The tax exempt equivalent yield is the yield that a taxable bond would have to offer to provide the same after-tax return as a tax-exempt bond. To calculate this, we need to first subtract the marginal tax rate from 1 (1 - 0.28 = 0.72), and then divide the tax-exempt yield by this number.
So, in this case, the tax exempt equivalent yield would be:
9% / 0.72 = 12.5%
However, this answer is not one of the choices given. To determine the closest answer choice, we can round the tax exempt equivalent yield to the nearest quarter percent, which would be:
Option C. 8.02%
This is the answer that is closest to the actual tax exempt equivalent yield of 12.5%.
To know more about tax exempt visit:
https://brainly.com/question/30046826
#SPJ11
On June 30, 2021, Plaster, Inc., paid $820,000 for 80 percent of Stucco Company's outstanding stock. Plaster assessed the acquisition-date fair value of the 20 percent noncontrolling interest at $205,000. At acquisition date, Stucco reported the following book values for its assets and liabilities:
Cash $ 53,800 Accounts receivable 113,800 Inventory 181,800 Land 58,200 Buildings 156,700 Equipment 268,700 Accounts payable (31,400 )
(Parentheses indicate credit balances.)
On June 30, Plaster allocated the excess acquisition-date fair value over book value to Stucco's assets as follows:
Equipment (3-year remaining life) $ 67,400
Database (10-year remaining life) 156,000
At the end of 2021, the following comparative (2020 and 2021) balance sheets and consolidated income statement were available:
Plaster, Inc.
December 31, 2020 Consolidated
December 31, 2021
Cash $ 38,400 $ 216,800 Accounts receivable (net) 323,300 433,300 Inventory 370,600 642,800 Land 267,900 326,100 Buildings (net) 218,800 325,500 Equipment (net) 1,607,500 1,826,000 Database 0 148,200 Total assets $ 2,826,500 $ 3,918,700 Accounts payable $ 71,400 $ 95,500 Long-term liabilities 357,000 1,076,460 Common stock 1,606,500 1,606,500 Noncontrolling interest 0 228,100 Retained earnings 791,600 912,140 Total liabilities and equities $ 2,826,500 $ 3,918,700 PLASTER, INC., AND SUBSIDIARY STUCCO COMPANY
Consolidated Income Statement
For the Year Ended December 31, 2021
Revenues $ 1,087,400
Cost of goods sold $ 658,800 Depreciation 167,600 Database amortization 7,800 Interest and other expenses 8,600 842,800
Consolidated net income $ 244,600
Additional Information for 2021
On December 1, Stucco paid a $44,800 dividend. During the year, Plaster paid $92,000 in dividends.
During the year, Plaster issued $719,460 in long-term debt at par.
Plaster reported no asset purchases or dispositions other than the acquisition of Stucco.
Prepare a 2021 consolidated statement of cash flows for Plaster and Stucco. Use the indirect method of reporting cash flows from operating activities.
This statement shows the cash inflows and outflows from operating activities, investing activities, and financing activities, resulting in a net increase in cash for the year.
To prepare a consolidated statement of cash flows for Plaster and Stucco for the year ended December 31, 2021, we will use the indirect method. The statement will include the cash flows from operating activities, investing activities, and financing activities.
Consolidated Statement of Cash Flows
For the Year Ended December 31, 2021
Cash Flows from Operating Activities:
Consolidated Net Income $ 244,600
Adjustments for non-cash items:
Depreciation 167,600
Database amortization 7,800
Changes in operating assets and liabilities:
Increase in accounts receivable (109,000)
Increase in inventory (272,200)
Increase in accounts payable 24,100
Net Cash Provided by Operating Activities $ 62,900
Cash Flows from Investing Activities:
Acquisition of Stucco Company (cash paid) $ 820,000
Purchase of equipment (218,500)
Purchase of database (156,000)
Net Cash Used in Investing Activities $ (554,500)
Cash Flows from Financing Activities:
Payment of dividends by Stucco Company $ (44,800)
Payment of dividends by Plaster, Inc. (92,000)
Issuance of long-term debt 719,460
Net Cash Provided by Financing Activities $ 582,660
Net Increase in Cash $ 90,060
Cash at the Beginning of the Year 38,400
Cash at the End of the Year $ 128,460
This statement shows the cash inflows and outflows from operating activities, investing activities, and financing activities, resulting in a net increase in cash for the year.
