Lakiesha is an employee who drives a 2017 Buick Verano as a company car. The fair-market value of the car is $28,545. She has been given the choice to have her fringe benefit reported on her W-2 either using the lease-value rule or the cents-per mile rule. According to Publication 15-b, the lease value is $7,750. She has driven 4,500 miles for personal use and 31,250 miles in total during the
year. The car has been available for use on 200 days during the year. Lakiesha's employer pays for all fuel. What method and valuation will yield the lowest fringe-benefit amount for Lakiesha? (Do not round intermediate calculations, only round final answer to two decimal points.)
A) Lease-value, $859.01
B) Cents-per-mile, $859.01
C) Lease value, $2,407.50
D) Cents-per-mile, $2,407.50
A) Lease-value, $859.01
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____ is a measure of the sensitivity of profit changes to changes in sales volume. It measures the percentage change in profits resulting from a percentage change in sales
A) Contribution margin ratio B) Variable cost ratio C) Operating leverage D) Degree of operating leverage E) Profit ratio
Vextra Corporation is considering the purchase of new equipment costing $35,000. The projected annual cash inflow is $11,000, to be received at the end of each year. The machine has a useful life of 4 years and no salvage value. Vextra requires a 12% return on its investments. The present value of an annuity of $1 for different periods follows:Periods12%10.892921.690132.401843.0373 What is the net present value of the machine?
A. $35,000. B. $(3,100). C. $3,410. D. $(1,590). E. $(33,410).
Which of the following employers is likely to have an English-only policy upheld?
a. Hospital with surgery and trauma units b. An emergency call center c. The control room of a nuclear power plant d. All of the above
LLC, also designated as 802.2, provides which three types of frame delivery service?
A) Type X, Type Y, and Type Z B) Type alpha, type beta, and type gamma C) Type 1, Type 2, and Type 3 D) Type A, Type B, and Type C