Bermuda Cruises issues only common stock and coupon bonds. The firm has a debt-equity ratio of .45. The cost of equity is 17.6 percent and the pretax cost of debt is 8.9 percent. What is the capital structure weight of the firm’s equity if the firm’s tax rate is 35 percent?
(3)Nicola and May are presently partners in a business which operates a second-hand book shop. The partnership agreement does not specify the proportion of each partners share in the partnership. They have two employees working for the business. The shop is located in leased premises. The business is doing well and has been profitable for…
A 5000-seat theater has tickets for sale at $28 and $40. How many tickets should be sold at each price for a sellout performance to generate a total revenue of $160,400?The number of tickets for sale at $28 should be ___.The number of tickets for sale at $40 should be ___.
Health behavior is the activity undertaken by a person who believes him or herself to be healthy for the purpose of preventing health problems (Kasl and Cobb, 1966). Healthy lifestyles, in turn, are ways of living that promote good health and longer life expectancy.How does a healthy lifestyle promote good health and a longer life…
The often-cited economist Milton Friedman (1962) argued that “few trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders as possible” (pp. 133-134). Friedman’s influence has been far reaching in the fields of…
based on case study “the rise and fall of eastman kodak: how long will it survive beyond 2011?”.The question is, using the action research approach, discuss and justify how would you manage the change process in order for the organization to survive and compete in the industry?
UMUC wants to use a new tutorial to teach the students about business ethics. As an experiment, the administrator randomly selected 15 students and randomly assigned them to one of three groups which include either a PowerPoint presentation created by the faculty, AuthorGen Presentation company. After completing their assigned tutorial, the students are given a…
