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julia-pushkina [17]
3 years ago
7

Write the following In Words 689·104​

Business
1 answer:
loris [4]3 years ago
5 0
Six hundred eighty nine (689)

One hundred four (104)
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Consider the following information for Evenflow Power Co., Debt: 5,000 6.5 percent coupon bonds outstanding, $1,000 par value, 1
melamori03 [73]

Answer:

<em>WACC 10.07765%</em>

Explanation:

We solve for the cost of debt by solving for the discount rate which makes the future coupon payment and maturity of the bond equal to 1,020

This is solved using excel or a financial calculator

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 32.50

time 34

<em>rate 0.03153274</em>

32.5 \times \frac{1-(1+0.03153274)^{-34} }{0.0315327401919093} = PV\\

PV $672.0015

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity   1,000.00

time   34.00

<em> rate  0.03153274</em>

\frac{1000}{(1 + 0.03153274)^{34} } = PV  

PV   348.00

PV c $672.0015

PV m  $347.9985

Total $1,020.0000

<u>annual cost of debt:</u>

0.031532 x 2 = 0.063064 = 6.31%

<u>debt outstanding:</u>

5,000 bonds x $ 1,000  x 102/100 = 5,100,000

<u>equity</u>:

105,000 shares x $59 each = 6,195,000

For  the equity we solve using CAMP

Ke= r_f + \beta (r_m-r_f)

risk free = 0.05

market rate = 0.09

premium market = (market rate - risk free) 0.085

beta(non diversifiable risk) = 1.17

Ke= 0.05 + 1.17 (0.085)

<u>Ke 0.14945</u>

Now we solve for the WACC

WACC = K_e(\frac{E}{E+D}) + K_d(1-t)(\frac{D}{E+D})

D  5,100,000

E  6,195,000

V  11,295,000

Equity weight 0.5485

Debt Weight 0.4515

Ke 0.14945

Kd 0.0631

t 0.34

WACC = 0.14945(0.5485) + 0.0631(1-0.34)(0.4515)

<em>WACC 10.07765%</em>

7 0
3 years ago
Sapp Trucking's balance sheet shows a total of noncallable $45 million long-term debt with a coupon rate of 7.00% and a yield to
spin [16.1K]

Answer:

The difference between two WACC is 1.2%.

Explanation:

As we know that

WACC = Ke * Ve / (Ve + Vd (1-Tax))    +   Kd * Vd*(1-tax) / (Ve + Vd*(1-Tax))

Using the Book Value Method:

WACC =             14% *$65 / ($65m + $45m (1-40%))

                    + 6% *$45m*(1-.4) / ($65m + $45m (1-40%))

WACC = 10%  + 1.8% = 11.8%

<u>Using the market value method:</u>

Market Value of Common Stock = Common Shares * Market value per share

Market Value of Common Stock = 10 million * $22.5 per share = $225m

WACC =             14% *$225 / ($225m + $50m (1-40%))

                    + 6% *$50m*(1-.4) / ($225m + $50m (1-40%))

WACC = 12.35%  + 0.7% = 13%

The difference between two WACC is 1.2%.

4 0
4 years ago
Which of the following statements is true of workbench memory? a. It has unlimited duration. b. Its capacity remains the same ac
Setler [38]

Answer:

E) It has limited capacity.

Explanation:

Our brain's workbench memory stores and encodes information so that it can  be stored as long-term memory, and eventually it can be retrieved and used in the future. Since it is something like an intermediate stage, it has limited capacity. The events that are held there and not stored in our long-term memory will be discarded.

3 0
3 years ago
The Green Grape Company's Office Supplies account had a beginning balance of $12,000. During the month, purchases of office supp
ella [17]

Answer:

Dr Office supplies expense $15,000

Cr Office supplies $15,000

Explanation:

Given the above information, we can compute the proper adjusting entry as;

= ( Transfer $12,000 + $8,000 - $5,000)

= $15,000 from office supplies expense

Therefore, the proper adjusting entry is;

Dr Office supplies expense $15,000

Cr Office supply $15,000

7 0
3 years ago
Which factor is NOT a part of the highway traffic system
Mazyrski [523]
The answer is (D). There are many factors in the highway traffic system such as the environment, Highways, and Drivers but, Car washes are not a part of the system
8 0
4 years ago
Read 2 more answers
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