Exam Code: 1z1-071
Exam Name: Oracle Database SQL
Certification: Oracle PL/SQL Developer Certified Associate
Total Questions: 137 Q&A
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NEW QUESTION: 1
A company is based in Country Y whose functional currency is Y$. It has an investment in Country Z whose functional currency is Z$.
This year the company expects to generate Z$ 10 million profit after tax.
* Corporate income tax rate in country Y is 50%
* Corporate income tax rate in country Z is 20%
* Full double tax relief is available
Assume an exchange rate of Y$ 1 = Z$ 5.
What is the expected profit after tax in Y$ if the Z$ profit is remitted to Country Y?
A. Y$ 31.25 million
B. Y$ 1.00 million
C. Y$ 4.00 million
D. Y$ 1.25 million