The tax-exempt is 6.48 %
<h3>How to calculate the tax-exempt ?</h3>
The bond yield is 9%, let's divide 9% by 100
= 9/100
= 0.09
The marginal tax rate is 28%, let's divide 28% by 100
= 28/100
= 0.28
Therefore the tax-exempt can be calculated as follows
0.09(1-0.28) × 100
= 0.09(0.72) × 100
= 0.0648 × 100
= 6.48
Hence the tax-exempt is 6.48%
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The future value is always more than the present value because the value of the dollar can be higher in the next day. plus it can be adding the interest in the future value.
Answer:
$580,000 underapplied
Explanation:
The computation of the ending overhead is shown below:
The applied overhead is
= Predetermined overhead rate × actual machine hours
= $40 × 90,000
= $3,600,000
Now the underapplied overhead is
= $4,180,000 - $3,600,000
= $580,000
So the ending overhead is $580,000 underapplied
Answer:
B
Explanation:
This is the answer because they need to have knowledge in computing and be confident in maths because computing consists mainly of mathematics.
