Olympic sports has two issues of debt outstanding. one is a 9% coupon bond with a face value of $20 million, a maturity of 10 years, and a yield to maturity of 10%. the coupons are paid annually. the other bond issue has a maturity of 15 years, with coupons also paid annually, and a coupon rate of 10%. the face value of the issue is $25 million, and the issue sells for 94% of par value. the firm’s tax rate is 35%. (lo13-4) a. what is the before-tax cost of debt for olympic? b. what is olympic’s after-tax cost of debt?

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

Emil motycka is considered an entrepreneur because

Careers in designing, planning, managing, building and maintaining the built environment can be found in the following career cluster: a. agriculture, food & natural resources b. architecture & construction c. arts, audio-video technology & communications d. business, management & administration