1 eight months ago turner purchased 100 shares of delta, Ask an Expert

Finance

1. Eight months ago, Turner purchased 100 shares of Delta Frames stock at a price of $46.50 a share. Delta pays a quarterly dividend of $1.10 a share. Today, Turner sold all of his shares for $49 per share. What is Turner's total capital gain on this investment?

a. $155

b. $180

c. $250

d. $375

e. $200

2. ABC Products needs to replace its rawhide tanning and molding equipment. It can be used for five years and will have no salvage value. The equipment costs $930,000. The firm can lease it for $245,000 a year, or it can borrow the money to purchase the equipment at 8%. The firm's tax rate is 40%. The CCA rate is 20% (Class 8).What is the present value of the depreciation tax shield?

a. 293,130

b. $243,885

c. $277,177

d. $236,959

e. $286,000

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92857963

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