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Answer:
Juanita's marginal tax rate is 42.5%
Explanation:
marginal tax rate = MTR
After tax yield of dividend paying stock is 8.1% * (1-0.15) = 0.069 = 6.9%
The after tax yield of the bond will be 6.9%
Therefore,
6.9% = 12.0% * (1 - MTR)
6.9% = 12.0% - 12.0% *MTR
6.9% - 12.0% = -12.0% * MTR
-0.051 = -0.12*MTR
MTR = 0.051/0.12 = 0.425
MTR = 42.5%
Answer:
Ending work-in-process inventory is $816,000
Explanation:
Work in process Inventory is the inventory which is in the production process.
Cost of Good Manufacture = Total Manufacturing costs + Beginning work-in-process inventory - Ending work-in-process inventory
$264,000 = $780,000 + $300,000 - Ending work-in-process inventory
$264,000 = $1,080,000 - Ending work-in-process inventory
Ending work-in-process inventory = $1,080,000 - $264,000
Ending work-in-process inventory = $816,000
Answer:
Option A
Explanation:
In simple words, A liability refers to an agreement among one entity and another which has not yet been fulfilled or accounted for. A liability is anything that a individual or firm owes due to any past transaction, typically a amount of money. Over period, liabilities become settled by shifting economic advantages involving property, products or services.
