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Kat owns and manages a small all-equity firm.If she works 40 hours a week,the firm's annual EBIT will be $38,000.If she increases her hours to 45 a week,EBIT will increase to $43,000.The firm has a current value of $210,000.Kat wants to expand the business and needs $76,000 to do so.The firm can borrow the needed funds at an interest rate of 6.7 percent,or it can issue equity.Ignore taxes.Kat will prefer
Record Payments
The process of documenting all money transfers made to settle debts or for purchases in the accounting records of a company.
Perpetual Inventory Method
An accounting method for maintaining continuous records of inventory balances, with updates made for each purchase and sale transaction.
Merchandise Inventory
Products held by a business for the purpose of sale to customers, a key asset in retail and wholesale operations.
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