Mantle Corporation is considering two equally risky investme…

Mantle Corporation is considering two equally risky investments: ∙         A $5,000 investment in preferred stock that yields 6.95%.∙         A $5,000 investment in a corporate bond that yields 10.00%.What is the breakeven corporate tax rate that makes the company indifferent between the two investments? Assume a 70.00% dividend exclusion for tax on dividends. (Do not round your intermediate answer and round your final answer to two decimal places.)

Assume that the chart of accounts for Roth Co. includes the…

Assume that the chart of accounts for Roth Co. includes the following accounts:  Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 3, Roth Co. purchased equipment on account, $5,000.  Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (1) as the debit account for the $5,000 amount.                                                  JOURNAL                                              page 2   date description p.ref. debit CREDIT 7/03/Y6 (1)   $5,000       (2)     $5,000    

Assume that the chart of accounts for Roth Co. includes the…

Assume that the chart of accounts for Roth Co. includes the following accounts:  Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 8, the company received cash from a cash customer for cash job completed $10,000.  Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (1) as the debit account for the $10,000 amount.                                         JOURNAL                                            page 2   date description p.ref. debit CREDIT 7/08/Y6 (1)   $10,000       (2)     $10,000