Tailor johnson, a u. s. maker of fine menswear, has a subsidiary in ethiopia. this year, the subsidiary reported and repatriated earnings before interest and taxes (ebit) of 250 million ethiopian birrs. the current exchange rate is 7.6288 birrs/dollar or upper s equals $ 0.1311 divided by birr. the ethiopian tax rate on this activity is 24 %. u. s. tax law requires tailor johnson to pay taxes on the ethiopian earnings at the same rate as on profits earned in the united states, which is currently 37 %. however, the united states gives a full tax credit for foreign taxes paid up to the amount of the u. s. tax liability. what is tailor johnson's u. s. tax liability on its ethiopian subsidiary?

Which statement below best describes george waring's approach to solving the problems of water-borne illness? a. waring is going with his "gut," because he believes that instincts and emotions are the best guides for action. b. waring efficiently and thoroughly lays out the case for why the problems are too large and overwhelming to be solved: people should just move out of cities back to their farms. c. waring has gathered the testimonies of people who live in densely populated areas in order to learn how they themselves have solved their problems. d. waring exhibits the industrial age's increased respect for and reliance on science and the scientific method.

Match each item to check for while reconciling a bank account with the document to which it relates. (there's not just one answer) 1. balancing account statement 2. balancing check register a. nsf fees b. deposits in transit c. interest earned d. bank errors

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.