Terry, Nick, and Frank are forming The Cullumber Partnership. Terry is transferring $30,100 of personal cash and equipment worth $24,400 to the partnership. Nick owns land worth $18,300 and a small building worth $74,300, which he transfers to the partnership. There is a long-term mortgage of $20,100 on the land and building, which the partnership assumes. Frank transfers cash of $6,000, accounts receivable of $35,200, supplies worth $4,000, and equipment worth $22,600 to the partnership. The partnership expects to collect $32,000 of the accounts receivable. Prepare a classified balance sheet for the partnership after the partners' investments on December 31, 2014.

The bonds issued by the south foot bear a coupon rate of 7.5 percent, payable semiannually. the bonds mature in 6.5 years, sell at par, and have a $1,000 face value. what is the yield to maturity

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?

Which of the following statements is correct? stockholders should generally be happier than bondholders to have managers invest in risky projects with high potential returns as opposed to safe projects with lower expected returns. potential conflicts between stockholders and bondholders are increased if a firm's bonds are convertible into its common stock. takeovers are most likely to be attempted if the target firm’s stock price is above its intrinsic value. one advantage of operating a business as a corporation is that stockholders can deduct their pro rata share of the taxes the firm pays, thereby eliminating the double taxation investors would face in a partnership.