Which of the following balance sheet formats lists the assets on the left side of the page and the liabilities and stockholders' equity on the right side?

Incentive programs can be best described as:

a. fairly long term promotional events. b. a breakeven affair — sales increases equal contest costs. c. inspiring people to a greater than usual performance level and rewarding them as a result. d. occurring very infrequently, maybe once a year to inspire high performance. e. a poor motivation device for most salespeople.

Explain why the author uses the following formula to explain the amount of money a firm needs to repay an outstanding principal balance

Support your answer with n example that shows how much in EBT a firm in a 30% tax bracket would require to repay $1,000 in principal. Before-tax cost of debt repayment = (principal repayment) / (1 - tax rate)