Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 5 Days Ago
Questions Answered: 66690
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Sep 2017 My Price 7.00

Hilman University

Hilman University sells 3,800 season basketball tickets at $80 each for its 10-game home schedule. Give the entry to record (a) the sale of the season tickets and (b) the revenue earned by playing the first home game.

5.

Burden Inc. is considering these two alternatives to finance its construction of a new $2 million plant:

(a) Issuance of 200,000 shares of common stock at the market price of $10 per share.

(b) Issuance of $2 million, 6% bonds at face value.

Complete the table and indicate which alternative is preferable.

 

Issue Stock

Issue Bond

Income before interest and taxes

$1,500,000

$1,500,000

Interest expense from bonds

    

Income before income taxes

    

Income tax expense (30%)

    

Net income

$

$

Outstanding shares

  

700,000

Earnings per share

$

$

 

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Sep 2017 02:09 PM My Price 7.00

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