Foreign sales corporation in a foreign country or United States possession that can claim a corporate tax exemption on a portion of the earnings earned by the sale or lease of export property.
A foreign sales company (FSC) is a defunct provision in the federal income tax code of the United States that provided for a tax reduction on revenue derived from the sale of exported goods. To sell exported goods, the code requires the use of an existing subsidiary business in a foreign country.
A foreign sales corporation (FSC) would be founded by a US exporter to take advantage of certain federal and income tax exemptions in the US. An FSC had to meet a number of requirements, the most essential of which was that the foreign subsidiary of a US corporation had to keep its offices and books in a country that had an agreement with the US for information exchange.
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don was temporarily dismissed from his company because sales are slow. when the situation improves at the company, he will likely be brought back as an employee. this is an example of being .
Don was briefly fired from his company due to low sales. He'll probably be brought back as an employee when things at the business become better is an example of being Laid off
Don was briefly fired from his company due to low sales. He'll probably be brought back as an employee when things at the business become better. An illustration of existence is this.
Someone who is paid to work for a person or business is called an employee. Workers only need to be paid by an employer in order to be deemed employees; they do not need to work full-time (the person or business that pays them).
An example to use as a comparison.
A visual aid that clarifies or accentuates a point is referred to as a diagram or picture.
B: a concrete illustration or illustration that clarifies a point.
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galveston machinery produces large quantities of its component parts for the oil and gas industry in galveston, texas. the company then ships the parts to its customers worldwide. the savings from producing in one location more than offset the added cost of transporting the parts to customers. this is an example of .
The expense of shipping the parts to customers is more than covered by the savings from producing in a single location. Economies of scale are demonstrated here.
What elements should be taken into account when physically distributing goods?The physical distribution considers a number of sales channels, including wholesale and retail, and it addresses critical areas for making decisions, such as customer service, inventory, materials, packaging, order processing, logistics, and transportation.
Which modes of transportation transports more freight across the country?Trucks transported 69.1% of the value of the freight, followed by rail (14.4%), vessels (9.5%), air (3%) and pipeline (0.7%). 84.1% of the value was transported by truck, rail, and pipeline combined on the surface.
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20) which of the following events will cause a reduction in equilibrium output? a) an increase in the marginal propensity to save b) an increase in taxes c) a reduction in the marginal propensity to consume d) all of the above e) none of the above
The following event that will cause a reduction in equilibrium output is D. all of the above. The equilibrium output can be defined as the point where planned aggregate expenditure is equal to national income (output).
Economic equilibrium can be defined as a condition or state in which economic forces are balanced. There are 3 types of equilibrium in economics, such as:
Equilibrium price, that can be defined as the price at which quantity supplied equals quantity demanded.Competitive equilibrium, that can be defined as a condition when all buyers and sellers are small relative to the market.Economic equilibrium, that can be defined as a condition in economics.Learn more about equilibrium output here https://brainly.com/question/12125724
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which of the following is not an example of intraindustry trade? a. trading jeeps for toyotas b. trading boeing airplanes for airbus airplanes c. trading bush beer for heineken beer d. trading oil for trucks
This is not an example of intra-industry trade - Trading Oil for Trucks.
What is intra-industry trade?
The trading of comparable goods from the same industry is referred to as intra-industry trade. The phrase is typically used in reference to global trade, in which the same goods or services both are imported and exported. In Nigel Grimwade's opinion, "The framework of classical as well as neo-classical trade theory cannot provide an explanation. The latter foresees only trade and inter-industry specialisation". This is not the case, though. The Heckscher-Ohlin and David Ricardo models, which tried to describe the incidence of international trade, established this same traditional model of trade. Both models included a justification for international trade as well as the concept of comparative advantage.
Here, the term "intra industry trade" refers to the exchange of similar products within the same industry; the majority of these products are imported and exported.
Therefore, the correct option is (D) trading oil for trucks
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capabilities that lead to competitive advantage must be group of answer choices valuable, rare, and hard to copy. fairly substitutable. valuable, rare, and easy to copy. none of the above
Capabilities that lead to competitive advantage must be Valuable, rare, and hard to copy.
