Answer:
The Excel YEAR function returns the year component of a date as a 4-digit number.
Explanation:
Answer:
a. A nonresident alien can be an S corporation shareholder. (However, generally, we can't see non resident aliens owning shares, but it is not illegal.)
c. An S corporation can have more than 100 shareholders, since families are treated as a single shareholder.
Explanation:
A nonresident alien is a person who is not a U.S. citizen and does not pass the green card or substantial presence tests used to determine tax status and citizenship. Foreign Students are a good example for this.
these non residents usually do not hold ownership in corporations.
The term "S corporation" means a "small business corporation".
S corporations limit is 100 members, however, since the family members are treated as "individual one person", the number 100 could change in the practical scenario.
The option d is obviously wrong!
Option b is incorrect as well. Corporations and Partnerships can not own stake in S corporations.
Answer:
£.0.6875 per USD
Explanation:
PPP stands for purchasing power parities. It is actually the rate of currency conversion.
As per the given information, the price level recently increased by 20% in England while falling by 5% in the United States, so the net increase in the U.S. dollar would be (20+5)=25%.
This can be taken as that now 20% more pounds shall be needed to purchases the same U.S. goods.
Hence the new exchange rate would be:
= 1.25 x £0.55/$1 = £.0.6875 per USD
A. Bid/no bid decision
A "bid" is what contractors call their proposals, and in some cases it will not be worth it to even submit a proposal on a job. The stage where contractors decide if it is worth it is called bid/no-bid.
