During the current year, ashley corporation charged the following payments to
miscellaneous expense:

travel expense of $300 for the company president to offer
voluntary testimony at the state capital against proposed
legislation regarded as unfavorable to its business
christmas gifts to 20 customers at $75 each
contribution of $600 to local political candidate

the maximum deduction that ashley can claim for these payments is
a. $800
b. $1,400
c. $1,800
d. $2,400

Vendors provide restaurants with what? o a. cooked items ob. raw materials oc. furniture od. menu recipes

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%

Fly-by products, inc. operates primarily in the united states and has several segments. for the following segment, determine whether it is a cost center, profit center, or investment center: international operations- acts as an independent segment responsible for all facets of the business outside of the united states. select one: a. cost center b. profit center c. investment center