The combination of current tax deduction for the employer plus tax deferral for the employee is possible with all of the following types of plans EXCEPT

Why is the balance sheet a useful tool?

What will be an ideal response?

Assume that you are the manager of a U.S. company and you face an exchange rate of ¥150 per $1

Whenever you receive an order, rather than ship from your production facilities, you call in the order to a Japanese company and have the bill shipped to you directly. If the bill shipped to you is ¥7,500 and you can collect $55 per item sold to your customer, what would be your profit if you pay the Japanese company ¥7,500? A) $5.00 per item B) $4.75 per item C) $4.50 per item D) $4.00 per item