A competitive advantage can be described as a benefit that you have over your rivals because of a unique quality that you posses and your rivals lack.
In the field of business, having a competitive edge can be extremely beneficial. However, a competitive edge should be valuable and effective in your production outgrowth. It should also be hard to copy so that others cannot make it in a small time frame and give you competition over it. It should also be rare so opponents cannot find it.
A competitive edge should have the ability to provide benefits for you that otherwise would not have been possible.
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ace electronics signed a 10-year, $100,000, 4% note payable on january 1. when the note is signed, ace should record a liability of . multiple choice question. $104,000 $100,000 $140,000 $1,000,000
Ace electronics should record a liability of $100,000. Thus, option second is correct.
What is Liability?Liabilities are any obligations owed by the organization, such as borrowed funds, mortgages, unpaid payments, Promissory notes, or any other quantity of money owed to another person.
The obligation is must be recorded at the face amount when a note is signed. Because no interest was accumulated prior to the date of signing, the complete note value will be recognized as liability.
Therefore, it can be concluded that option second is correct.
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raquel is the new restaurant manager in a major hotel. when considering which changes would most likely increase the restaurant's value to customers, raquel should provide her customers the menu items that they want and the quality service that they deserve, as well as,
Since Raquel need to provide her customers the menu items that they want and the quality service that they deserve, as well as option A: improve products and services at the same cost.
Why is it important to set a good price for a product or service?To remain competitive in marketplaces under rising volume and price pressure, the proper pricing strategy is crucial. It gives you the compensation you are due for the goods and services you provide and ensures the earnings you need to make investments in change and expansion.
Note that Consistently exceeding clients' expectations is what constitutes good customer service. Excellent customer service is prompt, simple, individualized, and sympathetic. Businesses that provide excellent customer service invest the time necessary to comprehend the needs of their specific clientele.
Therefore, How well a service meets a customer's expectations is a measure of service quality. Discover the meaning of service quality and its components, which include concrete elements, dependability, and others.
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See full question below
raquel is the new restaurant manager in a major hotel. when considering which changes would most likely increase the restaurant's value to customers, raquel should provide her customers the menu items that they want and the quality service that they deserve, as well as,
A. improve products and services at the same cost.
B. increase prices to increase revenue.
C. offset higher hotel rates with lower restaurant prices.
D. reduce customer expectations through reduced service.
E. lower the quality and the price.
bianca, a minor, enters into a contract to buy two all-season passes from chalet ski park. the contract will be made enforceable if, after reaching the age of majority, bianca
The contract will be made enforceable if, after reaching the age of majority, Bianca ratifies it. Thus, option D is correct.
What is the contract?A contract is described as an agreement, whether written or oral, among two or more parties that are regarded as legally binding. It is a document that is used to enforce a promise that has been made.
As the contract with the minor is termed void. So, she at that point did not enter into any contract. But in later times after achieving a certain age it will be enforceable.
If Bianca ratifies the Agreement after having reached the Age of Majority, the Agreement shall become enforceable.
Therefore, option D is the correct option.
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The question is incomplete, the complete question will be:
a.
disaffirms it.
b.
voids it.
c.
nullifies it.
d.
ratifies it.
in march 1933, congress established the federal government as a direct employer of the unemployed when it authorized the hiring of young men to work on projects to improve national parks, forests, and flood control, through what was called
In March 1933, Congress established the federal government as a direct employer of the unemployed through what was called the Civilian Conservation Corps.
The Civilian Conservation Corps was a volunteer government work relief program that ran in the United States from 1933 to 1942 for unemployed, unmarried men ages 18-25, later expanding to ages 17-28. Following the death of Robert Fechner, James McEntee took over as director of this agency.
The Corps really wasn't able to plan financially with any certainty, living essentially hand to mouth all through existence. Conflicts and tussling among top officials became more common in the CCC's final years, symptoms occur of the slow collapse at the center.
