Answer:
correct option is A. $450
Explanation:
we know that half the cost of the business meeting or the business meeting lunch or the dinner that is deductible even
and if the meal are associate with the active businessman or the sole proprietor then half the amount that is here $900 tickets to the opera with client for meeting is deducted
so that is deducted = ![\frac{900}{2}](https://tex.z-dn.net/?f=%5Cfrac%7B900%7D%7B2%7D)
deducted amount = $450
so correct option is A. $450
Answer:
The CPI for the given year is 123.
Explanation:
Consumer price index (CPI)
![=\frac{\textrm{cost at given year}}{\textrm{cost at base year}}](https://tex.z-dn.net/?f=%3D%5Cfrac%7B%5Ctextrm%7Bcost%20at%20given%20year%7D%7D%7B%5Ctextrm%7Bcost%20at%20%20base%20year%7D%7D)
In the base year, the typical family bought 4 loaves of bread at $2 per loaf and 2 bottles of wine for $ 9 per bottle.
Cost at base year =$[(4×2)+(2×9)]
=$26
In a given year, bread cost $3 per loaf and wine cost $10 per bottle.
Cost at given year =$[(4×3)+(2×10)]
=$32
The CPI for the given year is
![=\frac {32}{26}\times 100](https://tex.z-dn.net/?f=%3D%5Cfrac%20%7B32%7D%7B26%7D%5Ctimes%20100)
≈123
Answer:
Explanation:
The preparation of ta static budget report for the second quarter is shown below:
CROIX COMPANY
Sales Budget Report
For the Quarter Ended June 30, 2017
Second Quarter Year to date
Product Line Budget Actual Difference Budget Actual Difference
New Guitar $383,500 $387,400 $3,900 $700,200 $690,500 $9,700
Favorable Unfavorable
The year to date balances are computed below:
For Budget:
= $383,500 + $316,700
= $700,200
For Actual:
= $387,400 + $690,500
= 690,500
The answer for this statement would be TRUE. Innovation nowadays have been improving especially in the sports industry because the world wants to keep up with the latest advancements now in the field. Therefore, we could really see that it is more advanced than those used in other service industries.
Answer:
The sum of the debits will exceed the sum of the credits by $340. (None of the options given).
Explanation:
The right posting on the payment of $210 for the purchase office supplies would be;
Debit office supplies account $210
Credit Cash account $210
However since the debit to office supplies was $550 which is 340 (i.e $550 - $210) more than what the amount to have been posted is, it means that the sum of the debits will exceed the sum of the credits by $340.