An American Computer Is Priced at $1,200

question 66

Multiple Choice

An American computer is priced at $1,200.If the exchange rate between the U.S.dollar and the Japanese yen is $0.01 per yen,the equivalent price of the computer in yen is approximately __________ yen.

• A) 12,000
• B) 12
• C) 1,200,000
• D) 120,000

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Definitions:

Income Tax Payable

The amount of income tax a company or individual owes to the government but has not yet paid.