Flag prepares monthly financial statements. Flag promises the customers a new model ship if they are unhappy at any time in the first 2 years after the purchase. Flag estimates that 6% of the ships need replaced, on average. During May Flag Inc. sells 1,000 model ships for $50 each. The cost of each ship to Flag is $20. During May- Flag replaces 40 ships that were sold in prior months and were under warranty. What will Flag recognize as warranty expense for May?

What are some of the miranda restrictions on questioning someone?

Assume today is december 31, 2013. barrington industries expects that its 2014 after-tax operating income [ebit(1 – t)] will be $400 million and its 2014 depreciation expense will be $70 million. barrington's 2014 gross capital expenditures are expected to be $120 million and the change in its net operating working capital for 2014 will be $25 million. the firm's free cash flow is expected to grow at a constant rate of 4.5% annually. assume that its free cash flow occurs at the end of each year. the firm's weighted average cost of capital is 8.6%; the market value of the company's debt is $2.15 billion; and the company has 180 million shares of common stock outstanding. the firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. using the corporate valuation model, what should be the company's stock price today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations.

What is the second step in communication planning? determine the purpose of the message outline the communication for delivery determine the best channel of communication clarify objectives identify the audience