Learn more about cash inflows
https://brainly.com/question/31086720
#SPJ4
The shares of American Greetings (AG) are currently trading at an EBITDA multiple that is at the bottom of its peer group. Do you think 3.5 times multiple is appropriate for AG? If not, what multiple of EBITDA do you think is justified? What is the implied share price that corresponds to that multiplier?
As an AI language model, I don't have access to real-time financial data or specific information about American Greetings or its peer group.
Evaluating the appropriateness of an EBITDA multiple and determining a justified multiple requires in-depth analysis of the company's financial performance, industry trends, market conditions, and other relevant factors. EBITDA multiples can vary significantly across industries and companies, depending on factors such as growth prospects, profitability, risk profile, and market sentiment. It is crucial to conduct a comprehensive financial analysis and compare American Greetings to its industry peers to determine a more appropriate EBITDA multiple.
Learn more about financial here;
https://brainly.com/question/32292990
#SPJ11
The five Earls of the West are scheduled to arrive at the King’s Palace on each of the first five days of July. They have been called upon to settle some uprisings in the Kingdom. The first Earl will arrive on the first of July, the second will arrive on the 2nd of July and so on. Each Earl, upon arrival, can either kill the king or support the king. If he kills the king, he takes the king’s place, becomes the new king, and awaits the next Earl’s arrival. If he supports the king, all subsequent Earl’s cancel their visits. An Earl’s first priority is to remain alive, and his second priority is to become king. i. Draw a tree diagram to represent this information. ii. How many subgames are there? iii. Who is the King on the 6th day of July?
i. The tree diagram representing the situation is as follows:
Earl 1
/ \
Kill Support
/ \
Earl 2 King
/ \
Kill Support
/ \
Earl 3 King
/ \
Kill Support
/ \
Earl 4 King
/ \
Kill Support
/ \
Earl 5 King
/ \
Kill Support
ii. There are five subgames in this scenario, each corresponding to the decision-making process of an individual Earl on their respective arrival day. Each subgame begins with the arrival of an Earl and ends with their decision to either kill or support the king.
iii. Since the first Earl arrives on the first day and is given the choice to either kill or support the king, it ultimately depends on his decision. If the first Earl supports the king, all subsequent Earls cancel their visits, and the current king remains in power. Therefore, on the 6th day of July, the same king who was in power before the arrival of the Earls will still be the king.
Note: The provided information assumes that the Earls make decisions solely based on their priorities of self-preservation and the desire to become King. It does not account for any external factors or interactions among the Earls.
Learn more about tree diagram, decision making process here:
brainly.com/question/13311154
#SPJ11
If MPC = .75 and government spending increases by $10 billion, the aggregate demand curve shifts to the right by $40 billion the aggregate demand curve shifts to the right by $10 billion the aggregate demand curve shifts to the left by $40 billion o the aggregate demand curve shifts to the left by $10 billion
If MPC (marginal propensity to consume) is equal to .75 and government spending increases by $10 billion, we can calculate the change in aggregate demand using the formula ΔY = ΔG × (1 / (1 - MPC)). Plugging in the values, we get:
ΔY = $10 billion × (1 / (1 - .75)) = $40 billion
Therefore, the aggregate demand curve shifts to the right by $40 billion. This is because the increase in government spending leads to an increase in disposable income, which in turn leads to an increase in consumption. This increase in consumption further stimulates economic activity, resulting in an overall increase in aggregate demand.
It's worth noting that if MPC were lower than .75, the shift in aggregate demand would be smaller, and if MPC were higher than .75, the shift in aggregate demand would be larger. Additionally, the multiplier effect of government spending on aggregate demand can be influenced by other factors such as interest rates, taxes, and international trade.
To know more about MPC (marginal propensity to consume visit:
https://brainly.com/question/32276464
#SPJ11
A hazardous materials identification number must appear on the ______ and on the _____ .
