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Question - The income statement of Jane Restaurant Inc. for the years 2019 and 2020 showed the following gross profit calculation.
2020
2019
Sales Revenue
$94,000
$67,000
Cost of Goods Sold
$72,000
$54,000
Gross Profit
$22,000
$13,000
Required - Calculate the gross profit margins for both years.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
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