Sewer's paradise is an all equity firm that has 41000 shares of stock outstanding at a market price of $36.52 a share. the firm's management has decided to issue $5 worth of debt and use the funds to repurchase shares of the outstanding stock. the interest rate on the debt will be 5.0 percent. what are the earnings per share at the break-even level of earnings before interest and taxes? ignore taxes. provide your answer to the nearest $0.01.

Salt corporation's contribution margin ratio is 78% and its fixed monthly expenses are $30,000. assume that the company's sales for may are expected to be $89,000. required: estimate the company's net operating income for may, assuming that the fixed monthly expenses do not change.

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.

Retail industry fundamentals credential exam, part 1 all answers