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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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National income accountants can avoid multiple counting by.
denis-greek [22]

Answer:only counting final goods

Explanation:

3 0
2 years ago
Personal jurisdiction is not possible over the objection of an out of state defendant ________.
fenix001 [56]

Answer:

NOT-unless the court believes that justice would be served.

Explanation:

Personal jurisdiction in legal setting can be regarded as the power conferred on a court to make decision on the case of the party that's been sued, for the court to exercise this power , there is a requirement that the party must have contact in minimum way together with forum in the court.

6 0
3 years ago
By providing good customer service, firms __________ their products.
dybincka [34]

Answer:

B. add value to

Explanation:

Customer service includes all forms of assistance and advise given to a firms' customer.

A firm with good customer service adds value to the firms' product.

For instance, if I buy a decoder and can't figure out how to set it up, if I contact a firm's customer service and they are unresponsive or provide bad service, I might be unable to effectively use the decoder. This would reduce the value of the decoder to me.

But if I contact the customer service and they are prompt to answer my questions and give assistance, the value of the decoder to me would be enhanced.

I hope my answer helps you

7 0
3 years ago
If the new business will last only for the next five years, so she can take the profits from the new business for five times sta
Tresset [83]

Based on the profits of the new business, the size of the value of the new business would be $282,860.

<h3>What would be the value of the new business?</h3>

The new business is said to make a profit of $100,000 every year and the interest rate is 3%.

The value of the new business is therefore:
= Amount x Present value interest factor of an annuity, 5 years, 3%
= 100,000 x 2.8286

= $282,860

In conclusion, the value would be  $282,860.

Find out more on present value of annuities at brainly.com/question/25792915.

5 0
2 years ago
40. The Battaglia Co. produces lounge chairs. At a budgeted amount of 10,000 lounge chairs the manufacturing overhead is $50,000
bija089 [108]

Answer:

C. $4,500 favorable

Explanation:

Spending Variance is the difference between the actual and estimated value of the expense. In this question we need to calculate the variance of total manufacturing overhead.

Variable

Actual Variable cost = $60,500

Manufacturing overhead application rate = Budgeted overhead / Budgeted units = $50,000 / 10,000 units = $5 per unit

Applied Overhead = Actual production x application rate = 11,000 units x $5 = $55,000

Variance = $60,500 - $55,000 = $5,500 unfavorable

Fixed

Actual fixed overhead = $125,000

Budgeted Fixed overhead = $135,000

Variance = $135,000 - $125,000 = $10,000 Favorable

Total Variance = Variance of variable manufacturing overhead cost + Variance of fixed manufacturing overhead cost

Total Variance = $10,000 Favorable - $5,500 unfavorable

Total Variance = $4,500 Favorable

4 0
3 years ago
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