1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dimulka [17.4K]
3 years ago
12

What business entertainment expenses are deductible

Business
1 answer:
Rom4ik [11]3 years ago
4 0
Your business can deduct 100% of food, beverage, and entertainment expenses incurred for recreational, social, or similar activities that are incurred primarily for the benefit of employees other than certain highly compensated employees (for example, food and beverages and entertainment at company picnics or company
got it off g00gle hoped it helped
You might be interested in
in forward and futures contracts, the risk of non-fulfilment of contract terms is most likely borne by:
topjm [15]

In forward and futures contracts, the risk of non-fulfillment of contract terms is most likely borne by <u>both parties</u><u> to the contract</u>.

<h3>What are forward and futures contracts?</h3>

The difference between a forward and futures contract lies in their establishment.

A forward contract is a personal arrangement traded over the counter whereas, a futures contract is a standardized contract made through an established exchange.

Thus, in forward and futures contracts, the risk of non-fulfillment of contract terms is most likely borne by <u>both parties</u><u> to the contract</u>.

Learn more about forward and futures contacts at brainly.com/question/15581105

#SPJ12

7 0
2 years ago
Failure by a promissory notes maker to pay the amount due at maturity is known as_________.
Andreas93 [3]

Failure by a promissory notes maker to pay the amount due at maturity is known as Dishonoring a note.

A dishonored note is a that  promissory note which has not been paid by a debtor in a given  reasonable amount of time.  It causes the creditor to write off the recorded revenue as a  bad debt.

With the help of promissory note, a buyer  can make a short-term commitment to pay any supplier for merchandise within the stated time period and  also at a certain interest rate.

In order to properly record a dishonored note in the financial journal of the organization one must first decide whether he is  expecting to  collect payment eventually or not.

A bill is  always considered as dishonored either by non-acceptance or by non-payment of the bill.

To know more about dishonored note here:

brainly.com/question/9220878

#SPJ4

5 0
2 years ago
A firm has a fixed cost of $500 in its first year of operation. When the firm produces 100 units of output, its total costs are
VARVARA [1.3K]

Answer:

$4,800

Explanation:

At 100 units output

Fixed cost= $500

Total cost=$4,500

At 101 units output

Fixed cost=$500

Fixed cost remains constant during production process

Marginal cost= $300

Total cost(101 units)= TC(100 units) + marginal cost of 101 units

= $4,500+$300

TC(101 units)= $4,800

5 0
3 years ago
Babymart, inc. manufactures baby cribs and currently has fixed costs of $50,000 and a sales price per unit of $315. babymart is
e-lub [12.9K]
Let the additional number of units, babymart need to sell be x, then

Revenue = $315(400 + x)

New fixed cost = $50,000 - $5,000 = $45,000

Thus, Total cost = $115(400 + x) + $45,000

Net income = Revenue - Total cost = 315(400 + x) - 115(400 + x) - 45,000 = 40,000

⇒ 200(400 + x) = 40,000 + 45,000
⇒ 80,000 + 200x = 85,000
⇒ 200x = 85,000 - 80,000 = 5,000
⇒ x = 5,000 / 200 = 25

Therefore, the additional number of units babymart needs to sell to maintain the same level of income is 25 units.
3 0
3 years ago
Read 2 more answers
You should not use the PACED decision-making process to make career choices. It should mostly be used for financial decisions.
marusya05 [52]
I believe the statement given is false. PACED decision-making process is useful in making career choices. <span>The </span>PACED<span> Decision-Making </span>model<span> provides for students to be actively involved in the decision-making process. Hope this helps.</span>
3 0
3 years ago
Read 2 more answers
Other questions:
  • If there was a flood that caused damage to your car, what kind of coverage must you have in order for the insurance company to h
    9·1 answer
  • If estimating the amount of time to design a new​ product, should you err on the high side or the low​ side?
    8·1 answer
  • First Link Services granted 4.8 million of its $1 par common shares to executives, subject to forfeiture if employment is termin
    6·1 answer
  • Hurricane Irene was forecast to hit the Mid-Atlantic/Northeast about a week before it arrived. The plan to evacuate the Outer Ba
    13·1 answer
  • Total revenue decreases as the price of a good increases, if the demand for the good is
    15·1 answer
  • What is the BEST definition of profit?
    12·1 answer
  • A government policy of providing job training for unskilled youths is an example of a policy to promote economic growth by: A. i
    12·1 answer
  • In the context of fiedler's model, the situational dimension termed ________ relates to the degree of influence a leader has ove
    10·1 answer
  • The $1,000 face value ABC bond has a coupon rate of 10%, with interest paid annually, and matures in 3 years. If the bond is pri
    13·1 answer
  • A high-tech computer company reported the following information in a recent annual report (all dollar amounts are expressed in m
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!