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You have accumulated $8,000 and are looking for the best rate of return that can be earned over the next year. A bank savings account will pay 6%. A one-year bank certificate of deposit will pay 8%, but the minimum investment is $10,000. Required (a)Calculate the amount of return you would earn if the $8,000 were invested for one year at 6%. (Omit the "$" sign in your response.) Amount of return $ (b)Calculate the net amount of return you would earn if $2,000 were borrowed at a cost of 15%, and then $10,000 were invested for one year at 8%. (Omit the "$" sign in your response.) Net amount of return $ (c) Calculate the net rate of return on your investment of $8,000 if you accept the strategy of part b. (Round your answer to 2 decimal places. Omit the "%" sign in your response.)
Andrea, who is 28 and single, has adjusted gross income of $50,000 and itemized deductions of $5,500. In 2013, Andrea will have a taxable income of:
1 briscoe company sells it product for 60 per unit. during 2011 it produced 60000 units and sold 50000 units there are
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Which extended the useful life of the truck for an additional two years beyond that originally estimated (salvage value is still estimated at $24,000). In computing depreciation for annual adjustment purposes, expense is calculated for each month ..
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Randiddle Co. is a merchandising business.
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The board of directors declares and pays a$50,000 dividend in 2009. What is the amount of dividends receivedby the Preferred and common stockholders in 2009?
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