During the 2018 financial year, Foster Manufacturing recorded the following income and expenditure. GST is not considered in this question. • Sales Revenue of $2,040,000
• Operating Expenses of $322,000
• Income tax Expense $215,000

Charges to Production were:
• Raw Materials issued to Production of $420,000
• Direct labour charged to Production $340,000
• Overheads charged to Production $272,000
• Actual cost of Overheads $265,000

Additional Information:
• Work in Process at the beginning of the period was $102,000
• Work in Process at the end of the period was $110,000
• Finished Goods at the beginning of the period was $234,000
• Finished Goods at the end of the period was $252,000

Required:
Based on the transactions recorded, within Microsoft Excel prepare a:
Income Statement for the year

What is credit and debit in accounting

Calculate the cost of each capital component—in other words, the after-tax cost of debt, the cost of preferred stock (including flotation costs), and the cost of equity (ignoring flotation costs). use both the capm method and the dividend growth approach to find the cost of equity.calculate the cost of new stock using the dividend growth approach.what is the cost of new common stock based on the capm? (hint: find the difference between re and rs as determined by the dividend growth approach and then add that difference to the capm value for rs.)assuming that gao will not issue new equity and will continue to use the same target capital structure, what is the company’s wacc? e. suppose gao is evaluating three projects with the following characteristics.each project has a cost of $1 million. they will all be financed using the target mix of long-term debt, preferred stock, and common equity. the cost of the common equity for each project should be based on the beta estimated for the project. all equity will come from reinvested earnings.equity invested in project a would have a beta of 0.5 and an expected return of 9.0%.equity invested in project b would have a beta of 1.0 and an expected return of 10.0%.equity invested in project c would have a beta of 2.0 and an expected return of 11.0%.analyze the company’s situation, and explain why each project should be accepted or rejected g

Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system