Answer:
Stan appears to satisfy the basic Sec. 911 exclusion requirements for his year of arrival since he will be physically present in France for at least 330 days during his year of arrival. The actual number days for which the exclusion can be claimed depends on the length of time he spent in the United States. The salary, cost-of-living allowance, housing allowance, home leave allowance, and education allowance all are excludable up to the Sec. 911 limitation (calculated on a daily basis). In addition, Stan can claim an exclusion for the housing cost amount minus the base amount (calculated on a daily basis). Both exclusions are denied for the portion of Stan's salary and allowances attributable to his time in the United States. The portion of his employment-related expenses and foreign taxes attributable to the excluded income are unable to be deducted or credited. The foreign-earned income exclusion and housing cost amount exclusion are both elected by claiming such amounts on Form 2555.
Not knowing the amount of the foreign income taxes, and other components of Stan's tax return, it is impossible to know whether Stan should elect out of the Sec. 911 exclusion. Stan may have spent sufficient number of days in the United States on his trip home to need to qualify for the foreign-earned income exclusion under the bona fide foreign resident rules. In such case, he will not qualify for the exclusion until the end of this second calendar year in France. The exclusion would then be available retroactively back to the date on which he established foreign residency status.
Explanation:
<span>If Ming is earning an annual salary of $42,000 after receiving a 5% raise from last year's salary, her previous salary would equal $39,900. Five percent of $42,000 is $2100; subtracting $2100 from $42,000 equals a $39,900 salary for Ming's previous employment year.</span>
Answer:
Certainly, they cannot prevail. The contract terms stated clearly that "time is of the essence of this contract." The Bassos and Miceli and Slonim Development Corp did not actually respect this contract term.
The contract was expected to have closed at 10:00 am on May 16, 1988, and not after. By the time that Dierberg left the venue, the contract should have been finalized. Alternatively, if there were unseen delays, Dierberg should have been informed at least 30 minutes before 10:00 am.
Explanation:
The argument by Miceli and Slonim does not hold water. The contract did require closing exactly at 10:00 AM, and not some time on May 16. In my considered opinion, suing Dierberg is a waste of court time and process.
Answer: Option (E)
Explanation:
Managerial accountant tends to analyzes and records the financial data and information by the means of interpreting, collecting, and also preparing financial data to company's or organization's management team. The information and data is further then used in order to form practical financial decisions which can further benefit the organization's overall growth.
Answer:
a) If manager weighs factors equally, the composite factor rating scores will be A = 5.6, B = 6.3, and C = 6.3 approximately. B and C are equal and better than A in terms of highest average score.
b) When double weights are assigned to business services and construction costs, the composite factor rating scores will be A = 5.9, B = 6.1, and C = 6.0 approximately. B is the best in terms of highest average score.
Explanation:
Composite Factor Rating scores are obtained by obtaining the mean or average of the scores under each location in order to give data points that can be used for making decisions.
The assignment of weights will differentiate the factors and change the decision outcome.
An excel copy is attached showing the derivations for a and b.
