Gary is a self-employed accountant who pays $2,000 for business meals. How much of a deduction can he claim for the meals and where should the deduction be claimed?
A. 50 percent, miscellaneous itemized deduction
B. 50 percent, Schedule C deduction
C. 100 percent, miscellaneous itemized deduction
D. 100 percent, Schedule C deduction
Answer: B
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Alfie and Romeo met a few months ago and, ever since, Romeo has begun to mirror the ways that Alfie carries textbooks, sits when in the library, and buys a certain beverage from the local coffee house. This mirroring is known as which of the following?
A. reciprocity effect B. redundancy effect C. acclimation effect D. go along to get along effect
A company had the following purchases and sales during its first year of operations: PurchasesSalesJanuary:10 units at $1206 unitsFebruary:20 units at $1255 unitsMay:15 units at $1309 unitsSeptember:12 units at $1358 unitsNovember:10 units at $14013 units?On December 31, there were 26 units remaining in ending inventory. Using the periodic FIFO inventory costing method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
A. $3,270. B. $3,445. C. $3,200. D. $3,405. E. $3,540.
Under a(n) _______________ strategy, waste products are considered to be an inefficient use of resources.
a. environmental cost leadership b. ecobranding c. ecoefficiency d. beyond compliance leadership
To build good customer relations:
a. do all of the talking. b. finish what you're doing before you acknowledge the customer. c. give the customer your total attention. d. accept a personal phone call while talking with a customer.