Interest versus dividend expense michaels corporation expects earnings before interest and taxes to be $ 49 comma 000 for the current period. assuming a flat ordinary tax rate of 25 %, compute the firm's earnings after taxes and earnings available for common stockholders (earnings after taxes and preferred stock dividends, if any) under the following conditions:

a. the firm pays $ 13 comma 000 in interest.

b. the firm pays $ 13 comma 000 in preferred stock dividends.

Ibelieve your answer is d

Your answer would be is four

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.