An example of a tax-exempt investment is
A) interest on U.S. savings bonds.
B) dividends from corporate stock.
C) earnings from a mutual fund.
D) interest on municipal bonds.
E) interest on corporate bonds.
Answer: D) interest on municipal bonds.
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Craylon Corp has three divisions, which operate autonomously. Their results for 2015 were as follows:
East West International Sales $30,000,000 $40,000,000 $50,000,000 Cost of goods sold 15,000,000 25,000,000 37,000,000 Operating income 4,500,000 5,000,000 5,500,000 Investment base 30,000,000 32,000,000 34,000,000 The company's desired rate of return is 15%. Required: a. Compute each division's ROI. Round to three decimal places. b. Compute each division's residual income.
Authorized shares of stock refer to the number of shares currently held by the stockholders
Indicate whether the statement is true or false