How much the weekend expenses may kristen deduct

Assignment Help Cost Accounting
Reference no: EM13216116

Kristen, the regional manager for a national hardware chain, is based in Atlanta. During March and April of this year, she has to replace temporarily the district manager in Jackson, Mississippi. During this period, Kristen flies to Jackson on Sunday night, spends the week at the district office, and returns home to Atlanta on Friday afternoon.The cost of returning home is $550, while the cost of spending the weekend in Jackson would have been $490.
Presuming no reimbursement by her employer, how much, if any, of these weekend expenses may Kristen deduct?

Reference no: EM13216116

Questions Cloud

State import industries are most likely to be less sensitive : What import industries are most likely to be less sensitive to changes in foreign goods due to exchange rate changes? What industries would be most sensitive?
Probability that the company will run out of units : suppose that the company currently has 180 units in stock, and it will not be receiving any further shipments from its supplier for at least 3 weeks. What is the probability that the company will run out of units?
Find the regression equation : How can we take this "chart" and use it to find the Regression Equation? What is the equation?
Explain franchise rules by not awarding free passes : As the local manager of a new entertainment business for children, you must abide by franchise rules by not awarding free passes for services for the first year. You have just received several requests of this kind. Prepare a paper to include your..
How much the weekend expenses may kristen deduct : Kristen, the regional manager for a national hardware chain, is based in Atlanta. During March and April of this year, she has to replace temporarily the district manager in Jackson, Mississippi. During this period, Kristen flies to Jackson on Sun..
Describe the concept of price escalation : Explain the concept of price escalation, and discuss two factors that could contribute to making the price of a product much higher in an international market than in the domestic market
Indicate the account to be debited and to be credited : During the year, Sereno Co. recorded prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liability accounts. At the end of its annual accounting period, the company must make three adjusting entries.
Draw the tree diagram for experiment : Draw the tree diagram for experiment and complete the table below that represents the probabilities for each of the values that the random variable X will asume.
Explain the varying types of persuasive devices : Provide at least three modern-day examples of the varying types of persuasive devices and describe which audiences respond best to which techniques. pleas cite all information and list all references or it would be considered plagiarism.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Plan journal entries to record the preceding transactions

Plan journal entries to record the preceding transactions on the assumption that the bonus method is used.

  Operating income and breakeven point in sales dollars

What level of sales do we need to breakeven assuming my product mix and what impact would this have on our operating income and breakeven point in sales dollars?

  Prepare a sales and production budget

Prepare a sales and production budget for January, February, and March, and prepare a cash receipts schedule for sales and a cash payments schedule for material purchased.

  Evaluate incorporation plan

Except the stock sale is an integral part of the incorporation plan

  What is the cumulative cash flow at the end of Quarter

What is the cumulative cash flow at the end of Quarter

  Find comparative income statements for the company

Find comparative income statements for the company similar to Exhibit 6.8 for the three different inventory costing methods of FIFO, LIFO, and weighted average.

  Evaluate managements discussion and analysis

Analyze the method of accounting used for the general fund and all other funds in existence by the government. Evaluate the reasoning for the use of the method of accounting for each of the funds as required by GAASB.

  Find the net amount that terry pays in for fica

find the net amount that Terry pays in for FICA and medicare. In one paragraph (not a full memo), please describe your answer.

  Financial statement reporting acceptable according to gaap

advertising activities can be related to products by using activity-based costing. Would allocating these activities to products for financial statement reporting be acceptable according to GAAP?

  What is the cost of materials that must be purchased

Find how many umbrellas must the company produce to meet demand and have sufficient ending inventory and evaluate what is the cost of materials that must be purchased?

  Determine the number of units that mac company

Determine which one of the alternatives Mac Company should select to achieve its annual after-tax profit objective. Be sure to support your selection with appropriate calculations.

  Evaluate what is progressive''s cost of equity

Evaluate what is Progressive's cost of equity and corporate cost of capital now and show the value of Progressive, with and without costs of financial distress, as a function of the amount of debt. Why do the lines differ in shape?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd