Agents of socialization comprise parents, siblings, extended family, economic environment, religion, community, culture, child care, school, teachers, peers, sports, mass media, formal organizations and technology. In an ideal world, such agents would complement one another in order to best persuade…
Explain the various agents of socialization and why they are important. Do you think socializing agents contribute to an institutionalized system of social inequality?
An investor purchases one municipal and one corporate bond that pay rates of return of 8.3% and 2% respectively. If the investor is in the 18.37% tax bracket, his after tax rates of return on the municipal and corporate bonds…
The Shrives Corporation has $10,000 that it plans to invest in marketable securities. It is choosing among AT&T bonds, which yield 7.5%, state of Florida muni bonds, which yield 5% (but are not taxable), and AT&T preferred stock, with a…
The Shrieves Corporation has $5,000 that it plans to invest in marketable securities. It is choosing among AT&T bonds, which yield 8.75%, state of Florida muni bonds, which yield 6% (but are not taxable), and AT&T preferred stock, with a…
You purchase a share of stock for $30. One year later you receive $1.00 as dividend and sold the share for $39. What was your holding period return? Suppose the rate of inflation over the year was 10%. What was…
Compare the after-tax returns for a corporation that invests in preferred stock with a 12% dividend versus a common stock with no dividend but a 16% capital gain. The corporation’s tax rate is 35%.
Royal Dutch Petro (RDP) is considering a new equipment purchase that would replace some existing equipment. The old equipment has a Book Value (BV) of $400 thousand and RDP estimates that the equipment could be sold for ONLY $150 thousand.…
The appropriate discount rate for valuing a financial lease is: A. the firm’s after-tax weighted average cost of capital. B. the after-tax required return on assets of risks similar to the leased asset. C. the after-tax cost of secured borrowing.…
The answer to Finding equilibrium price and quantity Office building maintenance plans call for the stripping, waxing, and buffing of ceramic floor tiles. This work is often contracted out to office maintenance firms, and both technology and labor requirements are…
