I think its D because if you were to study geometry it would be in a math class and not be its own course
Answer: The value of the firm is $16 million.
For this question we use the Modigliani-Miller Proposition I which states that the value of the firm is same irrespective of the amount of equity and debt in its capital structure, ignoring taxes.
Amount borrowed for buyback = $1m
No. of shares bought back = 2500
Value per share = $
Shares outstanding before buyback = 40000 shares
Shares bought back = 2500 shares
Shares outstanding after buyback =
Next we calculate the value of the firm before and after buyback of shares.
The value of the firm before buyback comprises of only 40000 equity shares. There is no debt. Hence,
The value of the firm after buyback will be
Since value of the firm before and after buyback of shares is the same, we can say that the Modigliani-Miller Proposition I without taxes holds and the value of the firm is $16 million.
Answer:
Explanation:
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Which type of college credit program does the statement describe?
In a(n) _____________
program, a student must pass an exam at the end of course with a 3 out of 5 in order to get college credit. Some colleges require even higher scores or they will not accept the credit.
Answer:
1. Calculate the net profit margin and accounts receivable turnover for 2019
Net profit margin = Net income/Net sales
Net profit margin = 36,000/(219000-4000)
Net profit margin = 16.74%
A/R turnover = Sales/Average turnover
A/R turnover = (219000-4000)/((32000+39000)/2)
A/R turnover = 6.06
2. How much does Nash make on each sales dollar?
= 36,000 / (219000-4000)
= 36,000 / 215000
= $0.17
3. How many days does the average receivable take to be paid (assuming all sales arc on account)?
Days Sales Outstanding = Average account receivables*365 / Net credit sales
Days Sales Outstanding = [((32000+39000)/2)*365] / (219000-4000)
Days Sales Outstanding = 12957500/215000
Days Sales Outstanding = 60 days
B. make sure she moves about carefully at the workplace