Business, 29.07.2019 21:10 jennmcd17

On thursday, justin flies from baltimore (his home office) to cadiz (spain). he conducts business on friday and tuesday; vacations on saturday, sunday, and monday (a legal holiday in spain); and returns to baltimore on thursday. justin is scheduled to return home on wednesday, but all flights were canceled due to bad weather. therefore, he spends wednesday watching floor shows at a local casino. days where travel is attempted/cancelled is counted as a travel day under tax law. justin is self-employed. a. for tax purposes, what portion of justin’s trip is regarded as being for business? b. suppose monday was not a legal holiday. would this change your answer about what percentage of justin's trip would be regarded as business? c. under either part (a) or (b), how much of justin's airfare qualifies as a deductible business expense? under part (a), . under part (b),

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 20:40

•broussard skateboard’s sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. its assets totaled $5 million at the end of 2016. broussard is already at full capacity, so its assets must grow at the same rate as projected sales. at the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. the after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. use the afn equation to forecast broussard’s additional funds needed for the coming year

Answers: 2

Answer

Business, 22.06.2019 01:10

Technology corp. is considering a $238,160 investment in a new marketing campaign that it anticipates will provide annual cash flows of $52,000 for the next five years. the firm has a 6% cost of capital. what should the analysis indicate to the firm's managers?

Answers: 2

Answer

Business, 22.06.2019 02:00

Kenney co. uses process costing to account for the production of canned energy drinks. direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. equivalent units have been calculated to be 19,200 units for materials and 16,000 units for conversion costs. beginning inventory consisted of $11,200 in materials and $6,400 in conversion costs. april costs were $57,600 for materials and $64,000 for conversion costs. ending inventory still in process was 6,400 units (100% complete for materials, 50% for conversion). the total cost per unit using the weighted average method would be closest to:

Answers: 2

Answer

Business, 22.06.2019 04:30

Galwaysc electronics makes two products. model a requires component a and component c. model b requires component b and component c. new versions of both models are released each year with updated versions of all components. all components are sourced overseas, and abc contracts annually for a quantity of each component before seeing that year’s demand. components are only assembled into finished products once demand for each model is known. for the coming year, alwaysc’s purchasing manner has proposed ordering 500,000 units of component a, 630,000 of component b, and 1,000,000 units of component c. her boss has asked why she has recommended purchasing so much of components a and b when alwaysc will not have enough of component c to fully use all of the inventory of a and b. what factors might the purchasing manager cite to explain her recommended order? explain your reasoning.

Answers: 3

Answer

You know the right answer?

On thursday, justin flies from baltimore (his home office) to cadiz (spain). he conducts business on...

Questions