Bob, an employee of Risky Manufacturing, Inc. is accidentally injured by a fellow worker while
working his shift. Under workers' compensation, Bob can:
A) Sue Risky or seek workers' compensation recovery.
B) Sue Risky or seek workers' compensation recovery, but not both.
C) Recover from workers' compensation only if Risky was negligent in allowing the injury to
occur.
D) Seek workers' compensation only.
D
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The following information is available for Ashley Company for the month ending June 30, 2019.
* Balance as per the bank statement is $11,240. * Balance as per books is $10,200. * Check #506 for $1,200 and check #510 for $900 were not shown on the June 30 bank statement. * A deposit in transit of $3,110 had not been received by the bank when the bank statement was generated. * A bank debit memo indicated an NSF check for $85 written by Maddie Wolfe to Ashley Company on June 13. * A bank credit memo indicated a note collected by the bank of $2,100 and interest revenue of $55 on June 20. * The bank statement indicated service charges of $20.
A business receives $40,000 for services that it will perform over the next four months. Which of the following accounts is credited?
A) Cash B) Accounts Payable C) Service Revenue D) Unearned Revenue
Finished goods inventory is ordinarily held for sale by a manufacturing company.
Answer the following statement true (T) or false (F)
Carbon Fiber Design and Build Inc. is considering the purchase of new a new carbon molding machine for use in their Sports Operations department. The investment would be an expansion of an industry segment that the firm knows well
You have been tasked with helping the division manager determine the WACC in advance of an analysis of the expected cash flows for the project. You have collected the following information: The firm has no preferred stock outstanding and plans to issue new preferred stock. The estimated tax rate for the firm is 30%. The firm currently has 500 10-year $1,000 face value bonds outstanding with 7% semi-annual coupons that are selling for $1,036.35. The firm also has 31,888 shares of common stock outstanding at a price of $32.50 per share. You estimate that the market risk premium is 6%, the current yield to maturity on 10-year Treasury bonds is 3%, and the firm's beta is 0.95. Given this information, calculate the after-tax cost of debt, the cost of equity, and the firm's WACC.