Answer:
Susan Barnes
Total deductible business expenses:
= $1,300.
Explanation:
a) Data and Calculations:
Dates for business meetings = July 1st and 2nd
Flight charge = $480
Lodging for 3 days = $600 ($200 *3)
Meals for 3 days:
6/30: $40;
7/1: $70;
7/2: $70
7/5: $40
Total for meals = $220
Total business expense = $1,300 ($480 + $600 + $220)
b) According to the IRS (Internal Revenue Service), business expenses have been defined as any expenses that are "helpful and appropriate" for a business. This definition excludes lodging and meal expenses incurred by Susan on July 3rd and July 4th, when she takes personal time.
Answer: $188000
Explanation:
Based on the information given in the question, the total cost to be accounted for under the weighted-average method would be calculated thus:
Cost of ending work in process inventory = $29,000
Add: Cost of units transferred out = $159,000
Therefore, the total cost to be accounted for will be;
= $29000 + $159000
= $188000
In the given case, bank is not consider as holder in due course because here it will act as intermediary who collected amount from company's account.
<h3>What is holder in due course?</h3>
A holder in due course refers to an individual who have the authority to hold the negotiable instrument in good faith.
This holder in due course will be referred to as the person who have received or given something in exchange for the instrument.
When any individual receives a gift from someone, then it will not be considered as holder in due course because he had not given any value in exchange.
So yes, in this situation when the CEO stole money from the company by writing a series of checks and withdrawing it in a personal account at the bank. Bank will be not be considered as holder in due course due to intermediary role.
Learn more about holder in due course, here:
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Answer:
a. rule-utilitaria
Explanation:
According to my research on different business tactics and perspectives, I can say that based on the information provided within the question her approach is primarily influenced by rule-utilitarian. This term refers to a form of utilitarianism in which an action is right if it strives and focuses on the greater good. Which in this case is what Jenny is doing, since even though the decision to cut wages is bad, it is still viewed as good because it is a greater good.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
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