general business data bank general business data bank Question Question 1 When a speaker seeks to explain or illustrate a process, she or he is probably speaking to: A. inform. B. persuade. C. entertain. D. celebrate. Question 2 When the theme of a speech is, “Be all you can be. Join the Navy,” it is meant to: A. entertain. B. inform. C. celebrate. D. persuade. Question 3 A purpose is to have any of the following EXCEPT: A. an objective. B. a goal. C. an intention. D. a bad dream. Question 4 One of the primary jobs of an informative speech is to: A. appeal to the emotions of the audience. B. ask them to do something with the information. C. communicate information accurately and clearly. D. entertain the audience. Question 5 Patrick Henry’s famous speech carries the theme “give me liberty or give me death.” This is a speech about: A. events. B. processes. C. concepts. D. objects. Question 6 When Elizabeth made a speech presentation demonstrating how to create an effective PowerPoint Presentation, her speech is about: A. events. B. processes. C. concepts. D. objects. Question 7 When speaking about abstract concepts, make them concrete to the audience by: A. defining, describing, illustrating. B. using jargon. C. knowing their level of understanding. D. none of the above. Question 8 Which of the following is NOT true about persuasive speaking compared to informative speaking? A. Involves more emotional appeal. B. Asks for commitment from the audience. C. Impartial point of view. D. Emotion-evoking language. Question 9 Credibility in Public Speaking is what Aristotle refers to as: A. ethos. B. pathos. C. logos. D. mythos. Question 10 Dr. Martin Luther King’s “I Have a Dream” speech is an example of a(n) __________ speech. A. informative B. persuasive C. commemorative D. entertaining Question 11 The three Ps of persuasive speech address the issues of: A. plus, minus, plan. B. persons, people, perfection. C. problem, plan, practicality. D. purpose, people, plans. Question 12 “To persuade my audience that drinking and driving laws should be stricter” aims for: A. passive agreement with a policy. B. active agreement with a policy. C. personal action to support a policy. D. personal agreement to support a policy. Question 13 “To persuade my classmates that cheating in an exam is just as wrong as plagiarism” is a: A. question of fact. B. question of policy. C. question of value. D. question of guessing. Question 14 of The process of changing people’s beliefs or actions is called: A. public relations. B. public speaking. C. persuasion. D. public communication. Question 15 In persuasive speaking, the speaker is: A. a teacher. B. an adviser. C. a leader. D. an actor. Question 16 In public speaking, the process of drawing a conclusion based on evidence is called: A. estimating. B. research. C. concluding. D. reasoning. Question 17 When asked to speak to celebrate your best friend’s wedding, your speech should be: A. dedication. B. toast. C. roast. D. commemoration. Question 18 When President Obama spoke at the 2009 graduation ceremony at the University of Notre Dame, he delivered a: A. commemorative speech. B. dedication speech. C. commencement speech. D. toast to the graduates. Question 19 Speeches of tribute are intended to do all of the following EXCEPT: A. express feelings. B. inspire the audience. C. arouse sentiments. D. describe an object. Question 20 This type of speech should be relatively brief. A. Introduction B. Presentation C. Acceptance D. Commencement
Accounting – Corporations Accounting – Corporations Question A set of scenarios where you will perform various funtions regarding incorporation and statement of cash flows. Use the attached files. (4th Part has 2 worksheets) , Attachments (25 KB) (26.22 KB) (27.88 KB) (19.42 KB)
When evaluating whether to lease or sell equipment, the book value of the equipment When evaluating whether to lease or sell equipment, the book value of the equipment Question 1) When evaluating whether to lease or sell equipment, the book value of the equipment is considered to be a sunk cost and not a differential cost.a. Trueb. False 2) Paul’s Delivery Service is considering selling one of its smaller trucks that is no longer needed in the business. The truck originally cost $23,000 and has accumulated depreciation of $10,000. The truck can be sold for $14,000. Another option is for Paul's Delivery Service to lease the truck to another company. The lessee will pay $4,800 per year for three years. Paul’s Delivery Service will continue to pay the taxes and license fees for the truck, but all other expenses will be paid by the lessee. Management assumes the expenses for the taxes and license will be $300 per year. Which of the following statements is correct? a. Paul’s Delivery Service should sell the truck because the differential loss from leasing is $500.b. Paul’s Delivery Service should lease the truck because the differential income from leasing is $12,200.c. Paul’s Delivery Service is indifferent as to whether the company should lease or sell the truck because there is no differential income or loss between the alternatives.d. Paul’s Delivery Service should lease the truck because the differential income from leasing is $300. 