Answer:
1. 16
2. 6
Explanation:
1. There are 4 sources that can ship to 4 different destinations. Each of the 4 can ship to any of the 4 destinations which means that the number of shipping lanes is;
= 4 * 4
= 16
2. There are 3 sources which means the fixed requirement for sources is 3. There are 3 destinations which means the fixed requirement for destinations is 3.
The total fixed requirements are;
= 3 + 3
= 6
Answer:
D) $7,200 current-year deduction; $300 carryover
Explanation:
Remsco's total modified taxable income for the year = $60,000 (net income) + $12,000 (dividends received deductions) = $72,000
Corporations can deduct charitable contributions up to 10% of their total modified taxable income for the year:
$72,000 x 10% = $7,200
since the contributions made during this year exceeded the limit by $300, that will be the amount of the carryover for future years.
* Modified taxable income is the taxable income determined without regard to any base erosion tax benefit, i.e. total taxable income including any deductions made like DRD
Answer:
Date Account Title Debit Credit
January 31 Work in Process $540
Factory Overhead $540
Explanation:
Overhead is applies by linking it to direct labor.
Overhead is $20,000 when Direct labor is $100,000.
= 20,000 / 100,000
= 20%
The overhead for this job must therefore be:
= 20% * 2,700
= $540
