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PIT_PIT [208]
3 years ago
11

Holly took a prospective client to dinner, and after agreeing to a business deal, they went to the theater. Holly paid $320 for

the meal and separately paid $238 for the theater tickets, amounts that were reasonable under the circumstances. What amount of these expenditures can Holly deduct as a business expense
Business
1 answer:
Liula [17]3 years ago
5 0

Answer:

The Tax Cuts and Jobs Act changed how meals and entertainment can be deducted:

The C.O.V.I.D Relief Bill allows businesses to deduct up to 100% of the cost of business meals (regularly it would be 50% only) = $320

But entertainment is not deductible, so $0

total deduction (for 2020) = $320

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Several years ago, Cayuga Capital acquired a $1 million insurance policy on the life of its chief executive officer, naming Cayu
cestrela7 [59]

Answer:

The Journal entry is as follows:

On December 31st, 2021

Cash surrender value A/c Dr. $3,000

Insurance expense A/c     Dr. $17,000

          To cash A/c                                  $20,000

(To record the payment of the insurance premium)

Working note:

Increase in cash surrender value of the policy:

= $15,000 - $12,000

= $3,000

Insurance expense:

= Annual premiums - Increase in cash surrender value of the policy

= $20,000 - $3,000

= $17,000

4 0
3 years ago
A graphical representation of all organizational jobs along with the numbers of employees currently occupying those jobs and fut
vesna_86 [32]

Answer:

a.  a staffing table.

Explanation:

A staffing table -

It refers to the pictorial or the graphical arrangement of the jobs in a firm , where the number of current employees working and their positions and the number of any future vacancy all are represented , is referred to as a staffing table.

It enables the people to get proper idea and information of the organisation or the company .

Hence , from the information of the question,

The correct option is a.  a staffing table.

7 0
3 years ago
Rom what you know of the company so far, what will be among the variousconstituencies that the CSIRT will serve?
son4ous [18]

The question is incomplete, Below is the complete question.

Brody had been enjoying a nice, calm shift in HAL's network operations center. The calmness of the evening was interrupted, however, when a pop-up notification appeared on his monitor. The NIDS had detected malicious traffic on a brance network in Tuscaloosa, Alabama, specifically targeting the branch Web server. As Brody picked up the telephone to contact the on-call network tech for that office, the NIDS displayed another pop-up notification, this time reporting malicious traffic on a branch network in Mobile. In short order, it also displayed notifications for branches in Athens, Columbia, Auburn, and Starkville. Even more alarming, the NIDS indicated that the traffic was all coming from other branches within the company.

Brody immediately recognized that this was different from the typical attacks he'd seen in his time with the company and decided to call his boss, Nick Shula. It was 3:30 AM when he made the call.

"Hello?" said Shula, groggy with sleep.

"Boss, it's Brody," Brody said. "Sorry to be calling like this, but i think we've got a problemm. The NIDS is showing that Web servers in multiple branch offices are under attack, and the traffic is coming from inside our network. What do you want me to do?"

Shula, suddenly awake, thought back to the proposal that was sitting on his desk, concerning the creation of an incident response team for the company. Shula had een so busy with other things that he hadn't been able to consider the proposal at all. Mentally kicking himself, he muttered into the phone, "Why didn't I look at that proposal?"

"What was that, boss?" Brody said.

"Never mind," Shula said. He had to think quickly in order to guide Brody through the situation. "Call the firewall guy on duty," he said, "and have him put in a temporary rule on the DMZ firewall to block all inbound traffic to the Web servers from internal IP addresses." After all, it was the middle of the night, and very few, if any, employees would be doing any work that involved the Web servers. Shula figured he would jsut get up a little early and have the rule removed before normal working hours; hopefully, by then the attack would have stopped.

"OK boss, will do. Get back to sleep, now," Brody said.

Shula headed back to bed, thinking everything was OK. But as soon as his eyes closed, the phone rang again. He took a look at the caller ID and blanched. It was Mal Bryant,, the company CEO.

"Nick, it's Mal," Mal said. "Listen, I'm in Belgium and attached to the corporate network via the VPN. For some reason, I can't get to our internal Web server. You have ny idea what's going on?"

Shula sighed as he realized it was going to be a long night...

Two weeks later, Brody got an e-mail from Nick Shula inviting him to attend a meeting during the day shift later in the week. The meeting was being called to discuss the formation fo the company's new CSIRT.

Brody would be one of the employees identified to perform specific actions when events became incidents and the response plans were activated. As a front-line watch stander in the network operations center, Brody would play a critical role. In addition to his role as a key memeber of the response team, Brody was going to be invited to help develop the plans and procedures and would then be trained in how to be a first responder.

Discussion Questions:

A) From what you know of the company so far, what will be among the various constituencies that the CSIRT will serve?

B) Will the company need to hire more employees to meet the needs of the CSIRT, or would you suggest it outsource some of that effort?

ANSWER;

A) When we talk of CSIRT, it typically mean computer security incident response team.

It will actually help employees report,discuss and disseminate information as it regards computer security related information across the entire organization and it's various verticals.

CSIRT will actually help in timely response that is 24/7 and a coordinated effort in the handling of incident.

The department of information technology and other departments to that are partly or heavily making use of it's systems would actually be the ones typically affected by the formation of this body.

B) For CSIRT to be efficiently constructed,the organization should also outsource the work initially in majority.

However,in the later stages, once the employees are well trained,the company can then build upon it as in house department much more effectively and efficiently.

Also,the company should have at least a part of the work outsourced to have access continuously to the respective systems at all times. This will be required mainly because information security is a fast moving technology and the company as well as it's employees need to be updated regularly and also informed of external threats.

3 0
3 years ago
Zoom call anyone<br> im bored
Mrac [35]

Answer:

me i love zoom because i do it every day

Explanation:

8 0
3 years ago
Lean production should result in reduced inventories. If lean production is successfully implemented, the difference in net oper
harina [27]

Answer:

True

Explanation:

If lean production totally eliminates inventories, the net operating income computed under the absorption and variable costing methods should be equal.  If lean production only reduces inventories, then the difference in net operating income under the two methods will be reduced.

Lean production is a system of production that tries to eliminate bottlenecks in the flow of goods by employing tools like just in time (JIT), Kaizen, and the 5S of Sort, Set in Order, Shine, Standardize, and Sustain, among others.  It attempts to cut costs, reduce unnecessary inventory, shorten production cycle, speed response time, grant employees autonomy,  and reduce waste of resources while ensuring high quality and customer satisfaction.

Lean production employs some principles in order to achieve efficiency.  They are: 1) definition of value, 2) mapping the value stream, 3) creating efficient flow, 4) using a pull system, and 5) pursuing perfection in all aspect of production activities.  The Lean approach can be applied to services and other aspect of business, like system, structure, and organization.

3 0
3 years ago
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