<u>Answer:</u>
Compensation paid to employee in excess of salary payments comes unreasonable in the amount (that is the bribe) so the excess of amount should not be deductible as business expenses as per tax laws.
Usually Bryon pay for the part-time summer job is $17,000 is deductible and the remaining amount of $10000 ($27,000-$17,000) paid to gain favor from the Fred's father is not deductible.
Answer:
E) A sole proprietor is not personally liable for the obligations of the business.
Explanation:
Sole proprietorship is a kind of business owned by one man. Characteristics of a sole proprietorship includes;
- A sole proprietorship requires few legal formalities.
- A sole proprietor has complete control of the management of the business.
- The sole proprietor keeps all the profits from the business.
- Profits are taxed as the personal income of the sole proprietor.
It is the oldest and simplest form of business.
The answer is a sole proprietor is not personally liable for the obligations of the business.
The most successful job candidates seek to transform themselves from the unknown into known quantities through networking.
<h3>What is meant by networking?</h3>
Networking, usually referred to as computer networking, is the process of moving data between nodes in an information system through a common media.
The most successful job hopefuls aim to use networking to go from being unknown to becoming a known quantity.
A computer network consists of two or more computers connected through cables (wired) or WiFi (wireless) for the transfer, exchange, or sharing of information and resources.
The goal of networking is to meet new people friends, acquaintances in related fields, and perhaps business partners. You can advance swiftly in your profession with these new connections. It becomes obvious why networking is such a great tool, not only for extroverts, when you put it that way.
To learn more about networking refer to:
brainly.com/question/1027666
#SPJ4
Answer:
-$2,350
Explanation:
In this question, we have to compare the cost which is shown below:
If we considered the reworked cost, then the sales would be
= Sales - reworked cost
= $55,700 - $1,750
= $53,950
And the scrap value is $56,300
So, the financial disadvantage would be
= Sales without reworked cost - scrap value
= $53,950 - $56,300
= -$2,350
All other information which is given is not relevant. Hence, ignored it
Answer:
Coupon= $30 per period.
20 period for semi annual coupon payment.
28.148% discount rate
Explanation:
1.) Coupon rate * face value of bond = coupon
semi annual rate =6%/2=3%
Coupon= 1000 *3%= $30 per period.
2.) t= number of periods = years of maturity * coupon payment semi-annual
t= 10 * 2 = 20 periods.
3. Discount rate formula =C+[(F-P)/t] / (F+P/2)
where C=coupon payment annual
F= face value of security
P=price of security= 1000 *8%=80
t= years of maturity.
so we have⇒ 60+[(1000-80)/10]/(1000+80)/2
=152/540
=28.148%