A hazardous materials identification number must appear on the shipping papers and on the outer packaging or container.
The hazardous materials identification number is a unique code assigned to specific hazardous substances or materials. It serves as a crucial reference for identifying and handling hazardous materials during transportation. The number must be included on the shipping papers, such as bills of lading or manifests, to inform transport personnel and regulatory authorities about the nature of the hazardous material being transported. Additionally, the identification number should be visibly displayed on the outer packaging or container of the hazardous material to provide immediate visual identification for emergency responders, ensuring they can take appropriate actions in case of an incident. By requiring the hazardous materials identification number on both shipping papers and outer packaging, regulatory agencies aim to enhance safety and facilitate proper handling of hazardous materials throughout their transportation journey.
learn more about hazardous materials here:
https://brainly.com/question/30264140
#SPJ11
fill in the blanks to complete the passage about inflation in venezuela.
Inflation in Venezuela has been a severe issue in recent years, with prices skyrocketing at an alarming rate. The country has been grappling with hyperinflation, reaching astronomical levels and causing immense economic instability.
Venezuela's inflation crisis has been exacerbated by various factors, including mismanagement of fiscal policies, devaluation of the national currency, and economic sanctions imposed by other countries. The rapid increase in prices has severely impacted the purchasing power of Venezuelan citizens, leading to a decline in their standard of living. The government has attempted to address the inflation problem through measures such as price controls and currency reforms, but these efforts have often proved ineffective or even counterproductive. The lack of confidence in the national currency and the unstable economic environment have also discouraged foreign investment, further hindering the country's ability to recover from the inflation crisis. Overcoming inflation in Venezuela will require comprehensive economic reforms, including sustainable fiscal policies, currency stabilization, and the promotion of productive sectors to boost economic growth. Additionally, international cooperation and support can play a crucial role in helping Venezuela stabilize its economy and mitigate the effects of hyperinflation.
learn more about economic growth here:
https://brainly.com/question/29621837
#SPJ11
what do the impressionist and expressionist composers have in common?
The main similarity between Impressionist and Expressionist composers is their departure from traditional tonality and exploration of new harmonic and tonal possibilities in their music.
Both Impressionist and Expressionist composers sought to break away from the conventions of the Romantic era and create music that expressed their inner emotions and subjective experiences. They often employed dissonance, unconventional chord progressions, and ambiguous tonal centers to convey a sense of emotional intensity or depict atmospheric and sensory impressions. While Impressionist composers like Claude Debussy and Maurice Ravel aimed to capture fleeting moods and sensory impressions through their music, Expressionist composers such as Arnold Schoenberg and Alban Berg sought to express the anguish, anxiety, and heightened emotional states of the human psyche. Overall, both movements challenged traditional musical norms and embraced innovation, pushing the boundaries of harmonic language and personal expression in their compositions.
learn more about composers here:
https://brainly.com/question/14488122
#SPJ11
true or false? in a plan of action and milestones (poam), an action is a scheduled event that indicates the completion of a task or group of tasks.
False. In a Plan of Action and Milestones (POAM), an action represents a task or group of tasks that need to be completed to achieve a specific objective or milestone.
It is not an event that indicates the completion of a task or group of tasks. Actions in a POAM outline the steps or actions that need to be taken to address identified risks, vulnerabilities, or deficiencies in a project or system. They typically include specific activities, responsibilities, timelines, and resources required to accomplish the desired outcome.
Learn more about Milestones here:
https://brainly.com/question/13263711
#SPJ11
When the U.S. gets involved in international disputes and
removes a President or Leader from another nation in the name of
National Security or other interests, it can also be seen as
imperialistic an
Yes, the involvement of the U.S. in international disputes and the removal of a foreign leader in the name of national security or other interests can be seen as imperialistic.
