Alice and bruce are planning some significant changes for 2019. they have provided you with the following information and asked you to project their taxable income and tax liability for 2019. assume that the byrds will itemize their deductions next year. the byrds will invest the $1,600,000 of life insurance proceeds in short-term certificates of deposit (cds) and use the interest for living expenses during 2019. they expect to earn interest of $32,000 on the cds.

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Gulliver travel agencies thinks interest rates in europe are low. the firm borrows euros at 5 percent for one year. during this time period the dollar falls 11 percent against the euro. what is the effective interest rate on the loan for one year? (consider the 11 percent fall in the value of the dollar as well as the interest payment.)

As sales exceed the break‑even point, a high contribution‑margin percentage (a) increases profits faster than does a low contribution-margin percentage (b) increases profits at the same rate as a low contribution-margin percentage (c) decreases profits at the same rate as a low contribution-margin percentage (d) increases profits slower than does a low contribution-margin percentage