M& m proposition ii, without taxes, is the proposition that: select one:
a. a firm's cost of equity is a linear function with a slope equal to (ra - rd).
b. the capital structure of a firm has no effect on the firm's value.
c. the size of the pie does not depend on how the pie is sliced.
d. the cost of equity is equivalent to the required rate of return on a firm's assets.
e. the cost of equity depends on the return on debt, the debt-equity ratio, and the tax rate.

Which of the following best describes a fractional reserve banking system? a. a banking system in which a large portion of the bank's assets are digital money rather than bills and coins. b. a banking system in which banks keep a portion of deposits on hand to satisfy their customer's demands for withdrawals. c. a banking system in which banks have only partial control over the interest rates they charge on loans. d. a banking system in which net worth is calculated by subtracting a fraction of liabilities from assets. 2b2t

Strawberry plants reproduce by

Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be: