Discuss the elasticity of the following goods before and after Covid-19 (assuming that all restrictions have been eased)
In: Economics
If the tax rate is 40 percent, compute the before-tax real interest rate and the after-tax real interest rate.
(answer in percentages. If whole percentages, do not need decimals. If have decimals, round to nearest hundredth of percent)
Show all steps clearly
assume multiplying percentages by $100
before-tax real interest rate = nominal interest rate - inflation rate
reduction in nominal interest = nominal interest rate multiplied by tax rate
after-tax nominal interest rate = nominal interest rate - reduction in nominal interest
after-tax real interest rate = after-tax nominal - inflation rate
a. The nominal interest rate is 10 percent and the inflation rate is five percent.
Find:
nominal interest rate
before-tax real interest rate
reduction in nominal interest rate
after-tax nominal interest rate
after-tax real interest rate
b. The nominal interest rate is six percent and the inflation rate is two percent.
Find:
nominal interest rate
before-tax real interest rate
reduction in nominal interest rate
after-tax nominal interest rate
after-tax real interest rate
c. The nominal interest rate is four percent and the inflation rate is one percent.
Find:
nominal interest rate
before-tax real interest rate
reduction in nominal interest rate
after-tax nominal interest rate
after-tax real interest rate
In: Economics
What are five things you can do before an earthquake, and five things after an earthquake strikes that will become part of your earthquake preparedness plan?
In: Other
A C corporation earns $10 per share before taxes. After it has paid taxes, it will distribute the rest of its earnings as dividends. The dividend is income to you, so you will pay taxes on these earnings. The corporate tax rate is 40% and your personal dividend tax rate is 15%. How much of the earnings remain after all taxes are paid?
SOLVE MULTIPLE CHOICE, PLEASE SHOW STEP BY STEP SOLVING
a.) $0.90 b) $ 4.00 c) $6.00 d) $5.10
In: Finance
Determine the before and after-tax return from each of the following trades. Assume a
marginal tax rate of 40%.
a. You purchase a bond today that has a quoted price of 94.455/94.695, a fixed coupon
rate of 6% (paid quarterly) which last paid a coupon 40 days prior. You sell the
bond in exactly one year for a quoted price of 97.565/97.950.
b. You purchased a newly issued bond one year ago. At the time of issuance, the bond
was sold by the company for par, had a coupon rate of 5.5% (paid semi-annually)
and 10 years to maturity. The YTM on the bond today is 6.25% and you sell it.
In: Finance
After graduating from college, you work briefly as a salesperson before filing for bankruptcy. As part of your petition, you reveal that your only debts are student loans, taxes from the last year, a $742 Visa credit card bill, and a claim against you based on your misuse of customers’ funds during your employment. Are these debts dischargeable in bankruptcy? Explain your answer
In: Operations Management
In: Biology
On January 1, 2020, Claudia, a single taxpayer who was age 67 at the time, began receiving monthly retirement benefits from her former employer's pension plan. Claudia did not receive any distributions before the annuity start date, and her investment in the plan is $35,000. There is no survivor beneficiary. I f Claudia receives a monthly benefit of $1,200, what amount will she recover tax-free in 2020?
In: Finance
1)Prove that the intersection of an arbitrary collection of closed sets is closed.
2)Prove that the union of a finite collection of closed sets is closed
In: Advanced Math
Part II: Wexler Wholesalers has an extensive line of sought after books, which has led to amassing an efficient distribution system to retailers. The following activities occurred during the first six months of 2020 with respect to its inventory:
1. Jan. 3, 2020: Wexler Wholesalers purchased 1,000 books from Jolly Publishers for $28 per book, terms 2/10,n30.
2. Jan. 7, 2020: Wexler Wholesalers returned 20 of the books purchased in transaction #1 for full credit.
3. Jan. 9, 2020: Wexler Wholesalers paid Jolly Publishers in full.
4. Feb. 1, 2020: Wexler Wholesalers purchased 1,200 books from Simon and Schuster for $34 each, terms 1/15,n30.
5. Feb. 2, 2020: Wexler Wholesalers phoned Simon and Schuster after receiving the order in transaction #4. The issue is the books were water damaged from sitting on a loading dock in the rain. Simon and Schuster offered Wexler Wholesalers a 75% allowance on the damaged books. Wexler Wholesalers accepted the offer.
6. Feb. 3, 2020: Wexler Wholesalers paid Simon and Schuster in full.
7. Feb. 27, 2020: Wexler Wholesalers sold inventory to Juniper Reading Nook costing $28 with a sales price of $60 each. A total of 180 books were sold, terms 3/15,n45.
8. Mar. 5, 2020: Wexler Wholesalers received payment from Juniper Retailers.
9. Jun. 3, 2020: Wexler Wholesalers sold 400 books to Read It Again Sam. The cost was $17 per book with a selling price of $55 each, terms 2/10,n30.
10. Jun. 8, 2020: Read It Again Sam returned 30 books to Wexler Wholesalers for full credit.
11. Jun. 9, 2020: Wexler Wholesalers received payment in full from Read It Again Sam.
12. Jun. 30, 2020: After being lost in the mail for months, Wexler Wholesalers received and paid $175 shipping costs associated with purchases from Simon and Schuster. Wexler Wholesalers is responsible for paying the shipping costs.
Part B: Prepare the income statement for Wexler Wholesalers for the first six months of the year through gross margin (gross profit). Part C: Wexler Wholesalers had opening inventory on January 1, 2020 of $11,500. What is the ending inventory as of June 30, 2020?
In: Accounting