1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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:

You might be interested in
a call option on Jupiter Motors stock with an exercise price of $75 and one-year expiration is selling at $4. A put option on Ju
bogdanovich [222]

Answer:

$75.01

Explanation:

Given:

  • Call price (C): $4
  • Put price (P): $2.5
  • risk-free rate (r): 2% = 0.02
  • Time: 1 year
  • Exercise price (K): $75

Let Share price: S_{0}

As per put-call party, we have the following equation:

  • C + Ke^{-rt} = P+S_{0}

<=> S_{0}  = C + Ke^{-rt} - P

<=> S_{0}  = 4 +  75*e^{-0.02*1} - 2.5

<=> S_{0}  = 1.5 + 73.51 = $75.01

So the the stock price is $75.01

6 0
4 years ago
Diversified Semiconductors sells perishable electronic components. Some must be shipped and stored in reusable protective contai
Dennis_Churaev [7]

Answer:

1.

a. Dr Cash $948,000

Cr Liability for refundable deposits $948,000

b. Dr Liability for refundable deposits $873,000

Cr Cash $873,000

c. Dr Liability for refundable deposits $42,750

Cr Sale of containers $42,750

d. Dr Cost of goods sold $42,750

Cr Inventory of containers $42,750

2. $655,250

Explanation:

1. Preparation of Journal entries

Based on the information given we were told that the deposits collected on containers that were shipped was the amount of $948,000 which means that the Journal entry will be:

a. Dr Cash $948,000

Cr Liability for refundable deposits $948,000

b. Based on the information given we were told that the amount of $873,000 was refunded which means that the Journal entry will be :

Dr Liability for refundable deposits $873,000

Cr Cash $873,000

c. Based on the information given we were told that the deposits forfeited were the amount of $42,750 which means that the Journal entry will be :

Dr Liability for refundable deposits $42,750

Cr Sale of containers $42,750

Dr Cost of goods sold $42,750

Cr Inventory of containers $42,750

2. Calculation to Determine the liability for refundable deposits to be reported on the December 31, 2021, balance sheet.

Liability for refundable deposits, January 1, 2021 $623,000

Add: Deposits received during 2021 $948,000

Less: Deposits returned during 2021 ($873,000)

Less:Deposits forfeited during 2021 ($42,750)

Balance, December 31, 2021 $655,250

Therefore the liability for refundable deposits to be reported on the December 31, 2021, balance sheet will be $655,250

4 0
3 years ago
January February March Sales $352,000 $379,000 $443,520 Purchases on Trade Credit $218,000 $240,000 $260,000 Cash Expenses $88,0
Salsk061 [2.6K]

Thus, the net cash inflow for the month of March is $2,108.

Data and Calculations:

                                                      January       February           March

Sales                                           $352,000      $379,000       $443,520

Cash collections:

40% month of sales                      140,800         151,600           177,408

50% a month after                                              176,000          189,500

10% two months after                                                                  35,200

Total collections                                                                      $402,108

Credit Purchases                        $218,000     $240,000       $260,000

Cash payment for purchases                          $218,000       $240,000

Cash Expenses                            $88,000        $91,000         $94,000

Taxes, interest, and dividends    $18,000       $20,000          $41,000

Capital Expenditures                  $50,000                   0          $25,000

Total cash disbursements       $156,000     $329,000       $400,000

Net cash inflow for March                                                         $2,108

Thus, the net cash inflow for the month of March is $2,108 ($402,108 - $400,000).

Learn more: brainly.com/question/20484362

8 0
3 years ago
On january1, 1994, Joan sMITH BEGAN HER BUSINESS BY INVESTING 35,000 in cash in a checking account that
BARSIC [14]

A checking account is important to keep the money for easy withdrawals through usually an Automated Teller Machine, or ATM

<h3>What is Accounting?</h3>

This refers to the record-keeping of financial records with the aim of keeping track of the finances of a business or corporation.

Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.

Read more about accounting here:
brainly.com/question/26243955

3 0
3 years ago
Which of the following statements represents information?
monitta
I think the answers b
7 0
4 years ago
Other questions:
  • What causes you to pay the prices that you do for these goods and services? What determines the price that's on the price tag? W
    8·1 answer
  • If there is a sudden influx of various technology formats for the same type of product, consumers may delay their purchase as a
    13·1 answer
  • You are depositing $4,500 today at an annual interest rate of 7.2 percent. How much additional interest will you earn if you lea
    11·1 answer
  • Franklin Minerals recently had a rights offering of 12,000 shares at an offer price of $17 a share. Isabelle is a shareholder wh
    12·1 answer
  • Which federal law allows an insurer to obtain an inspection report on a potential insured?
    5·1 answer
  • Suppose a participant in this experiment was expending $0 worth of effort in studying for each class before the experiment. Over
    6·1 answer
  • Which of the following job applicant screening devices may be used by an employer, where the employer can demonstrate that the i
    11·1 answer
  • Why should someone invest their money? To satisfy the government To make additional money To get health care To pay no taxes
    8·2 answers
  • People are willing to pay more for a diamond than for a bottle of water because a. the marginal benefit of an extra diamond far
    5·1 answer
  • Client-server architectures:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!