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MArishka [77]
3 years ago
11

A municipal bond carries a coupon rate of 5.45% and is trading at par. What would be the equivalent taxable yield of this bond t

o a taxpayer in a 30% combined tax bracket?
Business
1 answer:
podryga [215]3 years ago
4 0

Answer:

7.78%

Explanation:

Equivalent taxable yield can be calculated as follows

Equivalent taxable yield = Coupon rate / 1 - Tax Rate

Equivalent taxable yield= 5.45%/ 1 - 30% x 100

Equivalent taxable yield = 7.78%

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6 0
2 years ago
Trade between individuals and between nations leads to: Trade between individuals and between nations leads to: higher product p
kondor19780726 [428]

Answer:

The correct answer is B.

Explanation:

Trade between individuals and between nations leads to: Increased Specialization

3 0
2 years ago
Melrose Company has an investment in bonds issued by Roscoe Industries that are classified as available-for-sale securities. The
Andrews [41]

Answer:

c. Debit to Fair value adjustment for $30,000

Explanation:

The first step of accounting process is Journal entry and it is made to record the transactions for process of book keeping, it defines the accounts involved and effects of  transactions on the account by debit or credit.

As the bond price is amortized earlier by 5,000 then its net realizable value was $195,000 ( $200,000 - $5,000 ). on December 31, year 3 the fair value adjusted to $225,000. so the adjusted value will be $30,000 ( $225,000 - $195,000 ). The journal entry is as follow  

                                                                    Dr.               Cr.

Dec 31, year 3

Fair value adjustment account              30000

Unrealized gain on available for sale securities        30000

4 0
3 years ago
What is the purpose of the pre-accident plan?
Natalija [7]
Having an established plan reduces the confusion that sometimes occurs with an accident. ... As part of the pre-accident planning, assign specific roles or duties to key personnel. These employees control specific aspects of the accident response to keep a handle on the situation. In short form, it is t<span>o establish procedures which result in preventing </span>accidents<span>.</span>
7 0
3 years ago
On January 1, 2017, Sunland Industries had cash and common stock of $196000. At that date the company had no other asset, liabil
Dafna1 [17]

Answer:

$32,980

Explanation:

The computation of comprehensive income is shown below:-

Comprehensive income = Cash dividend + Unrealized holding gain

= $11,800 + $31,800

= $32,980

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Net revenue involves operating and non-operating income, net of expenses . Other comprehensive profits consisted of unrealized gains or losses, cash flow hedges.

So in this question we considered the dividend and unrealized holding gain as an comprehensive income

5 0
2 years ago
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