Answer is in the photo. I can only upload it to a file hosting service. link below!
tinyurl.com/wtjfavyw
Answer: None
Explanation: The IRS commuting rule allows for business travel expenses to be deducted as business expenses but this does not apply to commuting expenses.
Business travel expenses include Judi driving the company car to customer's locations or using any other form of transportation to meet a client. It even covers travelling by plane to another state for the same purpose.
It however does not apply to travelling between home and work, this is a daily travel expense as you need to get to work anyway.
Answer:
There the company's net income is $1.2 million.
Explanation:
Solution
Given that:
The Profit Margin is = 8% of Sales
Thus
DTO Inc's Net Income will be 8% of $ 15 million =$ 1,200,000 or $ 1.2 million
=$15 million *8% = $1.2 million
(ROA) or Return on Assets = Net Income / Total Assets
= $ 1.2 million / $ 12.6 million
= 9.52%
Then
Total Assets = Total Debt + Total Equity
So the Total Assets are $ 12.6 million, and the Total Debt is $ 5.6 million, then the Total Equity works out to $ 7 million.
=$12.6 million - $ 5.6 million
=$7 million
Hence
Return on Equity (ROE) = Net Income / Total Equity = $ 1.2 million / $ 7 million = 17.14%
Answer:
The correct answer is option C and D.
Explanation:
A perfectly competitive firm has a large number of buyers and sellers. These sellers produce homogenous products. There is no restriction on entry and exit in the market. The firms are price takers.
The market for electricity is not a competitive market because there are few sellers in the market and there is difficulty in entry and exit because of the high cost involved.
The intrinsic value of a call option can be calculated by subtracting the strike price from the market price ($108-$110=?). Therefore the intrinsic value of John's call option is $-2 or 0.
