Gigi gave each of her 35 clients a birthday gift this year. Gigi spent exactly $48 on

Fantastic news! We've Found the answer you've been seeking!

Question:

Gigi gave each of her 35 clients a birthday gift this year. Gigi spent exactly $48 on each client. At Christmas, she gave the top ten clients a gift valued at $85 each. What is her allowable deduction?

a) $ 875

b) $1,680

c) $1,930

d) $2,530

Posted Date: May 18, 2024 07:10 PM

See More Questions

Hewlett-Packard announced in early 1999 the spin-off of its Agilent Technologies unit to focus on its main business of computers and printers. HP retained a controlling interest until mid-2000, when...
The following discussion took place between Erin Carr, the office manager of Panda Data Company, and a new accountant, Mark Goodell. Mar: Ive been thinking about our method of recording entries it...
The closing price of a company's stock tomorrow can be lower, higher or the same as today's closing price. After evaluating all the information available on the company's fundamentals and the...
Most costs are locked in at which stage in the production cycle? a. product design b. production planning c. production operations d. cost accounting
Oxendine Companys inventory records for the month of November reveal the following: Inventory, November 1 200 units @ $18.00 November 4, purchase 250 units @ $18.50 November 7, sale 300 units @...
A wafer fab has 6 deposition machines. The probability of a machine is not working and being "off-line" is 5%. Answer the following questions relating to the foundry. The machine is either working or...
(a) Three models namely Mean Variance Optimization, Capital Asset Pricing Model and the Arbitrage Pricing Model have underpinned asset pricing models and the theory of finance. Briefly discuss why if...
What are the types of phone numbers that companies provide for their customers to call the organization to place orders, get information, or receive service?
The following errors took place in journalizing and posting transactions. Journalize the entries to correct the errors. a. The receipt of $7,450 for services rendered was recorded as a debit to...
1.How would you communicate a positive message internally? How would the message differ when you communicate it externally? 2.How would you communicate a negative message internally? How would the...
Explain the following on Wireless Networks: Identify the benefits of wireless networks. Describe the different wireless network categories. Identify the challenges of wireless networks. Explain...
How visual ethnography research can work TOGETHER with STEM research?
The following projections have been made by Orange Traders for the period ending 31 March 2022: 1. Total sales: January February March R1 450 000 R1 875 000 R1 400 000 2. Cash sales are 42% of total...
Use the formula to determine the value of the indicated variable for the values given. Use a calculator when one is needed. When necessary, use the key on your calculator and round answers to the...
Adapt the Kremser equation to leaching with constant flow rates.
Develop procedures for single-stage and crossflow systems for leaching using a triangular diagram. Hint: Study Section 13.9.
a. Sketch possible arrangements for the piping and valves for Figure 14-6. Note that every tank needs to be able to receive fresh washwater or overflow from the next higher letter tank, except for...

Gigi gave each of her 35 clients a birthday gift this year. Gigi spent exactly $48 on

Question:

Expert Answer:

Students also viewed these accounting questions