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Most of David's clients are local. However, a few of his clients require out of town travel. He incurred $2,500 of airfare, $1,570 in lodging and $1,313 in meals relating to the business trips. In addition, David paid for $630 for business dinners with several prospective clients.
David also incurred the following business expenses during 2011.Contribution to Keogh plan $8,000Premiums on medical insurance for family (spouse and children) 4,500Premiums on disability insurance policy (AFLAC) 2,400Birthday gift for unpaid intern ($35 box of chocolates and $3 gift wrap) 38
Cost - Terms Used in Cost Accounting It measures the economic sacrifice created to achieve an organizations aims. For a product, cost represents the monetary measurement of re
Bakers Bagels LLC produces and sells 20 types of bagels by the dozen. Bagels are priced at $6.00 per dozen (or $0.50 each) and cost $.020 per unit to produce. The company is consid
XYZ Inc. plans to raise $5,000,000 external financing through issuing bonds, and is considering two options: regular bonds and zero couple bonds. The regular bonds will have coupo
what is accounting treatment for material losses due to abnormal reasons
Partner A (50%) Partner B (50%) sharing profits equally New partner introduced $13,000 total cash including $3000 as goodwill which is raised to its full value. Partner C
1. Why does rent control result in a shortage of rental units. 2. How does price elasticity of demand affect how much of a tax is passed on to the consumer and how much is absor
what is the procedure of purchase of materials in large organisation?
Absorption Costing and Marginal Costing Product costs are costs identified along with goods produced or purchased for resale. That costs are initially identified like part of
Ask What is the major value of the weighted cost of capital calculation for the firm? question #Minimum 100 words accepted#
the total (ie. aggregated) cashflows in respect to operations, with details of annual cash inflows & annual outflows in respect to operations, the total (ie. aggregated) cashflo
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