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3 years ago

A progressive tax system is one in which higher-income people pay ____ than lower-income people.

1 answer:

3 0

More.

The idea is that the more money you earn, the larger percentage you can afford to pay out of that income to support roads, schools, etc.

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Harris Inc. has EBIT of $1,500 and debt of $5,000 on which it pays 12% interest. Its EPS is currently $2.35 per share. Managemen

Bond [772]

Answer:

Ans. The new EPS be if that happens will be $1.57

Explanation:

Hi, first let´s introduce the equation we need to find the EPS.

$EPS=\frac{((EBIT-Int)(1-Tax)}{Shares}$

And since we know that the next EBIT will decline by 20%, our new EBIT will be 80% of the initial EBIT, so we solve the last equation for (1-tax) and we get the following 2 equations.

$(1-Tax)=\frac{EPS(1)*Shares}{(EBIT-Int)}$

$(1-Tax)=\frac{EPS(2)*Shares}{(0.8*EBIT-Int)}$

Our interest expense (Int) is $5,000*0.12= $600, EBIT is 1,500, 0.8*EBIT=1,200, EBIT(1)=$2.35, so we solve for EPS(2) the followiong equation.

$\frac{EPS(2)*Shares}{(0.8*EBIT-Int)}=\frac{EPS(1)*Shares}{(EBIT-Int)}$

$\frac{EPS(2)}{(0.8*EBIT-Int)}=\frac{EPS(1)}{(EBIT-Int)}$

$EPS(2)=\frac{EPS(1)*(0.8*EBIT-Int)}{(EBIT-Int)}$

$EPS(2)=\frac{2.35*(1,200-600)}{(1,500-600)} =\frac{1,410}{900} =1.57$

Therefore, our new EPS if the company´s EBIT drops by 20% would be $ 1.57.

Best of luck.

3 0

3 years ago

The ethics code that defines the values that help create an ethically-sound environment for all workers and outlines the shared

Nadya [2.5K]

Answer: Integrity Based Ethical Code

Explanation:

The integrity based ethical code is basically refers to the moral principle and the values of an organization that helps in maintain the rules and regulations of the company as it support the various types of values and ethically behavior.

In the integrity based ethical code, we set the values for the employees of the company and also conducting the green business by treating the consumers based on their rights.

According to the given question, the ethics code creating the ethical environment in an organization for all the employees and also outlining the accountability the this is known as Integrity Based Ethical Code .

Therefore, Integrity Based Ethical Code is the correct answer.

6 0

3 years ago

According to the interest rate effect, as the price level decreases, households and firms' holdings of money ____, interest rate

nasty-shy [4]

B..............................

4 0

3 years ago

Madsen Motors's bonds have 14 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon i

gregori [183]

Answer:

Bond price= = $869.84

Explanation:

Given data:

Face value (F)=$1000

Interest rate (i)=10%

Coupon rate (c)= 7% annually

No of year n = 14

we know that bond price is given as

$Bond price= C\times \frac{1-(1+r)^{-n}}{r}+\frac{F}{(1+r)^n}$

putting all value to get the desired value

$= 0.07 \frac{1-(1+0.10)^{-14}}{0.10}+\frac{1000}{(1+0.10)^14}$

= $869.84

5 0

3 years ago

The existence of conflict has a positive side which can stimulate the following EXCEPT FOR:_________.

DedPeter [7]

Answer:

B) complacency.

Explanation:

Conflict can be defined as a state of misunderstanding or disagreement between two or more parties, as a result of breakdown in decision making. It is usually caused by factors such as dissent of beliefs, opinions, needs, values, resources, attitudes, ideologies, goals etc. It is generally perceived that conflict usually has a negative consequence.

However, the existence of conflict has a positive side which can stimulate the following innovation, change, creativity but not complacency because it connotes a negative effect of unsatisfaction.

7 0

3 years ago