Aacsb 40. orono corporation manufactured inventory in the united states and sold the inventory to customers in canada. gross profit from the sale of the inventory was $300,000. title to the inventory passed fob: destination. how much of the gross profit is treated as foreign source income for purposes of computing the corporation's foreign tax credit in the current year?
a. $300,000
b. $150,000
c. $0
d. the answer cannot be determined with the information provided.

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Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?

Francesca opened a checking account at first bank one month ago. during the month she wrote 25 checks. first bank will charge her $.25 per check. this fee per check is called a a. service charge b. monthly charge c. transfer charge d. debit charge