A taxpayer who uses the automatic mileage method for the business use of an automobile can change to the actual cost method in a later year
a. True
b. False
Indicate whether the statement is true or false
True
RATIONALE: An adjustment to the basis of the automobile will have to be made for the depreciation deemed taken under the automatic mileage method.
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Using gender, age, ethnicity, and income as market segmentation variables is the application of which approach?
A) demographics B) psychographics C) geographic D) polygraphic
Which of the following is NOT true regarding the conclusion to a speech?
a. It can drive home the message of the speech. b. It is less important than the rest of the speech. c. It can break the entire speech. d. It should reiterate previous material.
Tremble Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$94Fixed costs per year: Direct labor$539,000Fixed manufacturing overhead$3,675,000Fixed selling and administrative expenses$1,350,000 The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 49,000 units and sold 45,000 units. The company's only product is sold for $233 per unit.The net operating income for the year under super-variable costing is:
A. $735,000 B. $691,000 C. $1,035,000 D. $315,000
Shelley is a waitress at one of the outlets of Bean Foods, a multinational restaurant chain. Her hourly salary is $3. She generally earns $10 as tip every month. In June, 2012, she received $40 as tip
The next month, her employer reduced her hourly wage to $2. Is the employer's action legal in the context of the Fair Labor Standards Act (FLSA)? If not, how much should Bean Foods pay Shelley?