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3 years ago

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Jacob Company sold a $1,000 par value, non-callable bond that has 20 years to maturity and a 7.00% annual coupon that is paid an

nually. The bond is issued for $925, and the company’s tax rate is 40%. What is the component cost of debt for use in the WACC calculation?

1 answer:

ratelena [41]3 years ago

5 0

Answer:

4.64%

Explanation:

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The semiconductor business of the California Microtech Corporation qualifies as a component of the entity according to GAAP. . T

Anuta_ua [19.1K]

Answer:

$2,250,000

Explanation:

Preparation for the lower portion of the 2021 income statement

CALIFORNIA MICROTECH CORPORATION

Partial Income Statement

For the Year Ended December 31, 2021

Income from continuing operations before income taxes 7,800,000

Less Income tax expense 1,950,000

(25%*7,800,000)

Income from continuing operations 5,850,000

Discontinued operations:

Loss from operations of discontinued component (4,800,000)

Income tax benefit, 1,200,000

(25%*4,800,000)

Loss on discontinued operations (3,600,000)

Net income (5,850,000 - 3,600,000) $2,250,000

Therefore the Net income will be $2,250,000

8 0

3 years ago

1. Combined, Barry and Cheri bring home $3,500 each month (after taxes) from their full-time jobs. Additionally, Barry receives

pav-90 [236]

Answer:

Housing - $1080

Transportation $720

Food - $ 540

Insurance- $252

Savings- $360

Other - $648

Explanation:

The total money earned by both Barry and Cheri is $3,500 + $ 100 = $3600

Housing 30% ____0.3 * 3600_____ = 1080

Transportation 20% ___0.2 * 3600______= 720

Food 15% _____0.15 * 3600____= 540

Insurance 07% ___0.07* 3600______= 252

Savings 10% ___0.1* 3600______= 360

Other 18% ____0.18 * 3600_____ = 648

5 0

3 years ago

Bear tracks, inc., has current assets of $2,180, net fixed assets of $9,400, current liabilities of $1,355, and long-term debt o

abruzzese [7]

(a) Total assets = Current assets + Fixed assets

Total assets = 2180 +9400 = 11,580

Total liabilities = Current liabilities + long term debt

Total liabilities = 1355+3990 = 5,345

According t the accounting equation, Stockholders equity = Total assets - Total liabilities = 11,580-5,345 = 6,235

Stockholders equity = $6,235

(b) Working capital = Current assets - Current liabilities

Working Capital = 2180-1355

Working Capital = $825

3 0

3 years ago

What is the future outlook of this career/job? will it still be available 5-10 years from now? for a nurse?

o-na [289]

Its will be there for 5-10 years

4 0

3 years ago

The LIFO inventory method assumes that the cost of the latest units purchased are:

Scilla [17]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The LIFO inventory method assumes that the cost of the latest units purchased are:

<u>Under the Last-in, First-out method the first units on inventory are the ones left to ending inventory. On the contrary, the last units are the first ones to go to the cost of goods sold. </u>

a. the last to be allocated to the cost of goods sold. False, this is under the FIFO method.

b. the first to be allocated to ending inventory. False, this is under the FIFO method.

c. the first to be allocated to the cost of goods sold. True.

d. not allocated to cost of goods sold or ending inventory. False, they are allocated to cost of goods sold.

4 0

3 years ago