Answer: c. Do not include the normal costs of commuting
Explanation: deductible expenses do not include the normal costs of commuting. Deductible expenses can be subtracted from a company's income before it is subject to income tax. Therefore they reduce tax liability. Utilities, wages, rent, auto expenses, meals and entertainment, some business expenses such as advertising, employee benefits, insurance etc. are examples of expenses that can be deducted from a company's income.
Answer:
Priscilla's homemade dividend per share be in 2017 will be $3.585
Explanation:
In order to calculate what will be Priscilla's homemade dividend per share be in 2017 we would have to use the following formula:
homemade dividend=(Dividend in 2016×(1+Required rate))+Dividend in 2017
homemade dividend=($1×(1+8.5%))+$2.50
homemade dividend=$1.085+$2.50=$3.585
Priscilla's homemade dividend per share be in 2017 will be $3.585
Answer:
A January 1, 2020
Dr Cash $54,600
Cr Bonds payable $52,000
Cr Premium on bonds payable $2,600
B. December 21 2022
Dr Bonds payable $52,000
Dr Premium on bonds payable $1,820
Cr Common stock $26,000
Cr Paid in capital in excess of Par $27,820
Explanation:
Preparation of the entry for Stonewall Corporation
A January 1, 2020
Dr Cash $54,600
($52,000+$2,600)
Cr Bonds payable $52,000
Cr Premium on bonds payable $2,600
(5%*$52,000)
(To record issue of bonds for premium)
B. December 21 2022
Dr Bonds payable $52,000
Dr Premium on bonds payable $1,820
(100%-30%*$2,600)
Cr Common stock $26,000
(52*10*50)
Cr Paid in capital in excess of Par $27,820
($52,000+$1,820-$26,000)
(To record conversion of bonds into Common Stock)
A globalization change in a relationship affecting a government
Answer:
both existing customers who now get lower prices on the gowns they were already planning to purchase and new customers who enter the market because of the lower prices.
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Let assume that the price before the sale and after the sale is $1000 and $800. The willingness to pay of customer A is $1500 and for customer b is $900
consumer surplus of customer A before sale = 1500 - 1000 = 500
consumer surplus of customer A after sale = 1500 - 800 = 700
consumer surplus of customer B before sale = 0
consumer surplus of customer B after sale = 900 - 800 = 100
consumer surplus of both customers increase