3) In deciding whether to accept business at a special price when the company is operating below full capacity, the special price should be set high enough to cover both the fixed and variable costs.a. Trueb. False 4) Variable costs are costs that remain constant in total with changes in the activity level.a. Trueb. False 5) Venus Co. can further process Product X to produce Product Y. Product X is currently selling for $18 per pound and costs $12.50 per pound to produce. Product Y would sell for $32 per pound and would require an additional cost of $8.75 per pound to produce.Based on the information provided for Venus Co., what is the differential revenue of producing Product Y?a. $8.75 per poundb. $14 per poundc. $5.25 per poundd. $7 per pound 6) A business is considering a cash outlay of $250,000 for the purchase of land, which it intends to lease for $40,000 per year. If alternative investments are available that yield an 15% return, the opportunity cost of the purchase of the land isa. $37,800.b. $47,200.c. $37,500.d. $45,000. 7) Direct materials cost is an example of a fixed cost of production.a. Trueb. False 8) If the total unit cost of manufacturing Product Y is currently $40 and the total unit cost after modifying the style is estimated to be $48, the differential cost for this situation is $8.a. Trueb. False 9) Total fixed costs remain constant as the level of activity changes within the relevant range.a. Trueb. False 10) When a product or segment of a business is determined to be generating a loss, the total income from operations for the company will always increase if management eliminates the product or segment.a. Trueb. False
edit the essay edit the essay Question Your evidence is well put here, but you need to explain its significance and tie it all into your larger point. Remember, just saying that poverty negatively effects education is not enough. You need to make a point about American culture (that all these policies ensure that the poor will only get poorer as the rich get richer). Obviously poverty will effect the quality of education; so what? Why is it bad? Some americans will seriously argue that the poor deserve to stay that way; arguing against that view may give you your greater meaning. , Attachments (40 KB)
SCI 207 Week 5 Assignment Final Lab Report SCI 207 Week 5 Assignment Final Lab Report Question Focus of the Final Lab ReportPlease read over the Sample Final Lab Report before beginning this assignment (PDF can be found in your online course). You are required to write a complete laboratory report for Lab 2: Water Quality and Contamination using knowledge gained throughout the course. The report must be 6 to10 pages in length and formatted according to APA style. You must use at least four scholarly sources (at least two of which can be found in the Ashford Online Library) in addition to the textbook and/or lab manual to support your points. Cite your sources in text and on the reference page. For information regarding APA samples and tutorials, visit the Ashford Writing Center, located within the Learning Resources tab on the left navigation toolbar, in your online course.The Final Lab Report must contain the following eight sections in this order:1. Title Page – This page must include the title of your report, your name, course name, instructor, and date submitted.2. Abstract – This section should provide a brief summary of the methods, results, and conclusions. It should allow the reader to see what was done, how it was done, and the results. It should not exceed 200 words and should be the last part written (although it should still appear right after the title page).3. Introduction – This section should include an overview of why the experiment was conducted. It should first contain background information of similar studies that have already been done in the area. This is accomplished by citing existing literature from similar experiments along with explaining their results. Secondly, it should provide an objective or a reason why the experiment is being done. Why do we want to know the answer to the question we are asking? Finally, it should end with a hypothesis. You should pose a question and predict the answer to the question that will be investigated. This hypothesis should be made prior to your experiment and should not be adjusted to reflect the “right” answer. Simply place your previous hypothesis in the report here. You do not lose points for an incorrect hypothesis; scientists are often wrong in their guesses.4. Materials and Methods – This section should provide a detailed description of the materials used in your experiment and how they were used. A step-by-step run down of your experiment is necessary; however, it should be done in paragraph form, not in a list format. The description should be exact enough to allow for someone reading the report to replicate the experiment.5. Results – This section should include the data and observations from the experiment. All tables and graphs should be present in this section. There should benopersonal opinions or discussion outside of the results located within this area.6. Discussion – This section should interpret your data and provide conclusions. Discuss the meanings of your findings in this area. Was your hypothesis confirmed or denied, and how can you determine this? Did the results generate any future questions that might benefit from a new experiment? Were there any outside factors (i.e., temperature, contaminants, time of day) that affected your results? If so, how could you control for these in the future?7. Conclusions – This section should simply provide a brief summary of your work.8. References – List references used in APA format.
