3 years ago

"when a profit-maximizing firm in a competitive market has zero economic profit, accounting profit"

1 answer:

8 0

"when a profit-maximizing firm in a competitive market has zero economic profit, accounting profit"

The answer is positive.

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target debt-equity ratio of .40. Its cost of equity is 11.8 percent and its cost of debt is 6.5 percent. If the tax rate is 21 p

olga nikolaevna [1]

Answer:

9.90%

Explanation:

Debt-equity=debt/equity=0.40( debt=0.40 while equity is 1 since 0.40/1=0.40)

weight of debt=0.40/(0.40+1)=28.57%

weight of equity=1/(0.40+1)=71.43%

cost of equity=11.80%

cost of debt=6.50%

tax rate=21%

WACC=(weight of equity*cost of equity)+(weight of debt*cost of debt)*(1-tax rate)

WACC=(71.43% *11.80%)+(28.57%*6.50%)*(1-21%)

WACC=9.90%

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3 years ago

When was the Fair Labor Standards Act (FLSA) established?

Snezhnost [94]

Answer:

The Fair Labor Standards Act was established in 1938.

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3 years ago

The city of Animaltown plans to build a new bridge across the river separating the two halves of the city for use by its residen

goldenfox [79]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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3 years ago

Rent is $1,258. Phone charges last month were $46.88. Groceries cost about $115/week. What is a good estimate of your monthly ex

Papessa [141]

I'd say $1,807.00 (C)

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3 years ago

Ahmed Company purchases all merchandise on credit. It recently budgeted the following month-end accounts payable balances and me

vazorg [7]

Answer:

Budgeted amounts: June July August

1. Purchases $1,480,000 $1,570,000 $1,220,000

2. Cost of goods sold $1,240,000 $1,770,000 $1,190,000

Explanation:

The computations are shown below:

Budgeted amounts: June July August

Ending accounts payable $130,000 $300,0000 $120,000

Payments on account $1,500,000 $1,400,000 $1,400,000

Subtotal $1,630,0000 $1,700,000 $1,520,000

Beginning accounts payable ($150,000) ($130,000) $300,000)

Purchases $1,480,000 $1,570,000 $1,220,000

Budgeted amounts: June July August

Beginning inventory $260,000 $500,000 $300,000

Purchases $1,480,000 $1,570,000 $1,220,000

Cost of goods available for sale $1,740,000 $2,070,000 $1,520,000

Ending inventory (500,000) (300,000) (330,000)

Cost of goods sold $1,240,000 $1,770,000 $1,190,000

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3 years ago