During the year, john went from milwaukee to alaska on business. preceding a five-day business meeting, he spent four days vacationing at the beach. excluding the vacation costs, his expenses for the trip are:

air fare $3,200

lodging 900

meals 800

entertainment 600

presuming no reimbursement, deductible expenses are: ?

a. $3,200.

b. $3,900.

c. $4,800.

d. $5,500.

e. none of these.

Which of the following best describes vertical integration? a. produce goods or services previously purchasedb. develop the ability to produce products that complement the original productc. develop the ability to produce the specified good more efficiently than befored. build long term partnerships with a few supplierse. sell products to a supplier or a distributor

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.

What common business mistake can cost you everything