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Tom Scott is the owner, president, and primary salesperson for Scott Manufacturing. Because of this, the company's profits are driven by the amount of work Tom does. If he works 40 hours each week, the company's EBIT will be $405,000 per year; if he works a 50-hour week, the company's EBIT will be $505,000 per year. The company is currently worth $2.7 million. The company needs a cash infusion of $1.32 million, and it can issue equity or issue debt with an interest rate of 9.5 percent. Assume there are no corporate taxes.
What are the cash flows to Tom under each scenario? (Do not include the dollar signs ($). Round your answers to the nearest whole dollar amount. (e.g., 32))
Debit issue Equity issue 40 hour week cash flow $ ________ $ ______ 50 hour week cash flow $ _______ $ ______
Under which form of financing is Tom likely to work harder?(i) Debit issue ; (ii) Equity issue
Various types of accounting changes can affect the financial statements of a business enterprise differently. Assume that the following list describes changes that have a material
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Tampa Foundry began operations during the present year, manufacturing several products for industrial use. One such product is light-gauge aluminum, which the company sells for $36
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#qUsing these data from the comparative balance sheet of Junior Company, perform horizontal analysis. JUNIOR COMPANY
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