What are the break-even levels of ebit, Accounting Basics

Assignment Help:

John is considering the best capital structure for his firm. Suppose there are two capital structures for him to choose from. Structure A would have 7,000 shares of stock and $160,000 in debt. Structure B would have 5,000 shares of stock and $240,000 in debt. The interest rate on the debt is 10%.

a Ignoring taxes, compare both of these structures to an all-equity structure, assuming that EBIT will be $39,000. The all-equity structure would have 11,000 shares of stock outstanding. Which of the three structures has the highest EPS? The lowest?

b In part (a), what are the break-even levels of EBIT for each structure as compared to that for an all-equity structure? Is one higher than the other? Why?

c Ignoring taxes, when will EPS be identical for Structures A and B?

d Repeat parts (a), (b) and (c) assuming that the corporate tax rate is
40%. Are the break-even levels of EBIT different from before? Why
or why not?


Related Discussions:- What are the break-even levels of ebit

What do you understand by term offshore bank, Question 1: (a) What do ...

Question 1: (a) What do you understand by term offshore bank? (b) What are the benefits of providing and receiving banking services from an offshore bank? (c) Explain

Accounting process in operation, Accounting process in operation Micro ...

Accounting process in operation Micro Train Corporation is a small corporation that provides on-site personal computer software training using the clients' equipment. The compa

Worthington company issued 1, Worthington Company issued 1,000,000 face val...

Worthington Company issued 1,000,000 face value, 10% bonds on July 1 2012, when the market rate of interest was 12%. Interest payments are due every July 1 and January 1. Worthin

Accounting cycle, Is here sample assignment for accounting cycle?

Is here sample assignment for accounting cycle?

Cash flow information: direct and indirect methods, Cash flow information: ...

Cash flow information: Direct and indirect methods The comparative year-end balance sheets of Sign Graphics, Inc., revealed the following activity in the company's current accou

Example of adjusting entries, Q. Example of adjusting entries? Regulate...

Q. Example of adjusting entries? Regulate entries bring the amounts in the general ledger accounts to their proper balances before the company prepares its financial statements

Fringe benefit tax, Define FBT (Fringe Benefit Tax)? Ans) The tax payabl...

Define FBT (Fringe Benefit Tax)? Ans) The tax payable on a non-salary benefit given to an employee or an associate of the employee. The employer is likely to pay any FBT and may

Classified income statement, Q. Explain about Classified income statement? ...

Q. Explain about Classified income statement? An unclassified income statement has merely two categories revenues and expenses. In contrast a classified income statement divide

Responsibility of leader and expert, Q. Responsibility of Leader and expert...

Q. Responsibility of Leader and expert? As a partner in the firm Tracy will have numerous broad responsibilities. She will engage in business development, high-level client ser

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd