolm could have also tried to meet the goals of his team members. this
swat32

Instead of only meeting the goals of upper management, malcolm could have also tried to meet the goals of his team members. This is known as servant leadership.

What is servant leadership?

Servant leadership is a leadership philosophy in which the aim of the leader is to work. This differ from traditional leadership where the leader's main goal is the thriving of their company or organization. A servant leader shares power, puts the wants of the employees first and helps people develop and perform as highly as possible.

Servant leaders are very values-based and mission-driven.

Learn more about servant leadership here:

brainly.com/question/27806974

#SPJ4

5 0
1 year ago
The first phase of networking, in which you describe your business, is referred to asA. exchange of information.
Fed [463]
The first phase of networking, in which you describe your business, is referred to as A.) EXCHANGE OF INFORMATION.

Exchange of information include information about the company, product, and its key goals, as well as, information regarding the potential networker.

Describing your business to potential networkers does not guarantee that they will automatically join the business, they need to think things over and after a few days, you need to do a follow-up.
5 0
2 years ago
Read 2 more answers
Other questions:
  • The set of companies a product goes through on the way to the consumer is called
    13·2 answers
  • The demand for labor depends primarily on the additional output produced as a result of hiring an additional worker and A. the a
    7·1 answer
  • Club Co. appropriately uses the equity method to account for its investment in ChipCorp. As of the end of 2013, Chip's common st
    15·1 answer
  • According to the video, what are the two other most important ways banks make money?
    8·1 answer
  • Table : Alpo McBurgers
    6·1 answer
  • Essence of Skunk Fragrances Calculate the average collection period. (Do not round intermediate calculations and round your answ
    13·1 answer
  • The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed long-term debt of $2.7 million, and the 2015 balance sheet showed lon
    5·1 answer
  • At the beginning of 2021, Terra Lumber Company purchased a timber tract from Boise Cantor for $3,510,000. After the timber is cl
    7·1 answer
  • Which source is not valid for a lookup list <br> A.query<br> B.table<br> C.custom list<br> D.report
    6·2 answers
  • Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. issue $80,000 in sto
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!