On january 1, innovative solutions, inc. issued $220,000 in bonds at face value. the bonds have a stated interest rate of 5 percent. the bonds mature in 10 years and pay interest once per year on december 31.required: 1, 2 & 3. complete the required journal entries to record the bond issuance, interest payment on december 31, early retirement of the bonds. assume the bonds were retired immediately after the first interest payment at a quoted price of 103. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

What is the most important type of decision that the financial manager makes?

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) wacc %

Select all that apply. select the ways that labor unions can increase wages. collective bargaining reducing the labor supply increasing the demand for labor creating monopolies