Based on the information given about Mr. Lainson, the taxable estate of the year will be $7,785,000.
The taxable estate for Mr Lainson will be calculated thus:
- FMV $12 million
- Less: Debt $450000
- Less: Funeral expense $15000
- Less: Legal fees $50000
- Less: Donation ($3.5 million + $200000) = $3.7 million
- Taxable estate = $7,785,000
The taxable estate of the year will be $7,785,000.
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The three stances are the neutral fiscal stance, which occurs when the budget is well balanced and the economy is in equilibrium; then there's the<span> expansionary fiscal stance in which the spending exceeds tax revenues, which occurs usually during hard periods such as recessions; and the final stance is </span><span>the contractionary fiscal stance, in which the government spends less than what the tax revenue is. </span>
Answer:
Portfolio's beta is 1.04.
Explanation:
Portfolio's beta is the weighted average beta. So, take weightage of each stock, multiply it with the respective beta, and add the results.
Finding Portfolio value for Weightages:
Total Amount Invested OR Portfolio value is = 10,000 + 40,000 = $50,000
Weighted Average Beta:
(10,000 / 50,000) * (.4) + (40,000 / 50,000) * (1.2) = .08 + .96 = 1.04.
Thanks!
Answer: 446
Explanation:
Net Income will be calculated as:
=(Sales - Operating costs - Depreciation - Bond × interest rate) × (1-tax rate)
= (8250 - 5750 - 1000) - (3200 × 5%) × (1-35%)
= 1500 - (3200 × 0.05) × 65%
= (1500 - 160) × 0.65
= 1340 × 0.65
= 871
Free Cash flow will be calculated as:
= (8250-5750-1000) × (1-35%) + 1000 - 1250 - 300
= 425
The firm's net income will exceed its free cash flow by:
= 871 - 425
= 446
