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zzz [600]
3 years ago
9

Santa Fe Corporation manufactured inventory in the United States and sold the inventory to customers in Mexico. Gross profit fro

m the sale of the inventory was $200,000. Title to the inventory passed FOB: shipping point. How much of the gross profit is treated as foreign source income for purposes of computing the corporation's foreign tax credit in the current year
Business
1 answer:
igomit [66]3 years ago
4 0

Answer: $0

Explanation:

None of this income should be treated as foreign source income as they are all U.S. based/ sourced income.

FOB shipping point means that the seller takes responsibility of the goods as soon as the goods are shipped. This is essentially saying that the Santa Fe Corporation should recognize the sale as soon as they ship the goods.

The goods were shipped in the United States so the sale should be recognized as having happened in the United States which means that it is a U.S. sourced income.

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Organizations tend to increase the amount of planning and control closer to the point of execution when:
Ostrovityanka [42]

Answer:

A. a mechanistic approach to organizing is used

Explanation:

The given situation represents the strategic control point. As we know that the planning and control functions are supplements. In the case when the more time is invested in the above functions at the execution point so the things are organization in a mechanist way

Therefore the first option is correct

hence, the same is to be relevant .

4 0
3 years ago
The single-step income statement emphasizes
lana [24]
I believe the answer is A
Hope this helps have a great day!
7 0
3 years ago
Welfare analysis: Basic conceptsIdentify whether each of the following statements best illustrates the concept of consumer surpl
STALIN [3.7K]

Answer:

Producer surplus

Neither

Consumer surplus

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Producer surplus is the difference between the price of the good and the least price the seller is willing to sell his product.

1. Price = $149

least price seller was willing to sell his laptop = $140.

Hence it's producer surplus.

2. Price = $59

there's no information on the least price the seller was willing to sell or the highest amount the buyer was willing to buy.

hence it's neither producer or consumer surplus

3. Price = $39

highest amount buyer was willing to buy = $46

Hence, it's consumer surplus

I hope my answer helps you

3 0
4 years ago
Mike organizes a group of students upset over the food selection in the cafeteria. He assigns times for students to stand in the
alukav5142 [94]

Answer:

interest group

Explanation:

Based on the information provided within the question it can be said that this is an example of an interest group. This term refers to group of individuals that share a common interest and because of it work in unison in order to influence the government so that they promote and protect that interest. Which in this scenario the group's main interest is on the food selection in the cafeteria, and are working together to influence the organizational entity to change it.

3 0
3 years ago
A limited partnership account is being opened at your firm. The general partner has provided the partnership tax identification
Kobotan [32]

Answer: Partnership Agreement, State Certification, Business name registration, Business bank account name opening.

Explanation:

A limited partnership is a business between two partners; one being the general partner who is accountable for all activities in the business and the other being the Limited Partner who is basically there for the money he invested in the business.

In addition to the tax identification, the Partnership agreement must be drafted so as to clearly describe the structure of the business as well as the role and rights of all partners involved.

The State Certificates which contain details of the business name, and its address as well as the names and addresses of the involved partners and agents is also required. The state would charge a fee to have this certificate registered.

Business Bank Account Name would be needed and it would be recognized as the official account where monies could be paid. An Employer Identification Number is also required if there are employees to be paid.

Business Name Registration - This registration is required when a name which is not the last name of the partners is chosen for the business.

4 0
3 years ago
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