Answer:
Henrietta
The amount that Henrietta can deduct in the current year for investigating these two businesses is:
= $83,800.
Explanation:
a) Data and Calculations:
Investigation cost for expanding the chain into the Northeast = $32,000
Investigation cost for expanding the chain into another location= $51,800
Total investigation costs = $83,800
b) According to the IRS, for the investigation costs to be deductible, they "must be both ordinary and necessary." "Ordinary" refers to common or acceptable expense in the Hotel industry, while "necessary" means the expense helps Henrietta's business in its pursuit of earning income (which a business expansion does). Therefore, the total investigation cost is deductible.
Answer:
D. All of the answers are correct.
Explanation:
Given that Variance Analysis is a form of measuring and controlling methods used by a business management team to maintain and monitor the firm's planned cost and sales with the eventual outcome of cost spent and sales generated.
To achieve this, the process helps in determining the disparity between the actual costs of budgeted costs.
It also helps them to know which department is more productive and
It also helps to discover where the problems or difficulties exist in the production process
Hence, in this case, the correct answer is option D, All of the above. Because the option A to C satisfies the answer.
Answer:
The year end closing inventory is $1256
Explanation:
The LIFO or Last In First Out method of inventory valuation follows that the latest or last purchased inventory will be the one that is sold first. Thus, under this method, the inventory that is purchased at start will be the one that will be left at the end and will form up the ending inventory.
The ending inventory of 24 units means that these units will comprise of inventory from the beginning of the period.
Thus, out of these 24 units, 8 units will be from the beginning inventory and the remaining from the first purchase (24 - 8 = 16).
The cost of ending inventory will be,
8 units at $49 per unit = $392
16 units at $54 per unit = $864
The total amount of closing inventory is = 392 + 864 = $1256
Answer: Because many executives have access to company jets, boards of directors have a responsibility to ensure that shareholders are not footing the bill for personal travel.
Explanation: because it would be English error to make use of a 'comma' before a clause that begins with 'that'
(2nd and 3rd sentence)
A margin call would be issued if the stock price fell below $42.86.
Given initial margin 50% and maintenance margin 30%.
To find the stock price level to get a margin call.
When the value of assets in a brokerage account falls below a specific amount, known as the maintenance margin, the account holder is required to deposit extra cash or securities to fulfil the margin obligations. A margin call is a demand from a brokerage firm to boost the account's equity.
The formula to compute the margin call price is given below:
Margin call = 
Therefore, the answer is $42.86.
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