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Write a formula that will calculate what your net price of attending a school is.
(The total cost of college — tuition, room and board, and including books —grants or scholarships for an eligible student) is a formula that will calculate your net price of attending a school.
Start with the list price, then include all applicable taxes and other mandatory fees to arrive at the net price. Then deduct any rebates, discounts, or negotiated pricing. The final price is the net price. The expression "net price" is also used to denote other phrases such the "actual price" and "negotiated price".
The attendance expenses that parents and students must cover out-of-pocket or with student loans are included in the net price of a college. The net price of a college is an estimation of the out-of-pocket costs that you and your family will incur for one academic year.
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the amount printed on a label with the suggested retail price that is posted on a vehicle is called the group of answer choices capitalized cost. invoice price. sticker price. residual value. set price.
The amount printed on a label with the suggested retail price that is posted on a vehicle is called invoice price. Hence, option B is correct.
What is meant by invoice price?The invoice price is the upfront cost that the manufacturer charges the dealer. Due to incentives and rebates from the manufacturer, the price mentioned is frequently lower than the dealer's real cost. The invoice price includes the destination charge, sometimes known as freight.
The invoice price is typically cheaper than the MSRP. The cost must be covered by the vendor.
Thus, option B is correct.
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a manager periodically assesses her active managerial control program to see if it’s working. this is an example of which step in active managerial control?
A manager periodically assesses her active managerial control program to see if it’s working. this is an example of Re-evaluation in active managerial control.
A preventative technique for managing food safety is called Active Managerial Control (AMC). Instead of responding when an inspector flags an uncontrolled risk factor, food service managers utilise AMC to reduce the risk of foodborne disease. Daily, the management assumes the role of the inspector. Employees and management are both accountable for reducing the risk factors for foodborne disease.
AMC programming ought to consist of:
Written Policies: Policies outline what is expected of staff. The cold holding policy, for instance, can provide that any food that is temperature controlled for safety (TCS) must be kept chilled at or below 41°F.Training: All employees should get policy-related training. All food preparation employees should be instructed that TCS food should be 41°F or less as part of a cold holding policy. Not just the person in control should be aware of the policies and in responsibility of adhering to them.Monitoring: One method of monitoring a cold holding policy, for instance, is to keep track of the temperatures of TCS items using a temperature log.Corrective Measure: The policy statement ought to include the corrective measure. Does the cold holding policy, for instance, specify what personnel should do if the temperature log for TCS food indicates that it is out of temperature?Learn more about Active Managerial Control (AMC), here
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refined metals company and superior fabrication, inc., enter into a contract under which refined agrees to deliver a certain quantity of sheet metal to superior each month. the contract does not include a price term. in a suit between the parties over the price, a court will
The contract does not include a price term. In a suit between the parties over the price, a court will Determine a reasonable price.
An agreement is a legally binding settlement between extra events. Once signed, this contractual settlement creates a promise that sure rights and responsibilities might be fulfilled by using every birthday celebration. In essence, a promise is at the heart of each settlement.
A properly drafted, written settlement presents facts, and readability, and protects parties' pursuits if troubles get up down the road. The specifics of what the agreement covers can be recognized (for example through a scope of services clause or schedule of products), and every celebration's duties and rights are expressly said.
A hit settlement is described as a contract that: gives you the most satisfactory possible services at the maximum affordable fee. Gives the means to control the scope of offerings. Manages your commercial enterprise's operational and financial risks.
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dry cleaners has determined the following about its costs: total variable expenses are , total fixed expenses are and the sales revenue needed to break even is . determine the company's current 1) sales revenue and 2) operating income. (hint: first, find the contribution margin ratio; then prepare the contribution margin income statement.)
Assuming that the entire variable expenses are $37,500 and the total fixed expenses are $33,000, the contribution margin ratio is 0.75. Next, generate the contribution margin income statement.
