The robinson corporation has $39 million of bonds outstanding that were issued at a coupon rate of 12.150 percent seven years ago. interest rates have fallen to 11.150 percent. mr. brooks, the vice-president of finance, does not expect rates to fall any further. the bonds have 17 years left to maturity, and mr. brooks would like to refund the bonds with a new issue of equal amount also having 17 years to maturity. the robinson corporation has a tax rate of 30 percent. the underwriting cost on the old issue was 3.90 percent of the total bond value. the underwriting cost on the new issue will be 2.40 percent of the total bond value. the original bond indenture contained a five-year protection against a call, with a 9 percent call premium starting in the sixth year and scheduled to decline by one-half percent each year thereafter. (consider the bond to be seven years old for purposes of computing the premium.) use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. assume the discount rate is equal to the aftertax cost of new debt rounded up to the nearest whole percent (e. g. 4.06 percent should be rounded up to 5 percent).

Maker-bot corporation has 10,000 shares of 10%, $90 par value, cumulative preferred stock outstanding since its inception. no dividends were declared in the first two years. if the company pays $400,000 of dividends in the third year, how much will common stockholders receive?

Ryan terlecki organized a new internet company, capuniverse, inc. the company specializes in baseball-type caps with logos printed on them. ryan, who is never without a cap, believes that his target market is college and high school students. you have been hired to record the transactions occurring in the first two weeks of operations. issued 2,900 shares of $0.01 par value common stock to investors for cash at $29 per share. borrowed $68,000 from the bank to provide additional funding to begin operations; the note is due in two years. paid $1,000 for the current month's rent of a warehouse and another $1,000 for next month's rent. paid $1,440 for a one-year fire insurance policy on the warehouse (recorded as a prepaid expense). purchased furniture and fixtures for the warehouse for $16,000, paying $3,200 cash and the rest on account. the amount is due within 30 days. purchased for $2,800 cash the university of pennsylvania, notre dame, the university of texas at austin, and michigan state university baseball caps as inventory to sell online. placed advertisements on google for a total of $340 cash. sold caps totaling $1,900, half of which was charged on account. the cost of the caps sold was $1,100. (hint: make two entries.) made full payment for the furniture and fixtures purchased on account in (e). received $280 from a customer on account.

Discuss how the resource-based view (rbv) of the firm combines the two perspectives of (1) an internal analysis of a firm and (2) an external analysis of its industry and its competitive environment. include comments on the different types of firm resources and how these resources can be used by a firm to build sustainable competitive advantages.