You have a choice between investing in a corporate bond or a municipal bond. The corporate bond has an
annual yield of 10 percent, while the municipal bond has an annual yield of 7 percent.
At what tax rate would
you be indifferent between buying the corporate bond or the municipal bond?
Before-tax equivalent yield on municipal bond = .07 (1 - tax rate)
Before-tax yield on corporate bond = .10
.10 = .07 : Tax Rate = 1 - (.07/.
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On July 8, Alton Co issued an $80,000, 6%, 120-day note payable to Seller Co Assume that the fiscal year of Alton Co ends July 31. Using the 360-day year in your calculations, what is the amount of interest expense recognized by Alton in the current fiscal year?
A) $1,200.00 B) $106.67 C) $306.67 D) $400.00
How should change leaders respond to resistance?
a. Understand that resisters are being oppositional and difficult b. Do whatever you can to silence resisters so they don’t disrupt the change c. Consider their perspective and why they are resisting the change d. Try to overcome their attitudes by getting more people on board to override them
Employees should be encouraged to do all of the following except
a. Participate in the management of their own performance b. Keep their own performance records c. Meet regularly with the supervisor to discuss performance successes and challenges d. File grievances when they are not happy about a performance evaluation
A leader should schedule time regularly to clean out papers and record important information.
a. True b. False