Ngwenya (Pty) Ltd incurred the following legal expense during the 2022 year of assessment ended 28 February 2022: i) R7 000 legal costs for debt collection. ii) R22 000 legal costs relating to the drawing up of an agreement to purchase a piece of land. iii) R48 000 relating to a dispute with a client of Ngwenya (Pty) Ltd who sued the company for supplying incorrect goods. Ngwenya (Pty) Ltd's lawyers were successful in defending the company on this matter. Determine the amount that is deductible by Ngwenya (Pty) Ltd relating to legal fees. a. R7 000 b. R55 000 c. R77 000 d. R29 000​

Answers

Answer 1

If the company incurred legal expense during the 2022. The amount that is deductible by Ngwenya (Pty) Ltd relating to legal fees is R29,000.

Legal expenses deductible

Using this formula

Legal expenses deductible= Legal costs for debt collection+ Legal costs relating to the drawing up of an agreement

Let plug in the formula

Legal expenses deductible=R7 000 +R22,000

Legal expenses deductible=R29,000

Therefore the amount that is deductible by Ngwenya (Pty) Ltd relating to legal fees is R29,000.

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Related Questions

Your client and her husband agreed to split the following lifetime cash gifts: Total Gifts to Son Total Gifts to Daughter 2014 $90,000 $70,000 2021 $80,000 $100,000 How much of your client's applicable credit is used by the 2021 gifts only

Answers

Based on the Unified Federal Estate and Gift Tax Rates table, the amount of your client's applicable credit used by the 2021 gifts only is D) $11,080.

What is the applicable gift tax credit?

The applicable credit allows a taxpayer to transfer a certain amount of assets during their life without incurring the gift tax.

The unified tax credit for a couple filing jointly for 2021 is $30,000.  Based on the Unified Federal Estate and Gift Tax Rates table, the applicable credit for 2021 is $11,080 ($30,000 x 36.93%).

Data and Calculations:

Year     Total Gifts to Son   Total Gifts to Daughter   Total Gifts

2014                   $90,000                          $70,000    $160,000

2021                   $80,000                        $100,000    $180,000

Applicable credit for 2021 = $30,000

Gift usage of the applicable credit = $11,080 ($30,000 x 36.93%)

Answer Options:

A) $16,320

B) $24,400

C) $58,800

D) $11,080

Thus, based on the Unified Federal Estate and Gift Tax Rates table, the amount of your client's applicable credit used by the 2021 gifts only is D) $11,080.

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Other revenues and gains $171,410 Other expenses and losses $126,060 Income from operations 186,073 Income before income tax?

Answers

Answer:

if you multiply it you can get ans

Explain the role of an Equality Officer in industrial relations

Answers

Explanation:

that the company and employees are apply by all government equal rights laws

PLEASE HELP WITH THIS DISCUSSION
Suppose you have spilled coffee on your favorite T-shirt and now you need a new one. You discover a new clothing store (Store X) across the street from an existing department store (Store Y). Both stores offer the same brands and styles of T-shirts. However, Store X offers their clothing for less. How might this event affect the demand curve for Store Y?

Answers

Answer:

Since both stores have the same styles and brands with different prices, people may start to turn to Store X. With cheaper prices in the same area as the other store with the same brands and styles is a total win for customers. This might decrease sales in Store Y which may make them run out of business. However, because store Y was there first, loyal customers might only trust this store since it hasn't let them down yet and may be afraid to switch stores. Quality over quantity plays a major role in this decision.

Hope this helped <3! Brainliest please? :)

People may start shopping at Store X since both stores have the same brands and styles but at various pricing points. This can result in Store Y's sales declining. The demand curve for store Y  shifts to the left due to the decline in demand.

What is demand curve?

A demand curve is a graph that shows the relationship between the cost of a given good and the quantity demanded  at that cost. Demand curves can be applied to the price-quantity connection for a specific consumer or for every consumer in a given market.

The relationship between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve.

If the demand lowers , the demand curve moves to the left. Less demand for the good or service results from this.

