The capital structure for cain supplies is:

cain supplies

debt @ 9% $ 100,000

common stock, $10 par 200,000

total $ 300,000

common shares 20,000

compute the stock price for cain if it sells at 19 times earnings per share and ebit is $50,000. the tax rate is 20 percent.

Stock price is $34.16

Explanation:

Net Profit = (50,000 - 9%x 100,000)x (1-20%) = 32,800

Earnings per share = 32,800/20,000 = $1.64

19 times earnings per share = 19 x 1.64 = 31.16

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.