TC, Inc. has $15 million of outstanding bonds with a coupon rate of 10 percent. The yield to
maturity on these bonds is 12.5 percent. If the firm's tax rate is 30 percent, what is relevant cost of
debt financing to TC, Inc.?
A) 8.75 percent B) 7.00 percent C) 3.75 percent D) 13.75 percent
A
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In the design of retail service layouts, the term "ambient conditions" could refer to which of the following?
A. Lighting B. Signs C. Symbols D. Artifacts E. Speed of service
The Norticon Group provides and manages computers and network systems for businesses and communities
Norticon sells its products through various means–it uses its sales force to sell to large customers and telemarketing to sell to smaller customers. The company also sells its products via the Internet. Briefly explain the marketing approach being used by the company.
The Internet is a cooperatively run, globally distributed collection of computer networks that exchanges information via a common set of rules
Indicate whether the statement is true or false
Birchett Corporation's most recent balance sheet appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Current assets: Cash and cash equivalents$27 $26 Accounts receivable 65 59 Inventory 49 55 Total current assets 141 140 Property, plant, and equipment 533 490 Less accumulated depreciation 234 231 Net property, plant, and equipment 299 259 Total assets$ 440 $ 399 Liabilities and stockholders' equity Current liabilities: Accounts payable$28 $26 Total current liabilities 28 26 Bonds payable 169 200 Total liabilities 197 226 Stockholders' equity: Common stock 71 70 Retained earnings 172 103 Total stockholders'
equity 243 173 Total liabilities and stockholders' equity$ 440 $ 399 The company's net income for the year was $91 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $22. The net cash provided by (used in) operating activities for the year was: A. $130 B. $96 C. $5 D. $86