It is expected that by 2019, mobile commerce will account for about one-third of all e-commerce in the retail and travel industries

A firm with assets value at $500,000 issues a 6 year zero-coupon bond with a par value of $550,000. Using a put option approach, what is the value of the defaultable bond given r = .07,

volatility is given as .33 and there is no dividend paid by the company? A) $75,970 B) $245,601 C) $285,406 D) $361,376

Selected information about The Staccato Company for the current year and prior year is given below

Account Current Prior Net sales revenue $648,000 $595,000 Cost of goods sold $401,760 $425,000 Gross profit $246,240 $170,000 Selling/general expenses $142,560 $93,500 Net income before tax $103,680 $76,500 Income tax $32,400 $22,800 Net income $71,280 $53,700 The current year's cost of goods sold percentage (as would be found on a vertical analysis of the income statement for the current year) is A) 94.53%. B) 67.52%. C) -5.47%. D) 62.00%.