The first blank would be 32 because you ,multiply 16 by 2. For the second blank it would be 16 because you multiply 8 by 2.
Answer:
A. = (15% X $2M) + (21% X $2M) = $720,000. Since there is no mechanism for mitigating double taxation, the branch profit will be taxed on the to tax rate of 15% and 21% which is $300,000 and $420,000.
B. The total tax for $2m branch profit if US corporations can remove foreign based profit from US taxation will be just the 15% x $2m = $300,000.
C.If they are allowed to take deductions for foreign income taxes, the total tax on the $2m branch profit will be (21% -15%) x $2m = $120,000.
Explanation:
D.1. If credit are allowed for foreign income tax paid, total tax will be ($2m - $300,000 been foreign tax paid) x 21% = $357,000
D.2.
If the charge foreign income taxes at 30% and US corporations can claim refundable credit for foreign income tax paid on foreign source income = ($2m - $300,000 been the foreign income tax paid) = $1 700,000 x 30% = $510,000
Answer:
$119,500
Explanation:
Solution:
Recall that
The budgeted sales for Micro Miller company = $700,000,
Sales commissions of = 4%
The salary of sales manager = $80,000.
Now,
Since Budgeted Sales is $700,000
Then
sales commissions is calculated as follows:
Sales Commission=0.04*700000(A)= 28000
Thus,
Sales Manager's Salary(B) = $80,000
Hence,
The shipping expenses = 0.01*700000 = $7000
Miscellaneous selling expenses becomes
Fixed = 1000
Variable =3500 700000 * 0. 5 = 119500
Answer:
D) All of these
Explanation:
World class performance measures can be used in different functional areas, for example International Organization for Standardization (ISO) norms apply to all the functional areas of a company:
- ISO 9000 - Quality Management
- ISO 27000 - Information Security Management Systems
- ISO 14000 – Environmental Management
- ISO 31000 - Risk Management
-
ISO 50001 - Energy Management
- ISO 26000 - Social Responsibility
- ISO 28000: 2007 – Specifications for Security Management Systems for the Supply Chain
-
ISO 37001: 2016 Anti-Bribery Management Systems
- ISO 45001 – Occupational Health and Safety
- ISO 22000 – Food Management Systems
Other types of world class performance measures that are not as established and recognized as ISO norms, but are gaining momentum in modern management like World Class Manufacturing (WCM) framework focus on four main areas:
- Manufacturing competitive products: measure quality performance
- Manufacturing product mix and volume: measure cost performance
- Short lead-times and make-to-order: measure delivery performance
- New product introductions: measure flexibility performance