Imperialism refers to the extension of a nation's power and influence over other countries, often through political, economic, or military means. When the U.S. intervenes in the affairs of other nations and topples their leaders, it can be perceived as an attempt to exert control and advance its own interests, which aligns with the principles of imperialism. Critics argue that such actions undermine the sovereignty and self-determination of other nations, and they view it as an exercise of dominance and control by a more powerful nation over weaker ones. They may point to historical instances, such as regime changes in countries like Iran, Chile, or Iraq, where the U.S. has been accused of interfering in the internal affairs of sovereign nations.
Learn more about imperialism here:
https://brainly.com/question/30210572
#SPJ11
Organizational objectives and supply objectives typically are expressed:
a. differently, making it difficult to translate organizational objectives into supply objectives.
b. differently, providing the supply manager multiple opportunities to tap into organizational resources.
c. the same (survival, growth, financial, and environmental), but long-term at the organizational level and short-term at the supply level.
d. the same factors (quality, quantity, price, delivery and service), but long-term at the organizational level and short-term at the supply level.
e. in ways that are very specific to the organization, making it difficult to convey objectives to suppliers.
The answer is d. Organizational objectives and supply objectives are typically expressed in the same factors of quality, quantity, price, delivery, and service. However, these objectives are often long-term at the organizational level and short-term at the supply level. This means that supply managers must align their objectives with the overall organizational strategy to achieve the desired results.
It is important for supply managers to understand the company's goals and objectives to develop effective supply chain strategies that can support the organization's growth and financial objectives. While there may be some differences in the way these objectives are expressed, they should ultimately align to create a cohesive approach to achieving success.
To know more about Organizational objectives visit :-
https://brainly.com/question/30588878
#SPJ11
which products will most likley have high value-to weight ratios? pharmaceuticals refined sugar
Of the two options provided, pharmaceuticals are more likely to have high value-to-weight ratios compared to refined sugar. It's important to note that value-to-weight ratios can vary across different product categories, and there may be other products not mentioned that could have even higher value-to-weight ratios depending on their characteristics and market demand.
Pharmaceuticals are typically expensive due to the extensive research, development, and testing involved in their production. Additionally, pharmaceutical products often have high value and are sold in small quantities due to their concentrated nature and the specialized nature of their usage. As a result, their value-to-weight ratio tends to be high.
On the other hand, refined sugar is a commodity product with relatively low value compared to pharmaceuticals. It is generally sold in larger quantities and is less expensive per unit weight. Therefore, the value-to-weight ratio of refined sugar is generally lower compared to pharmaceuticals.
To learn more about, pharmaceuticals, click here:
https://brainly.com/question/30134373
#SPJ11
In the month of June, a department had 16000 units in beginning work in process inventory that were 60% complete. During June, 85000 units were transferred into production from another department. At the end of June there were 8000 units in ending work in process inventory that were 30% complete as to conversion. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. How many units were transferred out in June? 85000 units. 93000 units. O 77000 units. O 101000 units.
77,000 units were transferred out in June.
To determine the number of units transferred out in June, we need to calculate the equivalent units of production for both materials and conversion costs and then subtract the ending work in process inventory.
Equivalent units of production for materials:
Beginning work in process inventory: 16,000 units × 60% complete = 9,600 equivalent units
Units started and completed: 85,000 units
Total equivalent units for materials = 9,600 + 85,000 = 94,600 units
Equivalent units of production for conversion costs:
Beginning work in process inventory: 16,000 units × 60% complete = 9,600 equivalent units
Units started and completed: 85,000 units
Ending work in process inventory: 8,000 units × 30% complete = 2,400 equivalent units
Total equivalent units for conversion costs = 9,600 + 85,000 + 2,400 = 96,000 units
Total units transferred out in June:
Total units transferred out = Equivalent units of production for materials = 94,600 units
Based on the given information and calculations, 77,000 units were transferred out in June.
To know more about production, visit
https://brainly.com/question/7924898
#SPJ11
[Problem 2] [10 points]. Marvel Corporation (a C-corporation) has the following operating profit for 2019 through 2021. 2019 2020 2021 Year Operating profit ($60,000) $30,000 $50,000 Assume the margin
The tax savings in 2019 would be ($60,000) * 0.21 = ($12,600), the tax liability in 2020 would be $30,000 * 0.21 = $6,300, the tax consequences would be a tax liability of $50,000 * 0.21 = $10,500. To calculate the margin for Marvel Corporation, we need to divide the operating profit by the revenue.
