Many corporations allow ceos to use their firm's corporate jet for personal travel. the internal revenue service (irs) requires that the firm report personal use of its corporate jet as taxable executive income, and the securities and exchange commission (sec) requires that publicly traded corporations report the value of this benefit to shareholders. a firm may use any of three valuation techniques. the irs values a ceo's personal flight at or below the price of a first-class ticket. the sec values the flight at the "incremental" cost of the flight: the additional costs to the corporation of the flight. the third alternative is the market value of chartering an aircraft. of the three methods, the first-class ticket is least expensive and the chartered flight is most expensive. what factors (such as fuel) determine the marginal explicit cost to a corporation of an executive's personal flight? explicit costs to a corporation of an executive's personal flight include.

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True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

Selected t-account balances for bloomfield company are shown below as of january 31, which reflect its accounting adjustments. the firm uses a calendar-year accounting period, but prepares monthly accounting adjustments.suppliesjan. 31 bal. 1,800 1,800 jan. 31 bal.supplies expensejan. 31 bal. 1,920 1,148 jan. 31 bal.prepaid insurancejan. 31 bal. 1,148 1,148 jan. 31 bal.insurance expensejan. 31 bal. 164 164 jan. 31 bal.wages payablejan. 31 bal. 1,400 1,400 jan. 31 bal.wages expensejan. 31 bal. 6,400 6,400 jan. 31 bal.truckjan. 31 bal. 17,376 17,376 jan. 31 bal.accumulated depreciation -truckjan. 31 bal. 5,068 5,068 jan. 31 bal.a. if the amount in supplies expense represents the january 31 adjustment for the supplies used in january, and $1,240 worth of supplies were purchased during january, what was the january 1 beginning balance of supplies? $answerb. the amount in the insurance expense account represents the adjustment made at january 31 for january insurance expense. if the original insurance premium was for one year, what was the amount of the premium, and on what date did the insurance policy start? amount of the premium $answerthe policy began on answerjune 1july 1august 1september 1october 1november 1 of the previous year.c. if we assume that no beginning balance existed in either in either wage payable or wage expense on january 1, how much cash was paid as wages during january? $answerd. if the truck has a useful life of four years (or 48 months), what is the monthly amount of depreciation expense, and how many months has bloomfield owned the truck? answermonths