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T/F Increasing the frequency of payments on a loan, from annually to semi-annually, results in a faster principal reduction throughout the loan term. PDQ Corporation
T/F
Increasing the frequency of payments on a loan, from annually to semi-annually, results in a faster principal reduction throughout the loan term.
PDQ Corporation has sales of $3,000,000, a cost of goods sold of $1,425,000, and total operating expenses of $700,000. the firms interest expense is $230,000 and its marginal tax rate is 35%. What is PDQs tax liability?
A) 645000
B) 225000
C)387000
D)350000
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