The name of the contract is CALIFORNIA SALES CONTRACT AND CIVIL CODE. This contract is majorly used for purchase of lands in California. The conditions attached to the use of the contract has make it less attractive to people who desire to purchase landed properties in California.
Answer:
b. it is less volatile and more like a bond
Explanation:
Preferred stocks pay a fixed dividend and has the potential to appreciate in price.
Preferred share holders have no voting right but they are paid first before common shareholders.
I hope my answer helps you
Answer:
Explanation:
The solution to the above problem is shown in the attached picture below. It is because of the arrangement i had ti use pen and book. Thank you
Answer:
See explanation section
Explanation:
Apart from Cosmetics Department sales commissions--Northridge Store, Cosmetics Department cost of sales--Northridge Store, Cosmetics Department manager's salary--Northridge Store, all the other costs are not direct cost. Corporate office salaries or expenses can not be a direct cost for a divisional or regional offices. Lease cost is not for Northridge store, therefore, it is not a direct cost. Store security, Store manager's salary, and heating expenses for Northridge are indirect costs.
Answer:
Two Different MMMFs
The tax rate to produce identical yields is 16.67%
Explanation:
For Fund A & B to produce identical yields:
Fund's A yield of 5% must equal Fund B's 6% (1 - 0.28).
Therefore, 5% = 6% (1 - tax rate)
Let (1 - tax rate) be x.
That is 0.05 = 0.06x
x = 0.05/0.06 = 0.8333
Therefore, (1 - tax rate) = 0.8333
Tax rate = 1 - 0.8333
Tax rate = 0.1667
<u>Check: if 5% = 6% (1 - tax rate)</u>
0.05 = 0.06 (1 - 0.1667)
0.05 = 0.049998
0.05 = 0.05
The above calculation shows that if Fund B is taxed at 16.67% instead of 28%, it would have identical yields with Fund A.
