Antonio would like to replace his golf clubs with a custom-measured set. A local sporting goods megastore is advertising custom clubs for $760, including a new bag. In-store financing is available at 4.26 percent, or he can choose not to renew his $300 certificate of deposit (CD), which just matured. The advertised CD renewal rate is 4.86 percent. Antonio knows the in-store financing costs would not affect his taxes, but he knows he'll pay taxes (25 percent federal and 5.75 percent state) on the CD interest earnings. Should he cash the CD or use the in-store financing? Why?
Answers: 3
Business, 22.06.2019 21:10
Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.
Answers: 3
Business, 23.06.2019 10:10
Swain company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. the company's beginning balance in retained earnings is $65,000. it sells one product for $170 per unit and it generated total sales during the period of $603,500 while incurring selling and administrative expenses of $54,500. swain company does not have any variable manufacturing overhead costs and its standard cost card for its only product is as follows:
Answers: 1
Business, 23.06.2019 10:30
This pie chart shows a sample weekly budget. in this budget, how much money is going toward optional expenses? $70 $75 $10 $35
Answers: 1
Business, 24.06.2019 03:50
Which of the following is the purpose of economic indicators? a. to inform consumers how fast prices are going to rise. b. to indicate whether an unemployed worker is likely to get a new job. c. to judge the overall condition of a particular country's economy. d. to figure out how fast the gross domestic product is growing.
Answers: 1
Antonio would like to replace his golf clubs with a custom-measured set. A local sporting goods mega...
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