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2 years ago

A purely domestic firm sources its products, sells its products, and raises its funds domestically

Business

1 answer:

Yanka [14]2 years ago

3 0

Answer:

The correct answer is option D.

Explanation:

A purely domestic firm can face competition from an MNC. An MNC has the advantage of more than one sources of inputs and more than one product market. But the domestic firm also possesses an advantage of having a thorough knowledge of the local market as they have operated there unlike MNCs.

The domestic even though operating in the domestic territories may still face foreign exchange risk. This is because their competitors may be operating internationally.

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mark and shirley, married filing jointly with a modified adjusted gross income (magi) of $92,300, adopted their son, matthew in

kap26 [50]

Answer:

$14890 is the correct option because if any parent adopts a child in 2022 there is a federal adoption tax credit of up to $14,890 per child.

<h3>Claiming the Federal Adoption Tax Credit for 2022</h3>

A federal adoption tax credit of up to $14,890 per child is available for adoptions that are finalized in 2022. The adoption tax credit for 2022 is not transferable.

Parents who wish to receive the credit must:

have adopted a child who is not a stepchild - The child must be less than 18 or incapable of caring for themselves due to physical or mental impairment.

abide by the income restrictions - How much of the credit parents can claim depends on their income. Families earning less than $214,520 in modified adjusted gross income in 2022 are eligible for the full credit. People who earn between $223,410 and $263,410 can receive a partial credit; people who earn more than $263,410 cannot.

To know more about 'Adoption tax credit', visit :brainly.com/question/15410304

#SPJ4

6 0

1 year ago

If a company owns multiple lines of business in different areas such as cable TV, film entertainment, networks, and publishing,

Zepler [3.9K]

Answer: The answer is Discontinued Operation.

Explanation: Discontinued Operation in financial accounting is a term that is used to refer to part(s) of a company’s line of businesses or products that have been sold or shut down.

Discontinued operations are reported on the income statement, but separately from continuing operations.

The decision to list discontinued operations separately on the income statement is useful because it shows investors where the profits are coming from and which operations have ceased to function, especially useful when companies are about to merge.

8 0

3 years ago

A company's Cash account shows a balance of $5,600 at the end of the month. Comparing the company's Cash account with the monthl

Likurg_2 [28]

Answer:

cash 750 debit

note receivable 510 credit

NSF check 240 credit

-- to record increases of cash from reconciliation --

bank fees expense 44 debit

cash 44 credit

-- to record decreases of cash from reconciliation --

Explanation:

cash account 5,600

bank fees (44)

NSF 240

bank collected 510

adjusted cash: 6,306

We adjust based on the unknow information for the company like fees, collection and NFS found. we could also adjust for mistake but for this time, there isn't any.

5 0

3 years ago

Khaling Company sold 26,850 units last year at $15.80 each. Variable cost was $11.70, and total fixed cost was $116,440. Require

MatroZZZ [7]

Answer:

1.Operating Income (loss) (2122)

2. Break even point in units = 28126

3. Required Sales in Units=30899

Explanation:

Khaling Company

Income Statement

Sales (26,850units* $ 15.84) $ 425304

Less

Variable Costs ( $11.70* 26580 units) $ 31,0986

Contribution Margin 114,318

Less Fixed Costs $116,440

Operating Income (loss) (2122)

2. Break even point in units = Fixed Costs/ Contribution Margin Per unit

= $116,440/$ 15.84-$11.70

=$116,440/ 4.14

= 28,125.6= 28126 units

<em>We find the Contribution Margin Per unit by subtracting variable cost per unit from sales price per unit.</em>

3. Required Sales in Units = Fixed Costs + Targeted Income/ Contribution Margin Per unit

=$116,440 +$11,480 /$ 15.84-$11.70

= 127920/4.14= 30898.5= 30899 units

6 0

2 years ago

Shontelle received a gift of income-producing property with an adjusted basis of $49,000 to the donor and fair market value of $

Ugo [173]

Answer:

The recognized gain or loss is -$4000.

Explanation:

Gift property value = $49000

fair market value = $35000

realized loss = sale price - fair market value

= $31000 - $35000

= -$4000

Therefore, The recognized gain or loss is -$4000.

4 0

3 years ago