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Author Question: A mortgage-backed bond means the issuing company has a mortgage on property supporting the bond. ... (Read 155 times)

jessicacav

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on: Jul 10, 2018
A mortgage-backed bond means the issuing company has a mortgage on property supporting the bond.
 
  Indicate whether the statement is true or false

Question 2

Stan's Cans, Inc expects to earn 150,000 next year after taxes on sales of 2,200,000. Stan's manufactures only
  one size of garbage can. Stan sells his cans for 8 apiece and they have a variable cost of 2.40 apiece.
 
  Stan's tax
  rate is currently 34.
  a. What are the firm's expected fixed costs for next year?
  b. What is the break-even point in units?


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Dominic

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Reply #1 on: Jul 10, 2018
Answer to Question 1

FALSE

Answer to Question 2

a. (P  Q - (V  Q) + F) (1 - T) = 150,000
(2,200,000 - 660,000 - F)(.


jessicacav

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Reply #2 on: Jul 10, 2018
Thank you :)


Dominic

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Reply #3 on: Jul 10, 2018
Happy to help you


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