wishes to finance all fixed assets and half of its permanent current assets with long-term financing costing 10 percent. Short-term financing currently costs 5 percent. Lear’s earnings before interest and taxes are $200‚000. Determine Lear’s earnings after taxes under this financing plan. The tax rate is 30 percent. - All fixed assets= $600‚000 - Half of its permanent current assets = $175‚000 - Long-term financing cost= 10% - Earnings before interest and taxes = $200‚000 - Tax rate= 30% Long-term
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ALTERNATIVE FINANCING PLANS Current assets – permanent current assets = temporary current assets $800‚000 – $350‚000 = $450‚000 Short-term interest expense = 5% [$450‚000 + ½ ($350‚000)] = 5% ($625‚000) = $31‚250 Long-term interest expense = 10% [$600‚000 + ½ ($350‚000)] = 10% ($775‚000) = $77‚500 Total interest expense = $31‚250 + $77‚500 = $108‚750 Earnings before interest and taxes $200‚000 Interest expense 108‚750 Earnings before taxes $ 91‚250 Taxes
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Government Grants for Alternative Energy Research Jon Smith ENG 122 (ABE1135R) Mrs. Jane Smith 8 October 2010 Government Grants for Alternative Energy Research Energy sources play a crucial role‚ affecting just about every activity that societies do in every country around the globe. The role in the economic development of a region or country does not need emphasis; because of the greater effects‚ it exercises a huge influence. It is the
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What is Alternative Fuels Alternative Fuels come from resources other than petroleum. Alternative fuel uses sources like corn‚ vegetable oils‚ animal fats‚ natural gas‚ propane and hydrogen. Various Alternative Fuels are produced domestically‚ thus reducing our dependence on imported oils and some are derived from renewable sources. Alternative fuel produces less pollution than normal gasoline or diesel (U.S. Department of Energy‚ n.d. ). Alternative fuel is produce for a variety of vehicles
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COMPLIMENTARY and ALTERNATIVE MEDICINE Ellen Hughes M.D. This article has brought to our attention the importance and popularity of alternative medicine in our lives today. The author gives us an idea of the number of people utilizing alternative medicine and the risks of doing so‚ as well as the cost. The author starts with a definition of alternative medicine and its gaining popularity today. This type of medicine is becoming more popular today because of the theory of treatment of the
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2014 Complementary‚ Alternative and Integrative medicine are viewed as alternative approaches to traditional health care treatments. Over 40 percent of Americans use medical treatments developed outside of what’s considered to be “mainstream” Western or conventional‚ medicine for specific conditions or sustainability of overall well being. Discussions among people in the medical field often times lead to these types of treatments to termed “alternative” and “complementary”‚ many times
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Alternative medicine‚ also known as a holistic approach‚ has been around since ancient times. It has a longer history of healing than many of the traditional medicines commonly prescribed and available today. Being dominated by pharmaceutical creations in the last century‚ alternative medicine is making a fast comeback these days. People are becoming increasingly aware of medical practices from different cultures. Many are frustrated with the damage that conventional medicine can do‚ its severe side
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Complementary medicine treatments have increased in the last years as an alternative way to treat some illnesses due to the fear that people feel with mainstream medicine and its consequences. But has this kind of medicine the power to cure all diseases like cancer or AIDS? We find some advantages that make us trust in alternative medicine. Firstly‚ herbal medicine brings us a lot of benefits for our helth. For instance‚ there are some researches that show marijuana infusion is very good for cancer
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Is alternative medicine effective or ineffective? Since the beginning of time there have been various cultures that have counted on what modern Western physicians refer to as alternative medicine. Before modern Western medicine became what it is today every illness was treated by some sort of natural remedy or alternative medicine. The debate still continues today whether or not alternative medicine is effective or if they are temporary solutions that will eventually lead to a turning towards Western
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Amanda ****** Jeanna *** Eng 1A October 8‚ 2013 Alternative Medicine My daughter would not be here today of it weren’t for alternative medicine. My doctor had labeled me a “spontaneous aborter‚” meaning my body wouldn’t hold a pregnancy‚ six miscarriages in four years. I was going crazy and when I asked my doctor why‚ he just said “it just happens to some women.” Really? What was wrong with me? A friend of mine referred me to a chiropractor. “What can a chiropractor do?” I asked myself. Despite
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