Perez, a citizen and resident of Mexico, works in an international subsidiary of a U.S. company. Perez:
A) is not considered an employee of the company, as he does not have U.S. citizenship.
B) may apply for U.S. citizenship after three years of working for the company.
C) is protected under U.S. employment law.
D) is not protected under U.S. employment law.
Answer: D
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On January 1, Cleopatra Corporation issued $2,000,000, 14%, 5-year bonds with interest payable on December 31. The bonds sold for $2,144,192. The market rate of interest for these bonds was 12%. On the first interest date, using the effective-interest method, the debit entry to Bond Interest Expense is for
a. $240,000. b. $251,162. c. $257,304. d. $280,000.
The current indirect exchange rate is 12 pesos per dollar. The cash inflow in pesos is 100,000 in two years and the discount rate is 10%
During this time, the anticipated annual inflation rate is 6% in the United States and 14% in Mexico. What is the present value of the 100,000 pesos in U.S. dollars after conversion from pesos to dollars if you are using current and forward exchange rates? A) $5,984.35 B) $5,954.36 C) $5,924.46 D) $5,936.54