. Bought merchandise on open account (Accounts Payable), $5,400 15-5 Use of T-Accounts Study Appendix 15B. The Tennis Club had the following transactions during June: a. Sold an old computer for $175 cash and a promise to pay $250 in one month. The balance sheet value of the com $425 b. Collected $550 of dues in cash that had been billed in May. c. Bought a postage meter on credit for $190. d. Received the $225 promised in transaction a. 1. Set up T-accounts for the following accounts: a. Cash b. Dues Receivable c. Accounts Receivable d. Equipment e. Accounts Payable 2. Make entries for each of the four transactions into the T-accounts. Label each entry a, b, c, and d.

According to the map, which continent has the most countries with a low gdp level? which two countries have the highest gdp level?

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

Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes