Under the substantial presence test formula, Andrea is deemed physically present in the United States for 183 days in 2023.
This is calculated by adding the 150 days of physical presence in 2023 to the 1/3 of the 120 days physical presence in 2022, plus 1/6 of the 90 days of physical presence in 2021 (which is 40 days).
Therefore, the total is calculated as: 150 + (1/3 * 120) + (1/6 * 90) = 183 days.
Physical Presence refers to the precise period during which the parent was physically present in the country. This implies that any trips outside of the country, even vacations, should be avoided.
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The correct answer would be option D, Markets tend to move towards equilibrium as individuals respond to incentives.
As a result, you and many other college students decide to major in engineering. This illustrates the principle of Equilibrium as individuals respond to incentives.
Explanation:
When supply and demand in an economy balances in the market keeping all other factors constant, then this situation is called as Market Equilibrium. With the change in these factors of the economy, the market equilibrium also changes, and there might be no equilibrium depending upon them at some point of time.
So when students see that there is a demand of engineering in the economy and music graduates are having difficulty in getting jobs due to more supply of music graduates, students move towards the engineering field in order to achieve the market equilibrium as they want to get jobs as an incentive.
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Answer:
Return on Assets = 159.52%
Profit Margin = 11.75%
Asset Turnover Ratio = 1.36 times
Explanation:
The computation of return on assets, profit margin, and asset turnover ratios is shown below:-
a. Return on assets
Average Total Assets = Assets in the beginning + Assets at the end ÷ 2
= ($80 million + $88 million) ÷ 2
= $168 ÷ 2
= $84 million
Return on Assets = Annual Net Income ÷ Average Total assets
= $13.4 million ÷ $84 million
= $159.52 million
b. Profit Margin
Profit Margin = Net Income ÷ Net Sales
= $13.4 million ÷ $114 million
= 11.75%
c. Assets turnover ratio
Average Total Assets = Assets in the beginning + Assets at the end ÷ 2
= ($80 million + $88 million) ÷ 2
= $168 ÷ 2
= $84 million
Asset Turnover Ratio = Net Sales ÷ Average Total assets
= $114 million ÷ $84 million
= 1.36 times
Answer:
The correct answer is D.John is considered as an exempt employee.
Explanation:
Some employees are exempt from overtime pay provisions, even when they are covered by other FLSA provisions. Although the actual determination of the exempt and non-exempt status is complex, exempt employees usually meet three tests: payments greater than US $ 455 per week, receive a salary instead of an hourly rate and perform a job in an exempt category listed by the US Department of Labor. Exempt categories include supervisors, managers, professional services and some administrative jobs.
Answer:
($149,800)
Explanation:
The computation is shown below:
In case of making cost, the total cost is
= (Total number of units made × Direct material per unit + Direct labor per unit + Variable manufacturing overhead per unit + Supervisor salary per unit )+ Allocated general overhead
= (12,000 units × $6.30 + $5.70 + $4.80 + $7) + $17,000
= 12,000 units × $23.8 + $17,000
= $302,600
And, the buying cost is
= 12,000 units × $37.70
= $452,400
so the financial disadvantage is
= $302,600 - $452,400
= ($149,800)
