Business, 08.11.2019 20:31 anastasiasam1916

Ryan is self-employed. this year ryan used his personal auto for several long business trips. ryan paid $2,330 for gasoline on these trips. his depreciation on the car if he was using it fully for business purposes would be $3,300. during the year, he drove his car a total of 14,300 miles (a combination of business and personal travel). (do not round intermediate calculations. round your final answer to the nearest dollar amount.)

a. ryan can provide written documentation of the business purpose for trips totaling 2,480 miles. what business expense amount can ryan deduct (if any) for these trips?
maximum deductible amount

b. ryan estimates that he drove approximately 2,090 miles on business trips, but he can provide written documentation of the business purpose for trips totaling 1,120 miles. what business expense amount can ryan deduct if any for these trips?
maximum deductible amount

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 23:30

Select the correct answer. joshua runs a large manufacturing business that is listed on the stock exchange. his company made good profits in the previous financial year. he now plans to reward his shareholders with handsome dividends. under which category of activities in the cash flow statement would the company’s accountants place this outflow of cash? a. investing activities b. operating activities c. financing activities d. non-operating activities

Answers: 3

Answer

Business, 22.06.2019 20:30

The research of robert siegler and eric jenkins on the development of the counting-on strategy is an example of design.

Answers: 3

Answer

Business, 22.06.2019 20:40

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year

Answers: 2

Answer

Business, 22.06.2019 20:50

Barbara flynn is in charge of maintaining hospital supplies at general hospital. during the past year, the mean lead time demand for bandage bx-5 was 65 (and was normally distributed). furthermore, the standard deviation for bx-5 was 6. ms. flynn would like to maintain a 90% service level.refer to the standard normal table for z-values.a) what safety stock level do you recommend for bx-5? safety stock=)what is the appropriate reorder point? reorder point=

Answers: 1

Answer

You know the right answer?

Ryan is self-employed. this year ryan used his personal auto for several long business trips. ryan p...

Questions