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Offshore Financial Center
It is a location with banking facilities to accept deposits and make loans in currencies various from the currency's country of origin. Banks located in offshore financial centers are exempt from the bank's home country banking regulations. All off- shore financial centers, including those in the United States, offer tax preferences-commonly, but not always, in the form of tax-free remittances of earnings to an offshore parent organization.
Valuing Debt Securities Securities which promise to pay its investors a stated rate of interest and return principal amount at the maturity date are known as debt securities.
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QUESTION 1 [25 marks] Xelo Ltd, whose current sales consist of fixed operating costs of R140 000 and variable operating costs equal to 22% of sales, has made the following two sale
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