The typical real estate commission is between 2 and 3 percent of the homes selling price. Indicate whether the statement is true or false ANSWER FALSE
Date: September 19th, 2020
FICA taxes include two components these consist of A) old age-disability and health insurance. B) unemployment compensation and disability insurance. C) old age and unemployment compensation insurance. D) accident and disability insurance. ANSWER A
Date: September 19th, 2020
Blackwater Adventures has a bond issue outstanding that matures in sixteen years. The bonds pay interest semi-annually. Currently, the bonds are quoted at 103 percent of face value and carry a 9 percent coupon. The firm’s tax rate is 34 percent. What is the firm’s after-tax cost of debt? A) 5.19 percent B) 5.71 percent […]
Date: September 19th, 2020
The Bet-r-Bilt Company has a six-year bond outstanding with a 5 percent coupon. Interest payments are paid semi-annually. The face amount of the bond is $1,000. This bond is currently selling for 98 percent of its face value. What is the company’s pre-tax cost of debt? A) 4.72 percent B) 5.31 percent C) 5.35 percent […]
Date: September 19th, 2020
Most home sales are through a real estate agent. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
What is the payback period of the F-22 Raptor project? The Lockheed Martin/Boeing F-22 Raptor is a stealth fighter aircraft. It was designed primarily as an air superiority fighter, but it is also capable of ground attack and other roles. Lockheed Martin Aeronautics is the prime contractor and is responsible for the majority of the […]
Date: September 19th, 2020
Gentech, Inc is an integrated circuit (microchip) manufacturer based out of New Jersey. Its principal products include microprocessors and motherboard chipsets. Selected financial statement values for Gentech are shown in the table, below. What is the degree of operating leverage for Gentech given the change in revenues from Year 1 to Year 2? Gentech Inc […]
Date: September 19th, 2020
The ________ method to analyze cash flows associated with a project does not consider the time value of money. A) payback period B) net present value (NPV) C) profitability index (PI) D) internal rate of return (IRR) E) modified internal rate of return ANSWER A
Date: September 19th, 2020
Forbes magazine is exclusively investment-oriented. Indicate whether the statement is true or false ANSWER TRUE
Date: September 19th, 2020
The Hope Scholarship Credit A) is available for the first two-years of postsecondary education. B) may be taken along with the Lifetime Earning Credit in any given year. C) is available to all, regardless of income. D) may be claimed for only one student on a single family’s return. ANSWER A
Date: September 19th, 2020
