Stephanie's marginal tax rate is 15%.
<u>Explanation:</u>
The Average tax rate is 8%
she pays $3.75 as the tax on $25 which makes tax rate at this point =3.75/25
= 15%
The Marginal tax rate is the percentage of income that has to be paid as tax as a result of a change in the income bracket.
For instance, if tax rate until $1-$1000 is 10%
and for $1000 and above is 20%.
So for every $ earned over and above $1000.The marginal tax rate for that sum is 20%.
Answer:
Economies of scope
Explanation:
Economies of scope is a benefit that a company has by producing a a wide range of products or services which reduces the unit cost. In this case of a financial institution, offering more credit cards to a large number of people will help them achieve their desired cost savings. Economies of scope is achieved when it provides a business with ways to generate operational efficiencies.
There are 13 federal courts of appeal
In this assignment, you will develop a more personalized understanding of the Balanced Scorecard concept and see how your vision and mission can be linked to your goals and objectives. Using the S-M-A-R-T tools in section 6.7 of Chapter 6 in the text, create your own list of goals and objectives.
Create 4 to 5 S-M-A-R-T goals and objectives and demonstrate how they link to your Strategy Diamond and personal vision and mission statements.
Answer:
$943.77
Explanation:
We use the present value formula i.e to be shown in the attachment below:
Data provided in the question
Future value = $1,000
Rate of interest = 11% ÷ 2 = 5.5%
NPER = 9 years × 2 = 18 years
PMT = $1,000 × 10% ÷ 2 = $50
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the market price of the bond is $943.77
