Sage Lorimer owns a boutique that sells jewelry made by her husband and other local artists. She is considering expanding the business by opening a second store. The current store has 1,200 square feet of retail space and 400 square feet of space for administrative offices. For the new store she would like to double the retail space and triple the administrative space of the current store. At the time the current shop was purchased, retail space sold for $75 per square foot and general office space cost $30 per square foot. The cost indexes at the time were 153 for retail space and 120 for office space. The cost indexes are now 140 for retail space and 132 for office space. Estimate the cost for Sage to purchase a second store at this time.

Abond is issued for less than its face value. which statement most likely would explain why? a. the bond's contract rate is higher than the market rate at the time of the issue. b. the bond's contract rate is the same as the market rate at the time of the issue. c. the bond's contract rate is lower than the market rate at the time of the issue. d. the bond isn't secured by specific assets of the corporation.

Burke enterprises is considering a machine costing $30 billion that will result in initial after-tax cash savings of $3.7 billion at the end of the first year, and these savings will grow at a rate of 2 percent per year for 11 years. after 11 years, the company can sell the parts for $5 billion. burke has a target debt/equity ratio of 1.2, a beta of 1.79. you estimate that the return on the market is 7.5% and t-bills are currently yielding 2.5%. burke has two issuances of bonds outstanding. the first has 200,000 bonds trading at 98% of par, with coupons of 5%, face of $1000, and maturity of 5 years. the second has 500,000 bonds trading at par, with coupons of 7.5%, face of $1000, and maturity of 12 years. kate, the ceo, usually applies an adjustment factor to the discount rate of +2 for such highly innovative projects. should the company take on the project?

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?