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Tpy6a [65]
2 years ago
6

Judi Pendergrass is an account representative at Ever Pharmaceuticals. She has a company car for customer visits, which she uses

to commute from work to home on Friday nights and from home to work on Monday mornings, 50 weeks per year. Her commute is 25 miles each direction. Required: Using the commuting rule, what is the valuation of the fringe benefit?
Business
1 answer:
scoundrel [369]2 years ago
8 0

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.

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Chaurice has a lot of friends and was elected president of her class. Before she was elected, she volunteered as a peer mentor f
bulgar [2K]

Answer: C. Extraversion and Agreeableness

Explanation:

Extraversion is described as the quality of enjoying the company of people as opposed to be alone. A person that scores high on Extraversion charts is an EXTROVERT and enjoys being the centre of attention as well.

Chaurice had a Lot of Friends and was outgoing enough to help students adjust as a Peer Mentor. This shows that she is an EXTROVERT.

Agreeableness is the quality of being nice. An Agreeable person is compassionate, friendly, polite and empathetic. Such people tend to make good friends and are good team players.

Chaurice caring for Freshmen and having a lot of friends puts her in this category as well.

8 0
1 year ago
Read 2 more answers
Asset A has an expected return of 15% and a reward-to-variability ratio of .4. Asset B has an expected return of 20% and a rewar
4vir4ik [10]

Answer:

Correct option is B.

<u>Asset A</u>

Explanation:

Reward to variability ratio = return/σ

Asset A,σ = 15/0.4 = 37.5

Asset B,σ = 20/0.3 = 66.67

Since deviation(volatility) is lesser for asset A,a risk investor would prefer asset A.

8 0
1 year ago
Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During
hammer [34]

Answer= The entry to record this transaction would include:

A debit to Organization Expenses for $5,000.

A credit to common stock for $4,000 and Paid in capital in excess of par-Common Stock of $1,000

Explanation:

Common stock = 400 x $10= $4000

Accounts                             Debit                  Credit

Organisation expense      $5,000

Common stock                                              $4,000

Paid in capital in excess of par value

of common stock                                            $1,000

( $5000 - $4000)

7 0
1 year ago
Match to correct letter option
dusya [7]

Answer:

A. Money left over after taxes are paid - Disposable income

B. Quantity theory of money helps explain the shape of this - Real

C. Part of GDP s definition that captures the quality of goods and services - Market Value

D. Caused by a fall in the money supply - Final

E. Part of GDP s definition that means you exclude used goods and services - Real

F.  Sticky prices/wages justifies its shape - Final

G. Part of GDP s definition that means you exclude intermediary goods and services - Market Value

H. Used to make loans - Excess reserves

I. Used to cover withdraws - Disposable income

J. Interest rates are at their lower bound - Real

K. Represents the economy s fundamentals, such as population, capital, and technology - LRAS

L. Adjusted for inflation Final

M. Caused by a collapse of the stock market - Market Value

Explanation:

Long run aggregate supply is adjusted based on the products produced in the country. The supply rate is also adjusted based on demand factor. GDP is the monetary value of all goods and services produced in the country during a certain period.

5 0
1 year ago
Suppose that two Japanese companies, Hitachi and Toshiba, are the sole producers (i.e., duopolists) of a microprocessor chip use
Dima020 [189]

Answer: Please refer to Explanation

Explanation:

a) When both Hitachi and Toshiba engage in a limited campaign, they both earn $11 million.

If both engage in an extensive campaign they both earn $8 million.

However, if one firm engages in an extensive campaign and the other firm engages in a limited one, the firm engaging in a limited campaign earns $4 million while the one engaging in an extensive campaign earns $16 million.

I have attached a photo to show the payoff matrix as a table.

b) In the absence of a binding and enforceable agreement, that is to say that if both firms are not colluding, Hitachi's dominant strategy would be to engage in an EXTENSIVE PROMOTIONAL CAMPAIGN.

A Firm's dominant strategy in absence of an agreement is that strategy that a firm can go on and make a maximum amount of profit regardless of what the other firm does.

Should Hitachi engage in an Extensive Campaign, they will make $16 million in quarterly profit if Toshiba engages in a Limited Campaign. Should Toshiba also decide to engage in an Extensive Campaign, then Hitachi makes a profit of $8 million. This is therefore their best alternative as opposed to embarking on a limited Campaign where there is a chance that they will make $4 million.

With the Extensive Campaign, Hitachi's Minimum Payoff is $8 million.

c) The game is the same for both players so the best option for Hitachi, is the best option for Toshiba as well. This means that Toshiba's dominant Strategy is an EXTENSIVE PROMOTIONAL CAMPAIGN and their minimum payoff is $8 million as well.

3 0
1 year ago
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