Answer:
Consider the following explanation
Explanation:
Foreign tax credit allowable is the minimum of Federal Income Tax and Income tax paid in foreign country. Here, Jimenez had paid 40% (2,000,000/5,000,000) income tax in foreign country. So. Jimenez will only be eligible to take foreign tax credit of 1,050,000 i.e. 5,000,000 * 21% and there will be carryover of $950,000 (2,000,000 - 1,050,000) foreign taxes.
There is carryover tax when we cannot use the whole amount of foreign tax credit in the current year and the balance foreign tax is carried over to future years.
Original price = $500
Assume that the tax rate is 8%
Cost of the TV plus tax = 500*1.08 = $540
Worth of the 25% coupon = 0.25*540 = $135
Reduced price = 540 - 135 = $405
The cost of the TV with a coupon for 25% off excluding tax is $405.
Answer: $405
Answer:
5.7 1
Explanation:
Given:
- Earning expect: $100,000
- Grow rate: 3% = 0.03 (g)
- Discount rate: 10% = 0.1 (r)
- Number of shares: 250,000
We need to find the EPS because all of the earnings are paid out as dividends
= $100,000/250,000 shares
= $0.4
=> Current price:
P = D1 / (r-g)
<=> P = 0.4 (0.1 - 0.03) = 5.7 1
So the price per share of stock is 5.7 1
Hope it will find you well
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