Fay runs a hot dog cart at the sports stadium. fay has no skills, no job experience, and no alternative employment. entrepreneurs in the hot dog cart business earn $12,000 a year. fay pays the rent of $2,000 a year, and her total revenue is $15,000 a year. she borrowed $1,000 at 10 percent a year to buy equipment at the end of one year, fay was offered $600 for her business and all its equipment. a. fay's explicit costs? b. fays' implicit costs? c. fay's economic profit in first year is?

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 %

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:

Four students are at an extracurricular activity fair at their high school and are trying to decide which clubs to join. some information about the students is listed in this chart: which describes which ctso each student should join?