Answer:
29.69%
Explanation:
Franklin corporation just paid taxes of $152,000
The taxable income is $512,000
Therefore, the average tax rate can be calculated as follows.
= Amount of taxes paid/amount of taxable income
= $152,000/$512,000
= 0.2969×100
= 29.69%
Hence the average tax rate for Franklin's corporation is 29.69%
Answer:
$1,197.94
Explanation:
For determining the current dollar price we have to applied the present value formula which is to be shown in the attachment below:
Given that,
Future value = $1,000
Rate of interest = 5.7% ÷ 2 = 2.85%
NPER = (13 years - 1 years) × 2 = 24 years
PMT = $1,000 × 8% ÷2 = $40
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
After applying the above formula, the current dollar price of the bond is $1,197.94
Answer:
Explanation:
a. Parties who legally own the company
The kind of corporation that is owned by the shareholders is a stock insurer. While when policy holders elect board of directors then that is call a mutual insurer. This board of director enjoys control over the management control of the corporation.
b. Right to assess policyholders additional premiums
An asses sable policy can not be issued by the stock insurers, however policy of such kind can be issued by the mutual insurer. For mutual insurer, this policy depends on what kind of insurer is in place.
c. Right of policyholders to elect the board of directors
For stock insurer, its is the stockholders who elect the board of directors. While for mutual insurer, its the owners who elect the board of directors who have an effective control over the management.
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Answer:
Option A (Raises wages and employment in that industry)
Explanation:
A union is a group of people from a specific profession that protests/voices their opinions, concerns, and/or matters that they think are necessary for them to stay in that specific profession.
Labor unions give workers the power to negotiate for more favorable working conditions and other benefits through collective bargaining. Union members earn better wages and benefits than workers who aren't union members. On average, union workers' wages are 28 percent higher than their nonunion counterparts.
