Answer:
a. What is the value today of Steinberg's debt and equity?
b. What is the value today of Dietrich's debt and equity?
c. Steinberg’s CEO recently stated that Steinberg’s value should be higher than Dietrich’s because the company has less debt and therefore less bankruptcy risk. Do you agree or disagree with this statement?
- A. Disagree: a company's value is determined by by its operating income (EBIT), not by there capital structure (M&M theory).
Explanation:
economic expansion 80% chance, EBIT $3.5 million
economic recession 20% chance, EBIT $1.9 million
expected EBIT = (3.5 x 0.8) + (1.9 x 0.2) = $2.8 million + $0.38 million = $3.18 million
Steinberg's debt obligations $980,000 at the end of next year
Dietrich's debt obligations $2,000,000 at the end of next year
total company value = $3.18 million / (1 + 10%) = $2,890,909
Explanation:
CTSO is an abbreviation of Career and Technical Students Organization. This organization acts as the communication and collaborative vehicle for Career and Technical Students Organization. Following are the each career path with the CTSO :
Skills USA:
Cynthia wants to pursue a career in the IT industry
Business Professionals of America:
Betty dreams of becoming a computer engineer.
Family, Career and Community Leaders of America:
Ethan seeks a job in politics.
Health Occupations Students of America:
Daphne wants to be a nurse
National FFA organization:
Andrey wants to pursue a career in Farming.
Answer:
The ending Raw Materials Inventory balance for March is $34,600
Explanation:
Raw material inventory is the inventory of those material which will be used in the processing of the production of a product. It includes direct material and indirect material as well.
The ending raw material will be calculated as follow
Ending Raw Material = Beginning raw material + Purchases for the period - material used in the period
Ending Raw Material = $23,600 + $173,000 - ( $148,200 + $13,800 )
Ending Raw Material = $23,600 + $173,000 - $162,000
Ending Raw Material = $196,600 - $162,000
Ending Raw Material = $34,600
Tha is thanks for the free 8 points
Answer:
The capacity of the machine in parts per minute is 3 parts per minute
Explanation:
The Total time = 29 + 90
The Total time = 119 minutes
Total production = 4*90
Total production = 360 units
The capacity = 360/119
The capacity = 3.02521
The capacity = 3 parts per minute
Thus, the capacity of the machine in parts per minute is 3 parts per minute
