Business, 24.04.2020 17:25 henrylauren2006
The accountants hired by the Brookside Racquet Club have determined total fixed cost to be $75,000, total variable cost to be $130,000, and total revenue to be $125,000. Because of this information, in the short run, the Brookside Racquet Club should a. lower their prices to increase their profits. b. stay open because shutting down would be more expensive. c. shut down because staying open would be more expensive. d. stay open because the firm is making an economic profit.
Answers: 3
Business, 22.06.2019 13:20
Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?
Answers: 2
Business, 22.06.2019 19:50
The common stock and debt of northern sludge are valued at $65 million and $35 million, respectively. investors currently require a return of 15.9% on the common stock and a return of 7.8% on the debt. if northern sludge issues an additional $14 million of common stock and uses this money to retire debt, what happens to the expected return on the stock? assume that the change in capital structure does not affect the interest rate on northernβs debt and that there are no taxes.
Answers: 2
Business, 22.06.2019 20:50
Many potential buyers value high-quality used cars at the full-information market price of β¬ p1 and lemons at β¬ p2. a limited number of potential sellers value high-quality cars at β¬ v1 β€ p1 and lemons at β¬ v2 β€ p2. everyone is risk neutral. the share of lemons among all the used cars that might be potentially sold is β¬ ΞΈ . suppose that the buyers incur a transaction cost of $200 to purchase a car. this transaction cost is the value of their time to find a car. what is the equilibrium? is it possible that no cars are sold
Answers: 2
Business, 23.06.2019 03:10
Wisconsin snowmobile corp. is considering a switch to level production. cost efficiencies would occur under level production, and after tax costs would decline by $36,000, but inventory would increase by $300,000. wisconsin snowmobile would have to finance the extra inventory at a cost of 13.5 percent.a. determine the extra cost or savings of switching over to level production. should the company go ahead and switch to level production? b how low would interest rates need to fall before level production would be feasible?
Answers: 1
The accountants hired by the Brookside Racquet Club have determined total fixed cost to be $75,000,...
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