Question_TB10_12Dec_3rd Question_TB10_12Dec_3rd Question . Heller Airlines is considering two mutually exclusive projects, A and B. The projects have the same risk. Below are the cash flows from each project: Project A Project B Year Cash Flow Cash Flow 0 -$2,000 -$1,500 1 700 300 2 700 500 3 1,000 800 4 1,000 1,100 At what cost of capital would the two projects have the same net present value (NPV)? a. 68.55% b. 4.51% c. 26.67% d. 37.76% e. 40.00% . Bowyer Robotics is considering two mutually exclusive projects with the following after-tax operating cash flows: Project 1 Project 2 Year Cash Flow Cash Flow 0 -$400 -$500 1 175 50 2 100 100 3 250 300 4 175 550 At what cost of capital would these two projects have the same net present value (NPV)? a. 10.69% b. 16.15% c. 16.89% d. 20.97% e. 24.33% . Company C is considering two mutually exclusive projects, Project A and Project B. The projects are equally risky and have the following cash flows: Project A Project B Year Cash Flow Cash Flow 0 -$300 -$300 1 140 500 2 360 150 3 400 100 At what cost of capital would the two projects have the same net present value (NPV)? a. 10% b. 15% c. 20% d. 25% e. 30% . Michigan Mattress Company is considering the purchase of land and the construction of a new plant. The land, which would be bought immediately (at t = 0), has a cost of $100,000 and the building, which would be erected at the end of the first year (t = 1), would cost $500,000. It is estimated that the firm’s after-tax cash flow will be increased by $100,000 starting at the end of the second year, and that this incremental flow would increase at a 10 percent rate annually over the next 10 years. What is the approximate payback period? a. 2 years b. 4 years c. 6 years d. 8 years e. 10 years . Haig Aircraft is considering a project that has an up-front cost paid today at t = 0. The project will generate positive cash flows of $60,000 a year at the end of each of the next five years. The project’s NPV is $75,000 and the company’s WACC is 10 percent. What is the project’s regular payback? a. 3.22 years b. 1.56 years c. 2.54 years d. 2.35 years e. 4.16 years . Lloyd Enterprises has a project that has the following cash flows: Project Year Cash Flow 0 -$200,000 1 50,000 2 100,000 3 150,000 4 40,000 5 25,000 The cost of capital is 10 percent. What is the project’s discounted payback? a. 1.8763 years b. 2.0000 years c. 2.3333 years d. 2.4793 years e. 2.6380 years . Polk Products is considering an investment project with the following cash flows: Project Year Cash Flow 0 -$100,000 1 40,000 2 90,000 3 30,000 4 60,000 The company has a 10 percent cost of capital. What is the project’s discounted payback? a. 1.67 years b. 1.86 years c. 2.11 years d. 2.49 years e. 2.67 years . Davis Corporation is faced with two independent investment opportunities. The corporation has an investment policy that requires acceptable projects to recover all costs within 3 years. The corporation uses the discounted payback method to assess potential projects and utilizes a discount rate of 10 percent. The cash flows for the two projects are: Project A Project B Year Cash Flow Cash Flow 0 -$100,000 -$80,000 1 40,000 50,000 2 40,000 20,000 3 40,000 30,000 4 30,000 0 In which investment project(s) should the company invest? a. Project A only. b. Neither Project A nor Project B. c. Project A and Project B. d. Project B only. NPV . The Seattle Corporation has been presented with an investment opportunity that will yield end-of-year cash flows of $30,000 per year in Years 1 through 4, $35,000 per year in Years 5 through 9, and $40,000 in Year 10. This investment will cost the firm $150,000 today, and the firm’s cost of capital is 10 percent. What is the NPV for this investment? a. $135,984 b. $ 18,023 c. $219,045 d. $ 51,138 e. $ 92,146 . You are considering the purchase of an investment that would pay you $5,000 per year for Years 1-5, $3,000 per year for Years 6-8, and $2,000 per year for Years 9 and 10. If you require a 14 percent rate of return, and the cash flows occur at the end of each year, then how much should you be willing to pay for this investment? a. $15,819.27 b. $21,937.26 c. $32,415.85 d. $38,000.00 e. $52,815.71 . Brown Grocery is considering a project that has an up-front cost of $X. The project will generate a positive cash