A lien is a claim against an asset, often to get a loan. All debts related have to be paid before it is removed.
Answer:
$710.84 million
Explanation:
Net income = $35 million
Depreciation = $20 million
Capital expenditures = $7 million
Tax rate = 21%
D/E ratio = 0.4
Growth rate = 6%
Equity beta = 1.25
So, firm's asset beta = Equity beta/(1 + D/E*(1-T))
= 1.25/(1 + 0.4*(1-0.21))
= 0.94985
So, Free Cash Flow to the Firm= NI + Depreciation - Capital expenditures
= 35 + 20 - 7
= $48 million
Risk free rate Rf = 5%
Market risk premium = 7.5%
So, firm cost of capital using CAPM is Rf + Beta*(MRP)
Kc = 5 + 0.94985*7.5
Kc = 12.1239
So, Firms value using constant dividend growth model:
FV = FCF*(1+g)/(Kc-g)
FV = 48*1.06 / 0.121239-0.06
FV = 50.88 / 0.061239
FV = 830.8430901876255
FV = $830.84 million
Debt = $120 million
Market Value of equity = FV - Debt
Market Value of equity = $830.84 million - $120 million
Market Value of equity = $710.84 million
<span>Political Socialization The induction of individuals into the political culture; learning the underlying beliefs and values on which the political system is based. gener gap A distinctive pattern of voting behavior reflecting the differences in views between women and men.Democracy the opportunity to take part in the nation's governmental and policy making processes and to have some say in determining how he or she is governed, including the right to vote in elections.</span>
The answers are state, and international system
I hope that helped
Answer:
The fixed overhead production-volume variance is $9,000 U
Explanation:
In this question, we are tasked with calculating the fixed overhead production-volume variance.
We start by calculating the fixed overhead applied to production.
mathematically that is equal to : 54,000 * 0.03 * 50 = 81,000
The budgeted fixed overhead = 90,000
Mathematically,
Fixed overhead production-volume variance = Budgeted fixed overhead - fixed overhead applied to production = 90,000 - 81,000 = $9,000 U
