Mary bought a bond ?a debt security for $2,500 with a nominal interest rate of 5 percent. If the inflation rate is 4 percent and Mary must pay 30 percent of her income in taxes, her after-tax nominal interest income is _____.
A. ?$87.50
B. ?$22.50
C. ?$37.50
D. ?$48.50
Answer: A
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Indicate whether the statement is true or false
From the adjusted trial balance for Fabricated Products Company given below, prepare the necessary closing entries.Fabricated Products CompanyAdjusted Trial BalanceDecember 31?DebitCreditCash$19,400?Accounts receivable25,000?Merchandise inventory26,000?Office supplies1,900?Store equipment84,000?Accumulated depreciation-store equipment?$22,000Office equipment40,000?Accumulated depreciation-office equipment?15,000Accounts payable?12,000Notes payable?40,000Common stock?20,000Retained earnings?90,700Dividends28,000?Sales?245,000Sales discounts6,000?Sales returns and allowances16,500?Cost of goods sold145,000?Sales salaries expense32,500?Depreciation expense-store equipment11,000?Depreciation expense-office equipment7,500?Office supplies
expense1,300?Interest expense600?Totals $444,700$444,700 What will be an ideal response?
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A) Allow potential buyers to check whether there are any liens or mortgages on a piece of property. B) Guarantee that buildings meet certain minimum standards as far as condition goes. C) Eliminate the need to acquire title insurance because the chain of title can be traced. D) Are optional in most parts of the country.
The total product offering consists of three interdependent elements: the core product, its supplemental features, and its symbolic or experiential benefits.
Answer the following statement true (T) or false (F)