Answer: $246,400
Explanation:
Qualified residence indebtedness refers to the mortgage that's taken to purchase or improve on one's main home.
Based on the information given above, the on the $246,400 of the first and second mortgage is treated as qualified residence indebtedness.
Answer: $4.70
Explanation:
The new earnings per share will be calculated thus:
Total Earnings = $10,800
Outstanding Shares = 2,500
Equity = $13,500
Per Share Value:
= Equity / Outstanding shares
= $13,500/2,500
= $5.4 per share
The number of shares that' will be bought by the excess cahs will be:
= 1100/5.4
= 203.70 shares
Number of shares outstanding after buyback will be:
= 2,500 - 203.70
= 2296.30
Earnings per share will then be:
= 10,800/2,296.30
= $4.70
Answer:
What is the firm's lowest weighted cost of capital?
Kd=kd(1-tax)
Kd=0.14(1-0.4)=0.084
Kd=0.15(1-0.4)=0.09
(0.60.18)+(0.10.15)+(0.3*0.084)=14.82%
A. 14.82%
What is the firm's highest weighted cost of capital?
(0.60.196)+(0.10.15)+(0.3*0.09)=15.96%
D. 15.96%
Explanation:
Answer:
18,900 units were produced during the period
Explanation:
General, selling, and administrative expenses does not make part of the Manufacturing Overhead Costs so the calculation of the units is as follow:
(Direct materials + Wages for production workers + Lease payments, utility costs, and depreciation on factory equipment) / the average cost to produce one unit
( $28,810 + $49,900 + $13,900) / $4.90 = $92.610,00 / $4.90 = 18,900
<span>An investment bank is a financial institution that assists individuals, corporations, and governments in raising financial capital by underwriting or acting as the client's agent in the issuance of securities.</span>