What amount can ralph deduct

Assignment Help Business Economics
Reference no: EM13506430

Ralph invited a potential client to dinner and the theatre. Ralph paid $250 for the dinner and $220 for the theatre tickets in advance. They first went to dinner and then they went to the theatre.

a. What amount can Ralph deduct if, prior to the dinner, he met with the potential client to discuss future business prospects?

b. What amount can Ralph deduct if he and the client only discussed business during the course of the dinner?

c. What amount can Ralph deduct if he and the potential client tried to discuss business during the course of the theatre performance but did not discuss business at any other time?

What amount can Ralph deduct if the potential client declined Ralph's invitation, so Ralph took his accountant to dinner and the theatre to reward his accountant for a hard day at work? At dinner, they discussed the accountant's workload and upcoming assignments.

Reference no: EM13506430

Questions Cloud

What was the frequency of the mistuned string : A violinist is tuning the A string on her violin by listening for beats when this note is played simultaneously with a tuning fork of frequency 440 Hz. What was the frequency of the mistuned A string
Should brown thumb recognize as income this year : Suppose that in addition to the basic contract, Brown Thumb will be paid an additional $3,000 if its city landscape design wins the annual designer competition next year. Should Brown Thumb accrue $3,000 revenue this year? Why or why not?
Explain the initial temperature of a 344 g sample of iron : The initial temperature of a 344 g sample of iron is 18.2 deg C. If the sample absorbs 2.25 kJof energy as heat, what is its final temperature
Who are the typical system stakeholders : Who are the typical system stakeholders
What amount can ralph deduct : What amount can Ralph deduct if he and the potential client tried to discuss business during the course of the theatre performance but did not discuss business at any other time?
Compute the ph and poh of a solution that has an h2o+ : Calculate the [H3O+] of a solution that has an [OH] of 0.000 0060M. Is the solution acidic, basic or neutral. Calculate the pH and pOH of a solution that has an H2O+ concentration of 1.3 x 10 -6M.
Federal forms and schedules for brett simons : Prepare the 2013 Form 1040 and all other required Federal forms and schedules for Brett Simons. The returns should be prepared taking the maximum tax benefit allowable into consideration.
What is each party payment and receipt at that date : Consider an interest-rate swap with these features: maturity is five years, notional principal is $100 million, payments occur every six months, the fixed-rate payer pays a rate of 9.05% and receives LIBOR.
Create a new query to list the model name : Create a new query to list the model name

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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