Contribution margin: The contribution margin ratio is the amount which is derived from sales revenues after deducting the income statement variable expenses. This amount contributes toward covering fixed expenses and then toward profits for the period. The contribution margin ratio is computed in following manner:
Contribution Margin ratio=Contribution margin/salesx100.
Net income: Net income is the income after the deducting all the expenses from the gross income. It is also termed as net profit or net earning.
Computation of the contribution margin ratio:
Breakeven sales= Fixed expenses/Contribution margin ratio.
$44,000 = $33,000/Contribution margin ratio.
Contribution margin ratio =$33,000/$44,000
Contribution margin ratio =0.75.
Operating income $ 79,500
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The complete question is
Dry Cleaners has determined the following about its costs: Total variable expenses are $37,500, total fixed expenses are $$33,000, and the sales revenue needed to break even is $ 44 comma 000$44,000. Determine the company's current 1) sales revenue and2) operating income. (Hint: First, find the contribution marginratio; then prepare the contribution margin income statement.)
Accrued interest revenue will appear on the income statement but not on the statement of cash flows. This statement is.
Interest revenue from accrued interest will show up on the income statement but not the statement of cash flows. It's accurate to say this.
The expense that has been incurred but not yet paid by an organization Interest revenue is called accrued interest expense. It will result in higher overall expenses on the income statement and lower net income. The statement of cash flow will not be impacted because there is no cash outflow.
An entity's cost for borrowing money is known as an interest expense. On the income statement, interest expense is listed as a non-operating Interest revenue expense. It represents interest that must be paid on all borrowings, including bonds, loans, convertible debt, and credit lines.
It is essentially determined by multiplying the debt's outstanding principal amount by the interest rate. Instead of the amount of income statement paid during that time, interest expenditure on the income statement shows interest accrued throughout the period covered by the financial statements. Despite the fact that interest costs are tax deductible for businesses, they Interest revenue may not be in the case of an individual, depending on their jurisdiction and the loan's intended use.
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question 3 scenario 1 continued now that you’ve identified some limitations with meer-kitty’s data, you want to communicate your concerns to stakeholders. in addition to insufficient video trend data, your main concern with the indoor paint survey is that the data isn’t representative of the population as a whole. clearly, one particular respondent, the superfan, is overrepresented. what does this situation describe?
Since one particular respondent, the superfan, is overrepresented, this situation describes a sampling bias.
What is sampling bias?A sampling bias can be defined as a type of bias in which members of an intended population are selected in such a way that some members either have a higher or lower sampling probability (chances) than the other members.
This ultimately implies that, a sampling bias would occur when members of an intended population are selected incorrectly and overrepresented, thereby, resulting in a sample that is not representative of the entire population.
In this context, we can reasonably infer and logically deduce that this situation (Meer-Kitty’s data) describes a sampling bias because it is not a correct representation of the population as a whole.
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Four years ago ollie deposited some money into an account. He earned 5 percent interest on this account and now it has a balance of $303. 88. About how much money did ollie deposit into his account when he opened it?.
About $250 did ollie deposit into his account when he opened the bank account again.
Present value = Future value/ (1+interest rate)^time
= $303.88 /(1+0.05)^4
= $303.88 / 1.2155
= $250
Thus, Matt deposited $250 into the account when he first opened it.
Money kept in a bank is referred to in the financial lexicon as a deposit. A deposit is a transaction in which money is transferred to a different party for safekeeping. Yet another definition of a deposit is a sum of money used as security or collateral for the delivery of an item.Transferring money to a third party, such a bank, for safekeeping constitutes a different type of deposit.There are two definitions for a deposit. One type of deposit entails transferring money to a different party for safekeeping. According to this definition, a deposit is cash added by an investor to a savings or checking account kept at a bank or credit union.Learn more about Deposit, here
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How does granger establish montag’s importance to the group’s mission, even though montag lacks academic training?.
Montag, according to Granger, is significant because he stands in for their "back-up copy" of the Book of Ecclesiastes. Finally, someone has confirmed Montag's interpretation. According to Granger, his gang is waiting for humanity to once again be ready for books before they can be of any help to the rest of the world.
