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melisa1 [442]
3 years ago
6

Joan is a single individual who works for Big Petroleum, Inc. During all of 2019, she is stationed in West Africa. She pays West

African taxes of $20,000 on her Big Petroleum salary of $92,000. Her taxable income without considering her salary from Big is $36,000. How should Joan treat the salary she receives from Big Petroleum on her 2019 U.S. tax return?
Business
1 answer:
rodikova [14]3 years ago
4 0

Answer:

Answer for the question :

Joan is a single individual who works for Big Petroleum, Inc. During all of 2019, she is stationed in West Africa. She pays West African taxes of $20,000 on her Big Petroleum salary of $92,000. Her taxable income without considering her salary from Big is $36,000. How should Joan treat the salary she receives from Big Petroleum on her 2019 U.S. tax return?

is explained in attachment.

Explanation:

See attachment for detailed answer.

Download pdf
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Little Book LTD has total assets of $860 000. There are 75
malfutka [58]

a)Little book LTD earning per share is $1.118 per share.  

Explanation:

To calculate earning per share we will use following formula:

\frac{net income}{weighted average  shares outstanding}

Now to find net income we will take help of  asset turnover ratio :\frac{net sales}{total asset}

Asset turnover ratio = \frac{x}{860000}

\begin{align}\frac{x}{$86000}\end{align}1.5 × $860000 = x

x (net sales) = $1290000

Outstanding shares = 75000 shares

So Net Income  = $1290000×.065

                          = $83850

Now Earning per share = \frac{83850}{75000}

    Earning per share = $1.118

b)  Market to Book Ratio will be 1.2 for Little Book LTD.

Explanation:

Market to Book Ratio =\frac{Market Capitalization}{Total Book Value}

Market Capitalization = $ 75000× $ 12

                                    = $900000

So, Market To Book Ratio =\frac{900000}{750000}

       Market To Book Ratio = 1.2            

5 0
3 years ago
_____ deals with reporting to outsiders. _____ accounting deals with the internal operations of the firm.
tensa zangetsu [6.8K]

Answer:financial accounting, managerial accounting

Explanation:

5 0
2 years ago
Quarter-inch stainless-steel bolts, 1.5 inches long are consumed in a factory at a fairly steady rate of 50 per week. The bolts
natta225 [31]

Answer:

a.

EOQ = 2,944 units

b.

Setup cost = Numbers of Order x Ordering cost = $8.83

Holding Cost = $8.83

Explanation:

a.

Economic order quantity is the quantity at which business incur minimum cost. This is the level of order where the holding cost equals to the ordering cost of the business.

As per given data

Annual Demand = 50 per week x 52 weeks in a year = 2,600 bolts

Ordering cost = $10

Carrying cost = $0.03 x 20% = $0.006

EOQ =  \sqrt{\frac{2 X S X D}{H} }

EOQ = \sqrt{\frac{2 X 10 X 2,600}{0.006} }

EOQ = 2,943.92 = 2,944 units

b.

Setup cost = Numbers of Order x Ordering cost = (2,600 / 2,944) x $10 = $8.83

Holding Cost = (2,944 / 2) x $0.006 = $8.83

6 0
3 years ago
You are the president of Henry Motor Corp., and you see the great potential markets in Eastern Europe for personal transportatio
lina2011 [118]

Answer: A direct investment

Explanation:

A direct investment is one of the type of investment process that helps in providing the various types capital funding and purchasing the factories, machines and the organizational related tools or the equipment from the outside.

It is also known as the physical investment and it helps in exchange the various types equities without purchasing any type of company based stocks in the market.

According to the question, the Russian government basically welcome the given plan process and this is refers an example of the direct investment process. Therefore, Direct investment is the correct answer.

3 0
2 years ago
Aisletton, an electronic gadgets manufacturer, organizes its workforce into various departments based on the service the departm
skad [1K]

Answer:

product departmentalization.

Explanation:

product departmentalization is the internal process performed by a corporation of dividing its business activities up according to the type of goods or services produced. Product departmentalization typically groups tasks related to a particular product or product line under one senior manager who specializes in that aspect of the company's business.

5 0
3 years ago
Read 2 more answers
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