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Furkat [3]
2 years ago
9

Taxpayer L has income of $55,000 from Norway, which imposes a 40 percent income tax, and income of $45,000 from France, which im

poses a 30 percent income tax. L has additional taxable income from U.S. sources of $200,000 and U.S. tax liability before credits of $105,000. What is the amount of the foreign tax credit? Do not round any division in your computations. If required, round your answer to the nearest dollar.
Business
1 answer:
Tanzania [10]2 years ago
4 0

Answer:

Listen to drake

Explanation:

I just want Points

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Zibb is a transnational electronics company based in Germany. It has factories in China, Mexico, and India. The company aims to
Brrunno [24]
It’s C) The geocentric orientation

I hope this helped out, have a nice day! :)
5 0
2 years ago
Abbie Marson is the sole owner and operator of Great Plains Company. As of the end of its accounting period, December 31, Year 1
Allisa [31]

Answer:

b. $103,345

Explanation:

Assets = Liabilities + Owner's Equity

Owner's Equity (Year 1) = $908,100 - $267,845

                                       = $640,255

Owner's Equity (Year 2) = $980,279 - $233,892

                                        = $746,387

increase in Owner's Equity = Owner's Equity (Year 2) - Owner's Equity (Year 1)  

                                             = $746,387 - $640,255

                                             = $106,132

Net income during Year 2 = Increase in Owner's Equity - Additional investment + Withdrawals

                                            = $106,132 - $28,658 + $25,871

                                            = $103,345

Therefore, the amount of net income during Year 2 is $103.345.

7 0
3 years ago
Use the following information:Net sales $ 240,000Cost of goods sold 172,000Beginning inventory 53,000Ending inventory 43,000Calc
mr_godi [17]

Answer:

The inventory turnover ratio is 3.58 times

Explanation:

Inventory turnover ratio an efficiency ratio that indicates how many times a company sells and replaces its stock of goods during a particular period

Inventory turnover ratio is calculated by using following formula:

Inventory turnover ratio = Cost of Goods Sold/Average Inventory

In there:

Average Inventory = (Beginning inventory + Ending inventory)/2

In the company:

Average Inventory = ($53,000 + $43,000)/2 = $48,000

Inventory turnover = $172,000/$48,000 = 3.58 times

5 0
2 years ago
"A respondent of a survey is asked whether their most recent dining experience was excellent, good, fair, or poor. The person in
34kurt

Answer:

The correct word for the blank space is: Ordinal.

Explanation:

Ordinal data is one of the four (4) types of measurement scales that values in order of importance the rating that can be provided over a subject. However, the difference between each of the rates is not clear. Usually, this approach aims to measure <em>comfort, experience </em>or <em>satisfaction</em>.

4 0
3 years ago
When companies recruit people to promote products to friends and other contacts in exchange for free samples or other​ rewards,
barxatty [35]

Answer:

The answer is: Referral marketing

Explanation:

Referral marketing is like word of mouth marketing, but with a reward.

We are all social creatures, some more than others, and we like to tell our friends about things that might be considered interesting, new, good, etc (a little gossip). We also know by now that advertisement is usually not 100% accurate, so we don´t fully trust it. When one of our friends tells us that they tried product X and it was great, we do trust them and probably will end up buying product X.

4 0
3 years ago
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