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Anna35 [415]
3 years ago
14

Mio was transferred from New York to Germany. He lived and worked in Germany for 340 days in 2020. Mio's salary for 2020 is $190

,000. Assume a 366-day year. In your computation, round any division to four decimal places before converting to a percentage. For example, 0.473938 would be rounded to 0.4739 and converted to 47.39%. If required, round your final answer to the nearest dollar. What is Mio's foreign earned income exclusion
Business
1 answer:
vfiekz [6]3 years ago
7 0

Answer:

Mio's foreign earned income exclusion is $99,960

Explanation:

The calculation of the Mio's foreign earned income exclusion is given below:

The foreign earned income exclusion limit for 2020 is $107,600

Now the foreign earned income exclusion depend on days equivalent to

=  Foreign earned income exclusion limit × (2020 days ÷ total number of days in a year)

= $107,600 × (340 days ÷ 366 days)

= $99,960

Hence, Mio's foreign earned income exclusion is $99,960

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According to Goldratt: Two activities scheduled to be carried out sequentially and using the same scarce resource benefit from h
zimovet [89]

Answer:

Two activities scheduled to be carried out in parallel and using the same scarce resource are independent.

Explanation:

An Israeli physicist named, Eliyahu M. Goldratt developed the Critical Chain Project Management (CCPM) and introduced it in his book "Critical Chain" in 1997.

The CCPM is a project management methodology used by managers to better manage a project. The CCPM ensures that the project plan is feasible and immune from any uncertainty or statistical fluctuations.

In the CCPM activity network, there are no milestones and all non-critical activities are performed as late as possible.

CCPM adopts the use of drum buffers, so as to ensure extra safety is applied to a project immediately before using constrained resource.

According to Goldratt, two activities scheduled to be carried out in parallel and using the same scarce resource are independent.

6 0
2 years ago
In August, one of the processing departments at Tsuzuki Corporation had beginning work in process inventory of $24,000 and endin
Ipatiy [6.2K]

Answer:

b. $307,000

Explanation:

Costs to be accounted in cost reconciliation report = Opening balance of work in process + Cost of production added during the month

= $24,000 + $283,000

= $307,000

Cost reconciliation report shows what costs need to be accounted for in a month and the manner in which they are actually accounted for.

It is a step in preparation of production report which shows how beginning work in process inventory and the costs which are added to production during the period are recorded.

Hence in cost reconciliation report pertaining to the month of Aug, opening work in process and costs added to production during the month are recorded.

3 0
3 years ago
WoodCore Inc. produces an entire line of office furniture at its manufacturing facility in the United States and then ships its
Lynna [10]

Answer:

WoodCore Inc. is involved in exporting.

Explanation:

Exporting is the act of producing a good in the home country, and selling the product abroad.

WoodCore Inc. is involved in exporting because, as an American company, it finishes its products in the United States, but ships a part of the production for sale in Europe.

If instead, it obtained the finished goods from Europe, and sold them in the United States, WoodCore Inc. would be involved in importing.

4 0
3 years ago
1. This question is based on the following paragraph. The sentences are numbered to help you answer the question. (1) Making ric
ladessa [460]

Answer:

(C) Chronological order

Explanation:

Since the narrative above describes a step-by-step explanation on how to make rice pudding, it is important for it to be written in a chronological order. Chronological order means arranging a list of items according to the order that it happens or should be done. If the recipe of the rice pudding is not written in chronological order, mistakes during the process of making the food would occur, and thus the text would fail to deliver the message that it is intended to.

7 0
3 years ago
Bonita Industries estimates its sales at 160000 units in the first quarter and that sales will increase by 27000 units each quar
drek231 [11]

Answer:

The correct answer is $5,228,500

Explanation:

Solution

Given that:

The second Quarter sales  = 160000 + 27000 = 187000 units

The credit sales of second quarter = (sales units*sales price) *(100%- 40%) = 187000 * $25* 60% = $2,805,000.

Now,

The units of Third quarter sales = 187000 + 27000 = 214000 units

The cash Sales of third quarter = 214000*$25 *40% = $2,140,000

Thus,

The credit sales of third quarter = 214000*$25 *60% = 3,210,000

Hence,

The cash budgeted collection for third quarter = Cash sales of third quarter + (Credit sales of Third Quarter*70%) + (Credit sales of second quarter * 30%)

= $2,140,000 + ($3,210,000*70%) + ($2,805,000*30%)

= $2,140,000 + $2,247,000 + $841,500

= $5,228,500

Therefore the cash collections for the third quarter are budgeted at $5,228,500

4 0
2 years ago
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