Answer:
6.8%
Explanation:
Data provided in the question:
Marginal tax rate = 32%
Tax rate on dividends = 15%
Dividend yield = 8%
Now,
Interest rate municipal bond will offer
= Dividend yield × ( 1 - Tax rate on dividend )
or
Interest rate = 8% × ( 1 - 15% )
or
Interest rate = 8% × ( 1 - 0.15 )
Interest rate = 8% × 0.85
Interest rate = 6.8%
Answer:
D. Both are able and willing to supply the good, and have already identified a buyer
The study design used in this scenario is an Epidemiological study design/ Epidemiologic study design. This type of study compares 2 groups whose characteristics are the same except for one factor. This type of study is usually used in the medical field. The purpose of a study design such as this is to determine if a factor is associated with health defects or injury.
Answer:
July 1
Trade Receivable - Waegelein Inc $15,300 (debit)
Revenue $15,300 (credit)
July 8
Revenue $3,500 (debit)
Trade Receivable - Waegelein Inc $3,500 (credit)
July 1 1
J1
Discount Allowed $236 (debit)
Trade Receivable - Waegelein Inc $236 (credit)
J2
Cash $11,564 (debit)
Trade Receivable - Waegelein Inc $11,564 (credit)
Explanation:
July 1
Recognise Revenue and Asset -Trade Receivable
July 8
De-recognise Revenue and de-recognise asset -Trade Receivable
July 1
Payment is within the range of discount period of 10 days
J1
Recognise Discount Allowed Expense and De-recognise the Asset -Trade Receivable
J2
Recognise the Cash on receipt of payment less discount allowed and de-recognise Asset -Trade Receivable
Answer:
Gain of $300
Explanation:
Based on the information given the investor have a debit spread and Since the investor paid a net premium of the amount of $600 which is calculated as : (7 − 1) in which the spread had widened to 9 which means the investor will have a profit or gain of the amount of $300 calculated as :(9 − 6) due to the spread .
Therefore the customer has a gain of the amount of $300 reason been that it is a Debit spreads and secondly Debit spread are often profitable.