1. Choose one that correctly states

a Trademarks and patents are highly liquid

b For a decision making, market value is more important than book value

c To be a healthy company, equity should be more than debt

d Liabilities are a residual claim against a companys asset

e Average tax rate is the portion of total tax payment out of total revenue

sj. Currently Nathan deposits $300 at the end of each month into an IRA and his company will match 40% of his deposit amount. He will retire in 45 years. Assuming his account will earn 8.5% interest rate (APR), how much he can withdraw monthly after his retirement after-tax basis? (Assume he will live for another 25 years after retirement, his average tax rate will be 20%, and his deposit amount will remain constant).

$15,387

$17,062

$11,573

$16,890

$7,040