Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Assignment: State and Local Finance
Notes:
1. Any submitted documents that cannot be opened will not be graded and receive a zero.
2. Do your own work. You may work together, but you answers should not be the same. Answers considered to be the same will be graded as a zero.
3. Start each new question on a separate page.
1. Suppose that a state government levies an ad valorem sales tax on the purchase of all goods at retail but not on the purchases of services. The tax is levied only on final sales of goods and not on sales of intermediate goods. The state has a companion use tax, but makes little effort to collect that tax for consumer purchases except for automobiles. Discuss the various ways (there are at least four) an individual consumer could change behavior to avoid or reduce liability for the state sales tax. What economic costs could arise from each type of action?
2. "Sales taxes are fairer than income taxes because sales taxes cannot be avoided by the rich." Evaluate this idea. Describe the evidence about the distribution of sales tax burdens among different income taxpayers. Would it be possible to design a sales tax that is more progressive than an income tax?
Find the variance and standard deviation of X.
Tom Adams has received a job offer from a large investment bank as a clerk to an associate banker.
In regards to vanilla interest rate swaps: What is the notional amount? Why is it used in converting a variable rate loan to a fixed payment loan?
XYZ has just sold a callable bond. The bond is a thirty year semi-annual bond with a coupon rate of 8%. Investors, however, can call the bond starting at the end of ten years. If the yield-to-call on this bond is 10% and the call requires XYZ to pay ..
If a am the owner of a convertible mortgage note receivable, with interest of 8%, if mortgage interest rates in the market drop to 4.86%, what is the change in price? The FV is $70 million. The NOI is $6.8m. Is there any way to calculate the change w..
George is a limited partner in the GLH Partnership. His basis is $40,000 before considering the current year operations.
If the relevant tax rate is 30 percent, what is the aftertax cash flow from the sale of this asset?
Explain and give examples of the three needs for liquidity. Compare and contrast the use of assets and liabilities for liquidity sources.
Project A: 15,000 investment. Bank loan, 9% interest rate annual, monthly payments. Project B: 2,000 cash investment, plus 150 delivery, 650 installation. No required rate of return given, no equity. Cost of debt after tax 8%
Niko has purchased a brand new machine to produce its High Flight line of shoes. The machine has an economic life of five years. The depreciation schedule for the machine is straight-line with no salvage value. What is the financial break-even point?
(Cost of common equity) The common stock for the Hetterbrand Corporation sells for $ 59.33 and the last dividend paid was $2.26.
Research the glass ceiling phenomenon. Do you believe that the glass ceiling still exists?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd