Which of the following statements concerning capital structure theory is false? 1. under mm with corporate taxes, the value of the levered firm exceeds the value of the unlevered firm by the product of the tax rate times the market value dollar amount of debt. 2. under mm with corporate taxes, risk and cost of equity increase with leverage, and this increase is less than the tax benefits of debt financing up to a certain debt level. 3. under mm with zero taxes, financial leverage raises the firm value and lowers the firm’s wacc. 4. under mm with zero taxes, the benefit of cheaper debt is offset by the higher risk and cost of equity, and the firm value does not rise with debt.

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)

From what part of income should someone take savings?

Arecession is defined as a period in which