Dickinson company has $12,160,000 million in assets. currently half of these assets are financed with long-term debt at 10.8 percent and half with common stock having a par value of $8. ms. smith, vice president of finance, wishes to analyze two refinancing plans, one with more debt (d) and one with more equity (e). the company earns a return on assets before interest and taxes of 10.8 percent. the tax rate is 35 percent. tax loss carryover provisions apply, so negative tax amounts are permissable. under plan d, a $3,040,000 million long-term bond would be sold at an interest rate of 12.8 percent and 380,000 shares of stock would be purchased in the market at $8 per share and retired. under plan e, 380,000 shares of stock would be sold at $8 per share and the $3,040,000 in proceeds would be used to reduce long-term debt. a. how would each of these plans affect earnings per share? consider the current plan and the two new plans

Anne is comparing savings accounts. one account has an interest rate of 1.2 percent compounded yearly, and one account has an interest rate of 1.2 percent compounded monthly. which account will earn more money in interest? the account that earns 1.2 percent compounded yearly the account that earns 1.2 percent compounded monthly

How is the division of labor accomplished?

The following balance sheet for the los gatos corporation was prepared by a recently hired accountant. in reviewing the statement you notice several errors. los gatos corporation balance sheet at december 31, 2018 assets cash $ 44,000 accounts receivable 86,000 inventories 57,000 machinery (net) 122,000 franchise (net) 32,000 total assets $ 341,000 liabilities and shareholders' equity accounts payable $ 54,000 allowance for uncollectible accounts 7,000 note payable 59,000 bonds payable 112,000 shareholders' equity 109,000 total liabilities and shareholders' equity $ 341,000 additional information: cash includes a $22,000 restricted amount to be used for repayment of the bonds payable in 2022. the cost of the machinery is $194,000. accounts receivable includes a $22,000 note receivable from a customer due in 2021. the note payable includes accrued interest of $7,000. principal and interest are both due on february 1, 2019. the company began operations in 2013. income less dividends since inception of the company totals $37,000. 52,000 shares of no par common stock were issued in 2013. 200,000 shares are authorized. required: prepare a corrected, classified balance sheet. (amounts to be deducted should be indicated by a minus sign.)