For the year ending june 30 2008 the austin corporation has, Ask an Expert

Finance

For the year ending June 30, 2008, the Austin Corporation has current assets of $ 275,000 and total assets of $ 900,000. It also has current liabilities of $ 150,000, equity of $ 200,000, and retained earnings of $ 100,000. The marginal tax rate for the firm is 30%. How much long-term debt does the firm have?

a) $ 250,000

b) $ 350,000

c) $ 315,000

d) $ 450,000

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9878629

Have any Question?Write your Review or question?

Related Questions in Basic Finance

Risk versus ambiguitya define each of the concepts risk and

Risk versus ambiguity a. Define each of the concepts risk and ambiguity (sometimes called Knightian uncertainty). b. Provide a simple example that incorporates risk in monetary payoffs but not ambiguity. c. Describe a si ...

Question utilizing the concepts learned throughout the

Question: Utilizing the concepts learned throughout the course, write a Final Paper on one of the following scenarios: • Option One: You are a consultant with 10 years experience in the health care insurance industry. A ...

You are considering investing in one of these three

You are considering investing in one of these three stocks: Stock Standard Deviation Beta A. 8% 0.59 B 10% 0.61 C 12% 1.29 If you are a strict risk minimizer, you would choose Stock ____ if it is to be held in isolation ...

Assume that you open a 100 share short position in jiffy

Assume that you open a 100 share short position in Jiffy Inc. common stock at the bid-ask price of $32.00-$32.50. When you close your position, the bid-ask prices are $32.50-$33.00. If you pay a commission rate of 0.5%, ...

Question - discuss common stock valuation and the required

Question - Discuss common stock valuation and the required assumption(s) for zero growth. Relate this discussion to a real-world problem.

Tiffany borrows a 200000 5 years loan at 7 with a fixed

Tiffany borrows a $200,000, 5 years loan at 7%, with a fixed amount of principal to be repaid every year. What is the total amount that she will need to pay at the end of year 4? (round off all answers to 2 decimal place ...

Financial time series and forecasting assignment -the goal

Financial Time Series and Forecasting Assignment - The goal of this assignment is to build and interpret factor models and to compare a range of models/methods for forecasting, in the context of a dynamic portfolio alloc ...

What is the difference between risk and uncertainty and

What is the difference between risk and uncertainty and what are the methods of risk management?

The business model for jpmorgan chase was change in 2008

The business model for JPMorgan Chase was change in 2008. Could the upside of the strategy have been achieved without exposing JPMorgan Chase the bank?

Cannons corporation will pay a 400 per share dividend next

Cannons Corporation will pay a $4.00 per share dividend next year. The company pledges to increase its dividend by 4 percent per year, indefinitely. If you require a 13 percent return on your investment, how much will yo ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert