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Romashka-Z-Leto [24]
3 years ago
10

The interest on some municipal bonds is tax free, in contrast to the interest on corporate bonds. If the current annual interest

rates on otherwise similar(i.e., maturity, credit risk, liquidity) municipal and corporate bonds are 1.48\%1.48% and 1.80\%1.80%, respectively, what is the implied tax rate?

Business
1 answer:
igomit [66]3 years ago
4 0

Answer:

17.77%

Explanation:

Please see attachment

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semiannually

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What is one downside to environmental-protection laws?
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In its income statement for the year ended December 31, 2019, Sheridan Company reported the following condensed data. Operating
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Answer&Explanation:

Net Income Statment for the Year Ended December 31,2019

Net sales 2,416,300

Cost of goods sold (1,334,200)

<em>Gross Profit 1,082,100 Sales - COGS</em>

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Interest expense (71,270)

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6 0
3 years ago
On January 1, 2018, Ogleby Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for O
Olin [163]

Answer:

With respect to this lease, for 2018 Ogleby should record interest expense of $57,058 and depreciation expense of $107,225. The right answer is c

Explanation:

According to the given data we have the following:

PV of lease=$750,578

Annual payment=$180,000

Rate of interesr=10%

The interest expense would be calculated as follows:

Interest expense = ( PV of lease - Annual payment ) * Rate of interest

Interest expense = ( $750,578 - $180,000 ) * 10%

Interest expense = $57,058

Therefore, With respect to this lease, for 2018 Ogleby should record interest expense of $57,058 and depreciation expense of $107,225.

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3 years ago
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