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Dvinal [7]
3 years ago
6

Beranek Corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. The new CFO wants to employ en

ough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. How much must the firm borrow to achieve the target debt ratio? $273,600 $288,000 $302,400 $317,520 $333,396
Business
1 answer:
sergeinik [125]3 years ago
6 0

Answer:

$288,000

Explanation:

Debt to asset ratio measure the percentage of asset financed by the debt portion. It is also express the percentage of debt in the total capital of the firm.

Total Assets = $720,000

Debt asset ratio = 40%

Debt to Asset ratio = Debt /  Asset

40% = Debt / $720,000

Debt  = $720,000 x 40%

Debt  = $288,000

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Explanation:

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3 0
2 years ago
Select the correct answer.
riadik2000 [5.3K]

According to the research, Joana is demonstrating responsibility for delivering a last-minute presentation on behalf of her team.

<h3>What is responsibility?</h3>

It is the quality of that individual who fulfills his obligations and assumes the consequences of his acts.

Through it, individuals make decisions consciously and take responsibility for the consequences that may arise from them, in addition, it implies the commitment to fulfill agreements and obligations.

Therefore, we can conclude that according to the research, Joana is demonstrating responsibility for delivering a last-minute presentation on behalf of her team.

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7 0
1 year ago
Straight-Line Depreciation Irons Delivery Inc. purchased a new delivery truck for $42,000 on January 1, 2019. The truck is expec
Ket [755]

Answer:

Annual depreciation= $7,996

Explanation:

Giving the following information:

Purchase price= $42,000

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Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (42,000 - 2,020) / 5

Annual depreciation= $7,996

5 0
3 years ago
Specialization in production Group of answer choices Makes a country weak. Reduces the standard of living. Increases output. Dec
OLga [1]

Specialization in production will increase output.

As any specialization in production will be achieved by specialized labor or technology, both the factor will produce per unit time and gives a comparative advantage.

Specialization is a production method that focuses on the production of a limited range of goods for a company to achieve a higher level of efficiency.

The more they focus on their work, the more efficient they are in that work. This means less time and money is spent producing goods. In other words, you can produce more goods in the same amount of time and money.

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5 0
1 year ago
The fair values of all of Sirius's assets and liabilities were equal to their book values except for inventory that had a fair v
lubasha [3.4K]

Answer:

$0

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The fair value is the value above the book value. The financial statements are prepared at historic cost and when the value of assets rises a revaluation account is created to present financial statements accurate. The fair values of Sirius's assets are equal to book value and all assets are presented at cost or book value. There will be no revaluation charged to the consolidated statement.

5 0
3 years ago
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