The following is information is from clark corporation’s financial records for the current fiscal year. i. cash received from customers, $255,000 ii. revenue earned, $230,000 iii. cash paid for wages, $115,000 iv. wage expense incurred, $110,000 v. cash paid during the current year for computers that will be used for 3 years, $30,000 vi. depreciation expense, $10,000 vii. proceeds from issuing debt (e. g., borrowed money from a bank), $30,000 viii. interest incurred on debt, $3,000 ix. cash paid for supplies, $2,000 x. supplies expense incurred, $4,000 what is the company’s net income for the current year using the cash-basis of accounting?

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,000 ($7,500,000 × 8% × ½), receiving cash of $7,740,000. journalize the first interest payment and the amortization of the related bond premium. round to the nearest dollar. if an amount box does not require an entry, leave it blank.

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) wacc %

Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.