Answer:
yield to maturity of more than 6.29%
Explanation:
given data
maturity = 4.22% = 0.0422
marginal tax rate = 33.00% = 0.33
solution
as here we get the yield to maturity of corporate bonds when tax rate is 33% that is
yield to maturity of corporate bonds = maturity ÷ ( 1- marginal tax rate ) ...............1
put here value and we will get
yield to maturity of corporate bond = 
yield to maturity of corporate bond = 0.062985
yield to maturity of corporate bond = 6.29 %
Answer:
under-applied overheads is $1,340
Explanation:
Note : I have attached the full question/similar as an image below.
Actual Overheads = $594,960
Applied Overheads = $594,960 / 22,200 x 22,150 = $593,620
Since,
Actual Overheads > Applied Overheads, overheads have been under-applied.
Amount of under-applied overheads is $1,340 ($594,960 - $593,620).
Answer:
a. The role of Finance is to use the numbers developed through accounting to aid in decision making.
Explanation:
Finance department is solely responsible for making any conclusions from the financial statements.
Accounts basically helps in maintaining and preparing the financial statements and it represents the true and fair view.
But all the conclusions are drawn by the finance department.
That is the basic role of financing to help the management, draw conclusions and from such conclusions the decisions for further running the business.
Answer:
Option (D) is correct.
Explanation:
Initial price = $7
Initial quantity supplied = 4,500
New price = $9
New quantity supplied = 5,500
Percentage change in Quantity supplied:
= (Change in quantity supplied ÷ Initial quantity supplied) × 100
= [(5,500 - 4,500) ÷ 4,500] × 100
= (1,000 ÷ 4,500) × 100
= 0.22 × 100
= 22%
Percentage change in price:
= (Change in price ÷ Initial price) × 100
= [($9 - $7) ÷ $7] × 100
= ($2 ÷ $7) × 100
= 0.2857 × 100
= 28.57%
Therefore, the price elasticity of supply is as follows:
= Percentage change in quantity supplied ÷ Percentage change in price
= 22 ÷ 28.57
= 0.77
Hence, the price elasticity of supply of oranges is inelastic, since it is less than 1.
Answer:
Amount owed on a loan for the land = $80,000
Payment in cash for the loan = $80,000
(1) Assets decreases by $80,000 as cash is used for the payment of loan.
(2) Liabilities also decreases by the $80,000 i.e decrease in liability as the loan is settled down.
(3) Stockholders' equity: There is no change occurred in the seller's stockholders equity.
