Accounting

Part 1: Answer the following review questions in your own words: * Why do we have to know about operating gearing of the business and how does it impact business operations? **3.1 Is it always reasonable to assume linear relationships between volume and sales revenue/ variable cost, even where the activity is within a fairly […]

1. Discuss what a tax treaty is and some of the important benefits provided by most tax treaties. Give an example of a tax treaty between the U.S. and another country. 2. Discuss why might it be important to separate the evaluation of the performance of a foreign subsidiary from that of its manager, including