flow of $75,000 a year. Assume that these cash flows are paid at the end of each year and that the project will last for 20 years. The project has a 10 percent cost of capital and a 12 percent internal rate of return (IRR). What is the project’s net present value (NPV)? a. $1,250,000 b. $ 638,517 c. $ 560,208 d. $ 78,309 e. $ 250,000 . The following cash flows are estimated for two mutually exclusive projects: Project A Project B Year Cash Flow Cash Flow 0 -$100,000 -$110,000 1 60,000 20,000 2 40,000 40,000 3 20,000 40,000 4 10,000 50,000 When is Project B more lucrative than Project A? That is, over what range of costs of capital (k) does Project B have a higher NPV than Project A? Choose the best answer. a. For all values of k less than 7.25%. b. Project B is always more profitable than Project A. c. Project A is always more profitable than Project B. d. For all values of k less than 6.57%. e. For all values of k greater than 6.57%. . Shannon Industries is considering a project that has the following cash flows: Project Year Cash Flow 0 ? 1 $2,000 2 3,000 3 3,000 4 1,500 The project has a payback of 2.5 years. The firm’s cost of capital is 12 percent. What is the project’s net present value (NPV)? a. $ 577.68 b. $ 765.91 c. $1,049.80 d. $2,761.32 e. $3,765.91 . Genuine Products Inc. requires a new machine. Two companies have submitted bids, and you have been assigned the task of choosing one of the machines. Cash flow analysis indicates the following: Machine A Machine B Year Cash Flow Cash Flow 0 -$2,000 -$2,000 1 0 832 2 0 832 3 0 832 4 3,877 832 What is the internal rate of return for each machine? a. IRRA = 16%; IRRB = 20% b. IRRA = 24%; IRRB = 20% c. IRRA = 18%; IRRB = 16% d. IRRA = 18%; IRRB = 24% e. IRRA = 24%; IRRB = 26% . Whitney Crane Inc. has the following independent investment opportunities for the coming year: Annual Life Project Cost Cash Inflows (Years) IRR A $10,000 $11,800 1 B 5,000 3,075 2 15 C 12,000 5,696 3 D 3,000 1,009 4 13 The IRRs for Projects A and C, respectively, are: a. 16% and 14% b. 18% and 10% c. 18% and 20% d. 18% and 13% e. 16% and 13% . A project has the following net cash flows: Project Year Cash Flow 0 -$ X 1 150 2 200 3 250 4 400 5 100 At the project’s WACC of 10 percent, the project has an NPV of $124.78. What is the project’s internal rate of return? a. 10.00% b. 12.62% c. 13.49% d. 15.62% e. 16.38% . A company is analyzing two mutually exclusive projects, S and L, whose cash flows are shown below: Years 0 1 2 3 4 S -1,100 900 350 50 10 L -1,100 0 300 500 850 The company’s cost of capital is 12 percent, and it can get an unlimited amount of capital at that cost. What is the regular IRR (not MIRR) of the better project? (Hint: Note that the better project may or may not be the one with the higher IRR.) a. 13.09% b. 12.00% c. 17.46% d. 13.88% e. 12.53% . Your company is planning to open a new gold mine that will cost $3 million to build, with the expenditure occurring at the end of the year three years from today. The mine will bring year-end after-tax cash inflows of $2 million at the end of the two succeeding years, and then it will cost $0.5 million to close down the mine at the end of the third year of operation. What is this project’s IRR? a. 14.36% b. 10.17% c. 17.42% d. 12.70% e. 21.53% . As the capital budgeting director for Chapel Hill Coffins Company, you are evaluating construction of a new plant. The plant has a net cost of $5 million in Year 0 (today), and it will provide net cash inflows of $1 million at the end of Year 1, $1.5 million at the end of Year 2, and $2 million at the end of Years 3 through 5. Within what range is the plant’s IRR? a. 14.33% b. 15.64% c. 16.50% d. 17.01% e. 18.37% Answer: c . Hadl.com is considering the following two projects: Project 1 Project 2 Year Cash Flow Cash Flow 0 -$100 ? 