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Over [174]
4 years ago
6

Lara uses the standard mileage method for determining auto expenses. During 2019, she used her car as follows: 9,000 miles for b

usiness, 2,000 miles for personal use, 2,500 miles for a move to a new job, 1,000 miles for charitable purposes, and 500 miles for medical visits. Presuming that all the mileage expenses are allowable (i.e., not subject to percentage limitations), what is Lara's deduction for: a. Business? $ b. Charitable? $ c. Medical?
Business
1 answer:
PilotLPTM [1.2K]4 years ago
7 0

Answer:

a. $4860

b. $140

c. $95

Explanation:

a. 9000 * 0.54 = $4860

b. 1000 * 0.14 = $140

c. 500 * 0.19 =$95

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Scenario 34-1. Take the following information as given for a small, imaginary economy: When income is $10,000, consumption spend
laiz [17]

Answer:

0.75

Explanation:

Marginal Propensity to Consume (MPC) is the change in consumption due to change in income

Change in consumption = $7,250 - $6,500 = $750

Change in income = $11,000 - $10,000 = $1,000

MPC = Change in consumption / Change in income

MPC = 750 / 100

MPC = 0.75

6 0
3 years ago
The following information on selected cash transactions for 2021 has been provided by Coronado Industries: Proceeds from sale of
geniusboy [140]

Answer:

$100,000

Explanation:

Coronado Industries

CASH FLOW STATEMENT

For the year ended December 31, 2021

<em>Cash Flow from Investing Activities:</em>

Proceeds from sale of land                  $319,000

Less: Purchases of plant assets          ($219,000)

Net Cash used in Investing Activity $100,000

5 0
3 years ago
Read 2 more answers
Oficina Bonita Company manufactures office furniture. An unfinished desk is produced for $37.65 and sold for $65.35. A finished
antiseptic1488 [7]

Answer:

Alternative 1 $27.7

Alternative 2 $30.25

Differential effects $2.55

Explanation:

Preparation of a differential analysis

DIFFERENTIAL ANALYSIS

Sell unfinished desks(Alternative 1 ) Process further into finished desks (Alternative 2) Differential effect (Alternative 2)

Revenue per desk $65.35 $74.50 $9.15

($74.50-$65.35=$9.15)

Cost per desk - $37.65 -$44.25 -$6.60

($37.65+$6.60=$44.25)

Profit /Loss per desk $27.7 $30.25 $2.55

($65.35 - $37.65=$27.7)

($74.50-$44.25=$30.25)

($9.15-$6.60=$2.55)

Therefore the company should process further and sell finished desks because it yields incremental Profit per desk.

3 0
3 years ago
What are the Taxes Paid for private/public limited company
Alex Ar [27]

Answer:

20%

Explanation:

Public Limited Companies pay Corporation tax rates, currently set at 20%, on their taxable profits. There are also tax-deductible costs and allowances that can be offset against the company profits for even greater tax savings.

7 0
3 years ago
Read 2 more answers
Which of the following BEST describes the purpose of customer​ insights?
SCORPION-xisa [38]

Answer:

The correct answer to the following question is option A, i.e., To create more value for customers.

Explanation:

Generally, this answer is best for this question because customer satisfaction is more valuable for your business. The word 'value' is mostly means to price or any other things which have value for the businessman as well as the customers also.

In other words, when we create more value to the customer then we get more profit and if we do not value our customer then we suffer loss.  

So, the customer value is more valuable or precious for the businessman or the firm.  

6 0
4 years ago
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