When it comes to trading global currency, all of the following markets are in the top five EXCEPT:
A) London.
B) Singapore.
C) Tokyo.
D) Frankfurt.
Answer: C) Tokyo.
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Which of the following is a complete closed loop planning system that develops plans for all
materials and operations? A) supply chain management B) capacity requirements planning C) enterprise resource planning D) material requirements planning
Which of the following is currently under negotiation by 34 countries in the Western Hemisphere?
A. African Union B. Free Trade Area of the Americas C. Mercosur D. African Community
Bill Sharpe, owner of Sharper Knives Inc, is closing his business at the end of the current fiscal year. His sole asset, the knife-sharpening machine, is three years old. A depreciation table for the asset is shown below
Bill has agreed to sell the machine at the end of the year for $100,000. What is the impact on taxes from the sale of the machine? (Assume that Sharper Knives claimed a regular depreciation expense in the calculation of income taxes.) The tax rate is 35%. Round your answers to the nearest dollar. Depreciation Table for Knife Sharpener Year Basis Rate Depreciation Expense Accumulated Depreciation 1 $250,000 14.29% $35,725 $35,725 2 $250,000 24.49% $61,225 $96,950 3 $250,000 17.49% $43,725 $140,675 4 $250,000 12.49% $31,225 $171,900 5 $250,000 8.93% $22,325 $194,225 A) $3,264 tax refund from IRS B) $3,264 additional taxes owing to IRS C) $14,236 tax refund from IRS D) $14,236 additional taxes owing to IRS E) $38,264 tax refund from IRS
The federal Truth-in-Lending law:
A) requires the lender to show how much profit is made on a particular sale. B) regulates the maximum cost of credit. C) is a uniform law made available to all states, like the UCC. D) is intended to allow comparison of various credit offers or advertisements.