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Ludmilka [50]
1 year ago
15

Jack is a self-employed contractor. He uses his Ford F250 in his business. He does not have another vehicle for personal use. He

wants to
claim the standard mileage rate for the business use of his pick-up. To do so he must keep records of the following, except:
Choose one answer a. Total mileage during the year
b. Cost of insurance for the pick-up.
c. Business mileage during the year
d. Commuting mileage during the year
Business
1 answer:
miskamm [114]1 year ago
5 0
C business mileage during the year to claim the standard mileage rate for the business
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The addition of acceptance criteria factors to the milestone schedule in a project charter helps the team understand who will ju
Aleksandr-060686 [28]

Answer:

Standards or criteria that will be used

Explanation:

A project charter is an informal contract between a project team and the project sponsor. The project charter shows a detailed plan of each aspect of a project; from scope to objectives, etc as well as grants the project team the power to create a project plan.

A project charter helps the project team to develop an understanding of the project to be undertaken, thereby enhancing team performance. Before a project charter is signed between both parties, all risks must have been eliminated.

When acceptance criteria factors are added to the schedule of a project charter, it helps the project team to know who will be judging the quality of their work as well as the standard that the judge will be using.

I hope this helps.

3 0
1 year ago
You plan to visit Geneva, Switzerland in three months to attend an international business conference. You expect to incur the to
aliina [53]

Answer:

Therefore , the total future costs of buying sf 10000  = $6807.5

Explanation:

Premium = 0.05 (10000) = $500

Finding the value of $500 in 3 months = 500(1.015)= 507.5

The future expected spot rate is $0.63/sf, because this is less than exercise price, I will not exercise options. Instead I will expect to buy swiss franc at $0.63/sf. Since I will purchase sf 10000.

I will spend (0.63* 10000) = $6300.

Therefore , the total future costs of buying sf 10000 ,

$6300+$507.5 = 6807.5

5 0
2 years ago
Burger King is a cash-basis taxpayer but maintains its financial accounting records using full
tekilochka [14]

Answer:

Defining current and deferred tax first;

Current Tax - Current tax is the amount of Income Tax determined to be payable in respect of taxable income for a period.

Deferred Tax - Deferred tax is the tax effect of the timing difference. The difference between the tax expenses (which is calculated on an accrual basis) and current tax liability to be paid for a particular period as per Federal Income Tax Law is called deferred tax (asset/liability). That is why Tax Expenses + Current Tax + Deferred Tax

on the basis of the above explanations the question has been solved below:-

Particulars Amount

Current Year Income as per financial accounting $ 48,000

Current Year Taxable Income as Income Tax Laws $ 38,000

Current Year Tax Payable on Income Taxable under Federal Income Tax Laws $ 5,600

Current Year Tax Payable on Income as per financial accounting $ 7,600

Deferred Tax Asset to be recorded in Books of Accounts $ 2,000

Tax Rate to be used to record Deferred Tax Asset in Books = 20%

5 0
2 years ago
Read 2 more answers
The following information is taken from the income statement of Olympic, Inc.: Depreciation Expense $ 90,000 Amortization Expens
Lina20 [59]

Answer:

The correct option is D,$402,000.

Explanation:

In determining the cash flow provided by operating activities,we need to adjust the net income for effects of non cash items reported.It is important  to note that the reverse of the earlier treatment of the items is what is required now.For instance depreciation and amortization  were deducted in  income statement,for cash flow purposes we need to add both to net income.

Net income                          $315,000

add depreciation                $90,000

amortization                         $15,000

loss on sale of equipment  $9,000

less gain on sale of building($27000)

Cash flow from operations  $402,000

The cash flow from operating activities as adjusted is $402,000.

6 0
1 year ago
Bartlett Company's target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is 6.0
anyanavicka [17]

Answer:

WACC is 9.26%

Explanation:

WACC is the average cost of capital of the firm based on the weightage of the debt and weightage of the equity multiplied to their respective costs.

According to WACC formula

WACC = ( Cost of common share x Weightage of common share ) + ( Cost of Preferred share x Weightage of Preferred share ) + ( Cost of debt x Weightage of debt )

Cost of debt is already given as after tax cost of debt.

WACC = ( 12.75% x 45% ) + ( 7.5% x 15% ) + ( 6% x 40% )

WACC = 5.7375% + 1.125% + 2.4% = 9.2625 % = 9.26%

4 0
2 years ago
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