The owner of a small pipeline construction company wants to determine how much he should bid in his attempt to win his first "big" contract. He estimates that his cost to complete the project will be $7.2 million in PW equivalency. He wants to bid an amount that will generate an after-tax rate of return of 15% per year; however, he doesn’t know how much to bid on a before-tax basis. He told you that his effective state tax rate is 12% and his effective federal tax rate is 22% per year. (a) The equation for determining the overall effective tax rate is:
state rate + (1 − state rate)(federal rate)
Determine his before-tax MARR in order to realize an after-tax MARR of 15% per year.
(b) How much should he bid?

Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.

Aprofessional does specialized work that's primarily: degree based. medical or legal. well paying. intellectual and creative

Afarmer is an example of what kind of producer?