Creon corp. is constructing an asset for its own use during the second quarter of a calendar year. the following qualifying expenditures related to the asset were made during the year: $60,000 on april 1, $90,000 on june 1, and $100,000 uniformly during the period. the average amount of accumulated expenditures for this quarterly accounting period was

(a) $250,000
(b) $190,000
(c) $140,000
(d) $130,000

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) wacc %

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.