What is Granger thinking of Montag?Montag's rebirth into a more fulfilling existence is symbolized by Granger's sardonic reception of him after his death. The concept of metamorphosis or transformation has been hinted at since Bradbury uses butterfly imagery throughout the novel, notably to represent the "death" of burning books. The men are living conduits to the dead because they are able to recall every word from books they have read. They humorously introduce themselves to Montag using the names of authors who have passed away. These folks have several lives, identities, and chances for rebirth because to the remnants of the past that are preserved in literature.
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Answer: granger establishes montage importance to the group because he knows the book of ecclesiastes
auditors focus more on testing the of a company's blockchain processes and technology than on verifying the of its output. multiple choice question. records/changes effectiveness/risks accuracy/effectiveness effectiveness/accuracy
Auditors focus more on testing the Effectiveness of a company's blockchain processes and technology than on verifying accuracy of its output.
An authorized person who is charged with carrying out the following tasks is referred to as an auditor. Reviewing and analyzing blockchain operations or corporate financial records. Confirming the reliability of blockchain procedures or business financial records. Evaluating the output correctness of a blockchain. Evaluating the performance of blockchain technology and processes.
In essence, an auditor is more concerned with evaluating a company's blockchain operations and technology than with confirming the veracity of the outputs of the blockchain.
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the narrowest definition of money excludes: * 10 points a. currency in the vault at the bank. b. traveler's checks. c. currency in circulation. d. checkable bank deposits. e. coins in circulation.
The narrowest definition of money excludes currency in the vault at the bank. So the correct answer is option (c) currency in the vault at the bank.
The narrowest definition of money excludes:
Money is a form of exchange used to buy and sell goods and services. In a nutshell, it is money that is typically issued by a government and commonly accepted as payment at face value. It comes in the form of coins and paper.
Contract—often used with down—to lessen the breadth or scope of. Limit—often used in conjunction with down—2: to narrow the range or sphere of, reducing the options available. Transitory Verb: contract—often used with down—to diminish in width or extent. Narrow.
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when writing to the other contractors, what could you include in your closing that would explain the bad news in a sensitive manner? check all that apply. a canned ending a review of the bad news a forward look an expression of good wishes
When writing to the other contractors, including A forward look, and An expression of good wishes in closing would help to reduce negative feelings.
An expression of good wishes creates a positive image, and A forward look shows interest in nurturing unborn relations. These expressions are affable, and joyful, and show interest in a long establishment of relationship. ending the communication with a canned ending, or a review of the bad news will put the wrong print and severe impact on the relations. Inferred turndown is used for not directly conveying bad news to the receiver. inferred turndown covers the bad news in a manner that its negative impact on the anthology gets reduced. inferred turndown is a suggested or circular way to deliver bad news. It's used to downplay the effect of bad news.
Whereas one should noway deliver bad news at the opening letter and use a morning that encourages further reading. In this script, Hubert conveys the bad news using inferred turndown as workers have to do overtime to achieve the company's target.
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consider the supply of avocados. explain why a change in the price of fertilizer causes a shift in the supply curve for avocados rather than a movement along the supply curve for avocados. part 2 a change in the price of fertilizer causes a shift in the supply curve for avocados because
A shift in the supply curve for avocados can occur because a change in the price of fertilizer. A shift in supply curve can occur because a change in the cost of inputs changes how much a producer will supply at a given price.
Supply in economics generally can be described as the amount of a resource that firms, labourers, producers, providers of financial assets, or other economic agents are willing and able to provide to an individual and also the marketplace. In economics, the supply curve generally can be defined as a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. In the supply curve, the quantity supplied will appear on the horizontal axis while the price will appear on the left vertical axis.
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the simple interest on an investment is directly proportional to the amount of the investment. an investment of $3250 earns $48.75 after 1 year. find a mathematical model that gives the interest n after 1 year in terms of the amount invested p.
Simple hobby is a short and smooth approach of calculating the hobby rate on a loan.
