Answer:
$961.42
Explanation:
firstly, we calculate the clean clean price below:
FV= 1,000
PMT= 40 (80 / 2)
I= 4.5 (9 / 2)
N= 14 (7 × 2)
Thus, PV= 948.89
Accrued Interest = coupon × (days since last payment/days in current coupon period)= 40 × (57 / 182) = 12.53
conclusively, dirty price = 948.89 + 12.53 = 961.42
Answer:
P = $75 per club
n= 75,000 clubs
Explanation:
The demand and supply functions are:

The equilibrium price is the price that yields a quantity demanded equal to the quantity supplied:

The number of units sold at that price is:

Opportunity cost is what you give up to do something
if you go to the concert, you spent $45 dollars but lose the opportunity to sell the ticket
if you sell the ticket illegally, you get $75 at the cost of not seeing the concert
the opportunity cost of attending the concert=75+45=$120
the opportunity cost is 120 dollars
Answer:
1. Tax avoidance
2.Tax avoidance
3.Tax evasion
Explanation:
Tax avoidance refers to a legal way of reducing one's tax liability through lawful deductions. Ways to reduce tax liabilities are; capitalizing on tax advantage retirement accounts, liasing with tax advisor on the legal way for tax avoidance. Tax avoidance is however legal.
Examples of tax avoidance are;
1. Andrea keeps a record of all her business related expenses.
2. Daniel claims the amount of interest paid for his mortgage as tax deductions.
Tax evasion is a deliberate attempt by a tax payer to avoid payment of tax liability. It is a fraudulent action by a tax payer to wilfully evade tax in an illegal manner. In tax evasion, income is concealed to tax authorities inorder to evade tax payment which is a criminal offence. It is to be noted that tax evasion is illegal in the eye of the law.
Example of tax evasion is ;
3. Christian did not report the tips he earned on his tax return.