Answer:A.They can harm consumers by fixing prices.
When this happens, the intestacy laws of the state where you reside will determine how your property<span> is distributed upon your death. so D is the right answer</span>
Answer: $44,119
Explanation:
Foreign tax credit should be no more than the amount of tax paid to the foreign government.
The credit will be based on the US tax applicable to the income earned:
= Foreign source taxable income * Precredit U.S. tax / Taxable income
= 204,000 * 109,000 / 504,000
= $44,119
Answer:
$73,680
Explanation:
The cash inflows from the project in year 4 consists of the following:
1) operating cash flow
2) recovery of net working capital
3) salvage value of the equipment after tax
The operating cash flow is $52,620. The recovery of the net working capital is $5,160. The book value of the equipment at the end of year 4 is $17,014, and the market value is $15,900. Since the market value is lower than the book value, there is no capital gain and hence no tax. Therefore, the cash flow for the 4 year period after the equipment has been sold for $15,900 is shown below
The total cash flow in year 4 = $52,620 + $5,160 + $15,900 = $73,680.