Currently, warren industries can sell 15-year, $1,000 par value bonds paying annual interest at a 7% coupon rate. because current market rates for similar bonds are just under 7%, warren can sell its bonds for $1,010 each; warren will incur flotation costs of $30 per bond will be incurred in this process. the firm is in the 40% tax bracket.

a. find the net proceeds from sale of the bond, nd
b. show the cash flows from the firms point of view over the maturity of the bond.
c. calculate the before tax and after tax costs of debt
d. use the approximation formula to estimate the before tax and after tax costs of debt.
e. compare and contrast the costs of debt calculated in parts c and d.

which approach do you prefer? why?

What cylinder head operation is the technician performing in this figure?

Ds unlimited has the following transactions during august. august 6 purchases 58 handheld game devices on account from gamegirl, inc., for $140 each, terms 2/10, n/60. august 7 pays $340 to sure shipping for freight charges associated with the august 6 purchase. august 10 returns to gamegirl three game devices that were defective. august 14 pays the full amount due to gamegirl. august 23 sells 38 game devices purchased on august 6 for $160 each to customers on account. the total cost of the 38 game devices sold is $5,448.51. required: record the transactions of ds unlimited, assuming the company uses a perpetual inventory system. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. round your answers to 2 decimal places.)

Experienced problem solvers always consider both the value and units of their answer to a problem. why?