Ronald is a cash method taxpayer who made the following expenditures this year. which expenditure is completely deductible in this period as a business expense?

a. $4,000 for rent on his office that covers the next 24 months.
b. $3,000 for a new watch for the mayor to keep "good relations" with the city hall.
c. $2,500 for professional hockey tickets distributed to a customer to generate "goodwill" for his business.
d. $55 to collect an account receivable from a customer who has failed to pay for services rendered.
e. none of these is completely deductible.

Which of the following are considered needs? check all that apply

Match the given situations to the type of risks that a business may face while taking credit. 1. beta ltd. had taken a loan from a bank for a period of 15 years, but its sales are gradually showing a decline. 2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any research before making this decision. 3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession. 4. delphi ltd. has taken a short-term loan from the bank, but its supply chain logistics are not in place. a. foreign exchange risk b. operational risk c. term of loan risk d. revenue projections risk

Frolic corporation has budgeted sales and production over the next quarter as follows. the company has 4100 units of product on hand at july 1. 10% of the next months sales in units should be on hand at the end of each month. october sales are expected to be 72000 units. budgeted sales for september would be: july august september sales in units 41,500 53,500 ? production in units 45,700 53,800 58,150