Answer:
The value of the company according to MM Proposition I with taxes is $528294.55
Explanation:
value of unlevered firm = EBIT(1-T)/Ru
= 72000*(1 - 24%)/11%
= 497454.55
value of levered firm = 497454.55 + 128500*0.24
= $528294.55
Therefore, The value of the company according to MM Proposition I with taxes is $528294.55
Answer:
i find de interst rate 10 %
Answer and Explanation:
1. Interest Revenue $23,000
Sales Revenue $510,000
To Income Summary $533000
(Being closing of revenues accounts are closed)
2. Income Summary $453,000
To Sales returns $20,000
To Sales Discounts $7,000
To Cost Of goods sold $310,000
To Freight out $2,000
To Advertise Exp $15,000
To Interest Exp $19,000
To Salaries & Wages $55,000
To Utility $18,000
To Depreciation $7,000
(Being closing of expenses accounts are closed)
3. Income Summary $80,000
To Retained Earning $80,000
(Being profit is recorded)
4. Retained Earning $30,000
To Dividends $30,000
(Being closing of dividend is recorded)
Explanation:
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