Henry likes a smartphone that is within his budget. Which payment option will be most economical for him when buying the smartphone? A.
use a credit card and repay after two months
B.
ask for credit from the store manager
C.
pay in cash
D.
request a plan that allows him to pay the amount in monthly installments

Beranek corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio? a. $273,600b. $288,000c. $302,400d. $317,520e. $333,396