subject
Business, 18.09.2019 18:10 gigimasters71p7tc6l

Suppose the schoof company has this book value balance sheet: current assets $30,000,000 current liabilities $20,000,000 fixed assets 70,000,000 notes payable $10,000,000 long-term debt 30,000,000 common stock (1 million shares) 1,000,000 retained earnings 39,000,000 total assets $100,000,000 total liabilities and equity $100,000,000 the notes payable are to banks, and the interest rate on this debt is 10%, the same as the rate on new bank loans. these bank loans are not used for seasonal financing but instead are part of the company's permanent capital structure. the long-term debt consists of 30,000 bonds, each with a par value of $1,000, an annual coupon interest rate of 6%, and a 15-year maturity. the going rate of interest on new long-term debt, rd, is 10%, and this is the present yield to maturity on the bonds. the common stock sells at a price of $64 per share. calculate the firm's market value capital structure. do not round intermediate calculations. round the monetary values to the nearest cent and percentage values to two decimal places.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 06:30
The larger the investment you make, the easier it will be to: get money from other sources. guarantee cash flow. buy insurance. streamline your products.
Answers: 3
question
Business, 22.06.2019 11:00
Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period
Answers: 1
question
Business, 22.06.2019 12:50
Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:
Answers: 2
question
Business, 22.06.2019 14:50
Ann chovies, owner of the perfect pasta pizza parlor, uses 20 pounds of pepperoni each day in preparing pizzas. order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. if she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?
Answers: 3
You know the right answer?
Suppose the schoof company has this book value balance sheet: current assets $30,000,000 current li...
Questions
question
Mathematics, 17.01.2021 14:00
question
Mathematics, 17.01.2021 14:00
question
Mathematics, 17.01.2021 14:00
question
Mathematics, 17.01.2021 14:00
Questions on the website: 13722360