What determines the value of a spot exchange rate?

The current value of a property is $255,000, and it is assessed at 35% of its current market value. What is the amount of the real estate tax due on the property if the tax rate is $3.50 per $100 of assessed value?

a. 2039.99 b. 2499 c. 1115.63 d. 3123.75

A company may prefer to use residual income over return on investment for performance evaluation because ________

A) residual income is a ratio but return on investment is an absolute figure B) residual income is more likely to lead to goal congruence than return on investment is C) residual income is easier to calculate than return on investment D) residual income considers three elements but return on investment considers only two elements