1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aev [14]
3 years ago
15

has 17,500 shares of stock outstanding along with $408,000 of interest-bearing debt. The market and book values of the debt are

the same. The firm has sales of $697,000 and a profit margin of 6.8 percent. The tax rate is 35 percent, the debt-equity ratio is 40 percent, and the price-earnings ratio is 11.8. The firm has $130,000 of current assets of which $41,200 in cash. What is the enterprise value
Business
1 answer:
Naddik [55]3 years ago
6 0

Answer:

$926,073

Explanation:

Enterprise value=market capitalization+value of debt-cash

value of the firm=price-earnings ratio=11.8

earnings=net income

net income=profit margin*sales

net income=$697,000*6.8%=$47,396

11.8=market capitalization/$47,396

market capitalzation=11.8*$47,396=$559,272.80  

enterprise value=$559,272.80+$408,000-$41,200=$ 926,072.80  (approx  $926,073)

You might be interested in
Need help pls!!!
saveliy_v [14]
Good Public relations skills lah - IT peeps must communicate with their teammates to come up with new ideas like app or what not what

Scientific background- the discovery of advance science could propel new discovery in tech area

3 0
3 years ago
Laura is a gourmet chef who runs a small catering business in a competitive industry. Laura specializes in making wedding cakes.
mars1129 [50]

Answer:

The correct answer is the letter a. "Make more than 20 wedding cakes a month."

Explanation:

To maximize profit the marginal price of each cake must equal the marginal cost of each cake. The marginal cost is 300 and the marginal price is 5000/20 = 250. The marginal price of each cake (250) is less than the marginal cost of each cake (300), so Laura needs to make more than 20 cakes to increase her revenue and maximize her profit.

5 0
3 years ago
From this partial advertisement: Used car $93.38 per month for 60 months Cash price $4,200 Down payment $50 a. Calculate the amo
ludmilkaskok [199]

Answer: The answer is as follows:

Explanation:

Given that,

Used car $93.38 per month for 60 months

Cash price = $4,200

Down payment = $50

(a) Amount Financed = Total Value (Cash Price) - Down Payment

                                   =  4200 - 50

                                   = $4150

(b) Finance Charge = Total payments - Amount Financed

                                = 93.38 × 60 - 4150

                                = 5602.8 - 4150

                                = $1452.8

(c) Deferred payment price = Down Payment + Total payments

                                             = 50 + 5602.8

                                             = $5652.8

8 0
3 years ago
A salesperson is offering promissory notes for a company selling coffee at drive-through kiosks. The notes pay a 13% interest ra
OverLord2011 [107]

Answer:

Legitimate promissory notes are marketed to sophisticated, corporate investors that have the ability to thoroughly research the company issuing the notes and determine whether the issuer will be able to repay principal and interest.   There have been many instances of "promissory note fraud" where unlicensed individuals push bogus promissory notes that are sold as investments that offer above-market fixed interest rates and safeguarding of principal - and most of there are frauds.  This is a major concern to state regulators.

To offer a promissory note, both the salesperson and the note must be registered in the state.  Only promisory notes that have maturities of 9 months or less, that are investment grade, and are sold in minimum increments of $50,000 are exempt from registration.  

Finally, the tell-tale sign of fraud are:

Statements that tho notes are "guaranteed" or insured, especially by bogus foreign entities.

Promises of above-market rates fo return

Statements that the notes are "risk"free"

The labeling of a star-up company´s notes as prime

Offers of promissory notes from a stanger who does not know the costumer financial situation

4 0
3 years ago
In the context of robert merton's strain theory of deviance, _____ is a mode of adaptation in which people do not expect to be r
NeTakaya

Answer:

Ritualism

Explanation:

In this passage the term being mentioned is called Ritualism. This is a concept of Merton's Strain theory of deviance, that refers to the daily rituals that individuals experience every day throughout their lives even though they may not accept the values that are part of those daily tasks. This can be seen in students, as they go to school daily, not to get rich, but to be able to obtain and keep a job in order to survive.

7 0
3 years ago
Other questions:
  • There are innovations involving new ways to produce and conserve energy. If we can turn this new technology into marketable prod
    5·1 answer
  • Hi-Tek is a young start-up company that is currently retaining all of its earnings. The company plans to pay a $2 per share divi
    12·1 answer
  • It would bother you very much if you knew another employee was losing The company money because of rudeness to customers or vend
    15·2 answers
  • You recently invested $18,000 of your savings in a security issued by a large company. The security agreement pays you 6 percent
    8·1 answer
  • Companies report prior period adjustments, net of any income tax effects in the:
    9·1 answer
  • Rankings in a search engine, such as Google or Bing, may determine the desirability of a product. In this form of marketing, a c
    6·1 answer
  • Which of the following is true of the capital requirement? Check all that apply.
    13·2 answers
  • Impact of 2020 lockdown on world's business economy?
    9·1 answer
  • Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life’s balance sh
    7·1 answer
  • The marginal benefit of a taco is measured by:
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!