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Eva8 [605]
3 years ago
14

3. During the year, Walt travels from Seattle to Tokyo (Japan) on business. His time was spent as follows: 2 days’ travel (one d

ay each way), 2 days’ business, and 2 days personal. His expenses for the trip were as follows (meals and lodging reflect only the business portion):
Air fare 3,000

Lodging 2,000

Meals and entertainment 1,000

Presuming no reimbursement, Walt’s deductible expenses are?

a. $3,500.

b. $4,500.

c. $5,500.

d. $6,000.

e. None of these.
Business
1 answer:
Andrew [12]3 years ago
4 0

Answer:a

Explanation:

easy

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The Government must use the solicitation to disclose the precise rating and scoring system to be used by the Source Selection Ev
Marrrta [24]

Answer:

The Government must use the solicitation to disclose the precise rating and scoring system to be used by the Source Selection Evaluation Board (SSEB) to evaluate the Non-Price Factors during the proposal evaluations.

This statement is a False statement.

Explanation:

SSEB tests the technical acceptability of proposals in a fair, accurate and effective manner with established evaluators and makes a valid and reliable evaluation as needed by request. Report information needed to support decisions on competitive range, the sharing of information, the selection of an award submission or the cancelation of an application.

8 0
3 years ago
A _________ forecast predicts the future cash inflows and outflows in future periods.
Illusion [34]

A cash flow forecast predicts future cash inflows and outflows in future periods.

<h3>What is a cash flow?</h3>
  • The net balance of cash moving into and out of a business at a given point in time is referred to as cash flow.
  • A business's cash flow is constantly in and out.
  • A cash flow forecast anticipates future cash inflows and outflows.
  • When a retailer buys inventory, for example, money leaves the company and goes to its suppliers.
  • Expenditures incurred in the normal course of business are included in cash flow from operations.
  • Payroll, cost of goods sold, rent, and utilities are examples of cash outflows.
  • When business units are highly seasonal, cash outflows can vary significantly.

Therefore, a cash flow forecast predicts future cash inflows and outflows in future periods.

Know more about cash flows here:

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4 0
2 years ago
Selected information from Peridot Corporation's accounting records and financial statements for 2018 is as follows ($ in million
Vaselesa [24]

Answer:

Peridot should report net cash outflows from investing activities of: $46 million

Explanation:

Peridot Corporation

Statement of cash flows (extract)

                                                                       $ in millions

Purchase of machinery                                            ($36)

Proceeds from sale of land                                         70

Cash paid to acquire office equipment                    (80)

Net cash flows from investing activities              ($46)

Note that reacquired common stock belongs to financing activities section of the cash flows, while gain from sale of land and investment revenue belong to operating activities section of the cash flows

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marusya05 [52]

Answer:

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Buying in bulks is a good way of making purchases because it is a way to get products at a cheaper rate

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