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Oksana_A [137]
3 years ago
6

If Julius has a 30% tax rate and a 10% after-tax rate of return, a $40,000 tax deduction in two years will save how much tax in

today's dollars? Use Exhibit 3.1. (Round present and future value amounts to 3 places)
Business
1 answer:
Tasya [4]3 years ago
7 0

Answer: $9,912.

Explanation: The easy way to calculate the answers as follows

$40,000 × .30 (tax rate) × .826 (Discount Factor, 10%, 2 years) = $9,912.

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Jim is in the market for a car that will last for the next 10 years and has saved up some money for the purpose of a car. What’s
Aleks [24]
A bike, because then all the money he has saved for a car can go into a super raw bike that he can trick out and it will last longer as well as save him money. 
3 0
3 years ago
Which of the following is a characteristic of a current liability?
QveST [7]

Hey Friend.

A is the answer.

Current liability represent debts that will be repaid within a year. e. g. Accounts payable (creditor), bank overdraft, expenses owing, prepaid revenue.

4 0
3 years ago
The All-Star Basic Value Fund's portfolio is valued at $386.2 million. The fund has liabilities of $8.6 million, and the investm
Vera_Pavlovna [14]

Answer:

Net Asset Value of the fund = $377.6 million

Explanation:

Net Asset Value 9NAV) is the value per share in a portfolio.

Provided information,

All Star Basic Value Fund value = $386.2 million

Liabilities of fund = $8.6 million

Net Asset Value = $386.2 - $8.6 = $377.6 million

Net Asset Value per share = \frac{377,600,000}{18,600,000} = 20.30

Therefore, Net Asset Value of the fund = $377.6 million

And NAV per share = $20.30

7 0
3 years ago
Barney Corporation recognized a $100 million preferred stock balance on 12/31/2019.
mrs_skeptik [129]

Answer:

C. $120m

Explanation:

As per the given situation, the calculation of the ended year the preferred stock is shown below:

Ending preferred stock balance

= Beginning balance of preferred stock + new issuance of preferred stock

= $100 million + $20 million

= $120 million

Therefore, for computing the ending preferred stock balance we simply applied the above formula and ignore all other values as they are not relevant. So the correct answer is C.

5 0
4 years ago
TooEarly, Inc. is a calendar year corporation. On January 3rd of the current year at the request of TooEarly management, Grand S
denis23 [38]

Answer:

Next year

Explanation:

Since in the question, it is given that the only the corporate shareholder sells all of its shares to Bill Brady who is an individual and on the current year too early filed the S corporation status

Now the TooEarly will be eligible for the next year as the TooEarly has a non-qualified shareholder but the S corporation treatment is available for the following year

4 0
3 years ago
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