The city of waterville applied for a grant from the state government to build a pedestrian bridge over the river inside the city's park. on may 1, the city was notified that it had been awarded a grant of up to $200,000 for the project. the state will provide reimbursement for allowable expenditures. on may 5, the special revenue fund entered into a short-term loan with the general fund for $200,000 so it could start bridge construction. during the year, the special revenue fund expended $165,000 for allowable bridge construction costs, for which it submitted documentation to the state. reimbursement was received from the state on december 13.

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

Explain how can you avoid conflict by adjusting