Which of the following is the correct formula to calculate the after-tax cost of a home equity loan?
A) After-tax cost of a home equity loan = before-tax cost (1 + marginal tax rate)
B) After-tax cost of a home equity loan = before-tax cost (1 - marginal tax rate)
Answer: B
Business
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Which of the following would be a target for a trade sales promotion offered by Science Diet pet food?
a. a Science Diet distributor b. children c. a dog food manufacturer d. dog shows
Business
Which of the following accounts will be shown on the balance sheet with accumulated depreciation account?
a. goodwill b. building c. land d. cash e. prepaid rent
Business