Gcurtis invests $425,000 in a city of athens bond that pays 6.25 percent interest. alternatively, curtis could have invested the $425,000 in a bond recently issued by initech, inc. that pays 7.25 percent interest with similar risk as the city of athens bond. assume that curtis's marginal tax rate is 24 percent. how much explicit tax would curtis incur on interest earned on the initech, inc. bond?

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When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue. accounts receivable and crediting interest revenue. notes receivable and crediting accounts receivable and interest revenue. notes receivable and crediting accounts receivable.

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.