Erna corp. has 7 million shares of common stock outstanding. the current share price is $73, and the book value per share is $8. erna corp. also has two bond issues outstanding. the first bond issue has a face value of $75 million, has a coupon of 8 percent, and sells for 98 percent of par. the second issue has a face value of $55 million, has a coupon of 9 percent, and sells for 107 percent of par. the first issue matures in 23 years, the second in 7 years. a. what are erna’s capital structure weights on a book value basis? (round your answer to 4 decimal places. (e. g., 32.1616)) equity/value debt/value b. what are erna’s capital structure weights on a market value basis

On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is:

For each example identify the most appropriate ctso

Companies in the u. s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct