Answer:
a. $95 million
b. 26.5%
c. 78.6%
Explanation:
a. It is projected that the company will generate a total cash flow of $95 million in a recession. The bondholders expect to receive a payoff of $95 million.
b. The promised return is the company's required debt payment at the end of the year ($129 million) and the 
t ($102 million).
Promised return = 
Promised return = 
Promised return = 0.2647 ≈ 0.265
The promised return on the company's debt is 0.265 or 26.5%
c. The expected return is the company's expected debt value and the current market value of the company’s outstanding debt ($102 million). We will need to find the company's expected value of debt since it is unknown.
expected debt value = 
expected debt value = (80% ×$204 million ) + ( 20% × $95 million)
expected debt value = (0.8 ×$204 million ) + ( 0.2 × $95 million)
expected debt value = ($163.2 million ) + ($19 million)
expected debt value = $182.2 million
We can now determine the expected return.
The expected return = 
expected return = 
Expected return = 0.7863 ≈ 78.6%
The expected return on the company's debt is 78.6%
Answer: Type the correct answer in the box. Spell all words correctly. Which general area of specialization are you in if you are managing the accounting.
Explanation: You are in the specialization if you are managing the accounting function for a large organization, such as one that trades on public stock exchanges.
C: Americans purchased many consumer goods on credit
Hopefully this helps.
<span>Corruption is stealing of funds that are not
supposedly owned by the stealer. In most cases, it mostly happening in institutions
and organizations. People are hesitant to report corruption because (1) they
would be ‘silenced’ (killed) by the person they are trying to expose or (2) they
are part of the dirty job.</span>
Answer:
<u>$1,300</u>
Explanation:
Only the cost that are directly related to the business conference is to be deducted as Melissa's business tax. Sightseeing cost is therefore not part of her original plan. The business related cost are therefore;
- <u>$400 for round-trip airfare to San Francisco</u>
- <u> $250 fee to register for the conference,</u>
- <u> $300 per night for three night’s lodging,</u>
- <u> $200 for meals, and</u>
- <u> $150 for cab fare.</u>
A summation of this cost would give $1,300 as the amount of the total costs that can Melissa deduct as business expenses.
