Homework Answers
| Sales tax is paid on the price actually paid. | |||||
| Sales tax | = | Actual purchase price *Sales tax rate | |||
| = | $ 75.00 | * | 7% | ||
| = | $ 5.25 | ||||
Add Answer to:
If you purchase a regularly priced $85 shirt on sale and pay only $75, what will...
Problem 11.17 You are analyzing the cost of debt for a firm. You know that the...
Problem 11.17 You are analyzing the cost of debt for a firm. You know that the firm's 14-year maturity, 10.75 percent coupon bonds are selling at a price of $1,322.66. The bonds pay interest semiannually. If these bonds are the only debt outstanding for the firm What is the current YTM of the bonds? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, eg. 15.25%.) The current YTM for the bonds LINK TO...
You are analyzing the cost of debt for a firm. You know that the firm's 14 year maturity, 6.6 per...
You are analyzing the cost of debt for a firm. You know that the firm's 14 year maturity, 6.6 percent coupon bonds are selling at a price of $964.67. The bonds pay interest semianinually. If these bonds are the only debt outstanding for the firm, answer the following questions What is the current YTM of the bonds? (Round final answer to 2 decimal places, eg. 15.25%.) Current YTM for the bonds wnat is the after-tax cost of debt for this...
You are analyzing the after-tax cost of deht for a firm. You know that the firm's...
You are analyzing the after-tax cost of deht for a firm. You know that the firm's 12-year maturity, 18.00 percent semiannual coupon honds are selling at a price of $1,551.95. These bonds are the only debt outstanding for the firm. (21) Your answer is correct. What is the current YTM of the bonds? (Round final answer to 2 decimal places, e... 15.25%.) YTM eTextbook and Media Attempts: 1 of 2 used (a2) Your answer is correct. What is the after-tax...
Mary Ott is going to borrow $9,800 for 75 days and pay $171 interest. What is...
Mary Ott is going to borrow $9,800 for 75 days and pay $171 interest. What is the effective rate of interest if the loan is discounted? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
Paul Restaurant is considering the purchase of a $10,300 soufflé maker. The soufflé maker has an...
Paul Restaurant is considering the purchase of a $10,300 soufflé maker. The soufflé maker has an economic life of 7 years and will be fully depreciated by the straight-line method. The machine will produce 1,300 soufflés per year, with each costing $2.50 to make and priced at $4.90. The discount rate is 9 percent and the tax rate is 22 percent. What is the NPV of the project? (Do not round intermediate calculations and round your answer to 2...
a. Suppose a 65-year-old person wants to purchase an annuity from an insurance company that would pay $21,700 per year...
a. Suppose a 65-year-old person wants to purchase an annuity from an insurance company that would pay $21,700 per year until the end of that person's life. The insurance company expects this person to live for 15 more years and would be willing to pay 7 percent on the annuity. How much should the insurance company ask this person to pay for the annuity? b. A second 65-year-old person wants the same $21,700 annuity, but this person is healthier and...
NOTE: Note : PLEASE ANSWER PART B ONLY . PLEASE I posted Question PART B before...
NOTE: Note : PLEASE ANSWER PART B ONLY . PLEASE I posted Question PART B before but the answer is not correct as my teacher said and I posted again please answer correctly Q4 )Flounder Inc. is a retailer using a perpetual inventory system. All sales returns from customers result in the goods being returned to inventory. (Assume that the inventory is not damaged.) Assume that there are no credit transactions; all amounts are settled in cash. You are provided...
You are considering investing in a company that cultivates abalone for sale to local restaurants. Use...
You are considering investing in a company that cultivates abalone for sale to local restaurants. Use the following information: Sales price per abalone = $43.70 Variable costs per abalone = $10.80 Fixed costs per year = $462,000 Depreciation per year = $137,000 Tax rate = 22% The discount rate for the company is 14 percent, the initial investment in equipment is $959,000, and the project’s economic life is 7 years. Assume the equipment is depreciated on a straight-line basis over...
1.Suppose that 2 years ago you bought an old record player at a yard sale for...
