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belka [17]
3 years ago
15

Brenda, a self-employed taxpayer, travels from Chicago to Barcelona (Spain) on business. She is gone 10 days (including 2 days o

f travel) during which time she spends 5 days conducting business and 3 days sightseeing. Her expenses are $2,370 (airfare), $260 per day (meals), and $540 per night (lodging). Because Brenda stayed with relatives while sightseeing, she only paid for 5 nights of lodging. Compute Brenda's deductions for the following:
Business
1 answer:
finlep [7]3 years ago
4 0

Answer:

A. $1,659

B. $910

C. $2,700

Explanation:

Calculation to determine Brenda's deduction

a. Airfare= (70% × $2,370)

Airfare=$1,659

b. Meals=[(260/2)*7

Meals=$910

c. Lodging= [540*5]

Lodging=$2,700

Therefore Brenda's deductions are :

Airfare $1,659

Meals $910

Lodging $2,700

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Which of the following statements are consistent with how inflation affects the three functions of money? Check all that apply.
Anna [14]

Answer:

B,C, D, E

Explanation:

B. Rising prices (inflation) makes comparism of financial data less reliable.  This is one of the major drawbacks of historic financial information because such information does not take into account the impact of inflation.

C. Money loses its attributes as a store of value in inflationary period. This is because the nominal value of money increase through an increase in Consumer Price Index (CPI) while the real value of money drops as the unit amount of purchasing power decrease from increase in prices.

D. The demand for money increases in inflationary period as more money chases few goods. This reduces purchasing power of individuals and leads to rise in prices.

E. This has the potential of reducing purchasing power as money loses its value in periods of inflation.

6 0
3 years ago
According to the leadership grid developed by Blake and Mouton, which management style reflects moderate concern for production
sergiy2304 [10]

Answer:

Middle-of-the-road management

Explanation:

Middle - of - the - road management -  

It refers to the leadership style , which is plotted in the center of the grid , and the balanced concern between people and production is observed , is referred to as the Middle-of-the-road management .  

These type of leaders helps to settles the average performance by the employees.  

Hence, from the given information of the question,

The correct term is Middle-of-the-road management .

7 0
3 years ago
If you watch television, you may have seen the ads that show a controlled crash of a car containing crash test dummies and the r
nordsb [41]

Answer:

Development

Explanation:

The product development stage is the first part of a product life cycle. This stage involves bringing out a product from a concept. It also involves the modification of a product to satisfy the customers needs.

Product development is concerned with the formulation, designing and then marketing of a new product. The main aim of a product development is to greatly improve the market share of an organization by meeting up to the various demands of potential customers.

6 0
3 years ago
Read 2 more answers
Sally opened her own business and resigned from a job paying $25,000 per year. Her savings acccount pays 8% interest, but she wi
DiKsa [7]

Answer:

A) They would be indifferent, as Sally's income net of costs equals $25,000.

Explanation:

Sally's economic profit = accounting profit - opportunity costs

  • accounting profit = $12,000
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economic profit = $12,000 - $12,000 = $0

Since the economic profit is $0, Sally should be indifferent between running her own business or working for someone else.

7 0
2 years ago
Amy's Drive-Thru, a fast food facility near a college campus, offers healthy, sustainably grown vegetarian and vegan fast-food a
Tems11 [23]

Answer: Focused differentiation strategy

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In the given case, as we know that vegetarian food is not very popular among the college students, since the preference towards health is usually seen in the age group of 25 to 35 working individuals.

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Hence, we can conclude that Amy's is using focused differentiation strategy

7 0
3 years ago
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