1 30 40 2 50 80 3 40 60 4 50 60 The two projects have the same payback. What is Project 2’s internal rate of return (IRR)? a. 44.27% b. 23.40% c. 20.85% d. 14.73% e. 17.64% . Alyeska Salmon Inc., a large salmon canning firm operating out of Valdez, Alaska, has a new automated production line project it is considering. The project has a cost of $275,000 and is expected to provide after-tax annual cash flows of $73,306 for eight years. The firm’s management is uncomfortable with the IRR reinvestment assumption and prefers the modified IRR approach. You have calculated a cost of capital for the firm of 12 percent. What is the project’s MIRR? a. 15.0% b. 14.0% c. 12.0% d. 16.0% e. 17.0% . Martin Manufacturers is considering a five-year investment that costs $100,000. The investment will produce cash flows of $25,000 each year for the first two years (t = 1 and t = 2), $50,000 a year for each of the remaining three years (t = 3, t = 4, and t = 5). The company has a weighted average cost of capital of 12 percent. What is the MIRR of the investment? a. 12.10% b. 14.33% c. 16.00% d. 18.25% e. 19.45% . Below are the returns of Nulook Cosmetics and “the market” over a three-year period: Year Nulook Market 1 9% 6% 2 15 10 3 36 24 Nulook finances internally using only retained earnings, and it uses the Capital Asset Pricing Model with an historical beta to determine its cost of equity. Currently, the risk-free rate is 7 percent, and the estimated market risk premium is 6 percent. Nulook is evaluating a project that has a cost today of $2,028 and will provide estimated cash inflows of $1,000 at the end of the next 3 years. What is this project’s MIRR? a. 12.4% b. 16.0% c. 17.5% d. 20.0% e. 22.9% . Belanger Construction is considering the following project. The project has an up-front cost and will also generate the following subsequent cash flows: Project Year Cash Flow 0 ? 1 $400 2 500 3 200 The project’s payback is 1.5 years, and it has a weighted average cost of capital of 10 percent. What is the project’s modified internal rate of return (MIRR)? a. 10.00% b. 19.65% c. 21.54% d. 23.82% e. 14.75% . Tyrell Corporation is considering a project with the following cash flows (in millions of dollars): Project Year Cash Flow 0 ? 1 $1.0 2 1.5 3 2.0 4 2.5 The project has a regular payback period of exactly two years. The project’s cost of capital is 12 percent. What is the project’s modified internal rate of return (MIRR)? a. 12.50% b. 28.54% c. 15.57% d. 33.86% e. 38.12% . Jones Company’s new truck has a cost of $20,000, and it will produce end-of-year net cash inflows of $7,000 per year for 5 years. The cost of capital for an average-risk project like the truck is 8 percent. What is the sum of the project’s IRR and its MIRR? a. 15.48% b. 18.75% c. 26.11% d. 34.23% e. 37.59% . Two projects being considered by a firm are mutually exclusive and have the following projected cash flows: Project A Project B Year Cash Flow Cash Flow 0 -$100,000 -$100,000 1 39,500 0 2 39,500 0 3 39,500 133,000 Based only on the information given, which of the two projects would be preferred, and why? a. Project A, because it has a shorter payback period. b. Project B, because it has a higher IRR. c. Indifferent, because the projects have equal IRRs. d. Include both in the capital budget, since the sum of the cash inflows exceeds the initial investment in both cases. e. Choose neither, since their NPVs are negative. . Scott Corporation’s new project calls for an investment of $10,000. It has an estimated life of 10 years and an IRR of 15 percent. If cash flows are evenly distributed and the tax rate is 40 percent, what is the annual before-tax cash flow each year? (Assume depreciation is a negligible amount.) a. $1,993 b. $3,321 c. $1,500 d. $4,983 e. $5,019 . McCarver Inc. is considering the following mutually exclusive projects: Project A Project B Year Cash Flow Cash Flow 0 -$5,000 -$5,000 1 200 3,000 2 800 3,000 3 3,000 800 4 5,000 200 At what cost of capital will the net present value (NPV) of the two projects be the same? a. 15.68% b. 16.15% c. 16.25% d. 17.72% e. 17.80% . Martin Fillmore is a big football star who has been offered contracts by two different teams. The payments (in millions of dollars) he receives under the two contracts are listed below: Team A Team B Year Cash Flow Cash Flow 0 $8.0 $2.5 1 4.0 4.0 2 4.0 4.0 3 4.0 8.0 4 4.0 8.0 Fillmore is committed to accepting the contract that provides him with the highest net present value (NPV). At what discount rate would he be indifferent between the two contracts? a. 10.85% b. 11.35% c. 16.49% d. 19.67% e. 21.03% . Shelby Inc. is considering two projects that have the following cash flows: Project 1 Project 2 Year Cash Flow Cash Flow 0 -$2,000 -$1,900 1 500 1,100 2 700 900 3 800 800 4 1,000 600 5 1,100 400 At