The required details for Simple hobby in given paragraph
y=kx
I=kP
The version has the shape y=kx.
Simple hobby is a short and smooth approach of calculating the hobby rate on a loan. Simple hobby is decided through multiplying the each day hobby price through the most important through the quantity of days that elapse among payments. To calculate easy hobby, multiply the most important quantity through the hobby price and the time. The system written out is "Simple Interest = Principal x Interest Rate x Time."
Simple hobby is a short and smooth approach of calculating the hobby rate on a loan. Simple hobby is decided through multiplying the each day hobby price through the most important through the quantity of days that elapse among payments.
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when items come into the company warehouse, it is nora's job to move the items to a temporary storage location and update the inventory records to indicate more product is available. this is an example of which process?
The three exercises of a fruitful focusing on technique that permits you to achieve this are division, focusing on and situating, regularly alluded to as STP.
When choosing how do you position a item the primary step a advertiser would take is to?
Know your target group of onlookers well It is basic for the marketers to to begin with identify the target group of onlookers and after that get it their needs and inclinations. Each person has shifted interface, needs and inclinations. No two people can think on the same lines.
What is step 4 within the situating process?
Comparative Subjective Analysis: The fourth step within the situating prepare is to compare & investigations the information of competitors, subjective client inputs, external components etc. On comparison, the holes within the advertise can be understood.
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grocery giant, a chain of regional grocery stores, use fifo for perishable goods but lifo for paper goods. the concept is being followed as long as the company uses these methods from year to year for each inventory type.
Grocery Giant, a chain of regional grocery stores, uses FIFO for perishable goods but LIFO for paper goods. The Consistency principle is being followed as long as the company uses these methods from year to year for each inventory type.
This is further explained below.
What is Consistency?Generally, A consistent theory is a hypothesis that does not result in a logical contradiction, according to the traditional, deductive form of logic. Either semantic or syntactic analysis may be used to provide a definition of the absence of contradiction.
In conclusion, First in, first out is a technique for arranging the manipulation of a data structure that is used in computing and systems theory.
This approach ensures that the entry with the longest wait time, often known as the "head" of the queue, gets processed first. FIFO is an abbreviation for "first in, first out."
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Grocery Giant, a chain of regional grocery stores, uses FIFO for perishable goods but LIFO for paper goods. The ________ principle is being followed as long as the company uses these methods from year to year for each inventory type.
beginning inventory is 142,000. during the period a company has three purchases of inventoty with a cost of 75,000.80,000 and 56,000 also during the period inventory with the cost of 190,000 was sold to customers for 260,000 .what is the ending balance of inventory
A) $163,000. is the ending balance of inventory.
$142,000 + $75,000 + $80,000 + $56,000 − $190,000 = $163,000;
Force or stock refers to the goods and accouterments that a business holds for the ultimate thing of resale, product or utilization. force operation is a discipline primarily about specifying the shape and placement of graded goods. Inventory refers to all the particulars, goods, wares, and accouterments held by a business for dealing in the request to earn a profit. For example, If a review seller uses a vehicle to deliver journals to the guests, only the review will be considered inventory.
The four types of force most generally used are Raw Accoutrements, Work-In-Process ( WIP), Finished Goods, and conservation, form, and Overhaul( MRO).
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logan company and clayton company assign manufacturing overhead to work in process inventory using direct labor cost. the following information is available for the companies for the year: logan company clayton company actual direct labor cost $ 200,000 $ 112,500 estimated direct labor cost 187,500 125,000 actual manufacturing overhead cost 72,500 95,000 estimated manufacturing overhead cost 75,000 100,000 required compute the predetermined overhead rate for each company. determine the amount of overhead cost that would be applied to work in process inventory for each company. compute the amount of overapplied or underapplied manufacturing overhead cost for each company.
