Provides food assistance programs such as food stamps and school lunch programs
Answer:
$1,490
Explanation:
Interest expense is tax deductible in the computation of after tax cost. Therefore, Jim will enjoy tax-induced saving on the $1,700 interest portion of his monthly house payment.
Tax saving on the interest payment is computed as follows:
$1,700 * 30% tax rate = $510.
Therefore, after-tax cost of Jim's house payment
= total monthly payment, less tax saving on interest
= $2,000 - $510
= $1,490.
Answer:C. Documentation to demonstrate compliance with its policies and procedures.
Explanation:CPA(CERTIFIED PUBLIC ACCOUNTANT) firm system of quality control is generally expected to provide and maintain documentation to demonstrate compliance with its policies and procedures.
Monitoring and evaluation by regulatory bodies essentially requires documented evidence to show compliance, the ISO(INTERNATIONAL STANDARDS ORGANISATION) makes it as part of it requirements for QUALITY MANAGEMENT SYSTEM (QMS) that all firms must document,record and maintain its activities, in a document for reference purposes and to show compliance to established standards and procedures.
Answer:
8.38%
Explanation:
Data provided
Annual dividend = $8.5
Perpetual preferred stock = $102.50
Flotation cost = 4.00%
The computation of cost of preferred stock is shown below:-
Cost of preferred stock = Annual dividend - (Perpetual preferred stock - (Perpetual preferred stock × Flotation cost percentage))
= $8.5 ÷ ($102.50 - ($102.50 × 0.04))
= $8.5 ÷ ($102.50 - $4.1)
= $8.5 ÷ $101.4
= 8.38%
Answer:
effective annual yield = 6.09
Explanation:
given data
rate r = 6%
compounded semi-annually
solution
we get here effective annual yield that is express as
effective annual yield = 
- 1 ..................1
here n is 2 for semi-annually
put here value and we get
effective annual yield = 
- 1
effective annual yield = 0.0609
effective annual yield = 6.09 %
effective annual yield = 6.09
