Which of the following is most likely to be served in a last-in, first-served (LIFS) queue discipline?
A) customers checking out at a grocery store
B) the in-basket on a manager's desk
C) patients entering a hospital emergency room
D) patrons waiting to be seated in a casual-dining restaurant
E) customers waiting to see a bank teller
B
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Two different companies, Vogel and Hatcher, entered into the following inventory transactions during December. Both companies use a perpetual inventory system. December 3 - Vogel Corporation sold inventory on account to Hatcher Corp. for $240,000, terms 2/10, n/30. This inventory originally cost Vogel $160,000. December 8 - Hatcher Corp. returned inventory to Vogel Corporation for a credit of $15,000. Vogel returned this inventory to inventory at its original cost of $10,000. December 12 - Hatcher Corp. paid Vogel Corporation for the amount owed.
Required: a. Prepare the journal entries to record these transactions on the books of Vogel Corporation. b. What is the amount of net sales to be reported on Vogel Corporation's income statement? c. What is the Vogel Corporation's gross profit percentage?
Boob-Tube Electronics Inc has long term bonds with a face value of $2M, the coupon rate on the bonds is 5% and the yield on the bonds is also 5%. The unlevered cost of equity is 12.5%, and the value of Boob-Tube's equity is $3.6M
The corporate tax rate is 40%. What is the required return of shareholders at Boob-Tube? A) 13.5% B) 14.2% C) 12.5% D) 14.6% E) 15.0%