1. The computation of the predetermined overhead rate for each company is as follows:
Logan Clayton
Predetermined overhead rate $0.40 $0.80
2. The determination of the overhead cost applied to work in process for each company is as follows:
Logan Clayton
Applied overhead cost $80,000 $90,000
3. The computation of the overapplied or underapplied manufacturing overhead cost for each company is as follows:
Logan Clayton
Overapplied overhead $7,500
Underapplied overhead ($5,000)
What is the predetermined overhead rate?The predetermined overhead rate is the result of the division of the estimated manufacturing overhead by the estimated total cost-driver units.
For instance, Logan Company's estimated manufacturing overhead is divided by the estimated direct labor cost (cost-driver).
Logan Clayton
Actual direct labor cost $200,000 $112,500
Estimated direct labor cost 187,500 125,000
Actual manufacturing overhead cost 72,500 95,000
Estimated manufacturing overhead cost 75,000 100,000
Predetermined overhead rate $0.40 $0.80
($75,000/$187,500) ($100,000/$125,000)
Applied overhead cost $80,000 $90,000
($200,000 x $0.40) ($112,500 x $0.80)
Overapplied or underapplied overhead $7,500 ($5,000)
Overapplied overhead = $7,500 ($80,000 - $75,000)
Underapplied overhead = -$5,000 ($90,000 - $95,000)
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leaders who are dominant, self-confident, and able to communicate their vision to subordinates are leaders. multiple choice question. relationship-oriented task-oriented charismatic transactional
Leaders who are dominant, self-confident, and able to communicate their vision to subordinates are charismatic leaders .
What is meant by charismatic leader?
Charismatic leadership means by a leader who uses his communication skills, persuasiveness, and charm to influenced others. Charismatic leaders, using their ability to connect with people on a deep level, are actually valuable within organizations which are facing a crisis or are struggling to move forward.
Where is charismatic leadership used?Charismatic leadership fit well in an environment where people need the presence of an individual capable of changing the status of company . Charismatic leadership styles work nicely during urgent organizational changes. They are also crucial when organizations undergoes fundamental changes.
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bandana company had the following balances for net income and pretax gains and losses on december 31: net income $ loss on discontinued operations () unrealized gain on trading security foreign currency translation gain the company's effective tax rate is 40%. what amount should bandana company report as comprehensive income for the year ended december 31?
If bandana company had net income $ 650,000 loss on discontinued operations ( $ 75,000) unrealized gain on trading security $ 35,000 foreign currency translation gain $ 150,000. The amount that bandana should report as comprehensive income for the year ended December 31 is $740,000.
Comprehensive income for the yearGiven data:
Foreign currency translation gain = $ 150,000
Unrealized loss on trading security = ( $35,000 )
Net income = $ 650,000
Loss on discontinued operations = ( $75,000 )
Effective tax rate = 40 % or 0.40
Now let determine or find the comprehensive income amount that should be report at the end of the year.
Net income $650,000
Add Foreign currency translation gain $90,000
[ $150,000 × ( 100 % - 40 % ]
Total comprehensive income $740,000
Therefore the comprehensive income is the amount of $740,000.
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The complete question is :
bandana company had the following balances for net income and pretax gains and losses on december 31: net income $650,000 loss on discontinued operations ($75,000) unrealized gain on trading security $35,000 foreign currency translation gain $150,000 the company's effective tax rate is 40%. what amount should bandana company report as comprehensive income for the year ended december 31?
What has prevented you from saving money in the past? based on what you’ve learned, what can you do to change this?.
What has kept me from saving in the past is my overspending. Based on what I've learned, I can change this by not overspending, and saving what I have left over.
Monetary savings is the amount of cash left over after spending and distinctive duties are deducted from profits. economic savings constitute coins this is otherwise idle and no longer being placed at chance with investments or spent on consumption.
Saving is earnings not spent or deferred consumption. strategies of saving embody setting money apart in, for instance, a deposit account, a pension account, a funding fund, or coins. Saving also includes decreasing charges, which include ordinary expenses. There are specific varieties of monetary savings bills to select from, and they'll be no longer all alike. The options consist of traditional financial savings debts, high-yield financial savings payments, money market debts, certificates of deposit, coins management money owed, and robust point savings bills.
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