Eastern university had the following transactions at the beginning of its academic year: student tuition and fees were billed in the amount of $7,090,000. of that amount, $4,580,000 was collected in cash. pell grants in the amount of $2,009,000 were received by the university. the pell grants were applied to student accounts. student scholarships, for which no services were required, amounted to $520,000. these were applied to student tuition bills at the beginning of each semester. required: prepare journal entries to record the above transactions assuming: a. eastern university is a public university. b. eastern university is a private university.

Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?

Which of the following has the largest impact on opportunity cost