A 7-year municipal bond yields 4.80%. Your marginal tax rate (including state and federal taxes) is 36.00%. What interest rate on a 7-year corporate bond of equal risk would provide you with the same after-tax return? (Round your final answer to two decimal places.)
A. 6.08%
B. 6.45%
C. 9.30%
D. 9.08%
E. 7.50%
Answer: E
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Which of the following is true of the net marketing contribution of a firm?
A) It sets a benchmark to gauge improving or deteriorating marketing profitability. B) General and administrative expenses are included to assess the net marketing contribution. C) It is an internal in-process financial metric. D) It is equal to the revenues of the firm. E) It includes all operating expenses.
When pitching a story idea, never believe
A) a connector could be sincerely interested in your story. B) that non-media connectors are nearly as effective communicators as traditional media. C) that public relations can do a better job than advertising. D) anything you say is off the record. E) you are different than anyone else with a message to send.
Corporate Security Company provides other firms with security services.Questions of what is ethical involve the extent to which Corporate Security has
a. a legal duty beyond those duties mandated by ethics. b. an ethical duty beyond those duties mandated by law. c. any duty beyond those mandated by both ethics and the law. d. any duty when it is uncertain whether a legal duty exists.
Pebbles Corporation has two manufacturing departments--Casting and Finishing. The company used the following data at the beginning of the year to calculate predetermined overhead rates: CastingFinishingTotalEstimated total machine-hours (MHs) 2,000 3,000 5,000Estimated total fixed manufacturing overhead cost$9,800$6,300$16,100Estimated variable manufacturing overhead cost per MH$2.00$2.40 During the most recent month, the company started and completed two jobs--Job A and Job L. There were no beginning inventories. Data concerning those two jobs follow: Job AJob LDirect materials$15,400$9,600Direct labor cost$24,900$6,200Casting machine-hours 1,400 600Finishing machine-hours 1,200 1,800 Assume that the company uses a plantwide predetermined manufacturing overhead rate
based on machine-hours. The total manufacturing cost assigned to Job L is closest to: A. $6,200 B. $28,904 C. $9,600 D. $13,104