Jimmy Owns a Trucking Business The Fines for Speeding Were a Necessary Cost Because Missing

question 83

Multiple Choice

Jimmy owns a trucking business.During the current year he incurred the following: $$\begin{array} { | l | r | } \hline \text { Gasoline and oil } & \$ 100,000 \\\hline \text { Maintenance } & \$ 15,000 \\\hline \text { Fines for speeding } & \$ 8,000 \\\hline \text { Bribes to government inspection officials } & \$ 21,000 \\\hline\end{array}$$ The fines for speeding were a necessary cost because missing deadlines would cause lost business and are ordinary in the industry.What is the total amount of deductible expenses?

• A)$115,000
• B)$123,000
• C)$108,000
• D)$144,000

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Definitions:

Multivariate

Pertaining to three or more variables, as in multivariate analyses or multivariate statistics.

Univariate

Pertaining to an analysis or representation that involves only one variable to understand its distribution or impact in isolation.

Bivariate

Pertaining to two variables, as in bivariate analysis or bivariate statistics.

Unvariate

A term likely intended as "univariate", which refers to statistical analysis that deals with only one variable at a time.