Answer:
b. Overstate operating income
Explanation:
According to my research on business financing terms, I can say that based on the information provided within the question the impact of this would be an overstated operating income. This refers to a balance that is documented as having more money than it actually has. This would be the case since the payroll payments have not yet been subtracted.
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Answer: b. a lower interest rate than
Explanation:
A protective convenant is also referred to as a restrictive covenant and it is referred to as an agreement whereby a particular company is restricted from doing certain things while a contract is still ongoing.
In this case, when a firm issues debt with no protective covenants in the indenture then the firm's debt will probably be issued at lower interest than similar debt with protective covenants. The reason for this is that the lender is protected when there is a convenant which ultimately lower the cost of debt.
Answer:
The difference in tax to be paid between the two methods is $455
Explanation:
In this question, we are asked to calculate the difference in tax for the LIFO and FIFO method.
The matter of importance here is that the tax rate is 35%. We proceed as follows:
For the FIFO income, the tax rate is 35% of 8,600 = 35/100 * 8600 = $3010
For the LIFO method, the tax rate is 35% of $7,300 = 35/100 * 7,300 = $2,555
The difference in tax that would be paid between the two methods is 3010-2555 = $455
B) going public
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