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Business, 28.01.2020 01:31, Luciano4411
Each month, the census bureau mails survey forms to 250,000 households asking questions about the people living in the household and about such things as motor vehicles and housing costs. telephone calls are made to households that do not return the form. in one month, responses were obtained from 240,000 of the households contacted. the population of interest is:
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Answers: 3
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Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%
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