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3 years ago

What criteria is used to determine the date when foreign taxes are accrued for purposes of the foreign tax credit?

1 answer:

7 0

➡️ If you choose to take the foreign tax credit, and the taxes paid or accrued✔️

➡️Use the rate of exchange in effect on the date you paid the foreign taxes to the ✔️

➡️For this purpose, withholding tax includes any tax determined on a gross basis.✔️

➡️Need to know how to qualify for Foreign Tax Credit and avoid double taxation✔️

➡️high tax foreign countries, it may be preferable to use the Foreign Tax Credit alone.✔️

➡️ and excess profits taxes paid or accrued during your tax year to any foreign ✔️

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Marigold Company’s sales budget projects unit sales of part 198Z of 10,300 units in January, 12,000 units in February, and 13,50

leonid [27]

Answer:

Production Budget Jan 10,640 Feb 12,300

Direct Materials Budget Jan 45216

Explanation:

Production Budget = Sales + Desired Ending Inventory - Opening Inventory

The ending inventory for one month is the opening inventory for the next. We calculate the ending inventory for

Jan= 20% 0f 12000 units= 2400

Feb = 20% of 13500 units= 2700

Marigold Company

Production Budget

Jan Feb March

Sales Units 10,300 12000 13500

Add Desired

Ending Inventory 2400 2700

Less Opening 2060 2400 2700

Production Budget 10,640 12,300

Direct Materials Budget = Production Budget in pounds + Direct Materials Desired Ending Inventory - Opening Inventory Direct Materials

The ending inventory for one month is the opening inventory for the next. We calculate the ending inventory for

Jan= 40% 0f 49,200 units= 19680

Dec = 40% 0f 42,560 units= 17024

Dec Ending Inv= Jan opening Inventory

Marigold Company

Direct Materials Budget

Jan Feb

Production Units 10,640 12300

Pounds per unit 4 4

Production pounds 42,560 49,200

Add Desired

Ending Inventory 19,680

Less Opening 17024 19680

Direct Materials Budget 45216

5 0

3 years ago

Discuss the principle of Acquisitions Management thoroughly. What is the most important? What do you think will become more impo

Ber [7]

Is this reading ? Can you explain the question more ???????

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3 years ago

Distinguish between the short run and the long run. In the short run, ______. In the long run, ______.

kenny6666 [7]

Answer:

B. the quantity of only one factor of production is fixed; the quantities of all factors of production can be varied

Explanation:

As in the short run a firm can have a conceptual fixed time, while the other factors are variable in amount as the foxed costs have no impacts on the short run but may tend to have an impact on the form longer run that could potentially increase the output that could be increased by increasing the number of variable costs.

Thus, in short, the form is in a monopolistically competitive market hence the quantity of at least one input is fixed.

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3 years ago

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Scilla [17]

Answer:

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Explanation:

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When practicing skills you should focus on _____________?

sesenic [268]

I believe the answer id D) all of the above.

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i really hope this helped and have a nice day :)

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