The firm will have a maximum of $2,500,000 available for investment during the coming year. In order to create a diverse portfolio, the credit union has established the following investment restrictions: • Risk free securities may not exceed 30% of the total funds invested but must comprise at least 5% of the total funds invested. • Signature loans may not exceed 12% of the funds invested in all loans (vehicle, consumer, other secured loans, and signature loans). • Consumer loans plus other secured loans may not exceed the vehicle loans. • Other secured loans plus signature loans may not exceed the funds invested in risk free securities. Formulate a linear programming model that will help the credit union decide on how best to allocate funds among each alternative to maximize annual returns. Keep in mind that the company does not have to invest the entire $2,500,000.

Baker industries’s net income is $24,000, its interest expense is $5,000, and its tax rate is 40%. its notes payable equals $27,000, long-term debt equals $75,000, and common equity equals $250,000. the firm finances with only debt and common equity, so it has no preferred stock. what are the firm’s roe and roic?

Juwana was turned down for a car loan by a local credit union she thought her credit was good what should her first step be

For each separate case below, follow the 3-step process for adjusting the prepaid asset account at december 31. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2. assume no other adjusting entries are made during the year. a. prepaid insurance. the prepaid insurance account has a $4,700 debit balance to start the year. a re- view of insurance policies and payments shows that $900 of unexpired insurance remains at year-end. b. prepaid insurance. the prepaid insurance account has a $5,890 debit balance at the start of the year. a review of insurance policies and payments shows $1,040 of insurance has expired by year-end. c.prepaidrent.onseptember1ofthecurrentyear,thecompanyprepaid$24,000 for 2 years of rentfor facilities being occupied that day. the company debited prepaid rent and credited cash for $24,000.