Answer:
B. order priority provisions
Explanation:
When investors want to purchase municipal bonds in the primary markets, it is important for the issuer to prioritise orders from investors in a bond offering.
The underwriter must follow the issuer's priority of orders in allocating purchase orders for municipal bonds.
So in a competitive municipal syndicate when a customer asks for order priority provisions, it must be provided by the dealer.
This shows transparency of the process to the investor as he now knows when each order will be filled.
Answer:
Calculate the tax consequence of withdrawal from retirement account.
T and L are 40 years old and decide to withdraw $2,100 from their IRA. They lie in a 35% marginal tax bracket.
Analysis
They are withdrawing some amount from their retirement fund. They have to pay the tax and penalty for early withdrawals from the retirement fund. The withdrawal amount is $2,100 so they have to pay tax on it. The tax rate will be 35% which is their marginal tax bracket.
Calculation of tax consequences if withdrawal amount is $2,100:
Ordinary income tax amount calculates by multiplying the withdrawal amount with the ordinary tax rate.
= $2100 × 35%
= $735
The withdrawal amount attracts the 10% penalty. So, the penalty amount is calculated as follows: Penalty on withdrawn funds calculates by multiplying the withdrawn funds with the percentage of penalty.
= $2100 × 10%
= $210
(NOTE: - T and L have to pay ordinary income tax along with the penalty on their withdrawal because they are withdrawing funds from their IRA before age 59.5.)
Total expenses include the tax amount and penalty charge on withdrawal amount. So, it is calculated as follows:
Total expenses =$735 + $210
Total expenses = $945
Conclusion
Therefore, T and L would incur a tax of $945 on their withdrawal. This $945 is the sum of income tax amount and penalty on withdrawal balance.
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Answer:
267 output
Explanation:
The computation of the output produced in the short run is shown below:
As it is given that
AVC i.e average variable cost function = 4.0 - 0.0024Q + 0.000006Q^2
And,
FC i.e fixed cost = $500.
Plus we know that
Total variable cost i.e TVC = AVC × Q i.e Quantity
So,
AVC × Q = TVC
= 4Q - 0.0024Q^2 + 0.000006Q^3
And,
The total cost = Total variable cost + Fixed cost
So,
TC = TVC + FC
= 4Q-.0024Q^2 + .000006Q^3 +$500.
And, the MC i.e marginal cost is
= Total cost ÷ Quantity
MC = 4 - 0.0048Q + 0.000018Q^2
MC = 4
So,
Price = MC i.e 4
4 - .0048Q + .000018Q^2 = 4
So after solving this Q is 266.67 i.e 267 output
