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Eva8 [605]
4 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]4 years ago
4 0

Answer:a

Explanation:

easy

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Those who believe that regulations on business and industry are too numerous and too complex are most likely to favor the policy
Ket [755]
<span>Those who believe that regulations on business and industry are too numerous and too complex are most likely to favor the policy of deregulation. 

Deregulation is the process of lowering or removing regulations. Most of the these are related to economics to stop the government from heavy regulation on goods and services. This can be taxes on local goods or import/export rules on international trade. 
</span>
6 0
3 years ago
Three different companies each purchased trucks on January 1, 2018, for $62,000. Each truck was expected to last four years or 2
anygoal [31]

Answer:

Net Income Calculation for 2021

                                                Company A       Company B       Company C

Revenue                                    $53,000             $53,000             $53,000

Less Depreciation Expense     ($15,000)             ($0.00)              ($16,800)

Net Income / (Loss)                   $38,000             $53,000             $36,200

Explanation:

Company A

Depreciation Expense (Straight line) : (Cost - Salvage Value) / Number of Useful Life

2021 = ($62,000-$2,000) / 4

        = $15,000

Company B

Depreciation Expense (Double Declining Balance) : 2 × SLDP × BVSLD

SLDP = 100/ 4

         = 25%

2018 = 2 × 25% × $62,000

        = $ 31,000

2019 = 2 × 25% × ($62,000 - $ 31,000)

        = $ 15,500

2020 = 2 × 25% × ($62,000 - $ 31,000 - $ 15,500 )

        = $ 7,750

2021 = 2 × 25% × ($62,000 - $ 31,000 - $ 15,500 - $ 7,750 )

        = 0

In 2021 depreciation will only be allowed where:

Book Value = Salvage Value

<em>Test to see if Book Value has fallen below Salvage Value :</em>

Cost                                                 $62,000

Less Accumulated depreciation    $54,250

Book Value                                      $ 7,750

Company C

Depreciation Expense (units-of-production) : (Cost - Salvage Value) × Period`s Production / Total Expected Production

2021 = ($62,000-$2,000) × 70,000/  250,000

        = $16,800

Net Income Calculation for 2021

                                                Company A       Company B       Company C

Revenue                                    $53,000             $53,000             $53,000

Less Depreciation Expense     ($15,000)             ($0.00)              ($16,800)

Net Income / (Loss)                   $38,000             $53,000             $36,200

6 0
4 years ago
Young's modulus is a quantitative measure of stiffness of an elastic material. suppose that for aluminum alloy sheets of a parti
romanna [79]
Given that Young's modulus is a quantitative measure of stiffness of an elastic material. Suppose that for aluminum alloy sheets of a particular type, its mean value and standard deviation are 70 GPa and 1.6 GPa, respectively.

Part A:

If X is the sample mean Young's modulus for a random sample of n = 16 sheets, the sampling distribution of X centered at 70 GPa, and the standard deviation of the X distribution is given by \frac{1.6}{\sqrt{16}} = \frac{1.6}{4} =0.4 \ GPa



Part B:

If X is the sample mean Young's modulus for a random sample of n = 64 sheets, the sampling distribution of X centered at 70 GPa, and the standard deviation of the X distribution is given by \frac{1.6}{\sqrt{64}} = \frac{1.6}{8} =0.2 \ GPa
6 0
3 years ago
Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current
goldenfox [79]

Answer:

A. $287,000

B. $192,050

Explanation:

a. Based on the information givenwe were told that company ABC had net income of the amount of $287,000 after deducting Robert's salary of the amount of $86,100 which therefore means that ROBERT'S QUALIFIED BUSINESS INCOME will be the amount of $287,000.

b. Calculation to determine whether your answer to part (a) would change if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $181,050

Based on the information given the amount of $192,050 will be the additional amount of salary that can be deducted which is Calculated as:

=[$287,000 - ($181,050-$86,100)]

=$287,000-$94,950

=$192,050

5 0
3 years ago
Which one of the following actions would improve cash flow? HIGHIGHT ANSWER
mart [117]
It’s d cuz it’s d ye
7 0
3 years ago
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