Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below: Puget Sound Divers
Planning Budget
For the Month Ended May 31

Budgeted diving-hours (q) . 100
Revenue ($365.00q) , . 36,500
Expenses:
Wages and salaries ($8,000 + $125.00q) . 20,500
Supplies ($3.00q) . 300
Equipment rental ($1,800 + $32.00q) . 5,000
Insurance ($3,400) . 3,400
Miscellaneous ($630 + $1.80q) . 810

Total expense .30,010
Net operating income .6490

Required:
During May, the company's activity was actually 105 diving-hours. Prepare a flexible budget for that level of activity.

All of the industries and businesses in the country of marksenia are privately owned and sell products at different prices that are not controlled by the government or any other organizational body. consumers in marksenia are free to buy as much of the products as they like from the businesses they want. the country of marksenia has a

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

In terms of precent, beer has more alcohol than whiskey true or false