Which level of government – federal, state or local – typically collects sales taxes? For example, suppose a company has both floating rate debt and fixed rate debt outstanding. How does a drop in market interest rates affect the company`s interest rate? At the market value of the debt ratio? Based on those answers, would you say that leverage has increased or decreased? Instructions If the class is divided into groups, answer the following questions. (a) What is the book value of Glover Corporation`s outstanding 5-year notes as of January 1, 2017? (Assume straight-line depreciation.) On January 1, 2015, Glover Corporation issued $95 of 5-year notes at 8% valued at $2,400,000 over 5 years. The bonds pay interest each year on January 1. As of January 1, 2017, the market interest rate on Glover Corporation`s subprime bonds had increased. As a result, on January 1, 2017, the market value of these bonds was $2,000,000, less than their book value. Joanna Glover, president of the company, is offering to buy back all these bonds on the open market for $2,000,000. To do this, the Corporation must issue $2,000,000 (par value) of new bonds at 11% at 10 years at par. The president asks you, as controller, «What is the feasibility of my proposed buyout plan?» Remember that a prime number is a natural number whose only factors are itself and 111 (for example, 2,3,5,7,11,. 2,3,5,7,11,. 2,3,5,7,11,…).
Goldbach`s conjecture, advanced in 174217421742, states that any even number greater than 222 can be expressed as the sum of two primes. For example, 4=2+24=2+24=2+2, 6=3+36=3+36=3+3 and 8=5+38=5+38=5+33. A deductive proof of this conjecture has never been found. Test the conjecture for at least 101010 even numbers and present an inductive argument for their truth. Do you think the assumption is true? Why or why not?.