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Which of the following prints money to
be used in the U.S. market?
A. Member Banks
B. Federal Reserve Banks
C. Federal Open Market Committee
D. National Bank

Answers

Answer: The answer is C

Answer:

C. Federal Open Market Committee

Customer: "Will you delve into this problem?"
Yes, I will respond to this problem.
Yes, I will escalate this problem.
Yes, I will understand this problem.
Yes, I will research this problem.
Yes, I will ignore this problem.

Answers

Answer:

the cancer is the fourth responce

The correct option is D). Yes, I will research this problem.

What are the different ways in responding to customer complaints?

A customer is an individual who buys products or services from a store, restaurant or other retail seller. As per business definition, customer is the king of the market. Customer is the most important part of your business because without the customer, there would be no sales.

It is really important to respond to the customer's complaints and concern by providing them best and appropriate customer services. Listen to their problems very carefully and always treat all complaints positively and seriously.

Empathy and sympathy are two important terms that need to be consider appropriately while handling customer's complaints.

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In a company's first year in operation, it made an annual profit of \$379,000$379,000. The profit of the company increased at a constant 27% per year each year. How much total profit would the company make over the course of its first 16 years of operation, to the nearest whole number

Answers

The amount of total profit that the company would make over the course of its first 16 years of operation is $62,885,046.

What is future value?

The future value of the profits earned over 16 years can be computed as the first year's profit of $379,000 multiplied by the future value annuity factor at 27% for 16 years.

Alternatively, the future value can be computed using an online finance calculator as below.

Data and Calculations:

N (# of periods) = 16 years

I/Y (constant increase in profit per year) = 27%

PV (Present Value) = $0

PMT (Periodic Payment or Annual profit in the first year) = $379,000

Results:

FV = $62,885,046.22 ($6,064,000 + $56,821,046.22)

Sum of all periodic payments = $6,064,000 ($379,000 x 16)

Constant increase in profit = $56,821,046.22

Thus, the amount of total profit that the company would make over the course of its first 16 years of operation is $62,885,046.

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Based on the values of Zara, what values has Zara created for customers?

Answers

Explanation:

. Soupe à l’oignon

This is a traditional French soup made of onions and beef stock, usually served with croutons and melted cheese on top. Dating back to Roman times, this was traditionally a peasant dish although the current version dates from the 18th century. The soup’s unique flavor comes from the caramelization of the onions, which often have brandy or sherry added during the slow-cooking process. If you’re in a soup mood, why not try Marseille’s traditional soupe de poisson à la rouille. Once a fisherman’s favorite, this soup is characterized by a dollop of garlic and saffron mayonnaise placed on top.

French onion soup

Make your own

Choose a classic French onion soup recipe

Use a slow cooker

Try an authentic French-language recipe

2. Coq au vin

This quintessential French food was popularized by Julia Child, becoming one of her signature dishes. The dish sees chicken braised with wine, mushrooms, salty pork or bacon (lardons), mushrooms, onions, garlic and sometimes even a drop of brandy. Although the name translates as ‘rooster in wine’ – the braising is ideal for tougher birds – the recipe usually uses chicken or capon. The wine is typically Burgundy, although regional variations of the dish exist across France that use local wines. These include coq au vin jaune (Jura), coq au Riesling (Alsace), and coq au pourpre (Beaujolais nouveau). Believe it or not, there’s even a coq au Champagne (Champagne).

Which of these is a variable expense?
O payment for car insurance
O car payment
O rent for an apartment that has a O yearly lease
O entertainment

Answers

Answer:

Entertainment.

Explanation:

The other expenses are fixed expenses.

The variable expense among these expenses is D. entertainment.

What is a variable expense?

A variable expense is an expense that changes based on the units or the number of times it is incurred in a period.

For example, entertainment expenses can be fixed per unit, to some extent, however, the total amount is not fixed but variable.

Variable expenses can be differentiated from fixed expenses, while some expenses (semi-fixed costs) combine the elements of variable and fixed expenses.

