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Luba_88 [7]
4 years ago
6

The interest paid on a municipal bond, otherwise known as a muni, is generally exempt from federal income taxes. therefore, the

coupon rate on these bonds is considerably lower than a corporate bond of equivalent risk. true or false?
Business
1 answer:
Ratling [72]4 years ago
4 0
That statement is true
A corporate Bond is way more senstive to the condition of the market which will affect the volatility of its value. Since government could technically produce their money from the federal reserve, the municipal bond is technically will always be paid (by risking inflation)
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LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $620
Gnom [1K]

Answer:

LeCompte Corp.

The profit margin that LeCompte Corp. would need in order to achieve the 15% ROE, holding everything else constant is:

A) 7.57%.

Explanation:

a) Data and Calculations:

Assets = $312,900

Common Equity = Assets = $312,900

Sales for the last year = $620,000

Net income after taxes = $24,655

Expected return on equity (ROE) = 15%

ROE (in amount) =  $312,900 * 15% = $46,935

Profit margin = Returns on Equity/ Sales * 100

= $46,935/$620,000 * 100

= 7.57%

b) The expected returns on equity in dollars is equal to the net income.  Therefore, we can use the ROE to calculate the profit margin.  The profit margin expresses the relationship between sales and profit.  It shows the profit made from each dollar sales.

4 0
3 years ago
Potter Corporation has gained considerable market share in recent years for its​ specialty, low-volume, complex line of​ product
Oksana_A [137]

Answer:

Potter Corporation should turn to activity-based costing.

Explanation:

Potter Corporation should change to activity-based costing. Since Its present system seems to be deforming product costs, resulting in prices of specialty products that are below average and prices of simple products that are too high. This may lead Potter to push products that produce low profit margins.

7 0
3 years ago
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Which accounts would be affected for the following transaction: "Received an invoice from a supplier for repair services perform
Sophie [7]

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Debit Bank; Credit Accounts Payable

Debit Repair Expense; Credit Accounts Payable

5 0
2 years ago
In this assignment, you'll use a word processor to create a newsletter based on the following scenario: Suppose that you are a s
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A high school secretary is under obligation to convey the students regarding the rules and regulations as well as the upcoming events that are about to take place in a high-school through a newsletter.

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A newsletter is attached in the form of an image with this part for the purpose of reference.

Hence, a newsletter that is required to be circulated by the high-school secretary will be in the form of the image being attached.

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#SPJ1

6 0
2 years ago
Donna’s philosophy as she coordinates her firm’s marketing efforts is to keep in mind the company’s overarching strategy, and to
klio [65]

Answer:

Explanation:

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IMC not only ensure the integration of promotional or marketing tools to ensure harmony, it also ensures that marketing activities are constantly in line with the firm's strategies and objectives.

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