The following selected transactions were taken from the books of aliceville company for 2014: 1. on march 1, 2014, borrowed $60,000 cash from the local bank. the note had a 6 percent interest rate and was due on september 1, 2014. 2. cash sales for the year amounted to $240,000 plus sales tax at the rate of 7 percent. 3. aliceville provides a 90-day warranty on the merchandise sold. the warranty expense is estimated to be 2 percent of sales. 4. paid the sales tax to the state sales tax agency on $200,000 of the sales. 5. paid the note due on september 1 and the related interest. 6. on october 1, 2014, borrowed $50,000 cash from the local bank. the note had a 7 percent interest rate and a one-year term to maturity. 7. paid $3,800 in warranty repairs. 8. a customer has filed a lawsuit against aliceville for $150,000 for breach of contract. the company attorney does not believe the suit has merit. what amount of cash did aliceville pay for interest during the year?

Nikolas works in a shoe store as a salesperson. a teenage boy comes in looking for comfortable sports shoes because he is going on a hike. he tells nikolas he wants shoes that have velcro straps. nikolas shows him a wide variety of velcro-strapped shoes, but the customer rejects them because they don't feel comfortable. he asks for sports shoes with laces instead. nikolas once again shows him a wide variety. the boy is once again not satisfied and asks to see the velcro-strapped shoes again. nikolas is irritated but doesn't show his annoyance. what customer service skill is nikolas showing? nikolas is a. meekness b. patience c. persistence

What is the difference between a public and a private corporation?

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine