Emily is in the 35% marginal tax bracket. she can purchase a york county school bond yielding 3.5%
interest and the interest is not subject to a 5% state tax. but she is interested in earning a higher return
for comparable risk. which of the following is correct:
a. if she buys a corporate bond that pays 6% interest, her after-tax rate of return will be less than if
she purchased the york county school bond.
b. if she buys a u. s. government bond paying 5%, her after-tax rate of return will be less than if
she purchased the york county school bond.
c. if she buys a common stock paying a 4% dividend, her after-tax rate of return will be higher
than if she purchased the york county school bond.
d. all of these are correct.
e. none of these are correct.

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities. required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.

Google started as one of many internet search engines, amazon started as an online book seller, and ebay began as a site where people could sell used personal items in auctions. these firms have grown to be so large and dominant that they are facing antitrust scrutiny from competition regulators in the us and elsewhere. did these online giants grow by fairly beating competition, or did they use unfair advantages? are there any clouds on the horizon for these firms -- could they face diseconomies of scale or diseconomies of scope as they continue to grow? if so, what factors may limit their continued growth?

2. a computer equipment was acquired at the beginning of the year at a cost of $56,000 with an estimated residual value of $5,000, and an estimated useful life of five years. determine the second year’s depreciation expense using the straight-line method.