In 2009, an agricultural company introduced a new cropping process which reduced the cost of growing some
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In 2009, an agricultural company introduced a new cropping process which reduced the cost of growing some of its crops. If sales in 2008 and 2009 were steady at 25 million, but the gross margin increased from 2.7% to 3.8% between those years, by what amount was the cost of sales
A C corporation earns 8.9 per share before taxes. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 36%. What is the total amount of taxes paid if the company pays a $5 dividend?
Assume that you are 30 years old today, and that you are planning on retirement at age 65. Your current salary is $54,000 and you expect your salary to increase at a rate of 3% per year as long as you work. To save for your retirement, you plan on making annual contributions to a retirement account. Your first contribution will be made on your 31st birthday and will be 8% of this year's salary. You expect to deposit 8% of your salary each year until you reach age 65. Assume that the rate of interest is 7%. The present value (PV) (at age 30) of your retirement savings is closest to:
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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