Gulf coast tours currently has a weighted average cost of capital of 12.4 percent based on a combination of debt and equity financing. the firm has no preferred stock. the current debt-equity ratio is .47 and the aftertax cost of debt is 6.1 percent. the company just hired a new president who is considering eliminating all debt financing. all else constant, what will the firm's cost of capital be if the firm switches to an all-equity firm

Diversity is an obstacle all marketers face: true false

Which of the following would classify as a general education requirement

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?