The correct statement is when claims are denied.
<h3>What is the commercial paper? What is the duration of the commercial paper?</h3>
The commercial papers are the short term money market instruments, that are issued by the companies which holds a good credit rating.
Usually, the maturity date of the commercial paper lies between the fifteen days or up to one year.
The companies mostly issued the commercial papers to meet their short term liabilities.
Learn more about the commercial paper here:-
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Answer:
$6.48
Explanation:
A pack of six costs $ 1.50
A pack of 24 will cost $(1.50 x 4)= $ 6
8% tax will be: 8/100 x 6= .08x6= 0.48
Total = $6+$ 0.48 = $6.48
Answer: See explanation
Explanation:
a. What are the amount and nature of Dennis’s loss upon closing the short sale?
Sales consideration = $100 × $152 = $15200
Less: Closing Value of Short sales = 100 × $190 = $19000
Short term capital loss = $3800
b. When does the holding period for the remaining 100 shares begin?
The holding period for the remaining 100 shares begin on May 2, 2020, which was when the short sale was closed.
c. If Dennis sells (at $27 per share) the remaining 100 shares on January 20, 2017, what will be the nature of his gain or loss?
Sales consideration = 100 × $27 = $2700
Less: Base value = $19000
Short term capital loss = $16300
Answer:
- After-tax interest rate ⇒ 3.2%
- True tax on interest income ⇒ 20%
Explanation:
After-tax real interest rate:
= Real interest rate * (1 - tax rate)
= 4% * (1 - 20%)
= 4% * 80%
= 3.2%
True tax on interest income:
= 20%
True tax on interest income is the tax rate levied on the nominal interest rate which is 20%.
Answer:
c. Risk is higher if a company has more assets.
Explanation:
Financial leverage is the measurement of risk based on the debt of the company. More liabilities involves high risk because company does not have enough to pay for the it's liabilities. If company has more assets then the risk if lower because company is able to pay its liabilities from its assets. The statement " Risk is higher if a company has more assets" is incorrect.
