Marco plumbing supply has a pre-tax cost of debt of 7.6 percent, a cost of equity of 12.4 percent, and a cost of preferred stock of 8.5 percent. the firm has 410,000 shares of common stock outstanding at a market price of $19 a share. there are 30,000 shares of preferred stock outstanding at a market price of $31 a share. the bond issue has a face value of $550,000 and a market quote of 98.0. the company's tax rate is 32 percent. what is the firm's weighted average cost of capital

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?

According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is