The concept of a foreign company in a country facing the same tax burden as its domestic competitors is knows as:

		Nuetral morality
		Worldwide morality
		Domestic morality
		Foreign neutrality
		Domestic neutrality

Fresh Farm Fruits (FFF) is an American parent company with a subsidiary in Brazil and another subsidiary in Canada. Before shipping goods to the Brazilian subsidiary, the Canadian subsidiary will require:

		A confirmed and an irrevocable letter of credit
		A contract detailing the terms of the transaction
		An irrevocable letter of credit
		A confirmed letter of credit
		An unconfirmed letter of credit

U.S. Fertilizers has received an order for USD 1,000,000 from a customer in Argentina. The exporter is considering an export insurance for a 2% premium, which is a flat fee.

The exporter will finance the USD 1,000,000 receivable from the Argentine customer at 6% per annum for 3 months. U.S. Fertilizers will use its credit line for financing. What is the exporter's annualized percentage all-in-cost? [AIl-in-cost = Total costs/Amount received]

		7.25%
		3.63%
		12.02%
		14.51%
		6.01%