1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
podryga [215]
3 years ago
7

Antonio would like to replace his golf clubs with a custom measured set. A local sporting goods megastore is advertising custom

clubs for ​$690​, including a new bag.​ In-store financing is available at 5.23 percent or he can choose not to renew his ​$600 certificate of deposit​ (CD), which just matured
Business
1 answer:
Anastasy [175]3 years ago
8 0

Answer:

The below statements in quote are missing from the question.

“The advertised CD renewal rate is 6.13 percent. Antonio knows the in-store financing costs would not affect his taxes but he knows he’ll pay taxes (25% federal and 5.75% state) on the CD interest earnings. Should he cash the CD or use in-store financing? Why?”

Antonio  should cash in the CD to pay for the golf clubs rather  than opt for in-store financing arrangement,because after tax rate of CD is 4.25%  which less than the cost of in-store financing at 5.23%

Explanation:

The interest on CD before tax deductions is 6.13%

Total tax percentage due Federal and State governments  = 25% + 5.75% = 30.75%

After tax rate of CD = 6.13%(1 - .3075) = 4.25%

You might be interested in
From a neoclassical perspective, which of the following would most likely be viewed as an element that underpins long-run produc
Sliva [168]

Answer: Investment in human capital

Explanation:

  The investment in human capital is one of the important element in the economical concept as it helps in developing the growth and productivity of an economy and also expanding the various types of skills, ideas and knowledge.

The human capital is one of the type of intangible asset in an organization that helps in analyzing the economic value on the basis of the employees skills and ability.

 According to the given question, the investment in human capital is one of the long run growth in the economy. Therefore, Human investment capital is the correct answer.  

3 0
3 years ago
You are the head of HR at an organic foods manufacturer. Your goal is to enable HR to transform the functioning of the company t
laila [671]

Answer:

Allocate sufficient resources and support for the HRX initiative ( B )

Explanation:

Allocating sufficient resources and support for the HRX initiative is a very good step in the right direction as the HR Manger in trying to implement the HRX initiative and also for the long term success of this Initiative as well.

since The main goal of the Head of the Human resources department is to transform the company's production level to a higher level of productivity in a quicker timer frame, dedicating more resources and support to the initiative will help to speed up activities and the company will start producing  at a very fast rate. having to increase salary will not help because the workers can only do what they can do they can't go beyond their limit hence there will be health emergencies.

4 0
3 years ago
Henri earned a salary of $50,000 in 2001 and $70,000 in 2006. The consumer price index was 177 in 2001 and 265.5 in 2006. Henri'
kvv77 [185]

Answer:

$46,666.67

Explanation:

Henri earned a salary of $50,000 in 2001

He earned $70,000 in 2006

The consumer price index in 2001 was 177 and in 2006 was 265.5

Therefore his salary in 2001 can be calculated as follows

= 70,000/265.5 × 177

= 263.65 × 177

= 46,666.67

3 0
3 years ago
When you buy a _____ you are loaning money to an organization
Pavlova-9 [17]
<span>D Index fund I know this is the right answer</span>
5 0
3 years ago
Read 2 more answers
Under the conformity rule, companies who use the _____ method for tax reporting, are required by the IRS to also use it in their
mestny [16]

Answer: LIFO Cost Method

Explanation: The LIFO conformity rule states that the same inventory cost method be used both in the financial statement as well as in the IRS income tax returns.

The rule is used to discourage companies from using the LIFO cost method as it reduces the overall value of the company's assets.

The rule is also designed to prevent organizations from using LIFO accounting to reduce the amount of their taxable income, while using a different inventory cost flow method (such as FIFO) to derive a higher income figure in their financial statements.

7 0
3 years ago
Read 2 more answers
Other questions:
  • Mahogany inc. is a consulting firm. it reports its results on a cash-basis with a fiscal year ending june 30th. mahogany perform
    5·1 answer
  • Like a good economist, you calculated the opportunity cost of getting your college degree. suppose that at your university, you
    15·2 answers
  • Select the correct answers. Customers compare brands and plan for the purchase of which products? A. convenience products B. non
    5·2 answers
  • The supreme court decision that struck down the quota system was
    11·1 answer
  • QS 5-3 Merchandise accounts and computations LO C2 Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning invent
    14·1 answer
  • Some companies want to get their products into as many outlets as possible. These companies understand that the more exposure th
    9·1 answer
  • Expected direct materials purchases in Metlock Company are $204000 in the first quarter and $264000 in the second quarter. 35 pe
    14·1 answer
  • At the beginning of the year, Vendors, Inc., had owners' equity of $49,850. During the year, net income was $6,150 and the compa
    14·1 answer
  • Suppose that income tax revenues are maximized at an average (income) tax rate of 45 percent. If the Laffer curve is a correct d
    7·1 answer
  • 51 Which of the following is the best estimate, in feet, for personal distance in Western cultures? Multiple Choice O
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!