Answer:
The justification for a lower tax rate on capital gains relative to ordinary income is threefold: it is not indexed for inflation, it is a double tax, and it encourages present consumption over future consumption. ... Future personal consumption, in the form of savings, is taxed, while present consumption is not.
Explanation:
<span>He is a quality control associate. This employee looks for the best ways to perform a task and makes sure that the company adheres to these quality control measures. The associate also makes sure that the output of the job meets up with company and regulatory standards.</span>
Answer:
Option (a) is correct.
Explanation:
The law of comparative advantage states that a country is producing and exporting a good in which it has a comparative advantage and importing a good in which it has a comparative disadvantage.
Therefore, this will make the countries more specialized and there is an exchange of goods among the trading nations.
Each country is then specialized in the production of a good in which it has a comparative advantage and hence, the joint output of the trading nations increases.
Answer:
gross profit under FIFO = $40,570 - $25,220 = $15,350
gross profit under LIFO = $40,570 - $26,340 = $14,230
gross profit under weighted average = $40,570 - $26,240 = $14,330
gross profit under specific id. = $40,570 - $26,070 = $14,500
Explanation:
sales revenue = (290 x $86.60) + (160 x $96.60) = $40,570
COGS under FIFO:
130 x $51.60 = $6,708
160 x $56.60 = $9,056
80 x $56.60 = $4,528
80 x $61,60 = $4,928
total COGS = $25,220
COGS under LIFO:
240 x $56.60 = $13,584
50 x $51.60 = $2,580
160 x $63.60 = $10,176
total COGS = $26,340
COGS under weighted average:
weighted average = [(130 x $51.60) + (240 x $56.60) + (100 x $61.60) + (180 x $63.60)] / 650 = $58.31
450 x $58.31 = $26,239.50 ≈ $26,240
COGS under specific method:
80 x $51.60 = $4,128
210 x $56.60 = $11,886
60 x $61.60 = $3,696
100 x $63,60 = $6,360
total COGS = $26,070
Answer:
$207.06 million
Explanation:
First and foremost, it should be borne in mind that the price of a zero-coupon bond is the present value of its face value since the bond does not pay any coupons over its tenor as shown thus:
PV of bonds=FV/(1+i)^n
PV of bonds=amount required=$111 million
FV=face value=the unknown
i=semiannual yield = 4.2%/2=2.1%
n=number of semiannual periods in 15 years=15*2=30
$111=FV/(1+2.1%)^30
FV=$111*(1+2.1%)^30
FV=$207.06 million
