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
Alexus [3.1K]
2 years ago
12

Klaus, a German citizen and non-resident for US tax purposes, owns a small business in New York City that imports and sells acce

ssories for various German-manufactured automobiles. Once a month, the business pays its net profits back to Klaus in Germany. The income from this business will be classified as:____.
a. effectively connected income.
b. fixed and determinable.
c. annual or periodic income.
Business
1 answer:
Luden [163]2 years ago
5 0
The answer is (a.) effectively connected income
You might be interested in
Carroll Corporation has two products, Q and P. During June, the company's net operating income was $25,000, and the common fixed
Firlakuza [10]

Answer:

Option (d) is correct.

Explanation:

Total Segment Margin = Net Operating Income + common fixed expenses

                                       = $ 25,000 + $ 37,000

                                       = $ 62,000

Total Segment Margin = Segment Margin of Q + Segment Margin of P

$ 62,000 = $ 21,000 + Segment Margin of P

or Segment Margin of P = $ 62,000 - $ 21,000

                                         = $ 41,000

4 0
3 years ago
Which of the following best explains what a career in public planning is like?
sweet [91]

Answer: C I believe

6 0
2 years ago
Which of the following is not an example of safeguarding inventory? a.physical devices such as two-way mirrors, cameras, and ala
Talja [164]

Answer: The Option "d.returning inventory that is defective or broken" is NOT an example of safeguarding inventory.

Explanation: If we analyze the statements:

a.physical devices such as two-way mirrors, cameras, and alarms - These are all tools intended for protection against possible inventory theft.

b.storing inventory in restricted areas - Restricting access only to inventory-enabled personnel is able to protect the inventory much more than if anyone can access it.

c.matching receiving documents, purchase orders, and vendor's invoice - Controlling each of the purchase documents and performing the physical count reduces the possibilities of inventory differences for losses or errors.

d.returning inventory that is defective or broken - Returning the defective inventory is a post-echo action that occurred due to the unprotection of the inventory, therefore it could not be referred to as an example of inventory protection.

3 0
3 years ago
The contrast error is committed when the rates rate people:
serious [3.7K]

Answer:

d) relative to others instead of against performance standards.

Explanation:

Contrast error is one that occurs during performance rating where a person is not rated objectively, but against previous people who performed good or badly.

The person's ratings is affected negatively or positively.

A person that performs well subconsciously sets a benchmark in the mind of the rater, and he now rates future participants based on this benchmark and not on performance standards that have been set.

5 0
2 years ago
The Morrit Corporation has $1,080,000 of debt outstanding, and it pays an interest rate of 11% annually. Morrit's annual sales a
alukav5142 [94]

Answer:

3.020

Explanation:

Morrit Corporation

interest amount = $1,080,000*.11 = $118,800

Net profit = 3% *$6,000,000= $180,000

Net profit + tax = profit before tax =

180000/.75 = 240000

Profit before tax + Interest = Earning before interest and tax

= $240,000+$118,800 = $358,800

TIE ratio= EBIT/Interest = $358,800/118,800

= 3.020

Therefore the TIE ratio is 3.020

7 0
3 years ago
Other questions:
  • Marilyn​, a medical ​student, buys two cups of coffee a​ day, which costs her ​$5.00. She decides to buy one more cup each day a
    10·1 answer
  • An opportunity cost may be described as:
    6·1 answer
  • Suppose the demand function​ (D) for golf clubs​ is: Qequals=180180minus−0.500.50​P, where P is the price paid by consumers in d
    10·1 answer
  • One of the causes of the financial crisis of 2008 was the connectedness of financial institutions, where financial assets for on
    12·1 answer
  • Which statement best describes capitalism
    15·1 answer
  • Al Darby wants to withdraw $20100 (including principal) from an investment fund at the end of each year for five years. How shou
    13·1 answer
  • Because of the identity equation that relates to net exports, the in U.S. net exports is matched by in U.S. net capital outflow.
    15·1 answer
  • Critical analysis Q8 When actual output exceeds an economy’s full-employment output, how will the self-correcting mechanism dire
    15·1 answer
  • The people in an economy have $10 million in money. There is only one bank that all the people deposit their money in and it hol
    6·1 answer
  • Role o vision, mission,and objectives in entreprenial development in Nigeria businesses? Pls describe
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!