Bad company, inc., has a major outlay of $1.7 million that is needed to renovate the company's manufacturing facility. because the company's management is conservative, it won't undertake the renovation until it has the cash necessary to fund the renovation. the company plans to deposit $134,000 each quarter into an account that will earn 1.35 percent per quarter. how many years will it be until the company has the money saved for the renovation?

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above