Here are book- and market-value balance sheets of the united frypan company: book-value balance sheet net working capital $ 50 debt $ 60 long-term assets 50 equity 40 $ 100 $ 100 market-value balance sheet net working capital $ 50 debt $ 60 long-term assets 205 equity 195 $ 255 $ 255 assume that mm’s theory holds except for taxes. there is no growth, and the $60 of debt is expected to be permanent. assume a 34% corporate tax rate. a. how much of the firm's market value is accounted for by the debt-generated tax shield?

(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?

Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)