This best represents the concept of Accountability. Accountability is the assurance that a person or a group will be judged on how they perform or behave in relation to anything for which they are responsible.
What is Accountability?
Accountability is taking ownership of one's duty to act in an honest and moral manner toward others. In the business world, a corporation is responsible to its shareholders, staff, and the larger community in which it operates. Accountability in a broader sense is a willingness to be evaluated on performance.
The idea of accountability is now important in corporate finance. It is especially relevant to the accounting procedures used by a business to create the financial reports it submits to the government and its shareholders.
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Answer:
the tax rate should be of 45.83% to make indifferent for the investor
Explanation:
the municipal bonds pay no income tax according to United States IRS regulation
Therefore their rate will be the equivalent of the after-tax rate of a corporate bonds
to make it indifferent we should look at the rate that makes the after tax yield of the 12% equal to 6.5%
0.12 x (1-t) = 0.065
1 - 0.065/0.12 = t
t = 0.4583 = 45.83%
the tax rate should be of 45.83 to make indifferent for the investor
Answer:
Results are below.
Explanation:
Giving the following information:
January $2,700 300
February $3,000 350
March $3,600 500
April $4,500 690
May $3,200 500
June $5,500 700
<u>To calculate the variable and fixed costs, we need to use the following formulas:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (5,500 - 2,700) / (700 - 300)
Variable cost per unit= $7
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 5,500 - (7*700)
Fixed costs= $600
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 2,700 - (7*300)
Fixed costs= $600