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Your city has decided to build a new library. The projected cost is $2 million. A bond issue for $1.2 million has been authorized, and the remainder is supposed to come from a contribution of $800,000 from the general fund. The bonds sold for $1.3 million, a premium of $100,000. Create the required journal entries for the following transactions:•The budget for the library•The payment and receipt of funds from the general fund•The issuance of the bondsAssume that the premium remained in the capital projects fund.Identify all of the funds required for these entries.
Based on the information give what is the current market price of Hack's preferred stock and what is Endowment's tax liability on its dividend income?
Michaels Company expects earnings before interest and taxes to be $40,000 for this period. Assuming an ordinary tax rate of 40%, compute the firm's earnings after taxes and earnings available for common stockholders
Both a call and a put currently are traded on stock XYZ;both have strike prices of $50 and maturities of six months. What will be the profit to an investor who buys the call for $4 in the following scenarios for the stock prices in six months ?..
in companies where intellectual capital is crucial to good strategy execution which of the following is generally not
The borrower repaid euros at loan maturity and when the loan was repaid the exchange rate was 1.98 francs per dollar. What was the bank's franc rate of return? -2.82% 9.94% 5.71% 7.75% 11.04%
while after retirement you can earn 10% on your money. What annual contributes to the retirement fund will allow you to recieve the $12,000 annuity?
What is the annual percentage rate on a loan with a stated rate of 2.25 percent per quarter?
What costs would be involved in setting the product price for the blackberry z10?
Based on financial and opportunity costs, determine which of the following do you believe would be the wiser purchase?
If Valorous has an equity cost of capital of 8%, what is the maximum price that a prudent investor would be willing to pay for a share of Valorous stock today?
Compose a business report describing what the Federal Reserve Board does to combat inflation when the economy is bad. Include a table, chart, or graph.
tax shields please respond to the followingrecommend two 2 uses of a tax shield that can improve return on the equity
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