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Vaselesa [24]
4 years ago
15

Hank is a U.S. citizen and is doing a three to six-year assignment as a sales executive in Paris for a French company, which beg

an this year. Hank earned $109,500 working for the French company this year but only lived in France for 180 days (out of 365 days). He will live full-time in France next year. What amount of Hank's $109,500 salary this year will he be allowed to exclude from gross income in the U.S. (rounded to the nearest one-hundred dollars)?
A. Hank can exclude his entire salary because he worked more than 330 days overseas
B. 102,000
C. 92,400
D. 99,200
E. None of his salary can be excluded from gross income because Hank must reside overseas for the entire year
Business
1 answer:
Maurinko [17]4 years ago
3 0

Answer:

The answer is: E) None of his salary can be excluded from gross income because Hank must reside overseas for the entire year

Explanation:

According to the IRS's Foreign Earned Income Exclusion (and Requirements) a US citizen can claim up to $105,900 (in 2019) of his gross income to be excluded from gross income in the US only if that person resided in the foreign country for at least 330 days in the last year.

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Classify the following items as issuance of stock, dividends, revenues, or expenses. Then indicate whether each item increases o
Alborosie

Answer:

1. Dividends = It will be classified as <u>dividends.</u>

2. Rent Revenue = It will be classified as <u>revenues.</u>

3. Advertising Expense = It will be classified as an<u> expense.</u>

4. Stock holders pay cash into business = It will be classified as <u>Issuance of stock.</u>

<u></u>

Dividends are the share of revenue distributed to stockholders.

Revenues are income earned by the company.

Expense are the outflow of cash or bank payments for running the business.

Issuance of stock refers to collection of money by the company through issuing equity or preference shares.

4 0
4 years ago
Henderson Co. has fixed costs of $36,000 and a contribution margin ratio of 24%. If expected sales are $200,000, what is the mar
Studentka2010 [4]

Answer:

25%

Explanation:

the margin of safety is the percent of sales which the company is above the break even point.

We solve for the break even point:

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

\frac{36,000}{0.24} = Break\: Even\: Point_{dollars}

BEP  = 150,000

We solve for the margin of safety:

$ 200,000 - $ 150,000 = $ 50,000

Now we compare against our sales:

$ 50,000 / $ 200,000 = 0.25

5 0
3 years ago
Question Content AreaKate is considering an investment in a retail shopping mall. The initial investment is $630,000. She expect
pshichka [43]

The payback period of making an investment in a retail shopping mall is 7 years.

Option A is the correct answer.

<h3>What is a payback period?</h3>

A payback period is one of the techniques of capital budgeting that tells about how much time the investment amount got recovered by the company.

Given values:

Cost of investment: $630,000

Yearly cash flows: $90,000

Computation of payback period of the retail investment:

\rm\ Payback \rm\ Period=\frac{\rm\ Cost \rm\ of \rm\ Investment}{\rm\ Yearly \rm\ Cash \rm\ flows} \\\rm\ Payback \rm\ Period=\frac{\$630,000}{\$90,000} \\\rm\ Payback \rm\ Period=7\rm\ years

Therefore, when the retail investment of $630,000 made with annual cash flows of $90,000 provides a payback period of 7 years.

Learn more about the payback period in the related link:

brainly.com/question/16255939

#SPJ1

5 0
2 years ago
The ______ approach is a management approach that advocates the idea that a manager's attitude toward employees can affect produ
padilas [110]

Answer:

Human Relations Approach

Explanation:

According to my research on studies conducted by various sociologists, I can say that based on the information provided within the question the approach being described is called the Human Relations Approach. Like mentioned in the question this approach refers to the view that the effectiveness of any organisation depends on the quality of relationships among the people working in the organisation.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
4 years ago
Large investments in old technology and incompatiblility of new and old technologies with each other are the main reasons compan
Ede4ka [16]

Answer:

Design competition

Explanation:

Competition is said to occur when there is rivalry between business organisations that offers the same product and services. This results in struggle for profit, market share growth as well as revenue achievement.

Design competition is employed by the organization who wants to have a cutting edge advantage over rival companies that produces the same product. This dine by changing production line, technology, product size and quality e.t.c.

However, various barriers hinders Design competition. For instance, large investment in old technology will make decisions to take up new technology a hard one to take.

3 0
3 years ago
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