Given:
Operating profit for 2019: $60,000
Operating profit for 2020: $30,000
Operating profit for 2021: $50,000
(1) The tax consequences for Marvel Corporation in 2019, 2020, and 2021 are as follows:
- In 2019, Marvel Corporation incurred an operating loss of ($60,000). Since the marginal tax rate is flat at 21%, the tax consequences would be a tax savings equal to 21% of the operating loss. Therefore, the tax savings in 2019 would be ($60,000) * 0.21 = ($12,600).
- In 2020, Marvel Corporation had an operating profit of $30,000. The tax consequences for a profitable year would be a tax liability equal to 21% of the operating profit. Therefore, the tax liability in 2020 would be $30,000 * 0.21 = $6,300.
- In 2021, Marvel Corporation generated an operating profit of $50,000. Similar to 2020, the tax consequences would be a tax liability of $50,000 * 0.21 = $10,500.
(2) The tax law allows business taxpayers to carry the net operating loss (NOL) to provide relief and support for businesses during periods of financial hardship. By carrying the NOL, businesses can offset future taxable income and reduce their tax liability. This provision helps to smooth out the tax burden and allows businesses to recover from losses over time. It recognizes that business profitability can fluctuate due to various factors such as economic downturns, market conditions, or unexpected events. Allowing the carryover of NOLs encourages entrepreneurship and provides a safety net for businesses, promoting stability and continuity in the business environment.
Learn more about profit margin analysis and financial performance metrics here:
brainly.com/question/31643372
#SPJ11
Complete Question- Marvel Corporation (a C-corporation) has the following operating profit for 2019 through 2021.
Year 2019 2020 2021
Operating profit ($60,000) $30,000 $50,000
Assume the marginal tax rate is flat 21%. (1) Discuss the tax consequences in year 2019, 2020, and 2021, respectively. (2) Why does the tax law allow business taxpayers to carry the net operating loss (NOL)?
a constant-cost industry has a long-run supply curve that is group of answer choices upward sloping. downward sloping. horizontal. u-shaped.
In a constant-cost industry, the long-run supply curve is typically horizontal. This means that as the demand for the product increases or decreases, the industry can adjust its output without affecting the cost of production.
In other words, the cost of production remains constant regardless of the level of output, which results in a horizontal supply curve. As the industry expands or contracts, firms can enter or exit the market, respectively, without affecting input prices or resource availability.
This implies that the firms' costs remain constant regardless of the industry's output level. Consequently, the long-run supply curve is a horizontal line representing the quantity of output that firms are willing and able to supply at various price levels. This characteristic of a constant-cost industry distinguishes it from industries with upward-sloping or downward-sloping long-run supply curves, where costs tend to change as output expands or contracts.
Learn more about constant-cost here:
https://brainly.com/question/28774284
#SPJ11
what does it mean in cuny first when it sayd you have a hold on your record. the hold on your record must be removed before this transaction can be processed.
In CUNY First, when it says you have a hold on your record, it means that there is a restriction or block in place that prevents certain transactions or actions from being processed.
The hold can be placed on a student's record for various reasons, such as outstanding financial obligations, academic or administrative issues, disciplinary matters, or missing documentation.
The hold serves as a way for the university to ensure that any outstanding matters or requirements are resolved before allowing certain transactions to take place. These transactions can include registering for classes, accessing grades, receiving official transcripts, or making changes to personal information.
To proceed with the desired transaction, the hold on your record must be removed. This typically involves addressing the specific issue or requirement that led to the hold. For example, if the hold is due to unpaid tuition or fees, you would need to clear the outstanding balance by making a payment. If it is an academic hold, you may need to meet with an advisor or resolve any academic-related concerns.
It is essential to contact the appropriate department or office at your CUNY institution to understand the specific nature of the hold and the steps required to have it removed. They will provide guidance and assistance to help you resolve the hold and proceed with your desired transaction.
Learn more about financial here:
https://brainly.com/question/28319639
#SPJ11