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Brenda’s Bar and Grill has total assets of $19.0 million, of which $13.0 million are current assets. Cash makes up 10 percent of the current assets and accounts receivable makes up another 40 percent of current assets. Brenda’s gross plant and equipment has a book value of $16.5 million and other long-term assets have a book value of $600,000. What is the balance of inventory and the balance of depreciation on Brenda's Bar and Grill’s balance sheet? (Enter your answers in millions of dollars rounded to 1 decimal place.)
Inventory?
Depreciation?
Go to the following online brokerages and compare their transaction fees: AMERITRADE, E-TRADE, and ScottTrade.- Which has the highest transaction fee?
Effective Annual Rate A loan is offered with monthly payments and a 6.75 percent APR. What's the loan's effective annual rate (EAR)? Present Value of a Perpetuity What's the present value, when interest rates are 6.50 percent, of a $100 payment made ..
Image your small business that produces very small remote control aircraft capable of long sustained flights. You are ready to expand your business by competing for Department of Defense (DoD) contracts.
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Nancy Marchand purchased a put option on British pounds for $.04 per unit. The strike price was $1.80 and the spot rate at the time the pound option was exercised was $1.59. Assume there are 31,250 units in a British pound option. What was Nancy’s ne..
Investors expect an 8 percent return on Hill Propane common shares. What is the current selling price of the stock?
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