Answered step by step
Verified Expert Solution
Question
1 Approved Answer
At the beginning of the year, MECCS Inc. had long-term debt of $6,367 and total debt of $11,285. At the end of the year, the
At the beginning of the year, MECCS Inc. had long-term debt of $6,367 and total debt of $11,285. At the end of the year, the long-term debt is $6,081 and total debt is $10,792. If $874 of interest was paid during the year, what is the cash flow to creditors?
Group of answer choices
$588
$381
$773
$1,160
Cellar Wines has a debt-equity ratio of 0.45, sales of $592,500, net income of $93,700, and total debt of $320,000. What is the return on equity?
Group of answer choices
19 percent
13 percent
16 percent
22 percent
10 percent
The tax rates are as shown. Your firm currently has taxable income of $82,400. How much additional tax will the firm owe if it increases its taxable income by $30,000? Taxable income $0 - $50,000 $50,000 - $75,000 $75,000 $100,000 $100,000 $335,000 Tax Rate 15% 25% 34% 39% $10,820 O $11.960 $10,950 O $11,700Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started