1.Suppose that 2 years ago you bought an old record player at a yard sale for $1. You saw today on E-bay that the same record player is selling for $53. If you were to sell the record play at that price today, what would be the implied return percentage? (Convert to a percent. Round to 2 decimal places. 2.in 1998, the average price of a gallon of gas was $1.07. Today, the average price of a gallon of gas...
Eggz, Inc., is considering the purchase of new equipment that will allow the company to collect...
Eggz, Inc., is considering the purchase of new equipment that will allow the company to collect loose hen feathers for sale. The equipment will cost $440,000 and will be eligible for 100 percent bonus depreciation. The equipment can be sold for $54,000 at the end of the project in 5 years. Sales would be $287,000 per year, with annual fixed costs of $50,000 and variable costs equal to 37 percent of sales. The project would require an investment of $31,000...
Problem 11.17 You are analyzing the cost of debt for a firm. You know that the firm's 14-year maturity, 10.75 percent coupon bonds are selling at a price of $1,322.66. The bonds pay interest semiannually. If these bonds are the only debt outstanding for the firm What is the current YTM of the bonds? (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, eg. 15.25%.) The current YTM for the bonds LINK TO...
You are analyzing the cost of debt for a firm. You know that the firm's 14 year maturity, 6.6 percent coupon bonds are selling at a price of $964.67. The bonds pay interest semianinually. If these bonds are the only debt outstanding for the firm, answer the following questions What is the current YTM of the bonds? (Round final answer to 2 decimal places, eg. 15.25%.) Current YTM for the bonds wnat is the after-tax cost of debt for this...
You are analyzing the after-tax cost of deht for a firm. You know that the firm's 12-year maturity, 18.00 percent semiannual coupon honds are selling at a price of $1,551.95. These bonds are the only debt outstanding for the firm. (21) Your answer is correct. What is the current YTM of the bonds? (Round final answer to 2 decimal places, e... 15.25%.) YTM eTextbook and Media Attempts: 1 of 2 used (a2) Your answer is correct. What is the after-tax...
a. Suppose a 65-year-old person wants to purchase an annuity from an insurance company that would pay $21,700 per year until the end of that person's life. The insurance company expects this person to live for 15 more years and would be willing to pay 7 percent on the annuity. How much should the insurance company ask this person to pay for the annuity? b. A second 65-year-old person wants the same $21,700 annuity, but this person is healthier and...
Eggz, Inc., is considering the purchase of new equipment that will allow the company to collect loose hen feathers for sale. The equipment will cost $440,000 and will be eligible for 100 percent bonus depreciation. The equipment can be sold for $54,000 at the end of the project in 5 years. Sales would be $287,000 per year, with annual fixed costs of $50,000 and variable costs equal to 37 percent of sales. The project would require an investment of $31,000...
Most questions answered within 3 hours.
-
4. Suppose that a firm has two plants with the following cost
functions:
MC1 = 5+2q1...
asked 11 seconds from now -
I am currently taking a Foundation of Programming course where
we are being taught Java. We...
asked 19 minutes ago -
Suppose a car is traveling at +22.2 m/s, and the driver sees a
traffic light turn...
asked 9 minutes ago -
1) Write a method that will return the length of smallest string
in an array of...
asked 16 minutes ago -
Select one of the following WSJ articles and apply the type
concepts from producers and users...
asked 34 minutes ago -
Make sure you are able to describe the 3 primary goals of
seating interventions.
asked 39 minutes ago -
How does microfiltration work in industrial milk processing? is
it through pump or is it through...
asked 39 minutes ago -
A spy satellite is in circular orbit around Earth. It makes one
revolution in 7.20 h....
asked 39 minutes ago -
When sending an email from one RMU email account to another RMU
email account, the email...
asked 40 minutes ago -
When 10.0 mg of sucrose is dissolved in enough water to make
100.0 mL of solution...
asked 59 minutes ago -
I have volunteered at a butterfly garden and I am supposed to
write a journal reflection...
asked 1 hour ago -
10 Distributions of GNU Linux
10 Distributions
5 different operating Systems
What is the exact function...
asked 1 hour ago