Answer:
He can Claim a 50% deduction on the Schedule C Business Expense Deductions
Explanation:
Business Meals fall under the category of the small businesses tax deductions made available under Schedule C by the Internal Revenue Service that can small businesses can take advantage of.
- The business owner or employee must be present at the meal.
- The meal must not be extravagant under any circumstances.
- The meal must be an ordinary and necessary part of carrying on businesses.
Gary as a self-employed accountant is a small service provider who can take advantage of this deduction.
Answer: 5,882.5 hours
Explanation:
Cumulative Labor Hours to be planned for = Cumulative factor * Time of first unit
Cumulative Factor = Average learning rate for Number of units.
Learning rate from unit 1 to 2 = Labor hours required for 2nd unit / Labor Units required for 1st unit
= 2,250/2,500
= 0.9
Learning rate from unit 2 to 3 = Labor hours required for 3rd unit / Labor Units required for 2nd unit
= 2,120/2,250
= 0.94
Average learning rate = (0.9 + 0.94) / 2
= 0.9
= 90%
There are 6 units in total including the first units checked and the additional 3 units.
Cumulative factor for 6 units at 90% from the table is 5.101.
Cumulative labor hours = 5.101 * 2,500
= 12,752.5 hours
The time for the Addiotnal 3 units is;
= Cumulative time for all units - time for the first 3 units
= 12,752.5 - 2,500 - 2,250 - 2,120
= 5,882.5 hours
A mutual fund can in fact be an index fund. However, the vast majority of mutual funds aren't similar to index funds. Most mutual funds have an objective that is different than that of an index fund. Most mutual funds do not rebalance as often as an index fund. A mutual fund often is more diversified than a pure index fund.
Answer:
Coronado's diluted earnings per share would be 4.53
Explanation:
Net interest savings = (2040000*5%)*(1-0.35)= $66,300
Weighted average common stock outstanding=194000+(2040000/1000*10)= 214,400
Coronado's diluted earnings per share=(906,000+66,300)/214,400= $4.53
Answer:
(B) 34400 units
Explanation:
The formula to compute the break even point is shown below:
= (Fixed costs) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $50 - ($50 × 50%)
= $50 - $25
= $25
And, the fixed cost = $665,000 + $195,000 = $860,000
So, the break even point would be
= ($860,000) ÷ ($25)
= 34,400 units
