<span>Mark is using what is called a lag strategy. A lag strategy can be used when there is an intended change in payment in a foreign transaction. This usually occurs when there is an expected change occurring in exchange rates. The lag occurs when the transaction is delayed, which is what Mark is attempting to do here.</span>
Answer:
what rate is he earning interest
Interest rate is 8%
Explanation:
I = C·i·t,
C Initial Investement
i Anul interest rate
t time
16000=20000*i*10
16000=200000*I
I=16000/200000
I=0,08
I=8%
Answer:
Comer's tax liability for 2018 = $33300
Explanation:
Before determining Comer's tax liability for 2018, we need to understand what gross income is and what forms part of gross income. Gross income is total amount of income from various sources minus/plus and additions and deductions. Income from salary is earned in the ordinary course of work/business which is definitely part of gross income. Capital gain is refers to gain/profit/income from sale of capital assets such as property, shares, stocks, piece of land. Any gains and losses form part of gross income and capital losses are reported as deductions meant to reduce investors tax liability just as capital gains should be taxed.
Lets first calculate gross income and then apply tax rate to determine tax liability.
Gross income = salary + Short-term & long-term capital gains - short-term & long-term capital losses
GI = $64000 + $31000 + $9000+$15000 -$2000 -$6000
GI = $111000
Assuming the tax rate is 30%, the tax liability for the year is as follows:
Tax liability = $111000×30%
Tax liability = $33300
If liability is classified as current, rather than noncurrent, the company's working capital will <u>decrease</u>.
Legal responsibility is something someone or an agency owes, usually a sum of money. Liabilities are settled over time through the switch of financial benefits inclusive of cash, goods, or services.
Assets are the items your corporation owns that could offer destiny economic benefit. Liabilities are what you owe different parties. In brief, belongings are placed to cash in your pocket, and liabilities take cash out.
In economic accounting, legal responsibility is described as the future sacrifices of economic advantages that the entity is obliged to make to other entities due to past transactions or different past activities.
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