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assignment with solutions is attached ,i need help translating to excel Can you break down the

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assignment with solutions is attached ,i need help translating to excel Can you break down the… 1 answer below » assignment with solutions is attached ,i need help translating to excel Can you break down the answer in part A labeled (Alternative 1) and show me how common stock par $1 & Paid in capital are produced? The Howland Carpet Company has grown rapidly during the past 5 years. Recently, its commercial bank urged the company to consider increasing its permanent financing. Its bank loan under a line of credit has risen to $250,000, carrying an 8 percent interest rate. Howland has been 30 to 60 days late in paying trade creditors. Discussions with an investment banker have resulted in the View complete question » assignment with solutions is attached ,i need help translating to excel Can you break down the answer in part A labeled (Alternative 1) and show me how common stock par $1 & Paid in capital are produced? The Howland Carpet Company has grown rapidly during the past 5 years. Recently, its commercial bank urged the company to consider increasing its permanent financing. Its bank loan under a line of credit has risen to $250,000, carrying an 8 percent interest rate. Howland has been 30 to 60 days late in paying trade creditors. Discussions with an investment banker have resulted in the decision to raise $500,000 at this time. Investment bankers have assured the firm that the following alternatives are feasible (flotation costs will be ignored): • Alternative 1: Sell common stock at $8. Attachments: Q..docx Q.-Attachment….doc View less » Sep 18 2015 05:33 PM


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