I believe the correct answer among the choices is:
b) They do not capture most nonmarket economic activity
<span>The National Income and Product Accounts or NIPA is one
of the main sources of the data on general economic activity in the United States.
The greatest drawback to this is that it is only a prediction, it does not
really reflect all the acitivities.</span>
Answer:
wholly owned subsidiary
Explanation:
A wholly-owned subsidiary is a form of subsidiary arrangement, between two companies, whereby a company is completely owned or its whole stock is bought by another company often referred to as Parent Company after the arrangement or the agreement of the acquisition.
It is also characterized by having control over its resources and specific mission, also operates independently.
Hence, in this case, the right answer is a wholly owned subsidiary
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:
$296,000
Explanation:
Calculation for How much is direct labor cost
Using this formula
Direct labor cost=Total manufacturing costs-Manufacturing overhead totaling-Direct materials totaling
Let plug in the formula
Direct labor cost=$450,000 - $68,000 - $86,000
Direct labor cost=$296,000
Therefore the direct labor cost will be $296,000
