Answer:
Allowable Business Expense is $50
Explanation:
The entertainment expenses that were paid before the business deal are allowed business expenses and those entertainment expenses that were incurred after the business deal are disallowed business expenses.
So here, the entertainment expense that includes meal which is worth $100 and is the only allowable business expense here that was incurred before the business deal.
The meal with clients are 50% deductible which means only 50% of the $100 is allowed as business expense.
Allowable Business Expense = $100 * 50% = $50
Answer:
Cyclical unemployment
Explanation:
The process of this happening is known as Cyclical unemployment. This is something that is common in every country around the world and tends to happen due to many reasons. Each countries economic cycle is different and follows different ranges. The United States Economic Cycle tends to happen roughly every 8 years, although this is not 100% guaranteed. When it does happen Stock Markets tend to crash which is what causes a chain reaction that leads to unemployment rises and businesses producing less and less as there is less consumer spending.
Answer:
<em>Regular savings account </em>
Explanation:
<em>One requires to commit small amounts of income each month on a regular savings account.</em>
In exchange for providing your savings provider a fixed level of income every month, they normally pay you a higher rate of return than, for instance, if you invest a lump sum in a cash ISA or easy access account.
However, the best regular savings rates also exceed the prices on the longer fixed-rate offers offered.
This type of account has rigorous terms of service that may cause you to lose your competitive rate if you fail to adhere to them.
Answer:
a. Ending cash balance
You can find the ending cash balance in both the balance sheet and the statement of cash flows.
b. Adjustments to reconcile net income to net cash provided by operations
You can find this information in the statement of cash flows (under cash flows from operating activities).
c. Common stock
You can find this information in the balance sheet and the statement of stockholders' equity.
d. Total assets
You can find this information in the balance sheet
e. Net income
You can find this information in the income statement and the statement of cash flows (under cash flows from operating activities).
f. Revenue
You can find this information in the income statement.
g. Income tax payable
You can find this information in the balance sheet. Total income tax liability can be found int he income statement but it doesn't show us the unpaid amount. Also, the statement of cash flows shows us how this account changes from one year to the next.
Answer:
The answer is $1,875
Explanation:
Money multplier effect = 1 / required reserve ratio .
And the required reserve ratio is 8 percent
Deposit into the checking account is $150.
Money multplier effect = 1 / 0.08
12.5
Therefore, the largest amount (in dollars) by which the money supply can increase as a result of the deposit of $150 is:
12.5 x $150
=$1,875
