Clover Foods is considering two different capital structures. The first option consists of 12,000 shares of stock. The second option consists of 8,000 shares of stock plus $125,000 of debt at an interest rate of 8 percent. Ignore taxes. What is the break-even level of earnings before interest and taxes (EBIT) between these two options?

Which statement is true of both presidential and parliamentary systems of government? a. the executive branch operates independently from the legislative branch. b. the members of the legislative branch are directly elected by the people. c. the head of government is chosen by members of his or her political party. d. the head of government is directly elected by the people

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.

According to the naeyc curriculum is effective when all of the following occur except