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High Sky, Inc., a hot-air balloon manufacturing firm, currently has the following simplified balance sheet: Assets Liabilities and Capital Total Assets $ 1,100,000 Bonds (10% interest) $ 600,000 Common Stock at par ($3), 100,000 shares outstanding $ 300,000 Contributed capital in excess of par $ 100,000 Retained earnings $ 100,000 Total libalities and capital $ 1,100,000 The company is planning an expansion that is expected to cost $600,000. The expansion can be financed with new equity (sold to net the company $4 per share) or with the sale of new bonds at an interest rate of 11 percent. (The firm's marginal tax rate is 40 percent.) Compute the indifference point between the two financing alternatives. If the expected level of EBIT for the firm is $240,000 with a standard deviation of $50,000, what is the probability that the debt financing alternatives will produce higher earnings than the equity alternative? (EBIT is normally distributed.) If the debt alternative is chosen, what is the probability that the company will have negative earnings per share in any period?
department r had 4382 units in work in process that were 77 completed as to labor and overhead at the beginning of the
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East Coase Cleaners borrows $10,000 for 90 days and pays $210 interest. What is the effective rate of interest if the loan is discounted?
What do you do if you are unable to determine internal controls? Which do you think is most important?
Tom Hughes died in 2009 with a gross estate of $3.9 million and debt of $30,000. He made post-1976 taxable gifts of $100,000, valued at $80,000 when he died. His estate paid state death taxes of $110,200. What is his estate tax base?
The corporation issues the stock to Sid on September 13, 2010, to raise additional equity capital. Sid owns no other Orlando stock.a. Does Orlando's S election terminate? If so, when is the termination effective?
what is the straight-line method of amortizing discount and premium on bonds payable? provide an explanation of the
Make the adjusting entry to shift the current installment of the long-term note payable to a current liability. Also accrue interest expense at year end.
everly corporation acquires a coal mine at a cost of 479200. intangible development costs total 119800. after
marlin companys december 31 year-end unadjusted trial balance shows a 24000 balance in notes receivable. this balance
A company grosses $100 million per year and shows a 12 percent profit. It hires a security director, a security staff, and security equipment, which costs the company $2 million per year but reduces its losses, or "shrinkage," from 9 percent to 5 ..
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