Most of the times when a personnel is sent for an official business trip, transportation and lodging, and sometimes even meals are shouldered by the company.
In the statement given above, it is noted that the meals that Melissa took are considered personal in nature. Hence, she can deduct this from the business expenses.
The most likely result of this price control would be that the <span>demand for bread will fall, which could result in an excess supply. his excess supply in the market would ultimately force the hand of the manufacturers to stop the production of bread. I hope that this is the answer that has come to your help.</span>
Answer: $20,000
Explanation:
Given that,
Charlie's Chocolates' had
Stock issuance = $52,000
Dividends = $21,000
Revenues = $85,000
Expenses = $65,000
Net income is calculated by subtracting expenses from revenues.
Net income = Revenues - Expenses
= $85,000 - $65,000
= $20,000
Charlie's Chocolates' net income is $20,000.
