Perdue's cogent reason why a target market should buy its chicken is "More tender golden chicken at a moderate premium price," also known as its ________

Landry Corp. is looking at two possible capital structures. Currently, the firm is an all-equity firm with $1.2 million dollars in assets and 200,000 shares outstanding. The market value of each stock is $6.00

The CEO of Landry is thinking of leveraging the firm by selling $600,000 of debt financing and retiring 100,000 shares, leaving 100,000 outstanding. The cost of debt is 10% annually, and the current corporate tax rate for Landry is 30%. If the CEO believes that Landry's EBIT will be $120,000, should the CEO leverage the firm? Explain. What will be an ideal response?

Flow of Inventoriable Costs

Renka's Heaters selected data for October 2014 are presented here (in millions): Direct materials inventory 10/1/2014 $ 105 Direct materials purchased 365 Direct materials used 385 Total manufacturing overhead costs 450 Variable manufacturing overhead costs 265 Total manufacturing costs incurred during October 2014 1,610 Work-in-process inventory 10/1/2014 230 Cost of goods manufactured 1,660 Finished goods inventory 10/1/2014 130 Cost of goods sold 1,770 Required: Calculate the following costs: 1. Direct materials inventory 10/31/2014 2. Fixed manufacturing overhead costs for October 2014 3. Direct manufacturing labor costs for October 2014 4. Work-in-process inventory 10/31/2014 5. Cost of finished goods available for sale in October 2014 6. Finished goods inventory 10/31/2014