Answer:
Authority - Responsibility Balance & Incentive Development.
Explanation:
Authority refers to the power to command, give orders to somebody. And enjoying the position of having right to get it obeyed.
Responsibility refers to being in a position of accountability, answerability for an allocated task or job & its performance.
For Eg : A manager given responsibility to complete a task of production targets achievement, is also given authority to command the entire staff at the production site.
Joe had problem while working for someone else that :- he had responsibility to complete employers allocated task, but may be not given enough authority to do so, thats why he felt he is being 'commanded by, working for' someone else. Also, he doesn't owe the rewards of his acts, so lacks incentive.
Being an entrepreneur will entitle him with managerial responsibilities, but at the same time will also give him higher authority to take his own independent decisions. And, he is himself responsible for his acts, will bear losses or enjoy profits for himself. So, it also incentivises him to work for himself.
Answer:
Edelman's market/book = 2.29
Edelman's EV/EBITDA = 10.52
Explanation:
Firstly, we need to calculate enterprise value (EV) & fiem value (FV) of Edelman Engines as below:
EV = Market value of equity + Net market value of debt
= Stock price x Number of share outstanding + (Debt - Cash)
= 24 x 0.3 + (3.25 + 1 - 0.09) = 11.36
FV = Market value of equity + Market value of debt
= Stock price x Number of share outstanding + Market value of debt
= 24 x 0.3 + 3.25 + 1 = 11.45
Edelman's market/book = FV/Total asset = 11.45/5 = 2.29
Edelman's EV/EBITDA = 11.36/1.08 = 10.52
Four major categories of Primary energy use are:
1. Transportation
2. Industrial Process
3. Commercial and residential use
4. Generation of electrical power
Transportation depends entirely on petroleum, whereas
nuclear power, coal, and water power are limited to the production of
electricity. Electricity is in most commercial and residential use. Industrial processes
use natural gas, oil, and electricity. Some oil, natural gas and biomass are
used for the generation of electricity.
Answer:
$1,952 (Positive NPV)
Explanation:
Year Annual CF ($) PV factor at 10.30% PV of Cash Flow ($)
1 17,000 0.90662 15,413
2 17,000 0.82196 13,973
3 17,000 0.74520 12,668
4 17,000 0.67561 11,485
5 17,000 0.61252 10,413
6 17,000 0.55532 9,441
7 17,000 0.50347 8,559
TOTAL 1.73554 81,952
Net Present Value (NPV) = Present value of annual cash flows - Initial Cost
Net Present Value (NPV) = $81,952 - $80,000
Net Present Value (NPV) = $1,952 (Positive NPV)