Thus, payments for car insurance, car, and yearly rent are fixed expenses, but entertainment is a variable expense.

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Here are the project risk management processes:
1. Identify risks
2. Control risks
3. Perform quantitative risk analysis
4. Plan risk responses
5. Plan risk management
6. Perform qualitative risk analysis

Which of the following is the correct sequence for the project risk management process?

Answers

The correct sequence for the project risk management process according to the PMBOK is:

Plan risk managementPerform qualitative risk analysisIdentify risksPerform quantitative risk analysisPlan risk responsesControl risksWhat is the project risk management process?

It corresponds to methods and techniques of analysis and management of risks inherent to a project. The objective is to identify negative situations to a project based on the financial, chronological and technological forecast in advance.

Therefore, with project risk management, it is possible to adopt working methods, reducing uncertainties and optimizing the use of available capital.

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What is sampling frame?

Answers

Answer:

"The list of items from which a sample is obtained is known as the sampling frame." -Website of some kind

Explanation:

Brainliest pls?

Name any three (3) tests that Hornbill Holdings can use to assess the graduates

Answers

Three tests that can be used to assess graduates include:

Skills and knowledge psychometric tests. Ability and aptitude psychometric tests. Personality tests.

What are some tests that can be used to test graduates?

A skills and knowledge psychometric test will allow Hornbill Holdings to find out how knowledgeable a graduate is in their industry and its processes.

They can also use an ability and aptitude test to find out how adaptive the graduate is to new situations.

Personality tests can then find out if the graduate has the right type of personality for the culture at Hornbill Holdings.

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If you intend to purchase Tata Nano, describe the stages in the purchase decision process.

Answers

The basic five stages are problem recognition, information search, alternatives evaluation, purchase decision, and post-purchase evaluation.

What is a purchase?

A purchase refers to the action of buying something. Purchasing is considered an important course of action.

There are five main stages that a customer needs to undergo before making any decision either to buy a product or not.

The five stages are

Problem recognition- It is the most basic step that ensures if there is a need for purchase.Information search- The next step is to search the information related to the Tata NanoAlternatives evaluation- It helps in evaluating the choices available for the product. Other options for cars are taken into consideration.Purchase decision- After evaluation, a consumer may decide between buying Tata Nano. This decision depends upon the feedback of other people. Post-purchase evaluation- After purchasing, it may lead to brand loyalty if the customer is satisfied with the purchase.

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E9-14 (Algo) Computing and Reporting the Acquisition and Amortization of Three Different Intangible Assets [LO 9-6] Bluestone Company had three intangible assets at the end of the current year: A patent purchased this year from Miller Company on January 1 for a cash cost of $3,200. When purchased, the patent had an estimated life of 8 years. A trademark was registered with the federal government for $6,000. Management estimated that the trademark could be worth as much as $160,000 because it has an indefinite life. Computer licensing rights were purchased this year on January 1 for $66,000. The rights are expected to have a six-year useful life to the company. Required: Compute the acquisition cost of each intangible asset. Compute the amortization of each intangible for the current year ended December 31. Show how these assets and any related expenses should be reported on the balance sheet and income statement for the current year

Answers

a) The computation of the acquisition cost of each intangible asset for  Bluestone Company is as follows:

Acquisition Costs:Patent = $3,200Trademark cost = $6,000Computer licensing rights purchased = $66,000

b) The computation of the amortization of each intangible asset for  Bluestone Company is as follows:

Amortization Expense for the current year

Patent = $400 ($3,200/8)Trademark cost = $0Computer licensing rights purchased = $11,000 ($66,000/6)

c) The way that these intangible assets and their related expenses should be reported on the balance sheet and income statement for the current year ended December 31, for Bluestone Company, is as follows:

Bluestone Company

Balance Sheet

As of the Current Year ended on December 31

Intangible Assets:

Patent                                       $3,200

Less Amortization Expense       $400       $2,800

Trademark cost                                          $6,000

Computer licensing rights  $66,000

Less Amortization Expense $11,000     $55,000

Bluestone Company

Income Statement

For the Current Year ended on December 31

Amortization Expenses:

