Question
In: Economics
In the UK, each household that owns a television pays a compulsory levy that is equivalent...
In
the UK, each household that owns a television pays a compulsory
levy that is equivalent to $ 233 per year. The total revenue
collected, which is over $ 7 billion annually, goes to the British
Broadcasting Corporation. Do you think that such a tax is likely to
have a substantial excess burden relating to the revenues
collected? *
Solutions
Rahul Sunny answered 7 months agoRelated Solutions
A UK lottery prize pays 1000$ at the end of the first year, 2000$ at the...
A UK lottery prize pays 1000$ at the end of the first year,
2000$ at the second, 3000$ the third, and so on for 20 years. If
there is only one prize in the lottery, 10000 tickets are sold, and
you could invest your money elsewhere at 15 percent interest, how
much is each ticket worth, on average ?
Answer : 3.98 $
Can anyone solve it by converting Arithmetic Series to Annuity
first, and then converting Annuity to Present...
Oriole Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base...
Oriole Diesel owns the Fredonia Barber Shop. He employs 5
barbers and pays each a base rate of $1,510 per month. One of the
barbers serves as the manager and receives an extra $580 per month.
In addition to the base rate, each barber also receives a
commission of $8.40 per haircut.
Other costs are as follows.
Advertising
$300
per month
Rent
$1,020
per month
Barber supplies
$0.45
per haircut
Utilities
$150
per month plus $0.15 per haircut
Magazines
$30...
Cullumber Diesel owns the Fredonia Barber Shop. He employs 6 barbers and pays each a base...
Cullumber Diesel owns the Fredonia Barber Shop. He employs 6
barbers and pays each a base rate of $1,600 per month. One of the
barbers serves as the manager and receives an extra $520 per month.
In addition to the base rate, each barber also receives a
commission of $6.00 per haircut.
Other costs are as follows.
Advertising
$220
per month
Rent
$970
per month
Barber supplies
$0.49
per haircut
Utilities
$180
per month plus $0.31 per haircut
Magazines
$30...
Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base...
Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers
and pays each a base rate of $1,640 per month. One of the barbers
serves as the manager and receives an extra $510 per month. In
addition to the base rate, each barber also receives a commission
of $5.81 per haircut.
Other costs are as follows.
Advertising
$200
per month
Rent
$960
per month
Barber supplies
$0.31
per haircut
Utilities
$185
per month plus $0.30 per haircut
Magazines
$30...
Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base...
Vin Diesel owns the Fredonia Barber Shop. He employs 7 barbers
and pays each a base rate of $1,370 per month. One of the barbers
serves as the manager and receives an extra $500 per month. In
addition to the base rate, each barber also receives a commission
of $5.86 per haircut.
Other costs are as follows.
Advertising
$200
per month
Rent
$930
per month
Barber supplies
$0.48
per haircut
Utilities
$175
per month plus $0.31 per haircut
Magazines
$30...
Maureen’s filing status is head of household. She owns and operates a hardware store, which has...
Maureen’s filing status is head of household. She owns and
operates a hardware store, which has the following revenues and
expenses for the current year.
Revenue
$300,000
Expenses:
Cost of goods sold 90,000
Property taxes
40,000
Repairs and maintenance
30,000
Advertising and other costs 20,000
During 2020, Maureen received corporate bond interest income of
$9,650, qualified dividend income of $8,000, and has net capital
gains of $7,000. She has no other...
Maureen’s filing status is head of household. She owns and operates a hardware store, which has...
Maureen’s filing status is head of household. She owns and
operates a hardware store, which has the following revenues and
expenses for the current year.
Revenue
$ 300,000
Expenses:
Cost of goods sold
90,000
Property
taxes
40,000
Repairs and
maintenance
30,000
Advertising and other
costs
20,000
During 2020, Maureen received corporate bond interest income of
$9,650, qualified dividend income of $8,000, and has net capital
gains...
Maureen’s filing status is head of household. She owns and operates a hardware store, which has...
Maureen’s filing status is head of household. She owns and
operates a hardware store, which has the following revenues and
expenses for the current year.
Revenue
$ 300,000
Expenses:
Cost of goods sold
90,000
Property
taxes
40,000
Repairs and
maintenance
30,000
Advertising and other
costs
20,000
During 2020, Maureen received corporate bond interest income of
$9,650, qualified dividend income of $8,000, and has net capital
gains...
Jun owns a bond with a 4% coupon that pays interest annually. It trades at 114%...
Jun owns a bond with a 4% coupon that pays interest annually. It
trades at 114% and matures in 14 years.
a. What is its yield to maturity?
b. If its interest was paid semi-annually, what
would be its yield to maturity?
c. Would you prefer to be paid the annual 4% coupon
compound annually or semi-annually?
A 4.2% bond pays interest semiannually. Its YTM is 5.4%. The Equivalent Annual Yield (EAY) on...
A 4.2% bond pays interest semiannually. Its YTM is 5.4%. The
Equivalent Annual Yield (EAY) on this bond is ____%. Refer to
Lecture 35-36 notes as needed. Round your final answer to
2 decimal places (example: enter 12.34 for 12.34%), but do not
round any intermediate work in the process.
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