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3 years ago

7

The fact that there are now more single people going on vacation is a behavioral trend observed in the hospitality and tourism i

ndustry.
true or false

1 answer:

dimulka [17.4K]3 years ago

7 0

Answer:

true

Explanation:

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Salmon Inc. has debt with both a face and a market value of $227,000. This debt has a coupon rate of 7 percent and pays interest

Dahasolnce [82]

Answer:

14.27%

Explanation:

Unlevered value = [Expected earnings before interest and taxes × (1- tax rate)]/Unlevered cost of capital

Unlevered value = [$87,200 x (1- 0.35)]/0.12 = $472,333.33

Levered value = Unlevered value + (Tax rate × Debt market value)

Levered value = $472,333.33 + (0.35 x $227,000) = $551,783.33

Value of equity = Levered value - Debt market value

Value of equity = $551,783.33 - $227,000 = $324,783.33

Cost of equity = Unlevered cost of capital + [(unlevered cost of capital - coupon rate) × (Debt market value/Value of equity) × (1 - Tax rate)]

Cost of equity = 0.12 + [(0.12 - 0.07) × ($227,000/$324,783.33) × (1 - 0.35)] = 0.1427, or 14.27%

Therefore, the firm's cost of equity is 14.27%

7 0

3 years ago

Expenses recognition Sun Microsystems uses the accrual basis of accounting and recognizes revenue at the Lime it sells goods or

s2008m [1.1K]

Answer:

Sun Microsystems

Amount of Expenses to recognize during the months of June, July, and August in each of the following transactions:

a. Rent Expense = $30,000

b. Utility Expense = $4,650

c. Supplies Expense = $9,700

d. Property Taxes = $1,800

e. No expense is recognized.

f. Salary Expense = $4,500

g. Advertising Expense = $6,600

Explanation:

Data and Calculations:

a. Rent Expense = $180,000/12 * 2 = $30,000 Rent Prepaid $150,000

b. Utility Expense $4,560

c. Supplies Expense $9,700 ($12,600 - $2,900)

d. Property Taxes = $7,200 *3/12 = $1,800

e. No expense is recognized for the advance payment for delivery van.

f. Salary Expense $4,500

g. Advertising Expense $6,600

4 0

3 years ago

Delivery of stock index futures a. is never made. b. requires delivery of 1 share of each stock in the index. c. is made by a ca

jolli1 [7]

Answer: c. is made by a cash settlement based on the index value

Explanation:

Stock index futures are settled by cash sort of like index options.

This means that there is no delivery of the actual underlying asset at the end of the contract.

The cash / profit is determined by the starting and ending prices of the futures contract.

6 0

3 years ago

QUESTION 13 of 20: You own a dance studio. You have assets of $512,667 and equity of $268,964. What is your liabilities total?

VLD [36.1K]

Answer:

243,703

Explanation:

5 0

3 years ago

robert, age 70, and his wife, diane, age 64, have been married 42 years. they have two sons and five grandchildren. if robert di

musickatia [10]

Diane's nice choice for his Ira is Roll over his IRA to her IRA and take distributions starting at her age 70½.

The required details for An individual retirement account (IRA) in given paragraph

An man or woman retirement account (IRA) is a long-time period financial savings account that people with earned earnings can use to store for the destiny and experience sure tax advantages. The IRA is designed typically for self-hired individuals who do now no longer have get admission to to place of business retirement debts consisting of a 401(k), that's to be had most effective thru employers. You can open an IRA thru a bank, an funding company, an internet brokerage, or a private broker. Anyone with earned earnings can open and make a contribution to an IRA, inclusive of the ones who've a 401(k) account thru an employer.

The most effective issue is on the whole that you may make a contribution for your retirement debts in a unmarried year.

To know about An individual retirement account (IRA) click here

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6 0

1 year ago