what weighted average cost of capital would the two projects have the same net present value (NPV)? a. 4.73% b. 5.85% c. 5.98% d. 6.40% e. 6.70% . Jackson Jets is considering two mutually exclusive projects. The projects have the following cash flows: Project A Project B Year Cash Flow Cash Flow 0 -$10,000 -$8,000 1 1,000 7,000 2 2,000 1,000 3 6,000 1,000 4 6,000 1,000 At what weighted average cost of capital do the two projects have the same net present value (NPV)? a. 11.20% b. 12.26% c. 12.84% d. 13.03% e. 14.15% . Midway Motors is considering two mutually exclusive projects, Project A and Project B. The projects are of equal risk and have the following cash flows: Project A Project B Year Cash Flow Cash Flow 0 -$100,000 -$100,000 1 40,000 30,000 2 25,000 15,000 3 70,000 80,000 4 40,000 55,000 At what WACC would the two projects have the same net present value (NPV)? a. 10.33% b. 13.95% c. 11.21% d. 25.11% e. 14.49% . Robinson Robotics is considering two mutually exclusive projects, Project A and Project B. The projects have the following cash flows: Project A Project B Year Cash Flow Cash Flow 0 -$200 -$300 1 20 90 2 30 70 3 40 60 4 50 50 5 60 40 At what weighted average cost of capital would the two projects have the same net present value (NPV)? a. 12.69% b. 8.45% c. 10.32% d. 9.32% e. -47.96% . Turner Airlines is considering two mutually exclusive projects, Project A and Project B. The projects have the following cash flows: Project A Project B Year Cash Flow Cash Flow 0 -$100,000 -$190,000 1 30,000 30,000 2 35,000 35,000 3 40,000 100,000 4 40,000 100,000 The two projects are equally risky. At what weighted average cost of capital would the two projects have the same net present value (NPV)? a. 3.93% b. 8.59% c. 13.34% d. 16.37% e. 17.67% . Unitas Department Stores is considering the following mutually exclusive projects: Project 1 Project 2 Year Cash Flow Cash Flow 0 -$215 million -$270 million 1 20 million 70 million 2 70 million 100 million 3 90 million 110 million 4 70 million 30 million At what weighted average cost of capital would the two projects have the same net present value (NPV)? a. 1.10% b. 19.36% c. 58.25% d. 5.85% e. 40.47% . Athey Airlines is considering two mutually exclusive projects, Project A and Project B. The projects have the following cash flows (in millions of dollars): Project A Project B Year Cash Flow Cash Flow 0 -$4.0 ? 1 2.0 $1.7 2 3.0 3.2 3 5.0 5.8 The crossover rate of the two projects’ NPV profiles is 9 percent. Consequently, when the WACC is 9 percent the projects have the same NPV. What is the cash flow for Project B at t = 0? a. -$4.22 b. -$3.49 c. -$8.73 d. +$4.22 e. -$4.51 . Two fellow financial analysts are evaluating a project with the following net cash flows: Year Cash Flow 0 -$ 10,000 1 100,000 2 -100,000 One analyst says that the project has an IRR of between 12 and 13 percent. The other analyst calculates an IRR of just under 800 percent, but fears his calculator’s battery is low and may have caused an error. You agree to settle the dispute by analyzing the project cash flows. Which statement best describes the IRR for this project? a. There is a single IRR of approximately 12.7 percent. b. This project has no IRR, because the NPV profile does not cross the X-axis. c. There are multiple IRRs of approximately 12.7 percent and 787 percent. d. This project has two imaginary IRRs. e. There are an infinite number of IRRs between 12.5 percent and 790 percent that can define the IRR for this project. . Returns on the market and Takeda Company’s stock during the last 3 years are shown below: Year Market Takeda 1 -12% -14% 2 23 31 3 16 10 The risk-free rate is 7 percent, and the required return on the market is 12 percent. Takeda is considering a project whose market beta was found by adding 0.2 to the company’s overall corporate beta. Takeda finances only with equity, all of which comes from retained earnings. The project has a cost of $100 million, and it is expected to provide cash flows of $20 million per year at the end of Years 1 through 5 and then $30 million per year at the end of Years 6 through 10. What is the project’s NPV (in millions of dollars)? a. $20.89 b. $22.55 c. $23.11 d. $25.76 e. $28.12 . Returns on the market and Company Y’s stock during the last 3 years are shown below: Year Market Company Y 1 -24% -22% 2 10 13 3 22 36 The risk-free rate is 5 percent, and the required return on the market is 11 percent. You are considering a low-risk project whose market beta is 0.5 less than the company’s overall corporate beta. You finance only with equity, all of which comes from retained earnings. The project has a cost of $500 million, and it is expected to provide cash flows of $100 million per year at the end of Years 1 through 5 and then $50 million per year at the end of Years 6 through 10. What is the project’s NPV (in millions of dollars)? a. $ 7.10 b. $ 9.26 c. $10.42 d. $12.10 e. $15.75
