Answer:
$64,000
Explanation:
In order to be deductible, a business expense must be both ordinary and necessary. Being ordinary means that it is a plausible expense for this business, since the expense in question is related to accounting services, it is ordinary. Being necessary means that the expense is the minimum required and is appropriate and helpful to the business. In this case, all of the expense was not required, therefore, only $64,000 (the reasonable market value for the services provided) are deductible.
Answer:
A significant difference between a trial and an administrative hearing is thtat a hearsay con be introduced as evidence, in an administrative hearing.
Answer:
0.079
Explanation:
Price elasticity of demand using midpoint formula can be calculated as follows
Formula
Elasticity of demand = (change in quantity/average quantity)/(change in price/average price)
Calculation
Elasticity of demand = (600/10,900)/(-2.1/3.05)
Elasticity of demand =-0.055 / -0.688
Elasticity of demand =-0.079
working
Change in price (2-4.1) = -2.1
Average price (2+4.1)/2=3.05
Change in quantity (11,200-10600) = 600
average quantity (11,200+10,600)/2 = 10,900
The elasticity of demand is inelastic as the elasticity is below 1.
Answer:
correct option is a. $.05
Explanation:
given data
stock price S = $43
rate of return r= 10%
exercise price K = $40
time = 6 month
worth = $5
solution
we will apply here formula for worth that is
P = C - S + K × 
here C is given worth 5 and S is stock price and K is exercise price and t is time and r is rate
so put here all value in equation 1 we get
P = C - S + K ×
P = 5 - 43 + 40 × 
P = 5 - 43 + 38.05
P = 0.05
so here correct option is a. $.05
