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Gujistan charges foreign companies corporation tax at a preferential tax rate of 15 percent for the first five years, rather than the normal rate of 35 percent. PASE plc currently pays corporation tax in the UK at the rate of 30 percent. Taxes in both Gujistan and the UK are payable in the same year in which they are incurred. Tax losses in Gujistan are carried forward and set against the first available profits. A double taxation agreement exists between the two countries. There is also a 5 percent withholding tax in Gujistan on profits remitted by foreign subsidiaries to their parent companies. The government of Gujistan has agreed to waive the taxes in the first three years of operations.
Q. Calculate ADs working capital cycle? AD, a manufacturing entity, has the following balances at 30 April 2005: Extract from financial statements: $000 Trade receiv
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Mary has a weekly allowance of $24 to spend on soda and coffee. Let 40 cups be the maximum amount of soda she can buy for the money. Let $.40 be the price of 1 cup of coffee. As
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(Average inventory/Cost of sales) * 365 days Average inventory can be arrived by taking this year's and last year's inventory values and dividing by 2 - (Opening inventories
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The international monetary fund and the world bank are the main lending financial institutions that give assistance to developing nations in the restoration of their economy. Wh
Question 1: a) Faced with fierce international competition Mauritius should protect its domestic industries, to survive in such an environment. Discuss. b) "The best way
Research in Motion (RIM), once known as the global leader in wireless innovation, has lost its darling status after the introduction of the Apple iPhone. In 2011, RIM's stock pric
Question I: (50 points) Derive the pricing formula for the expected excess return of a risky stock and the riskfree stock in the traditional consumption-CAPM assuming that the leve
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