economics data bank economics data bank Question MULTIPLE CHOICE 1. Which of the following statements is correct? a. A competitive firm is a price maker and a monopoly is a price taker. b. A competitive firm is a price taker and a monopoly is a price maker. c. Both competitive firms and monopolies are price takers. d. Both competitive firms and monopolies are price makers. 2. Assuming that Jerry’s Bicycle Shop operates in a competitive market for bicycles, which of the following statements is(are) true? (i) He chooses the price at which he sells his bicycles. (ii) He chooses the quantity of bicycles that he supplies. (iii) His market is characterized by one or more barriers to entry. a. (i) only b. (ii) only c. (i) and (ii) only d. (ii) and (iii) only 3. Angelo is a wholesale meatball distributor. He sells his meatballs to all the finest Italian restaurants in town. Nobody can make meatballs like Angelo. As a result, his is the only business in town that sells meatballs to restaurants. Assuming that Angelo is maximizing his profit, which of the following statements is true? a. Meatball prices will be less than marginal cost. b. Meatball prices will equal marginal cost. c. Meatball prices will exceed marginal cost. d. Meatball prices will be a function of supply and demand and will therefore oscillate around marginal costs. 4. A monopoly’s marginal cost will a. be less than its average fixed cost. b. be less than the price per unit of its product. c. exceed its marginal revenue. d. equal its average total cost. 5. Which of the following statements is (are) true of a monopoly? (i) A monopoly has the ability to set the price of its product at whatever level it desires. (ii) A monopoly’s total revenue will always increase when it increases the price of its product. (iii) A monopoly can earn unlimited profits. a. (i) only b. (ii) only c. (i) and (ii) d. (ii) and (iii) 6. Young Johnny inherited the only local cable TV company in town after his father passed away. The company is completely unregulated by the government and is therefore free to operate as it wishes. Assuming that Johnny understands the true power of his new monopoly, he is probably most excited about which of the following statements? (i) He will be able to set the price of cable TV service at whatever level he wishes. (ii) The customers will be forced to purchase cable TV service at whatever price he wants to set. (iii) He will be able to achieve any profit level that he desires. a. (i) only b. (ii) only c. (i) and (iii) d. All of the above are correct. 7. Which of the following is an example of a barrier to entry? (i) A key resource is owned by a single firm. (ii) The costs of production make a single producer more efficient than a large number of producers. (iii) The government has given the existing monopoly the exclusive right to produce the good. a. (i) and (ii) b. (ii) and (iii) c. (i) only d. All of the above are correct. 8. To define a monopoly, we cite the following characteristics: (i) The firm is the sole seller of its product. (ii) The firm’s product does not have close substitutes. (iii) The firm generates a large economic profit. (iv) The firm is located in a small geographic market. a. (i) and (ii) b. (i) and (iii) c. (ii) and (iv) d. All of the above are correct. 9. A fundamental source of monopoly market power arises from a. perfectly elastic demand. b. perfectly inelastic demand. c. barriers to entry. d. availability of "free" natural resources, such as water or air. 10. Because monopoly firms do not have to compete with other firms, the outcome in a market with a monopoly is often a. not in the best interest of society. b. one that fails to maximize total economic well-being. c. inefficient. d. All of the above are correct. 