"Phillips Equipment has 80,000 bonds outstanding that are selling at par. Face value of the bonds is $1000. Bonds with similar characteristics are yielding 7.5%. The company also has 750,000 shares of 7% preferred stock (stated value=$100) and 2.5 million shares of common stock outstanding. The preferred stock sells for $65 a share. The common stock has a beta of 1.34 and sells for $42 a share. The U. S. Treasury bill is yielding 2.8% and the return on the market is 11.2%. The corporate tax rate is 38%. What is the firm's weighted average cost of capital?"

Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence.

Which three of the following expenses can student aid recover? -tuition -television -school supplies -parties and socializing -boarding/housing

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?