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3 years ago

What is a vision statement

2 answers:

8 0

A Vision Statement is an aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future.

Reika [66]3 years ago

8 0

Answer:

A Vision Statement is an aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future.

Explanation:

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His lesson starts on time (change into negative)

Dmitrij [34]

Answer:

His lesson started late

Explanation:

3 0

3 years ago

Read 2 more answers

Which of the following is a characteristic of a monopolistically competitive market? I. Each firm is a price-taker. II. Firms se

dangina [55]

Answer:

The correct answer is option II and III only.

Explanation:

Monopolistic competition is a market structure where there is a large number of buyers and sellers. The sellers in this market sell differentiated products which are close substitutes.

There is a very low restriction on the entry of new firms in the market. Because of differentiated products each firm has some degree of market power. The firms face a downward-sloping demand curve. This means that the firms decide the price level.

Though the firms enjoy zero economic profits in the long run.

3 0

3 years ago

Consider a $10,000 machine that will reduce pretax operating costs by $3,000 per year over a 5-year period. Assume no changes in

ki77a [65]

Answer:

A) $83

Explanation:

First, find aftertax OCF per year

aftertax OCF = (Operating benefit - depreciation)*(1-tax) +depreciation

Depreciation per year = 10,000/5 = 2,000

Tax = 34%

aftertax OCF per year = (3,000 - 2,000)*(1-0.34) + 2,000

= 660 +2,000

= 2,660

Next, find the PV of the aftertax OCF per year. It is an annuity;

PMT = 2,660

N = 5

I/Y = 10%

FV = 0

then CPT PV = 10,083.493

Subtract the initial cost of the machine to find the Net Present Value (NPV);

NPV = -$10,000 + $10,083.493

NPV = $83.493

8 0

4 years ago

Suppose a foreign investor who holds tax-exempt Eurobonds paying 10.50% is considering investing in an equivalent-risk domestic

algol13

Options:

a. 14.58%

b. 12.83%

c. 15.46%

d. 16.33%

e. 16.92%

Answer:

Correct option is A.

14.58%

Explanation:

After-tax yield = pre-tax yield x (1- marginal rate)

and Taxable-equivalent yield = tax-exempt yield / (1- marginal tax rate)

Hence Taxable-equivalent yield =.105/(1-.28)

=.105/.72=.14583333

=14.58 %

4 0

3 years ago

You are evaluating two different silicon wafer milling machines. The Techron I costs $245,000, has a three-year life, and has pr

sveticcg [70]

Answer:

Techron I . According to the calculations, Techron I reports a better performance.

Explanation:

Techron I

Cost of Machine = $245,000

Useful Life = 3 years

Annual Depreciation = Cost of Machine / Useful Life

Annual Depreciation = $245,000 / 3

Annual Depreciation = $81,666.67

Salvage Value = $40,000

After-tax Salvage Value = $40,000 * (1 - 0.22)

After-tax Salvage Value = $31,200

Annual OCF = Pretax Operating Costs * (1 - tax) + tax * Depreciation

Annual OCF = -$63,000 * (1 - 0.22) + 0.22 * $81,666.67

Annual OCF = -$31,173.33

NPV = -$245,000 - $31,173.33 * PVIFA(10%, 3) + $31,200 * PVIF(10%, 3)

NPV = -$245,000 - $31,173.33 * 2.4869 + $31,200 * 0.7513

NPV = -$299,084.39

EAC = NPV / PVIFA(10%, 3)

EAC = -$299,084.39 / 2.4869

EAC = -$120,263.94

Techron II:

Cost of Machine = $420,000

Useful Life = 5 years

Annual Depreciation = Cost of Machine / Useful Life

Annual Depreciation = $420,000 / 5

Annual Depreciation = $84,000

Salvage Value = $40,000

After-tax Salvage Value = $40,000 * (1 - 0.22)

After-tax Salvage Value = $31,200

Annual OCF = Pretax Operating Costs * (1 - tax) + tax * Depreciation

Annual OCF = -$35,000 * (1 - 0.22) + 0.22 * $84,000

Annual OCF = -$8,820

NPV = -$420,000 - $8,820 * PVIFA(10%, 5) + $31,200 * PVIF(10%, 5)

NPV = -$420,000 - $8,820 * 3.7908 + $31,200 * 0.6209

NPV = -$434,062.78

EAC = NPV / PVIFA(10%, 5)

EAC = -$434,062.78 / 3.7908

EAC = -$114,504.27

5 0

3 years ago