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dalvyx [7]
3 years ago
11

Problem 9-52 Part-b (Static) b. $800 of interest on a short-term loan incurred in September and repaid in November. Half of the

loan proceeds was used immediately to pay salaries and the other half was invested in municipal bonds until November After-tax cost
​
Business
1 answer:
bazaltina [42]3 years ago
4 0

Answer:

After-tax cost $652

Explanation:

$652 = $800 [1 − (0.5 × 0.370)]. Half of the interest is not deductible because it was used to purchase tax-exempt securities.

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butalik [34]

Answer:

Option (C) is correct.

Explanation:

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If there is an increase in the income of a consumer then as a result the demand for a normal good increases and shifts the demand curve rightwards.

If there is a fall in the income of the consumer then as a result the demand for a normal good also decreases and shifts the demand curve leftwards.

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2 years ago
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viva [34]

Answer:

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Explanation:

Data provided in the question:

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Gain to be recognized = $24,000 × [ 12,000 ÷ 60,000 ]

= $4,800

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Answer:

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Explanation:

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