Patent           $400

Computer licensing rights $11,000

Data and Calculations:

January 1 Purchase of Patent = $3,200

Estimated useful life = 8 years

Trademark cost = $6,000

Trademark value = $160,000

Estimated useful life = Indefinite

No amortization expense but an annual reassessment of its value

Computer licensing rights purchased = $66,000

Estimated useful life = 6 years

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Which benefit is the result of specialization?
Oincreased efficiency
O control of the business cycle
O development of new markets
O incentive to work harder

Answers

Answer:

The Answer is D

Explanation:

Answer:

Which benefit is the result of specialization? increased efficiency

this was correct for this question took the test

Explanation:

took the test

Which benefit is the result of competition?  Incentive to work harder

With a savings and investment program designed for retirement, you can _?_. Choose all that apply. (personal finance class)

prepare for those emergency expenditures
primarily help your friends and family in time of need
ensure that you will be better prepared for your retirement years
none of the above

Answers

The savings and investment program that is designed for retirement can be used to:

prepare for those emergency expenditures primarily help your friends and family in time of need.ensure that you will be better prepared for your retirement years.

What is an investment?

It should be noted that an investment simply means the dedication of asset in order to attain an increase in value for a period of time.

In this case, the investment van be used to prepare for those emergency expenditures, primarily help your friends and family in time of need and ensure that you will be better prepared for your retirement years.

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Which is a type of insurance to avoid?
O Identity theft insurance
O Disability insurance
O Long-term care insurance
O Mortgage insurance

Answers

Answer:Identity theft insurance

Explanation:

What is semiannually?

Answers

Answer:

occurring twice a year; half yearly

Explanation:

ok so basically

semi: partly

annually: yearly

essentially, semiannually means it only happens part of the year.

I feel like I just went in circles, but I'm not sure how else to explain it! let me know if you need another explanation

Is the time interval or frequency of an event occurring every six months twice a year or semi annually

What do intentional torts, negligence, and strict liability have in common?
O A. They involve injury to a person or property.
B. They demonstrate a breach of duty.
C. They show that a product is flawed.
D. They show that the defendant was at fault.

Answers

Answer:

A

Explanation:

just took it

You work for a Public Relations Consultancy that has been approached by the German company DHL to assist with their Public Relations activities in Southern Africa.



1.1 Discuss any four (4) advantages for why DHL would make use of a local South African consultancy instead of their own PR department to help promote their new Veldskoen shoe collection.

Answers

The advantages for why DHL would make use of a local South African consultancy instead of their own PR department to help promote their new Veldskoen shoe collection is because:

The Local consultancy know more and can access a wider range  of talent pool in regards to the collectionThey will also have higher range of Experience as they are locally inclined and know more about the needs of the people there.It will help give a Fresh Perspectives to the product that is been introduce into the S.A. marketThere will be no  Language Barriers when communicating the product to the people.It will help tp Uncomplicate some processes that may arise due to the use of Foreign PR.

What does it mean to work local consultancy ?

When you work with a local consultancy, it means that you are using the local police, or firm to aid the sales of your product or services.

Note that the use of , local consultancy will help get your product faster to the people as they know more about the market than foreign PR department.

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what is the definition of REO

Answers

Answer:

Real estate owned

Explanation:

It is property owned by a lender, such as a bank, that has not been successfully sold at a foreclosure auction.

Answer:

REO stands for real estate owned

Explanation:

Real estate owned, a property owned by a lender because it failed to sell in a foreclosure auction after the borrower defaulted on their mortgage.

How the concept of ‘price elasticity of demand’ is of relevance to managers in determining their pricing strategies.

Answers

Answer:

Price elasticity of demand is a term that is used to describe the relationship between price and demand, and how changes in one will affect the other. Consumer demand for all products will respond differently to price changes, and this is true for all products. As a result, understanding those distinctions is critical when making critical pricing decisions.

I hope this helps you

:)

The variations in demand for a product with respect to its corresponding price can be described by the price elasticity of demand. It is of great importance to the managers in this concept that demand and price behave differently.

