Courts rarely apply the excuse of commercial impracticability, even when the cost of the contract has increased dramatically for one party
Indicate whether the statement is true or false
True
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Arbitrage results in a riskless profit because a trader purchases a currency at a low price and simultaneously resells it at a higher price.
a. True b. False
Between 2001 and 2004 the phenomenal growth in the use of swap markets has been a rate of over ________ per year
A) 100% B) 80% C) 50% D) 33%
Communicating using written forms of communication such as email
A. can increase the time needed to reach an understanding. B. is higher in richness due to the presence of nonverbal cues. C. is only advised as a means to back up a face-to-face communication. D. is too impersonal to get the attention of a receiver. E. is better than face-to-face communication for sensitive messages.
On January l, Grace leases and places into service an automobile with a FMV of $61,000. The business use of the automobile is 60%. The "inclusion amount" for the initial year of the lease from the IRS tables is $30. The annual lease payments are $11,000. What are the tax consequences of this lease?
A. deduction for lease payments of $6,600 B. deduction for lease payments of $6,570 C. deduction for lease payments of $6,582 D. deduction for lease payment of $6,630