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sergey [27]
3 years ago
7

Cindy is a salesperson employed by a window manufacturing company, and she travels to various locations to sell her products. Sh

e drives 12,000 miles a year. She adequately accounts to her employer for her business expenses. Her employer reimburses her $4,200 for the mileage driven at 35 cents per mile. Based on the standard mileage rate of 58 cents per mile, her expense was $6,960. Cindy is entitled to deduct on Schedule A, Itemized Deductions, transportation expenses of
Business
1 answer:
victus00 [196]3 years ago
5 0

Answer:

$2,760

Explanation:

Based on the information given Cindy is entitled to deduct transportation expenses of the amount of $2,760 ($6,960-$4200) reason been that we were told that based on the standard mileage rate her expense was the amount of $6,960 in which her employer only reimburses her the amount of $4,200 which means that she can claim the amount of $2,760 ($6,960-$4200) as the amount that was not reimbursed to her .

Therefore Cindy is entitled to deduct on Schedule A, Itemized Deductions, transportation expenses of $2,760

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A savings account you can redraw from, while a certificate of deposite has to be left alone for a certain while, and it ussually gains more interest.
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3 years ago
what monthly sharpe and information ratios has hedge fund cphf realized before fees? also, what is the maximum drawdown of hedge
SVETLANKA909090 [29]

The Sharpe ratio provides an indication of a fund's returns relative to its level of risk. This is calculated by subtracting a predetermined risk-free rate from the fund's annualized return to generate the fund's excess return, then dividing it by the fund's volatility over the same period.

Investors most commonly evaluate hedge funds by assessing their Sharpe Ratio over a number of years. A Sharpe Ratio measures performance while taking into account the amount of risk to which the investments are exposed.

Ratios do not provide any insight into how better one fund is compared to the other. Sharpe ratio ignores the serial correlation between hedge fund returns. If the serial correlation is present in the month-to-month returns, the same can result in overstating the Sharpe ratio.

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6 0
2 years ago
emergency repairs or additional supervisors for an unanticipated second shift will fixed overhead spending variance. multiple ch
zheka24 [161]

Emergency repairs or additional supervisors for an unanticipated second shift will likely lead to an unfavorable fixed overhead spending variance.

Accounting fees, advertising, insurance, interest, legal fees, labor burden, rent, repairs, supplies, taxes, phone bills, travel expenses, and utilities are examples of overhead expenses. Administrative overheads and manufacturing overheads are the two main types of business overheads.

Overhead costs, also known as overhead or operating expenses, are expenses associated with running a business that is not directly related to the creation or production of a product or service. They are the expenses incurred by the company to remain in business, regardless of its level of success.

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6 0
1 year ago
Riverside Ranch is a horse breeding facility. Dynasty Stables is a customer looking for a new stallion for its breeding program.
marshall27 [118]

Answer: a. an express warranty

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An EXPRESS WARRANTY refers to spoken or written promises or guarantees made by the seller about the performance of a product when negotiating with a buyer.

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Roy Mustang in this scenario made an explicit promise about the effectiveness of the Stallion and as such that constitutes an EXPRESS warranty.

It is worthy of note that for Express Warranties, the word Warranty does not even need to be included for the promise to be a warranty.

5 0
3 years ago
When the money market is drawn with the value of money on the vertical axis, if the Federal Reserve buys bonds, then the money s
otez555 [7]

Answer:

The correct answer is:  shifts rightward, causing the price level to rise.

Explanation:

The money supply curve portraits the money supplied in the market at a specific interest rate. The money supply is increased by the central bank by purchasing bonds or other assets -in this case, the Federal Reserve- causing the money supply curve more to the right which at the same time lowers the interest rate.

7 0
3 years ago
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