highland industries has a target capital structure of 60% common equity, 10% preferred stock, and 30% debt. the cost of retained earnings is 15%, and the cost of a new stock issue is 17%. the firm anticipates having $24 million in retained earnings available over the coming year. preferred stock can be sold at a cost of 11%. the firm has a $15 million line of credit with a major bank, which has an after-tax cost of 6%. beyond this amount, debt would have to be raised through a bond issue, and would have an after-tax cost of 9%. highland industries has a marginal tax rate of 35%. what will be the firm's cost of capital using bonds, preferred stock, and external equity

When borrowers want funding to pay for different projects, they go to the loanable funds market and acquire funds through either indirect finance or direct finance. below, you are given five different scenarios. is each an example of direct finance or indirect finance?

Which of the following actions is most likely to result in a decrease in the money supply? a. the discount rate on overnight loans is lowered. b. the government sells a new batch of treasury bonds. c. the federal reserve bank buys treasury bonds. d. the required reserve ratio for banks is decreased. 2b2t

The following cost data pertain to the operations of montgomery department stores, inc., for the month of july. corporate legal office salaries $ 75,300apparel department cost of sales"evendale store $ 97,200corporate headquarters building lease $ 50,300store manager's salary"evendale store $ 12,900apparel department sales commission"evendale store $ 11,550store utilities"evendale store $ 12,800apparel department manager's salary"evendale store $ 10,450central warehouse lease cost $ 18,600janitorial costs"evendale store $ 11,800 the evendale store is just one of many stores owned and operated by the company. the apparel department is one of many departments at the evendale store. the central warehouse serves all of the company's stores. required: 1. what is the total amount of the costs listed above that are direct costs of the apparel department? 2. what is the total amount of the costs listed above that are direct costs of the evendale store? 3. what is the total amount of the apparel department's direct costs that are also variable costs with respect to total departmental sales?