Falmouth Kettle Company, a U. S. corporation, sells its products in the United States and Europe. During the current year, selling, general, and administrative (SG&A) expenses included: Personnel department $500
Training department 350
President’s salary 400
Sales manager’s salary 200
Other general and administrative 550
Total SG&A expenses $2,000

Falmouth had $16,800 of gross sales to U. S. customers and $4,200 of gross sales to European customers. Gross income (sales minus cost of goods sold) from domestic sales was $4,200 and gross income from foreign sales was $1,400. Apportion Falmouth’s SG&A expenses to foreign source income using the following methods:

a. Gross sales
b. Gross income.
c. If Falmouth wants to maximize its foreign tax credit limitation, which method produces the better outcome?

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)

Danielle enjoys working as a certified public accountant (cpa) and assisting small businesses and individuals with managing their finances and taxes. which general area of accounting is her specialty? danielle specialized in

Aproduction line has three machines a, b, and c, with reliabilities of .96, .86, and .85, respectively. the machines are arranged so that if one breaks down, the others must shut down. engineers are weighing two alternative designs for increasing the line’s reliability. plan 1 involves adding an identical backup line, and plan 2 involves providing a backup for each machine. in either case, three machines (a, b, and c) would be used with reliabilities equal to the original three. a. compute overall system reliability under plan 1. (round your intermediate calculations and final answer to 4 decimal places.) reliability b. compute overall system reliability under plan 2. (round your intermediate calculations and final answer to 4 decimal places.) reliability c. which plan will provide the higher reliability? plan2plan1