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Ryan is self-employed. This year Ryan used his personal auto for several long business trips. Ryan paid $2,050 for gasoline on these trips. His depreciation on the car if he was using it fully for business purposes would be $4,500. During the year, he drove his car a total of 17,500 miles (a combination of business and personal travel).
a. Ryan can provide written documentation of the business purpose for trips totaling 5,250 miles. What business expense amount can Ryan deduct (if any) for these trips?
b. Ryan estimates that he drove approximately 1,915 miles on business trips, but he can only provide written documentation of the business purpose for trips totaling 1,200 miles. What business expense amount can Ryan deduct (if any) for these trips?
On 6/5/2014, an investor buys 7 gold futures contracts, when the futures price is $1400 per ounce. The contract size is 100 ounces. The next day, the futures price becomes $1,396.27. Calculate the daily gain.
Gross Margin and Contribution Margin Income Statements Tosca Beverages reports the following information for July:
Capitalization of land, building and machinery acquired, capitalization of installation, improvement (demolition of existing structures included) and interest expense.
The Budget Proposal project is intended to be a comprehensive evaluation of the key objectives covered throughout this course. It will challenge you to apply your knowledge of the budgeting process
Computation of book value per share and equity account for Bridgford foods in fiscal year ending
I am trying to find some healthcare management associations I may be able to join. I want to explore various healthcare professional organizations in finance, auditing, compliance,
Following information for Golden Fleece Financial
Assume that you are an external adviser of a Chinese chemical firm which produces in Korea for a market in France. The firm uses a range of inputs, crude oil and energy being amongst them.
If 2-year and 5-year Treasury notes both yield 10%, what is the difference in the maturity risk premiums (MRPs) on the two notes; that is, what is MRP5 minus MRP2?
Project A has an internal rate of return (IRR) of 15.3 percent and Project B has an IRR of 16.5 percent. Given this information, which one of the following statements is correct?
A person borrows $200 to be repaid in 8 years with 14% annually compounded interest. The loan may be repaid at the end of any earlier year with no prepayment penalty.
Ashes Divide Corporation has bonds on the market with 13 years to maturity, a YTM of 9.0 percent, and a current price of $1,296.50. The bonds make semiannual payments. What must the coupon rate be on these bonds?
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