How do you juggle being a student and being an entrepreneur?

A firm has an equity multiplier of 1.57, an unlevered cost of equity of 14 percent, a levered cost of equity of 15.6 percent, an

Elanso [62]

Answer:

10.45%

Explanation:

Calculation to determine the cost of debt

B/S = 1.57 − 1

B/S = .57

.156 = .14 + .57(1 −.21)(.14 − RB)

.156 = .14 + .57(.79)(.14 − RB)

RB = .1045*100

RB= 10.45%

Therefore the cost of debt is 10.45%

6 0

3 years ago

Cherokee Inc. is a merchandiser that provided the following information: Amount Number of units sold 14,000 Selling price per un

timama [110]

Answer:

Results are below.

Explanation:

Traditional format income statement:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 10,000 + 86,000 - 23,000

COGS= $73,000

Sales= 14,000*17= 238,000

COGS= (73,000)

Gross profit= 165,000

Total selling expense= (2*14,000 + 19,000)= (47,000)

Total administrative expense= (3*14,000 + 15,000)= (57,000)

Net operating income= 61,000

Contribution margin income statement:

Total variable cost= 73,000 + 14,000*2 + 14,000*3= 143,000

Sales= 14,000*17= 238,000

COGS= (143,000)

Gross profit= 95,000

Total fixed selling expense= (19,000)

Total fixed administrative expense= (15,000)

Net operating income= 61,000

3 0

3 years ago

suppose the returns on long term corporate bonds and T-bills are normally distributed. Based on the values below answer the foll

postnew [5]

Answer:

32.35% ( the probability that in any given year, the return on long-term corporate bonds will be greater than 10 percent )

Explanation:

Given data for long-term corporate bonds

Standard deviation : 8.3%

mean = 6.2%

To calculate the probability that in any given year, the return on long-term corporate bonds will be greater than 10 percent ( USING THE NORM-DIST FUNCTION )

P( x > 10% ) = 1 - P(x<10%) = 1 - NORM-DIST (10,6.2,8.3,TRUE ) = 0.3235

= 32.35%

attached below is the missing part of your question

3 0

3 years ago

On July 1, 2019, Noble, Inc. issued 9% bonds in the face amount of $10,000,000, which mature on July 1, 2025. The bonds were iss

gladu [14]

Answer:

$322,400

Explanation:

Calculation for At June 30, 2021, Noble's unamortized bond discount

First step is to calculate unamortized bond for 2019-2020

Unamortized bond 2019-2020= $9,560,000 + [($9,560,000 × .1) - ($10,000,000 × .09)]

Unamortized bond 2019-2020=$9,560,000 + [($9,560,000 - $900,000)]

Unamortized bond 2019-2020=$9,560,000 + $56,000

Unamortized bond 2019-2020= $9,616,000

Second step is to calculate Unamortized bond for 2020-2021

Unamortized bond 2020-2021= $9,616,000+ [( × $9,616,000.1) - ($10,000,000 × .09)]

Unamortized bond 2020-2021=$9,616,000 + ($961,600 - $900,000)

Unamortized bond 2020-2021 = $9,677,600

Now let calculate unamortized bond discount

Unamortized bond discount =$10,000,000 - $9,677,600

Unamortized bond discount = $322,400

Therefore At June 30, 2021, Noble's unamortized bond discount should be $322,400

4 0

3 years ago

How much was a dozen of eggs in 1980

Korolek [52]

a dozen eggs in 1980 was 84 cents.

3 0

3 years ago

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