Carl is balancing his checking account. After comparing the bank statement to his register, he notices an outstanding debit of $
1 answer:
Based on the current balance and the outstanding debit, the correct amount in the account is <u>$51.75</u>
When a person gets a debit in the bank account, it means that there is a deduction from their account.
An outstanding debit of $58 is therefore a deduction from the current balance which is $109.75
The correct amount is therefore:
= 109.75 - 58
= $51.75
In conclusion, the correct balance is $51.75
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Answer:
Explanation:
Let's first determine the free cash flow of the firm
Particulars Years
1 2 3
EBIT 540 680 750
<u>Tax at 36% (0.36*540) (0.36*680) (0.36*750) </u>
Less: 345.6 435.2 480
Net Capital -
Spending 150 170 190
<u>Change in NWC 70 75 80 </u>
Less: 125.6 190.2 210
The terminal value at the end of T =(3 years) is:
= 2011.26
Finally, the value of the firm can be computed as follows:
Years Free Cash Flow PVIF PV
1 125.6 0.6589 107.88
2 190.2 0.7377 140.31
3 210 0.6336 133.06
<u>Terminal Value 2011.26 0.6336 1294.33 </u>
<u>Value of the firm ⇒ $1655.58</u>