That is true, hope that helps !
Based on the information given Andrew’s net federal income tax rate is c. 11.8%.
Using this formula
Net federal income tax rate=Federal income taxes / Taxable income
Where:
Federal income taxes= $5,345.40
Taxable income=$45,300
Let plug in the formula
Net federal income tax rate=$5,345.40/$45,300
Net federal income tax rate=0.118×100
Net federal income tax rate=11.8%
Inconclusion Andrew’s net federal income tax rate is c. 11.8%.
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Answer:
D) 1,200 shares held at a cost basis of $37.50 per share
Explanation:
Since the company paid a stock dividend, it increased the number of stocks held by the stockholders. The investor initially had 1,000 shares plus a 20% dividend = 1,000 x 1.2 = 1,200 shares. Since each stock should theoretically be worth less, his/her basis should decrease. The basis for each stock was $44(price) + $1(commission) = $45, after the dividend is paid it will be adjusted to $45 / 1.2 = $37.50 per stock
<span>A debenture is a type of debt instrument that is not secured by physical assets or collateral. Debentures are backed only by the general creditworthiness and reputation of the issuer. Both corporations and governments frequently issue this type of bond to secure capital. Like other types of bonds, debentures are documented in an indenture.
Debentures have no collateral. Bond buyers generally purchase debentures based on the belief that the bond issuer is unlikely to default on the repayment. An example of a government debenture would be any government-issued Treasury bond (T-bond) or Treasury bill (T-bill). T-bonds and T-bills are generally considered risk free because governments, at worst, can print off more money or raise taxes to pay these types of debts.
Debentures are the most common form of long-term loans that can be taken out by a corporation. These loans are normally repayable on a fixed date and pay a fixed rate of interest. A company normally makes these interest payments prior to paying out dividends to its shareholders, similar to most debt instruments. In relation to other types of loans and debt instruments, debentures are advantageous in that they carry a lower interest rate and have a repayment date that is far in the future.</span>
Answer:
The volume of water needed=0.86 liters
Explanation:
Step 1: Form an equation
The equation can be expressed as follows;
(Ac×Va)+(Wc+Vw)=Fc(Va+Vw)
where;
Ac=initial concentration of antifreeze
Va=volume of antifreeze in liters
Wc=concentration of water
Vw=volume of the water in liters
Fc=final concentration of the antifreeze
This expression can be written as;
(concentration of antifreeze×volume of antifreeze in liters)+(concentration of water×volume of the water)=final concentration of the antifreeze(volume of antifreeze in liters+volume of the water in liters)
In our case;
Ac=45%=45/100=0.45
Va=3 liters
Wc=0
Vw=unknown
Fc=35%=35/100=0.35
Replacing;
(0.45×3)+(0×Vw)=0.35(3+Vw)
1.35=1.05+0.35 Vw
0.35 Vw=1.35-1.05
0.35 Vw=0.30
Vw=0.3/0.35=0.86
Vw=0.86 liters
The volume of water needed=0.86 liters
