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ozzi
3 years ago
12

An amount of something left over when requirements have been met; an excess of production or supply over demand

Business
1 answer:
harkovskaia [24]3 years ago
8 0
The answer will be An excess of production.


Hope this helps!
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The A. J. Croft Company (AJC) currently has $200,000 market value (and book value) of perpetual debt outstanding carrying a coup
o-na [289]

Answer:

  1. current market value = $800000, WACC = 7.5%
  2. new WACC = 7.38%, Total value of firm = $ 813,008.13
  3. stock price per share = $62.00
  4. 4750 shares

Explanation:

1) Calculate AJC's current total market value and weighted average cost of capital

current market value = value of equity + value of debt

                      =  ( 10000 * $60 ) + $200000

                      =  $800000

Weighted average cost of capital = ( weight of equity * cost of equity ) + ( weight of debt * cost of debt * ( 1 - tax rate )

= (75% * 8.8% ) + (25% * 6% * 0.6  ) = 7.5%

2) what would be AJC's new WACC and total value

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

= ( 60% * 9.5% ) + ( 40% * 7% * 0.6 )  = 7.38%

Total value of the firm =

= ( Cash flow after tax / WACC )

= (( 100000 * ( 1-40%)) / 7.38%

= 100000 * 0.6 / 7.38%   = $ 813,008.13

3) Calculate the new stock price per share

new stock price = ( value of equity + change in debt ) /  original number of outstanding shares

value of equity = weight of equity * firm value

change in debt =( weight of debt * firm value ) - initial debt value

Hence new stock price =

( 50% *$820000) + (( 50% * $820000)- $200000)) / 10000

= $62.00

4) calculate how many shares AJC  would repurchase in the recapitalization

= original shares - Remaining shares

= 10000 - 5250 = 4750 shares

while ;

Remaining shares = value of equity / stock price = $336000 / $64 = 5250

original shares = 10000

                       

3 0
3 years ago
What does respecting people’s privacy mean?<br> Which factor is a component of verbal communication?
Firdavs [7]
Sound is the most important part of verbal communication
8 0
2 years ago
At the end of the current year, the accountant for Navistar Graphics forgot to make an adjusting entry to accrue Wages payable t
solniwko [45]

Answer: The correct answer is A). Net income is overstated.

Explanation: Net income is equal to Income less expenses. When an accrued expense is not recognised it results in an understated expense which in turn leads to an overstated net income.

Wages payable is a liability. An omission of such a liability means that wages expenses is also omitted.

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3 years ago
The following transactions of Houston Pharmacies occurred during 2017 and 2018:
Likurg_2 [28]

Answer:

Please see below for all the journal entries required for Houston.

Explanation:

2017

Jan. 9

Debit: Computer Equipment $9,000

Debit: Interest Expense $630

Credit: Interest Payable ($9,000 x 7%) $630

Credit: Notes Payable $9,000

Jan. 29

Debit: Accounts Receivables ($69,000 x 3/4) $51,750

Debit: Cash ($69,000 x 1/4) $17,250

Credit: Sales Tax Payable ($69,000 x 6%) $4,140

Credit: Sales $69,000

Feb. 5

Debit: Sales Tax Payable $4,140

Credit: Cash $4,140

Jul. 9

Debit: Interest Payable ($9,000 x 7%) $630

Debit: Notes Payable $9,000

Credit: Cash $9,630

Aug. 31

Debit: Inventory $3,000

Debit: Interest Expense $330

Credit: Interest Payable ($3,000 x 11%) $330

Credit: Notes Payable $3,000

Dec. 31

Debit: Warranty Expense ($601,000 x 3%) $18,030

Credit: Accrued Warranty $18,030

Dec. 31

Debit: Interest Payable $330

Credit: Accrued Interest $330

2018

Feb. 28

Debit: Accrued Interest $330

Debit: Notes Payable $3,000

Credit: Cash $3,330

4 0
3 years ago
Which of the following actions can be considered good business etiquette?
Crazy boy [7]
The answer is A, switching your cell phone off before you enter a meeting.
5 0
3 years ago
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