Land Dec. 1 31,600 25,200 Dec. 2 Dec. 2 6,200 11,600 Dec. 3 Dec. 5 25,000 6,100 Dec. 4 Dec. 6 12,500 1,200 Dec. 6 Dec. 7 29,200 17,100 Dec. 10 Bal. correct incorrect correct correct Notes Payable Dec. 1 12,700 54,600 Dec. 2 Dec. 2 2,000 23,800 Dec. 3 Dec. 5 9,600 14,500 Dec. 4 Dec. 6 4,800 2,600 Dec. 6 Dec. 7 11,300 37,100 Dec. 10 correct correct incorrect Bal. correct

12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)

Granby foods' (gf) balance sheet shows a total of $25 million long-term debt with a coupon rate of 8.50%. the yield to maturity on this debt is 8.00%, and the debt has a total current market value of $27 million. the company has 10 million shares of stock, and the stock has a book value per share of $5.00. the current stock price is $20.00 per share, and stockholders' required rate of return, r s, is 12.25%. the company recently decided that its target capital structure should have 35% debt, with the balance being common equity. the tax rate is 40%. calculate waccs based on book, market, and target capital structures. what is the sum of these three waccs?

Because the demand for wheat tends to be inelastic. true or false