During 2009, raines umbrella corp. had sales of $746,000. cost of goods sold, administrative and selling expenses, and depreciation expenses were $574,000, $94,000, and $127,000, respectively. in addition, the company had an interest expense of $100,000 and a tax rate of 35 percent. (ignore any tax loss carryback or carryforward provisions.) assume raines umbrella corp. paid out $18,000 in cash dividends. if spending on net fixed assets and net working capital was zero, and if no new stock was issued during the year, what is the firm's net new long-term debt

Answeraugmented reality;

Part (a) is relatively straight forward.there are 4 aces in a standard 52-card deck. so the probability that an ace is picked is just 4/52.part (b): note that there are 4 suits in a standard 52-card deck. so picking hearts will be 13/52 or 1/4.part (c): the probability condition or means we need to add the two probabilities because we do not want them simultaneously. so, we end up getting pr(ace) + pr(heart).from part (a), we found that picking an ace had a probability of 4/52, which is reduced down to 1/13.from part (b), we found that picking a heart had a probability of 1/4.so, the probability of an ace or a heart is 1/13 + 1/4 = 4/52 + 13/52 = 17/52.

The believe the answer is a.

Answer(d); when the future events will possibly occur and the amount can be reasonably estimated;