11. A natural monopoly occurs when a. the product is sold in its natural state (such as water or diamonds). b. there are economies of scale over the relevant range of output. c. the firm is characterized by a rising marginal cost curve. d. production requires the use of free natural resources, such as water or air. 12. An industry is a natural monopoly when (i) government assists the firm in maintaining the monopoly. (ii) a single firm owns a key resource. (iii) a single firm can supply a fixed number of goods or services at a smaller cost than could two or more firms. a. (i) only b. (iii) only c. (i) and (ii) d. (ii) and (iii) 13. When a natural monopoly exists, it is a. always cost effective for government-owned firms to produce the product. b. never cost effective for one firm to produce the product. c. always cost effective for two or more private firms to produce the product. d. never cost effective for two or more private firms to produce the product. 14. The defining characteristic of a natural monopoly is a. constant marginal cost over the relevant range of output. b. economies of scale over the relevant range of output. c. constant returns to scale over the relevant range of output. d. diseconomies of scale over the relevant range of output. 15. Natural monopolies differ from other forms of monopoly because they a. are not subject to barriers to entry. b. are not regulated by government. c. generally don't make a profit. d. are generally not worried about competition eroding their monopoly position in the market.
The Cuts-n-Curves Athletic Club is a state-wide chain of full-service fitness clubs The Cuts-n-Curves Athletic Club is a state-wide chain of full-service fitness clubs Question The Cuts-n-Curves Athletic Club is a state-wide chain of full-service fitness clubs that cater to the demographics of the state (about 60% of all adults are single). The clubs each have an indoor swimming pool, exercise equipment, a running track, tanning booths, and a smoothie caf´e for after-workout refreshments. The Club in Rosemont is open seven days a week, from 6:00 a.m. to 10:00 p.m. Just inside the front doors is a reception desk where an employee greets patrons. Members must present their membership card to be scanned by the bar-code reader, and visitors pay a $16 daily fee. When the employee at the desk collects cash for daily fees, he or she also has the visitor complete a waiver form. The employee then deposits the cash in a locked box and files the forms. At the end of each day the Club accountant collects the cash box, opens it, removes the cash, and counts it. The accountant then gives a receipt for the cash amount to the employee at the desk. The accountant takes the cash to the bank each evening. The next morning, the accountant makes an entry in the cash receipts journal for the amount indicated on the bank deposit slip. Susan Richmond, the General Manager at the Rosemont Club, has some concerns about the internal controls over cash. However, she is concerned that the cost of additional controls may outweigh any benefits. She decides to ask the organization’s outside auditor to review the internal control procedures and to make suggestions for improvement.Requirements:1. Assume that you are the outside (staff) auditor. Your manager asks you to identify any weaknesses in the existing internal control system over cash admission fees.2. Recommend one improvement for each of the weaknesses you identified.
ABC Corporation is unleveled and is valued at $640,000 ABC Corporation is unleveled and is valued at $640,000 Question assume you are in a perfect market. ABC Corporation is unleveled and is valued at $640,000. ABC is currently deciding whether including debt in their capital structure would increase their value. ABC would repurchase $300,000 of stock with the proceeds of the debt issue. There are currently 32000 shares outstanding and their effective marginal tax bracket is zero. What will the firm value be after the change? And what will the share price be and how many shares will be outstanding after the change?
The Genesis operations management team, n The Genesis operations management team, n Question please check out the assignment given below.............. , Attachments (16.5 KB)