What are market factors?

Market factors are the factors that affect an economy of a country. They can be the fluctuations in the demand and supply of a product.

Price elasticity of demand is the economics concept that depicts the behavior of demand with respect to its price. As the demand and price respond differently, means, that if the price of a product increases, then the demand goes to fall down whereas if the price of a product falls down, then the demand increases. This variation has to be analyzed by the managers before making any pricing strategy.

Therefore, studying the concept of price elasticity of demand by managers is of essential importance.

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As a member of the
organization, you'll have two goals: build
your real-world business skills and develop your problem-solving abilities.
w
National Honor Society
Kiwanis Key Club
DECA
Business Professionals of America

Answers

As a member of the Business Professionals, you'll have to build your real-world business skills and develop your problem-solving abilities.

What is a Social Club?

This refers to the gathering of like minds who are together to achieve a set target or goal which is in line with their value system.

Hence, we can see that Business Professionals of America is an example of a social club who trains its members to build real-world business skills and develop their problem-solving abilities.

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Question 4 (2 points)
Burnell organized his gift shop, Ebony Artifacts, as a corporation. He created 500
shares of stock, each worth $100. Burnell held 360 of the shares for himself. He sold
the rest in equal amounts to seven investors. How many shares does each investor
own?

Answers

Answer:

Each investor has 20 shares (worth $2,000.)

Explanation:

Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $0.75 coming 3 years from today. The dividend should grow rapidly - at a rate of 49% per year - during Years 4 and 5, but after Year 5, growth should be a constant 10% per year. If the required return on Computech is 18%, what is the value of the stock today? Do not round intermediate calculations. Round your answer to the nearest cent.

Answers

If the required return on Computech is 18% the value of the stock in today's calculation is $11.77

What is the growth rate of a stock?

This is the percentage change of the stock based on the annualized growth rate over a period of time.

D3 = $0.75

D4 = 0.75 x 1.49 = $1.1175

D5 = 1.1175 x 1.49 = $1.665075

D6 = $1.665075 x 1.10 = $1.8315825

At a growth rate of 10 percent

[tex]\frac{D6}{R-G}[/tex]

1.8315825/0.18-0.10

= $[tex]\frac{0.75}{1.18^3} +\frac{1.1175}{1.18^4} +\frac{1.665075}{1.18^5} +\frac{22.89478125}{1.18^5} \\[/tex]

= 0.456473 + 0.576394 + 0.7278196 + 10.0075198

= $11.77

The value of this stock today is  $11.77

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When a corporation issues bonds, the price that investors are willing to pay for the bonds depends on all of the following EXCEPT

the periodic interest to be paid on the bonds.
the call price of the bonds.
the face amount of the bonds.
the market rate of interest.

Answers

B. The call price of the bonds

When a corporation issues bonds, the price that investors are willing to pay for the bonds depends on all the following except the call price of the bonds. Thus, option second is correct.

What is bonds?

A bond is a debt made by an investor to a borrower, such as a corporation or the government. The borrower utilizes the funds to support company activities, while the investor earns interest on his or her investment. A bond's market value might fluctuate over time.

Supply and demand, time to maturity, and credit quality are the three key effects on bond price on the open market. Bonds with lower prices have greater yields. Investors should also be mindful of how a call feature affects bond pricing.

The call price (sometimes known as the "redemption price") is the price at which an issuer has the right to purchase back a callable instrument from an investor or creditor. Call prices are frequently seen in callable bonds or callable preferred stock. Hence, option second is correct.

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A. Al Manara Company sells its single product for $ 30 per unit . The contribution margin ratio is 45%; and fixed costs are $ 10,000 per month. Required If Al Manara sells 1,000 units in the current month, what would Al Manara’s variable expenses be?

