Answer:
Payment to suppliers was $ 17,100
Credit sales was $37,200
Explanation:
Please refer to the attached for working.
Answer:
a. Rate of return is 4.81%
b. He will receive the same return of 4.81% percent as the fund manger have.
Explanation:
a.
Start of the year NAV = $22 x 103% = $22.66
End of the year NAV = $23.10 x 0.92 = $21.25
Change in Price = 21.25 - 22.66 = - $1.41
Rate of Return = (( Change in NAV + Distribution received ) / start of the year NAV) x 100
Rate of Return = (( -$1.41 + $2.5 ) / 22.66 ) x 100
Rate of Return = 4.81%
b.
He will receive the same return of 4.81% percent as the fund manger have.
Answer:
The correct answer is U.S. Department of Treasury
.
Explanation:
The Department of the Treasury is not a part of the Federal Reserve, but instead, both entities work together to maintain the country's economy.
The Department of the Treasury is in charge of printing money, collecting taxes, and interacting on financial advice with the president. This department was created in 1789, even before the federal reserve appeared in 1913.
The Federal Reserve acts as the country's lender, granting credits, balancing the economy, and maintaining the value of money.
Answer:
6.03%
Explanation:
The computation of the required rate of return is shown below:
Required rate of return = Annual preference dividend ÷ expected sale price
= $5.55 ÷ $92
= 6.03%
By dividing the annual preference dividend by the expected sale price we can get the required rate of return and the same is shown above
Hence, the required rate of return is 6.03%
Answer:
24.89 percent
Explanation:
The first $50000 is taxed at 15%;
The next (75000 - 50000) = $25000 is taxed at 25% and so on.
then:
Total taxes
= (50000*0.15) + (25000*0.25) + (25000*0.34) +(18740*0.39)
= $29558.60
Then the average tax rate is given by:
=Total taxes/Taxable income
= $29558.60/$118740
= 24.89%
