➡️ If you choose to take the foreign tax credit, and the taxes paid or accrued✔️
➡️Use the rate of exchange in effect on the date you paid the foreign taxes to the ✔️
➡️For this purpose, withholding tax includes any tax determined on a gross basis.✔️
➡️Need to know how to qualify for Foreign Tax Credit and avoid double taxation✔️
➡️high tax foreign countries, it may be preferable to use the Foreign Tax Credit alone.✔️
➡️ and excess profits taxes paid or accrued during your tax year to any foreign ✔️
Answer:
Raise the marketing spend to raise visibility.
Explanation:
In simple words, the best way for the company to hold their position in the market is to strengthen their customer base and this can be done by performing more promotion. By doing so, they can attract more people to use their product and the new company will have to try harder to capture the market.
Thus, the best option for the company is to raise promotional activities.
<u>Explanation:</u>
a. <em>Remember</em>, the PPF (Production Possibility Frontier) framework allows for the selection of a preferred choice as regards budget spending. Hence, in such a situation, it calls for a choice to be made.
b. According to the PPF framework, where there is an increase in the population, it is expected that such change would result in an increase in the labor force capacity; and ultimately leading to an upward shift in the PPF curve. Thereby, increasing the overall production of the economy.
c. Within the PPF framework, a technological change that makes resources less specialized will result also result in an upward shift in the PPF curve.
Answer:
0.583
Explanation:
Data provided in the question;
Average dinner charges = $8.75
Initial demand = 3,000 atrons
Increase in price = $0.50
Final demand = 2,900
Thus,
change in demand = 3,000 - 2,900 = 100
Now,
The price elasticity of demand = 
also,
Percentage change in demand = 
= 
= 3.33%
Percentage change in price = 
= 
= 5.714
thus,
The price elasticity of demand = 
= 0.583
Answer:
-Better decision making
-Can prevent costly mistakes and helps in tax period