Answers

Answer:

Al Manara Company sells its single product for $ 30 per unit. The contribution margin ratio is 45%; and fixed costs are $ 10,000 per month Required If Al 

Explanation:

Question 2: Imagine you are a systems analyst trying to understand the bookstore system in
the college. This is system is needed to allow students to order books online for the courses
they are enrolled in. It is used by students and a number of staff (e.g. bookstore manager,
а
bookstore staff, and faculty members). The IT experts provides support to staff and students.
Draw a Rich Picture with a focus on exploring issues related to the bookstore system in the
college. Ask your classmates about their feelings to get multiple perspectives in play (3%).

Answers

One important issue that can emerge in this system is lack of accurate data or problems when registering the information in the system.

What does this system require?

In this system, it is important data is correctly registered. This includes:

The number of units available for each book.The delivery information of each student.The prices and payment information for each book.

What problems can this system have?

Considering this system is mainly an information system, the main problem would be that data is not correctly registered. For example:

The system shows there are 20 books available but there are only 10 books available.The system mixes up the delivery information of students.The system does not register correctly the payment information

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What is brainly and who started the company ?

Answers

Answer:

good luck to your modules

When the price level in the United States rises relative to the price level of other countries, __________will rise, ________ will fall, and ________ will fall.

Answers

When the price level in the United States rises relative to the price level of other countries, imports will rise, exports will fall, and net exports will fall.

Effect of Relative Price Level on Exports and Imports

Imports would increase if the US price level falls relative to other countries' pricing because imported items became cheaper.

Exports in the United States would decrease if the price of goods in the United States increases relative to other countries.

Because import would surpass export, net export which is export minus import would fall.

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Which sentence states a fact? A. The 1969 spaghetti western Once Upon a Time in the West is director Sergio Leone's worst movie. B. Ennio Morricone composed the music for the 1969 spaghetti western Once Upon a Time in the West. Help I am soooooo confuse! can someone please help me with this??? You need a new mat to place under your dogs water bowl. The mat has a diameter of 24 inches and the water bowl has a diameter of 8 inches. What is the approximate space of the mat not covered by the water bowl? Help And thx ................................... MATH When it comes to womens clothing, most models wear a very small size, like a 2. But the average American woman is a size 14. How does this difference contribute to body image perceptions? A. Women are going to be confused because they will imagine that they should look just like models.b. As long as women understand that they are not supposed to look like models, there is really not an issue. c. Manufacturers are not aware of this difference, so they rarely make clothing in sizes that accommodate average women. d. Most women will not look like models in the same clothes, so they think there is something wrong with their bodies. what is the simplified form of the polynomial expression shown -3x^2(x-y^2)-(y^3-5)-3y^2(x^2-4y)+4x^3 Help me answer this please:) Jane is participating in acharity run. For each 5 milesshe runs, she will raise $30. A rectangle has a length of 10 cm and a width of 7 cm. What is its perimeter?44 cm70 cm34 cm17 cm The rationing system allowed Americans to buy anything they wanted.Question 5 options: True False PLEASE HELP ME FAST What number should both sides of the following equation be multiplied by to solve for g?G/2=46824 if we know f(x), what would you do to find f(x+2) Select the best answer to the question: Pourquoi est-ce que Claire joue aux dames avec Paul?a. Elle en joue avec lui parce qu'elle aime gagner.b. Elle en joue parce qu'elle dteste les dames.c. Il en joue parce qu'il est trs grand.d. Elle y joue avec lui parce qu'elle aime gagner. Write a paragraph in preterite and present form about what you did in the summer and what you generally do in the summer (in Spanish) at least 4 sentences. (I suck at Spanish so someone please help.) Find each value. (1.2) to the power of 3, (1/4) to the power of 4, (2) to the power of 6, 2 to the power of 6. *PUZZLE*Rules:1: Put the number in the circle such that the sum of each line should be the same.2: All numbers must be used.3: All numbers use once Numbers: 1, 2, 3, 4, 5, 7, 8, 9 Hint: The answer should be between 15- 25 Compare and contrast floods and tsunamis. Write an equation in point-slope form for the line that passes through the points (f, g) and (h,j). A basket contains 40 mangoes out of which 8 are rotten. Find the percentage of the mangoes that are in good condition