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NEW QUESTION: 1
A. Option C
B. Option D
C. Option A
D. Option B
Answer: A
NEW QUESTION: 2
DRAG DROP
You develop a Windows Communication Foundation (WCF) service that is hosted within a console application. The service implements the IRegistrationService interface in a class named RegistrationService. The service uses the following endpoint URL: http://localhost:8080/registrationservice/basic
You need to configure the console application to host the service.
How should you complete the relevant code? (To answer, drag the appropriate code segment to the correct location in the answer area. Each code segment may be used once, more than once, or not at all. You may need to drag the split bar between panes or scroll to view content.)
Answer:
Explanation:
NEW QUESTION: 3
A company currently sells 75,000 units annually. At this sales level, its EBIT is $4 million, and its degree of total leverage is 2.0. The firm's debt consists of $15 million in bonds with a 9.5 percent coupon. The company is considering a new production method which will entail an increase in fixed costs but adecrease in variable costs, and will result in a degree of operating leverage of 1.6. The president, who is concerned about the stand-alone risk of the firm, wants to keep the degree of total leverage at 2.0. If EBIT remains at
$4 million, what amount of bonds must be retired to accomplish this?
A. $6.58 million
B. $8.42 million
C. $7.63 million
D. $4.44 million
E. $9.19 million
Answer: A
Explanation:
Explanation/Reference:
Explanation:
DTL = (DOL)(DFL)
2.0 = 1.6(DFL)
1.25 = DFL.
1.25 = $4,000,000/($4,000,000-I)
$5,000,000 - 1.25(I) = $4,000,000
I = $800,000.
Debt = $800,000/.095 = $8,421,053.
Must retire = $15,000,000 - $8,421,053 = $6.58 million of debt.
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