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Sergio [31]
2 years ago
8

Somebody report all my post thank you ‍♀️ I wanted everything deteled !!!!

Business
1 answer:
iren [92.7K]2 years ago
7 0
I’m sorry to hear that
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FIN issues a $1000 par value bond that pays 7 precent annula interest and will mature in 14 years. The current market price for
Serjik [45]

Answer:

7.05 %

Explanation:

After tax cost of debt = interest x ( 1 - tax rate)

so, the initial step is to determine the interest rate :

The Bond Yield (i/yr) presents the market rate and this is what we want for our interest rate.

thus,

PV = -  [$950 - ($950 x14%)] = - $817<em>(remove floatation cost from market price)</em>

FV = $1000

PMT = $1000 x 7 % = $70.00

P/YR = 1

N = 14

i/yr = ??

Using a financial calculator to input the values as above, the Bond Yield (i/yr) will be 9.40 %

therefore,

After tax cost of debt = 9.40 % x (1 - 0.25)

                                    = 7.05 %

5 0
2 years ago
In each of the following situations, indicate whether the 50% reduction for meals applies.
Mashcka [7]

Answer:

Each year, the employer awards its top salesperson an all-expense-paid trip to Jamaica.

  • This should be considered as part of the employees' compensation (and the employee should be taxed), therefore, the company can deduct 100% of it.  

The employer has a cafeteria for its employees where meals are furnished at cost.

  • Cafeteria meals are not included in the 50% deduction.  

The employer sponsors an annual Labor Day picnic for its employees.

  • This is considered a recreational activity paid by the employer, so the 50% deduction does not apply.  

Every Christmas, the employer gives each employee a fruitcake.

  • It is a fringe benefit, although I doubt that the employees are taxed for receiving a fruit cake. There is no 50% deduction. (referred to as de minimis fringe benefit)

The taxpayer gives business gifts to her clients at Christmas.

  • Business gives are not subject to a 50% deduction, instead they are subject to a $25 limit.
5 0
3 years ago
How can I convince a friend to invest in a good manner
Arada [10]

Answer:

you can try your frend to sand gift on mobile

4 0
2 years ago
Read 2 more answers
Why was steel important to the second industrial revolution?
dlinn [17]
Steel was important to the second industrial revolution majorly because of its properties and its potential uses. Because steel is very strong, light and cheap, it was found ideal for many purposes. Steel was used to make many of the new inventions that characterized that period, a good example of this is rail road.
6 0
3 years ago
If a check correctly written and paid by the bank for $408 is incorrectly recorded on the company's books for $480, the appropri
vodka [1.7K]

Answer:

The correct answer is add $72 to the book's balance.

Explanation:

Bank reconciliation is a way of identifying discrepancies between the cash book balance (company's books) and the bank balance (balance per bank statement). The discrepancies can be as a result of erroneous posting, deposit in transit, outstanding checks, etc.

In the instance of the question, there was an erroneous posting in the cash book of $72 ($480 - $408). Instead of crediting cash book by $408, it was rather credited by $480 - meaning that the credit was overstated by $72. <em>To correct this erroneous posting, we have to add back $72 to the cash book balance.</em>

8 0
3 years ago
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