Additional data obtained from an examination of the accounts in the ledger for 20y6 are as follows:

a. equipment and land were acquired for cash.
b. there were no disposals of equipment during the year.
c. the investments were sold for $176,000 cash.
d. the common stock was issued for cash.
e. there was a $28,000 debit to retained earnings for cash dividends declared.

ernst's electrical has a bond issue outstanding with ten years to maturity. these bonds have a $1,000 face value, a 5 percent coupon, and pay interest semiminusannually. the bonds are currently quoted at 96 percent of face value. what is ernst's pretax cost of debt?

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.