The overriding purpose of tax treaties is to:
a. create "tax havens"
b. minimize tax liability of multinational corporations
c. require business taxpayers to file returns in all countries in which they operate
d. eliminate the "double taxation" that a taxpayer would face if his or her income were subject to tax in both countries
d
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Spacely Sprockets' sales budget shows the following expected total sales:MonthSalesJanuary$30,000February$40,000March$35,000April$30,000The company expects 80% of its sales to be on account (credit sales). Credit sales are collected as follows: 30% in the month of sale, 68% in the month following the sale with the remainder being uncollectible and written off in the month following the sale.Required:a) Calculate budgeted accounts receivable at the end of each month from February through April.b) Calculate budgeted cash inflows from collection of receivables for each month from February through April.
What will be an ideal response?
The pursuit of profit is the mechanism by which a business is thought to serve the utilitarian goal of satisfying consumer demand, thereby maximizing the overall good.
Answer the following statement true (T) or false (F)
What type of advertisement should be used to communicate a new branch location to potential customers?
a. institutional ad b. competitive ad c. reminder ad d. pioneer ad
Pick a direction of communication flow in organizations, define it, and explain the benefits and disadvantages of that communication flow.
What will be an ideal response?