On the last day of december 2013, tom’s trucks entered into a transaction that resulted in a receipt of $108,000 cash in advance related to services that will be provided during january 2013. during december of 2013, the company also performed $64,000 of services which were neither billed nor paid. prior to december adjustments and before these two transactions were recorded, the company’s trial balance showed service revenue of $582,735 at december 31, 2013. there are no other prepaid services yet to be delivered, and during the month all outstanding accounts receivable from prior months were collected.

if tom’s trucks makes the appropriate adjusting entry, how much will service revenue will be reflected on the december 31, 2013 income statement?

if tom’s trucks makes the appropriate adjusting entry, how much will be reported on the december 31, 2013 balance sheet as unearned revenue?

if tom’s trucks makes the appropriate adjusting entry, how much will be reported on the december 31, 2013 balance sheet as accounts receivable?

Afirm's before-tax cost of debt, rd, is the interest rate that the firm must pay on debt. because interest is tax deductible, the relevant cost of debt used to calculate a firm's wacc is the cost of debt, rd (1 – t). the cost of debt is used in calculating the wacc because we are interested in maximizing the value of the firm's stock, and the stock price depends on cash flows. it is important to emphasize that the cost of debt is the interest rate on debt, not debt because our primary concern with the cost of capital is its use in capital budgeting decisions. the rate at which the firm has borrowed in the past is because we need to know the cost of capital. for these reasons, the on outstanding debt (which reflects current market conditions) is a better measure of the cost of debt than the . the on the company's -term debt is generally used to calculate the cost of debt because more often than not, the capital is being raised to fund -term projects. quantitative problem: 5 years ago, barton industries issued 25-year noncallable, semiannual bonds with a $1,600 face value and a 8% coupon, semiannual payment ($64 payment every 6 months). the bonds currently sell for $845.87. if the firm's marginal tax rate is 40%, what is the firm's after-tax cost of debt? round your answer to 2 decimal places. do not round intermediate calcu

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?