Apartnership has the following account balances:

cash $50,000; other assets $600,000; liabilities $240,000; nixon, capital (50 percent of profits and losses) $200,000; hoover, capital (20 percent) $120,000; and polk, capital (30 percent) $90,000.

each of the following questions should be viewed as an independent situation:

a. grant invests $80,000 in the partnership for an 18 percent capital interest. goodwill is to be recognized. what are the capital accounts thereafter?

b. grant invests $100,000 in the partnership to get a 20 percent capital balance. goodwill is not to be recorded. what are the capital accounts thereafter?

Granby foods' (gf) balance sheet shows a total of $25 million long-term debt with a coupon rate of 8.50%. the yield to maturity on this debt is 8.00%, and the debt has a total current market value of $27 million. the company has 10 million shares of stock, and the stock has a book value per share of $5.00. the current stock price is $20.00 per share, and stockholders' required rate of return, r s, is 12.25%. the company recently decided that its target capital structure should have 35% debt, with the balance being common equity. the tax rate is 40%. calculate waccs based on book, market, and target capital structures. what is the sum of these three waccs?

The cost of direct labor used in production is recorded as a? a. credit to work-in-process inventory account. b. credit to wages payable. c. credit to manufacturing overhead account. d. credit to wages expense.

The sign at the bank reads, "wait here for the first available teller," suggests the use of a waiting line system. a. multiple server, single phaseb. random server, single phasec. single server, multiphased. multiple server, multiphasee. dynamic server, single phase