Hugh jeego is actively engaged in the oil business and owns numerous oil leases in the southwest. during the current year, he made several trips to inspect oil wells on the leases and to consult about future oil well to be drilled on these sites. as a result of these overnight trips, he paid the following:
a. plane fares $4,000
b. hotels 1,000
c. meals 800
d. entertaining lessees 500
of the $6,300 in expenses incurred, he can claim as deductible expenses

Technology corp. is considering a $238,160 investment in a new marketing campaign that it anticipates will provide annual cash flows of $52,000 for the next five years. the firm has a 6% cost of capital. what should the analysis indicate to the firm's managers?

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

Telecom co. enters into a two-year contract with a customer to provide wireless service (voice and data) for $40 per month. to induce customers, telecom co. provides a free phone. telecom co. normally sells the phone on a stand-alone basis for $200. telecom co. also charges the customer a one-time activation fee of $35.which of the following is true? a) there are two distinct performance obligations: the voice service and the data service b) the free phone constitutes as a marketing expense c) the activation fee is a separate performance obligationd) there are two distinct performance obligations: the wireless services and the phone