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shutvik [7]
3 years ago
10

Matt recently deposited $31,250 in a savings account paying a guaranteed interest rate of 5.5 percent for the next 10 years. Req

uired: If Matt expects his marginal tax rate to be 22.00 percent for the next 10 years, how much interest will he earn after-tax for the first year of his investment
Business
1 answer:
Maksim231197 [3]3 years ago
6 0

Answer:

Matt will earn $1,340.63  after-tax for the first year of his investment.

Explanation:

The interest to be received = amount of deposit * annual interest rate * (1 – tax rate)

= $31,250 * 5.5% * (1-22%)

= $1,340.63

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I believe the answer is B! Let me know if I am right:)
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3 years ago
The 2016 balance sheet of Whole Foods Market reports operating assets of $5,489 million, operating liabilities of $2,066 million
frosja888 [35]

Answer:

Correct option is E.

Explanation:

There is not enough information to calculate the amount.

Net operating asset= Operating Assets  - Operating Liabilities

=$5489 Million - $2066 Million

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8 0
3 years ago
A local family-run Greek restaurant has been a part of the community for twenty years. Their mission is to provide local, fresh,
Furkat [3]

The correct answer to this open question is the following.

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8 0
3 years ago
Randy’s Pizza delivers pizzas to dormitories and apartments near a major state university. The company's annual fixed costs are
riadik2000 [5.3K]

Answer:

a. 8,200 pizzas

b. 17,400 pizzas

c. $17,100

Explanation:

The computation is shown below:

a. For break even point

= (Fixed expenses ) ÷ (Contribution margin per unit)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $9 - $5

= $4

So, the break even point is

= $32,800 ÷ $4

= 8,200 pizzas

b. For target profit

The break even point is

= (Fixed expenses + target profit) ÷ (Contribution margin per unit)  

= ($32,800 + $36,800) ÷ $4

= 17,400 pizzas

c. And, the margin of safety in dollars is

= (Total sales - break even sales) × selling price per unit

= (10,100 pizzas - 8,200 pizzas) × $9

= $17,100

5 0
3 years ago
Malik has two options this weekend. He could work at his job and earn $9 per hour for three hours, or he could got o a show at t
Igoryamba

Answer:

B. $57

Explanation:

The computation of the opportunity cost of the theater shown below:

= Earning per hour × number of hours + cost of the theater ticket

= $9 × 3 hours + $30

= $27 + $30

= $57

To find the opportunity cost we considered the total earnings and the cost of the theater tickets so that the accurate cost of the theater could come.

8 0
3 years ago
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