The white corporation has a capital structure of 60 percent common equity, 10 percent preferred stock, and 30 percent debt. this capital structure is believed to be optimal. to finance expansion plans over the coming year, the firm expects to have $40 million in retained earnings available. the cost of retained earnings is 18 percent. additional common equity can be obtained by selling new common stock at a cost of 19.6 percent. preferred stock can be sold at a cost of 15 percent. $25 million in secured bonds can be sold at a pretax cost of 14 percent. beyond $25 million, the firm would have to sell unsecured bonds (debentures) at a pretax cost of 15 percent. the firm's marginal tax rate is 40 percent. what is the firm's highest weighted cost of capital?

Identify the three components of a family's culture and provide one example from your own experience

Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 the company measures its activity in terms of flights. customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. required: 1. prepare a flexible budget performance report for july that includes revenue and spending variances and activity variances.

When a shortage or a surplus arises in the loanable funds market a. the supply of loanable funds changes to return the economy to its original real interest rate b. the nominal interest rate is pulled to the new equilibrium level c. the demand for loanable funds changes to return the economy to its original real interest rate d. the real interest rate is pulled to the new equilibrium level