Information for hobson corp. for the current year ($ in millions): income from continuing operations before tax $ 250 loss on discontinued operation (pretax) 50 temporary differences (all related to operating income): accrued warranty expense in excess of expense included in operating income 10 depreciation deducted on tax return in excess of depreciation expense 15 permanent differences (all related to operating income): nondeductible portion of entertainment expense 10 the applicable enacted tax rate for all periods is 40%. how much tax expense on income from continuing operations would be reported in hobson's income statement? multiple choice $90 million. $104 million. $102 million. $100 million.

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

In terms of precent, beer has more alcohol than whiskey true or false

When a shortage or a surplus arises in the loanable funds market a. the supply of loanable funds changes to return the economy to its original real interest rate b. the nominal interest rate is pulled to the new equilibrium level c. the demand for loanable funds changes to return the economy to its original real interest rate d. the real interest rate is pulled to the new equilibrium level