The tax-exempt is 6.48 %
<h3>How to calculate the tax-exempt ?</h3>
The bond yield is 9%, let's divide 9% by 100
= 9/100
= 0.09
The marginal tax rate is 28%, let's divide 28% by 100
= 28/100
= 0.28
Therefore the tax-exempt can be calculated as follows
0.09(1-0.28) × 100
= 0.09(0.72) × 100
= 0.0648 × 100
= 6.48
Hence the tax-exempt is 6.48%
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Answer:
(1) $132,000
(2) $66,000
Explanation:
Selling price per unit:
= Sales ÷ No. of units
= $400,000 ÷ 5,000
= $80
Variable cost per unit:
= variable cost ÷ No. of units
= $247,000 ÷ 5,000
= $42
Alternative 1:
Contribution margin = Sales - variable cost
= (5,000 × $80 × 1.1) - (5,000 × $42)
= $440,000 - $210,000
= $230,000
Net income = Contribution margin - Fixed cost
= $230,000 - $98,000
= $132,000
Alternative 2:
Contribution margin:
= sales - variable cost
= $400,000 - ($400,000 × 59%)
= $400,000 - $236,000
= $164,000
Net income = Contribution margin - Fixed cost
= $164,000 - $98,000
= $66,000
The answer is Law of Diminishing Marginal Utility.
pay as much as possible each month. This saves finance charges in long run.
Answer:
See the explanation below
Explanation:
Share of net income = 30% × $40 million = $12 million
Dividend received = 20 million × $1 = $20 million
The journal are as follows:
<u>Details Dr ($'million) Cr ($'million) </u>
Investment in Nursery Supplies Inc. 63
Cash 63
<u><em>Being the cash payment for investment in Nursery Supplies Inc. </em></u>
Investment in Nursery Supplies Inc. 12
Investment income 12
<em><u>Being the a share of net income of Nursery Supplies Inc. </u></em>
Cash 20
Investment in Nursery Supplies Inc. 20
<u><em>Being dividend received from Investment in Nursery Supplies Inc. </em></u>
