The city of Toronto has $8.4 billion in assessed value of property. The city collected $51.66 million in revenues. What is the mill rate in Toronto.
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- Ohio Quarry Inc. has $20 million in assets. Its expected operating income (EBIT) is $4 million and its income tax rate is 40 percent. If Ohio Quarry finances 20 percent of its total assets with debt capital, the pretax cost of funds is 10 percent. If the company finances 40 percent of its total assets with debt capital, the pretax cost of funds is 15 percent. Round your answers to the questions below to two decimal places. Determine the rate of return on equity (ROE) under the three different capital structures (0, 20, and 40% debt ratios).0% debt ratio: % 20% debt ratio: % 40% debt ratio: % Which capital structure yields the highest expected ROE? yields the highest expected ROE. Determine the ROE under each of the three capital structures (0, 20, and 40% debt ratios) if expected EBIT decreases by 40 percent.0% debt ratio: % 20% debt ratio: % 40% debt ratio: % Which capital structure yields the highest ROE calculated in part c? yields the highest expected ROE.…Required: Prepare the following: a. All necessary adjusting entries. b. Post-closing trial balance. c. Table for the computation of over and underestimation. d. Entries to record the adjustmentThis year, Stang Fabrications Inc. has EBIT of $9,080,000, depreciation expenses of $800,000, capital expenditures of $1,000,000, and has increased its net working capital by $450,000. If its tax rate is 25%, what is its free cash flow? The company's free cash flow is $ (Round to two decimal places.)
- A 1-inch-high stack of $100 bills contains about 250 bills. In 2010, the gross federal debt was approximately 19.5 trillion dollars. (a) If the entire federal debt were converted into a stack of $100 bills, how many feet high would it be? (b) The distance between city A and city B is approximately 7300 miles. Could this stack of $100 bills reach between these two cities? (a) For the entire federal debt, the stack of $100 bills would be ____ feet high. (Type a whole number.) (b) Could the stack of $100 bills found in part (a) reach between the given two cities? (Round to the nearest whole number as needed.) Yes, because the stack of $100 bills found in part (a) was about ____ miles long, which is greater than the distance between the two cities. No, because the stack of $100 bills found in part (a) was about ____ miles long, which is less than the distance between the two cities.A corporation pays $15 per unit for the product it sells. For the corporation, is that revenue, a variable expense or a fixed expense?Shane Co. has sales of $11.5 million and cost of sales of $5.6 million. Its selling, generaland administrative expenses are $550,000 and its research and development is $1.3million. It has annual depreciation charges of $1.4 million and a tax rate of 35%. a. What is Local's gross margin? (answer in %, Round to one decimal place.)
- King Industries has net working capital of $17,700, current assets of $39,800, equity of $55,400, and long-term debt of $11,800. What is the amount of the net fixed assets?Eastern University had the following transactions at the beginning of its academic year: 1. Student tuition and fees were billed in the amount of $7,190,000. Of that amount, $4,640,000 was collected in cash. 2. Pell Grants in the amount of $2,014,000 were received by the university. 3. The Pell Grants were applied to student accounts. 4. Student scholarships, for which no services were required, amounted to $610,000. These were applied to student tuition bills at the beginning of each semester. Required: Prepare journal entries to record the above transactions assuming: a. Eastern University is a public university. b. Eastern University is a private university. Complete this question by entering your answers in the tabs below. Public University Private University Prepare journal entries to record the above transactions assuming Eastern University is a public university. Note: If no entry is required for a transaction or event, select "No Journal Entry Required" in the first account…In decimal notation, the average amount of taxes paid is % of the total amount of money taken in. In scientific notation, the average amount of taxes paid is % of the total amount of money taken in. The total amount of money taken in by the federal government in 2014 was about 3.51 trillion dollars. Among those earning 10 million dollars or more, the average amount of taxes paid was $7.83 x 10°. That's an awful lot of money. But what percentage is that of the government's revenue? Write in both decimal and scientific notation. Round your answer to seven decimal places for decimal notation, and one decimal place for scientific notation. In decimal notation, the average amount of taxes paid is In scientific notation, the average amount of taxes paid is % of the total amount of money taken in % of the total amount of money taken in. X C.D
- Thomson Trucking has $15 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 18%, and its return on assets (ROA) is 6.25%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places. XMcRae Corporation's total current assets are $380,000, its noncurrent assets are $500,000, its total current liabilities are $340,000, its long-term liabilities are $250,000, and its stockholders' equity is $290,000. How much is the working capital? A. $290,000 B. $380,000 C. $40,000 D. $250,000City has a population of 50,000. During this fiscal year, the city generated general revenues of $30 million. The primary revenue source is property tax. The taxable property value is $1,250 million. The debt outstanding and the debt service is 37 million and 2.7 million respectively. What is the debt service ratio?
