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Rickos Rickos
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6 years ago
A & K Co. expects to have earnings before taxes of $250,000 to $300,000.  The company's marginal tax rate is 39% and its average tax rate about 33%.  For every additional dollar of interest expense, A & K's taxes will
A) increase by 39 cents.
B) fall by 39 cents.
C) be unaffected.
D) fall by about 33 cents.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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LutionalLutional
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6 years ago
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Rickos Author
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#2
6 years ago
I really needed your help, thank you! Smiling Face with Glasses
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