Jeremy traveled to a neighboring state to investigate the purchase of two automobile dealerships. his expenses included travel, legal, accounting, and miscellaneous expenses. the total was $55,000. he incurred the expenses in march and april of 2017. in each of the following scenarios, what can jeremy deduct in 2017?

in your computations, round the per-month amount to the nearest dollar. if an amount is zero, enter "0".

a. jeremy was in the automobile dealership business and did not acquire the two automobile dealerships.
b. jeremy was in the automobile dealership business. he acquired the two automobile dealerships and began operating them on august 1, 2017.
c. jeremy did not acquire the two automobile dealerships and was not in the automobile dealership business.
d. jeremy acquired the two automobile dealerships but was not in the automobile dealership business when he acquired them. operations began on august 1, 2017.

Need true or false 1 2 3 4 5 6 7 8

Zachary company produces commercial gardening equipment. since production is highly automated, the company allocates its overhead costs to product lines using activity-based costing. the costs and cost drivers associated with the four overhead activity cost pools follow: activities unit level batch level product level facility level cost $ 64,800 $ 27,730 $ 15,000 $ 154,000 cost driver 2,400 labor hrs. 47 setups percentage of use 11,000 units production of 780 sets of cutting shears, one of the company’s 20 products, took 240 labor hours and 7 setups and consumed 15 percent of the product-sustaining activities. required: (a) had the company used labor hours as a company wide allocation base, how much overhead would it have allocated to the cutting shears? (b) how much overhead is allocated to the cutting shears using activity-based costing? (c) compute the overhead cost per unit for cutting shears first using activity-based costing and then using direct labor hours for allocation if 780 units are produced. if direct product costs are $150 and the product is priced at 30 percent above cost for what price would the product sell under each allocation system? (d) assuming that activity-based costing provides a more accurate estimate of cost, indicate whether the cutting shears would be over- or underpriced if direct labor hours are used as an allocation base. explain how over-or undercosting can affect vaulker's profitability. (e) comment on the validity of using the allocated facility-level cost in the pricing decision. should other costs be considered in a cost- plus pricing decision? if so, which ones? what costs would you include if you were trying to decide whether to accept a special order?

In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false