Consider the following income statement for kroger inc. (all figures in $ millions):
year 2006 2005 2004
total sales 60,553 56,434 53,791
cost of goods sold 45,565 42,140 39,637
selling, general & admin expenses 11,688 12,191 11,575
depreciation 1,265 1,256 1,209
operating income 2,035 847 1,370
other income 0 0 0
ebit 2,035 847 1,370
interest expense 510 557 604
earnings before tax 1,525 290 766
taxes (35%) 534 102 268
net income 991 189 498
the interest rate tax shield for kroger in 2006 is closest to:
a) $187 million
b) $332 million
c) $534 million
d) $179 million

James albemarle created a trust fund at the beginning of 2016. the income from this fund will go to his son edward. when edward reaches the age of 25, the principal of the fund will be conveyed to united charities of cleveland. mr. albemarle specified that 75 percent of trustee fees are to be paid from principal. terry jones, cpa, is the trustee. james albemarle transferred cash of $500,000, stocks worth $400,000, and rental property valued at $250,000 to the trustee of this fund. immediately invested cash of $360,000 in bonds issued by the u. s. government. commissions of $7,900 are paid on this transaction. incurred permanent repairs of $9,000 so that the property can be rented. payment is made immediately. received dividends of $8,000. of this amount, $3,000 had been declared prior to the creation of the trust fund. paid insurance expense of $4,000 on the rental property. received rental income of $10,000. paid $8,000 from the trust for trustee services rendered. conveyed cash of $7,000 to edward albemarle.

For the past six years, the price of slippery rock stock has been increasing at a rate of 8.21 percent a year. currently, the stock is priced at $43.40 a share and has a required return of 11.65 percent. what is the dividend yield? 3.20 percent 2.75 percent 3.69 percent

What is the sequence of events that could lead to trade surplus