E 16-8 Cash Distribution Plan (revised) In addition to information provided, assume that liquidation expenses are expected to be $8,000. a. Prepare a cash distribution plan: Available Cash Recipient(s) First $ Next $ Next $ Next $ All further cash available b. Assume that noncash assets are sold for $65,000, how much cash can be distributed to each partner according to the cash distribution plan

Personal financial planning is the process of creating and achieving financial goals? true or false

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Information on gerken power co., is shown below. assume the company’s tax rate is 40 percent. debt: 9,400 8.4 percent coupon bonds outstanding, $1,000 par value, 21 years to maturity, selling for 100.5 percent of par; the bonds make semiannual payments. common stock: 219,000 shares outstanding, selling for $83.90 per share; beta is 1.24. preferred stock: 12,900 shares of 5.95 percent preferred stock outstanding, currently selling for $97.10 per share. market: 7.2 percent market risk premium and 5 percent risk-free rate. required: calculate the company's wacc. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) wacc %