if the tax rate is 23%, the amount of the annual tax shield on debt will be $87,975.
Total Interest = Total Bonds * Face Value * Coupon Rate
Total Interest = (5,000 bonds*$ 1,000) * 7.65%
Total Interest = $5,000,000 * 7.65%
Total Interest = $ 382,500
Annual Tax Shield =Total Interest * Tax Rate
Annual Tax Shield = $382,500*23%
Annual Tax Shield = $87,975
In conclusion, if the tax rate is 23%, the amount of the annual tax shield on debt is $87,975.
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Answer:
An unreasonable noncompete clause
Explanation:
A noncompete clause is any provision of a contract that ensures that one party will not compete directly with the other party by starting a similar business or profession that generates competition between them. In the question, there was an example of An unreasonable noncompete clause, which is any clause provided for in a contract that goes beyond the limitations determined to be legally binding, such as the time period and geographic area where an individual cannot to compete.
Answer:
the amount of the fire loss is $16,000
Explanation:
The computation of the amount of the fire loss is shown below
January 1 inventory $48,000
Add purchases $46,000
Goods Available $94,000
Less Cost of Goods Sold ($90,000 × 100 ÷ 125) $72,000
Less Cost of undamaged goods ($7,500 × 100 ÷ 125) $6,000
Goods Lost by Fire $16,000
hence, the amount of the fire loss is $16,000
Philanthropy has a long history in the US.
Answer:
swimming pool is public good. basketball court public good. museums with admission fee are club good, metered parking public good. flood control public good
Explanation:
Answer:
14.17%
Explanation:
Annual tax revenue = $600 billion
Allocation for healthcare = $35 billion
Allocation for education = $50 billion
total allocation for healthcare and education = ($35 + $50) billion = $85 billion
percentage of these two categories of government spending to the total revenue generated is,
85/600 x 100% = 14.17%
The government allocates approximately 14.17% of its annual tax revenue to healthcare and education. This is calculated by dividing the sum of allocations to healthcare and education by the total tax revenue and then multiplying by 100 to convert that to a percentage.
To calculate the percentage of tax revenue allocated to healthcare and education by the government, we first need to add the amounts allocated to each of these sectors. In this case, $35 billion for healthcare plus $50 billion for education makes a total of $85 billion. Then, we divide this sum by the total revenue, which is $600 billion, and multiply the result by 100 to get the percentage.
So, the calculation will look like this:
(($85 billion / $600 billion) * 100) = 14.167%.
Therefore, the government allocates approximately 14.17% of its annual tax revenue to healthcare and education.
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Answer:
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