Answer:
a. $750
b. $750
Explanation:
The first thing to do is calculate the monthly interest as follows:
Monthly interest = Total interest ÷ 12 = $4,500 ÷ 12 = $375
The rent for two months in year 0 (November and December) = $375 × 2 = $750.
Prepaid expenses (January to October of year 1) = $4,500 - $750 = $3,750.
Decision:
Prepaid expenses is not deductible under either cash accounting method or accrual accounting method for tax purposes.
Therefore, Jaxon can deduct only $750 two months (November and December) relevant for year 0 under both cash accounting method and accrual accounting method.
The prepaid expenses of $3,750 is not deductible in year 0 but can only be deducted in year 1.
Answer:
a. True
Explanation:
A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright. Thus, he or she supervises and ensures his subordinates (employees) are working effectively and efficiently with the organization's goals and objectives.
Generally, managers working in international businesses are expected to evaluate the attractiveness of a country as a market or location for a facility or investment before going ahead to the endorse and approve it for any business having long-term plan, goals and objectives in mind.
Some examples of the factors a manager should look out for in determining the attractiveness of a country includes freedom of expression, government policies, power supply, taxation, ease of doing business, climate, etc.
If I was applying for a freelance job about writing about gems and geology for example, I would explain that I have over 40 years of professional experience as a practicing mainly field geologist with 19 years of it in a large producing open pit copper/molybdenum/gold/silver operation. I would stress that with so much field experience I am able to visualize many mining/geological situations and I am both very practical and very theoretical. Also, I would say that I have just written a book about the history of mining and geology so have considerable valuable writing experience plus doing some geological reports on the internet. Also, since I understand that such work could require talking to people in other countries and since Latin America has some valuable gems like emeralds, and since I learned Spanish while travelling in Latin America, I will be able to do phone research for such mineral occurrences.
Answer:
extend the product's life cycle
Explanation:
International diversification refers to a situation wherein a company extends the sale of it's products or services beyond the domestic national boundaries, dealing in different i.e diverse goods and services which are somewhat unrelated to one another.
It refers to investing in more than one nation so as to spread and reduce the risk with respect to variability and fluctuation in return.
The higher the fluctuation in return, the higher is the risk, the more stable the return, lower the risk.
Diversification refers to investing in different assets and securities or nations, whose performance is least correlated to one another so that if one economy yields losses, profits and gains from another nation or economy would offset such losses and thus reduce the risks to which the total investment is subject to.
As per Raymond Vernon, the rationale behind international diversification is to extend the product's life cycle as international diversification increases the product's life cycle and i.e the period between a product's development and it's decline and withdrawal from a market.
