Answer:
Assuming Simon’s AGI is $40,000.
Gambling losses are only deductible to the extent of gambling winnings. Thus,Simon cannot deduct any of the $4,300 gambling losses. The $3,160 transportation expenses are also nondeductible as they are deemed to be personal expenses. The $2,650 broker management fees are deductible as investment fees (miscellaneous itemized deductions subject to the 2% AGI floor), and the $1,030 tax return fees are also deductible as miscellaneous itemized deductions subject to the 2% AGI floor.
Thus, $2,650 + $1,030 – (2% x $40,000 AGI) = $2,880 deduction
Answer:
Leave the price alone. Although it may lack some of the features that competitors’ models have, the Boss brand is well-recognized and well-respected in the market
Explanation:
You chose to lower the price to $359.That was the best choice.During the maturity stage of the product life cycle, increased competition eventually forces price cutting, and market share leadership may outweigh profit as a pricing objective, so this is a good option. However, it would take some research to determine whether the company can still make a profit at this price.
Answer:
$7,000
Explanation:
The insurance company will actually save some money, but I doubt that your company does. We can assume that the seminar will be paid by the insurance company and it costs $15,000. After watching that seminar, accidents should decrease by 25% of an equivalent to = $88,000 x 25% = $22,000
Since the insurance company will save $22,000 with the seminar and the cost of the seminar is $15,000, its net gain = $22,000 - $15,000 = $7,000
The element of marketing mix that this scenario presents is
the promotion. It is because promotion is making use of media or advertisements
in means of having to make your business or market to be known of to the public
in which the owners of ‘Have it your way hotdog’ engages to as they made use of
advertisement in the program of the league basketball team.
The correct answer is False
Explanation:
A cash budget refers to a tool used to predict and control the amount of money that would be spent, this applies to the money that is expected will be spent in a business during a certain time or the money that is expected to be spent for a project. Due to this, in projects, a cash budget is useful to identify possible problems related to the budget or money including possible problem times. According to this, it is false a cash budget will not help identify possible problem times because is useful to predict problems related to money and time.
