McCulloch v. Maryland represented a power struggle between the State and Federal law. It was a landmark decision by the Supreme Court of the United States. The state of Maryland had attempted to impede operation of a branch of the Second Bank of the United States by imposing a tax on all notes of banks not chartered in Maryland. Though the law, by its language, was generally applicable to all banks not chartered in Maryland, the Second Bank of the United States was the only out-of-state bank then existing in Maryland, and the law was recognized in the court's opinion as having specifically targeted the U.S. Bank.
Every<span> transaction affects at least two </span>accounts<span>. The first relates to the reason for the income or expense. For example, if you sell a crib, you might record the ...</span>
Answer:
A. 96
Explanation:
I just had that question i got it right
Answer:
The correct anwer is A. 22$.
Explanation:
The contribution margin is calculated by subtracting variable cost from sale price. Here in the above given question 57 dollars is sale price per unit and 35 dollars is variable cost. Hence subtracting 35 from 57 gives us the final answer i.e. 22$.
Answer:
MIRR -16.50%
They should reject the project is it destroys capital it do not meet to pay up the cost of the investment.
A typical firm’s IRR will be greater than its MIR
If the project yields higher than the cost of capital the IRR will be higher than the MIRR as reinvest the cashflow at the project yield rather than copany's cost of capital, thus it overstate the return.
Explanation:
WACC (cost of capital, reinvestment and financiation rate) = 7%
<em>Cash inflow:</em>
Year 1 275000 336,886.825
Year 3 450000 481500
Year 4 450000 450000
Total 1,268,386.825
<em>Cash outflow:</em>
F= -2,500,000
Year 2 -125000 - 109, 179.841
Total 2,609,179.841
Now we can solve for MIRR:
MIRR - 16.49991% = -16.50%