Answer:
Yen depreciated its value against US$
Explanation:
The reason was that the Japanese government has a free trade agreement with the United States and what happened was that the Yen appreciated against Dollars by which the Japanese companies might had suffered as the american products would have been imported more to the country because now they are cheaper than the Japanese cars, as a result the industry in the Japan would had suffered. So the government of japan set 115 Yen as apposed to 85 Yen against each dollars which resulted in increase in the demand of the manufacturing of the cars. Now the Japanese products were greater in demand because of they cost less. And at the year end 2015, the Sabaru reported $2 billion profit despite the fact that 80% of its production was in Japan. The american auto suffered loss of market by $2 Billion.
Answer:
Effect on income= $4,400 increase
Explanation:
Because it is a special order and there is unused capacity, we will not take into account the fixed costs.
<u>To calculate the effect on income, we need to use the following formula:</u>
Effect on income= number of units*unitary contribution margin
Effect on income= 4,400 (21 - 18 - 2)
Effect on income= $4,400 increase
Answer:
Commuting refers to travelling from your home to your workplace. It generally refers to the distance that people generally travel to get to their office or any type of workplace.
While business travel refers to not only leaving your house to go to work, but actually going somewhere else to perform your regular business activities, e.g. going form one state to another to close a sale. In order for business travel to be effectively recognized as such, it must be necessary for your business activity and it should last more than one ordinary workday.
In this case, your client continuously leaves his house and goes form one state to another performing his normal business activities. This perfectly fits the IRS's definition of business travel.
Initially, you can try to solve this issue with IRS Office of Appeals (since you are right), but if that doesn't work, then you can go to Tax Court.
Answer:
b. Speedyland will double its GDP 21 years quicker than Slowland.
Explanation:
According to the rule of 70, it tells about the number of years to double
For Slowlands
= 70 ÷ 2
= 35
For speedyland
= 70 ÷ 5
= 14
So if we take the difference than it comes
= 35 - 14
= 21
Hence, the correct option is b and the same is to be considered
And all other options are wrong
