It's often easier to re-attract ex-customers than to find new ones because the company knows their names and histories

Self-insurance is a form of retention.

a. true b. false

Baker, a sole proprietor CPA, has several clients that do business in Spain. While on a 4-week vacation in Spain, Baker took a 5-day seminar on Spanish business practices that cost $700. Baker's round-trip airfare to Spain was $600. While in Spain, Baker spent an average of $100 per day on accommodations, local travel, and other incidental expenses, for total expenses of $2,800. What amount of educational expense can Baker deduct on Form 1040, Schedule C, Profit or Loss From Business?

a. $700 b. $1,200 c. $1,800 d. $4,100