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Keith_Richards [23]
2 years ago
10

Selena owns and operates a Global Goods grocery store. Although her store is independently owned and operated, she has signed an

agreement with over seventy stores in the Midwest to use a common name, participate in chain promotions, and cooperate with other stores in the chain. What is Selena's store a part of?
Business
1 answer:
kaheart [24]2 years ago
8 0

Answer:

Wholesale sponsored voluntary chain

Explanation:

Selena's store is part of a <u>wholesale sponsored voluntary chain.</u> This is a distribution channel and a vertical marketing strategy where a wholesaler supplies multiple retailers that come together under a contractual relationship. The wholesaler secures the goods at a lower price and allows the retailers to compete with bigger organizations. They unite under the same chain and work under the same name, but the stores are independently owned.

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Spartan Corporation, a U.S. corporation, reported $2 million of pretax income from its business operations in Spartania, which w
AVprozaik [17]

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

6 0
2 years ago
Shawn received an e-mail offering a great deal on music, movie, and game downloads. He has never heard of the company, and the e
lianna [129]
Shawn should report the email
8 0
2 years ago
Read 2 more answers
Tracing the path of the organizational chart of a company that shows who answers to whom is said to be following the _______ cha
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The answer is formal. hope that helped
4 0
2 years ago
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Be5-4, Prepare the journal entries to record the following transactions on Novy Company’s books using a perpetual inventory syst
Leto [7]

Answer:

a: March 2

Dr Accounts Receivable 900,000

Cr Sales Revenue 900,000

March 2

Dr Cost of Good Sold 590,000

Cr Inventory 590,000

b. March 6

Dr Sales Returns and Allowances 90,000

Cr Accounts Receivable 90,000

March 6

Dr Inventory 62,000

Cr Cost of Goods Sold 62,000

c. March 12

Dr Cash 793,800

Dr Sales Discount 16,200

Cr Accounts Receivable 810,000

Explanation:

Preparation of Journal entries using a perpetual inventory system

a. March 2

Dr Accounts Receivable 900,000

Cr Sales Revenue 900,000

(To record sale of merchandise)

March 2

Dr Cost of Good Sold 590,000

Cr Inventory 590,000

b. March 6

Dr Sales Returns and Allowances 90,000

Cr Accounts Receivable 90,000

(To record sale of merchandise)

March 6

Dr Inventory 62,000

Cr Cost of Goods Sold 62,000

c. March 12

Dr Cash 793,800

(98%*810,000)

Dr Sales Discount 16,200

(2%*810,000)

Cr Accounts Receivable 810,000

(900,000-90,000)

8 0
2 years ago
A well-known industrial firm has issued $1,000 bonds that carry a 4% coupon interest rate paid semiannually. The bonds mature 20
Flauer [41]

Answer:

5.59%

Explanation:

$1,000 bonds carrying a 4% coupon rate, semiannual coupon $20, matures in 20 years

if you purchase the bonds at $715, the nominal annual rate of return = coupon payments / bond price = ($20 + $20) / $715 = $40 / $715 = 5.59%

The nominal annual rate of return is calculated by dividing the revenue generated by an investment by the cost of the investment.

8 0
2 years ago
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