The writer is very fast, professional and responded to the review request fast also. Thank you.
A…Which of these represent a payment of a nonmarketed claim on a firm’s cash flows? I. Payment of a customer’s liability claim. II. Principal repayment of a bond. III. Federal corporate tax payment. IV. Dividend payment.
B….Which of these represent indirect costs of financial distress? I. Court fees paid to a bankruptcy court, II. A firm’s supplier requiring payment in cash rather than offering its normal credit terms, III. Cost of a manager’s time spent renegotiating the terms of a debt to avoid bankruptcy, IV. Loss of a key employee concerned about job security and the future of the firm
C….Which of these will occur in a world with taxes and financial distress when a firm is operating at its optimal capital structure? I. The debt-to-equity ratio will be optimal. II. The weighted average cost of capital will be at its minimal point. III. The required return on assets will be at its maximum point. IV. The increased benefit from additional debt will equal the increased bankruptcy costs of that debt.
NOTE – answers may be a combination of the choices (i.e. I and II, or II, and III and IV)
Show more
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more