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3241004551 [841]
3 years ago
14

The Candle Shop experienced the following events during its first year of operations, Year1

Business
1 answer:
zhenek [66]3 years ago
3 0

Answer:

a) 1. Acquired cash by issuing common stock  ⇒ Asset Source

2. Paid a cash dividend to the stockholders  ⇒ Asset Use

3. Paid cash for operating expenses  ⇒ Asset Use

4. Borrowed cash from a bank  ⇒ Asset Source  

5. Provided services and collected cash  ⇒ Asset Source

6. Purchased land with cash  ⇒ Asset Exchange

7. Determined that the market value of the land is higher than the historical cost  ⇒ Not applicable

 

b) I used an excel spreadsheet because there is not enough room here.  

Download pdf
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Firm A and B have identical business except that their financing is different: Firm A: EBIT = X = $10, D = $20 Firm B: EBIT = X
STALIN [3.7K]

Answer:

1. Which firm has a greater FCF (free cash flow)?

  • (A) Firm A

2. What is firm A’s (annual) tax shield?

  • (B) $0.8

3. What is firm B’s (annual) tax shield?

  • (C) $3.2

Explanation:

since firm A's debt is $20, its value is $100, then its equity = $80

since firm B's debt is $80, its value is $100, then its equity = $20

Firm A's cash flow = (EBIT - interest expense) x (1 - tax rate) = [$10 - ($20 x 10%)] x 0.6 = $4.80

Firm B's cash flow = (EBIT - interest expense) x (1 - tax rate) = [$10 - ($80 x 10%)] x 0.6 = $1.20

Firm A's annual tax shield = taxable interest x tax rate = ($20 x 10%) x 40% = $0.80

Firm B's annual tax shield = taxable interest x tax rate = ($80 x 10%) x 40% = $3.20

4 0
3 years ago
No behavior should be considered ethical if it is motivated by
Rudik [331]

Answer:b

Explanation:

6 0
2 years ago
Read 2 more answers
Kevin has been working at Van Der Moor Electronics Repair for 12 years. Over these 12 years, he has accumulated a number of diff
Simora [160]

Answer:

Selling

Explanation:

Ken Blanchard postulated the Situational Leadership Theory. It based on the assumption that there is no one best way for leadership to be administered, rather leader's style should depend on the task being performed.

The leadership style to be adopted is also dependent on how ready the group is for development.

The leadership styles are telling, selling, participating, and delegating.

Selling is when the members of the group are able to perform a task but are not motivated to do it. A leader who can create a motivation or sell the idea of the task is required.

In the given scenario Kevin has worked at Van Der Moor Electronics Repair for 12 years where he has accumulated a number of different skills. But he is insecure.

The selling leadership will motivate him.

4 0
3 years ago
Write an essay that reflects on stressors and how you respond to them.
Lisa [10]
A stressor<span> is a chemical or biological agent, environmental condition, external stimulus or an event that causes stress to an organism. An event that triggers the stress response may include: environmental </span>stressors<span> (hypo or hyper-thermic temperatures, elevated sound levels, over-illumination, overcrowding)</span>
6 0
3 years ago
A researcher at a large company has collected data on the beginning salary and current salary of 48 randomly selected employees.
alisha [4.7K]

Answer:

$2252.7

Explanation:

Residual is calculated by taking the difference of observed and predicted value.

The regression equation is

y= - 2532.7 + 2.12 x.

Where, y is the current salary and x is the beginning salary.

Mrs. Kathy Jones beginning salary= $19,000.

Mrs. Kathy Jones observed current salary= $40,000.

Residual for Mrs. Kathy Jones=Mrs. Kathy Jones observed current salary-Mrs. Kathy Jones predicted current salary.

Mrs. Kathy Jones predicted current salary

y^=  - 2532.7 + 2.12 (19000)

y^=  - 2532.7 + 40280

y^=37747.3

Mrs. Kathy Jones predicted current salary =$37,747.3

Residual for Mrs. Kathy Jones= $40,000-$37,747.3

Residual for Mrs. Kathy Jones=$2252.7

The residual for Mrs. Kathy Jones is $2252.7.

3 0
3 years ago
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