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loris [4]
3 years ago
11

Wayne was a bona fide resident of Brazil for all of 2018 and 2019. He reports his income on the cash basis. In 2018, he was paid

$88,900 for work he did in Brazil during that year. He excluded all of the $88,900 from his income in 2018. In 2019, Wayne was paid $117,300 for his work in Brazil. $18,800 was for work he did in 2018 and $98,500 was for work he did in 2019. What amount of the 2018 income received in 2019 can Wayne exclude from his 2019 income tax return
Business
1 answer:
Dmitrij [34]3 years ago
3 0

Answer:

the answer is b

Explanation:

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Rosy's Sweet Treats is a small-scale restaurant that gets its supplies from Widget Suppliers that takes legal possession of the
natali 33 [55]

Answer:  D) Cash and carry wholesaler

Explanation: Cash and carry wholesaler is function that place in the wholesale field.It differs from the regular mechanism of retail, in this sector the goods are traded from wholesale field by paying extra payment for delivery, opting self- transportation etc.

The Rosy Sweets Treat's workers visit the Widget suppliers warehouse on monthly basis because they have opted for self transportation to carry the goods from warehouse to restaurant due to less space available for keeping the goods in restaurants and meet the huge amount of merit-in sales.

Other options are incorrect because agent is someone representing on behalf of other company, broker is the individual that sells and buys items for other party and drop shippers don't keep stock items with them rather ship them .Thus, the correct option is option(D).

6 0
3 years ago
Rotonga Manufacturing Company leases a vehicle to deliver its finished products to customers. Which of the following terms corre
Anton [14]

Answer:

b.) fixed cost

Explanation:

Fixed cost is a cost which has incurred and does not varies with change in the amount of goods being produced or being sold in the market.

These are expenses are paid by the company

Fixed costs are independent of any business related activities.

Here,

the lease amount is paid once for a vehicle and the lease amount of this truck does not varies with the amount of products company produces.

3 0
3 years ago
An income statement reports the revenues earned minus expenses incurred by a business over a period of time.
Alex

Answer:

True

Explanation:

This is an income statement. Ex: Rent expenses, salaries expense, total revenues, etc.

7 0
3 years ago
Read 2 more answers
Kilala moba ako filipino ako panget mo ​
hammer [34]

Answer:

Mas pangít ka

Mas pangít ka sa daga

Kamuka mo si babalu

5 0
3 years ago
Tex's Manufacturing Company can make 100 units of a necessary component part with the following costs: Direct Materials $120,000
Thepotemich [5.8K]

Answer:

Is better to continue the production of the component as currently is taking allocated overhead from other department. Buying will inccur in a financial disadvangate of 25,000

Explanation:

<u>Make</u>

Direct cost:

DM                   120,000

DL                      25,000

VMO            <u>      45,000  </u>

Total Variable:  185,000

Tracable fixed cost: 5,000

Total cost:   190,000

<u>Buy option:</u>

purchase 190,000

unavoidable cost: (30,000 - 5,000) = 25,000

Total cost: 215,000

3 0
3 years ago
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