Earned $ 115 comma 000 of service revenue during 2016. Of the $ 115 comma 000 earned, the business received $ 89 comma 000 in cash. The remaining amount, $ 26 comma 000, was still owed by customers as of December 31. In addition, Total Lawn Services incurred $ 68 comma 000 of expenses during the year. As of December 31, $ 7 comma 000 of the expenses still needed to be paid. In addition, Total Lawn Services prepaid $ 12 comma 000 cash in December 2016 for expenses incurred during the next year. 1. Determine the amount of service revenue and expenses for 2016 using a cash basis accounting system.

The next dividend payment by savitz, inc., will be $2.08 per share. the dividends are anticipated to maintain a growth rate of 6 percent forever. if the stock currently sells for $42 per share, what is the required return?

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

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right