Valuation and Capital Budgeting for the Levered Firm Adjusted Present Value 17.1 Honda and GM are competing to sell a fleet of 25 cars to Hertz. Hertz fully depreciates all of its rental cars over five years using the straight-line method. The firm expects the fleet of 25 cars to generate $100‚000 per year in earnings before taxes and depreciation for five years. Hertz is an all-equity firm in the 34-percent tax bracket. The required return on the firm’s unlevered equity is 10 percent‚ and
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Discuss the relative merits of and problems with: a. Rating and ranking scales Rating scales are used when participants score an object or indicant without making a direct comparison to another object or attitude. Possible problems of rating scales include leniency‚ central tendency and the halo effect. Ranking scales are used to tap preferences between two or items‚ which compares qualities of many items. However‚ participants may become careless using this scale‚ causing
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Question 1 Marks: 1 Marginal utility is best computed as the: Choose one answer. | D. change in total utility from an additional unit consumed. | | Question 2 If the price of chocolate-covered peanuts decreases from $1.05 to $0.95 and the quantity demanded increases from 180 bags to 220 bags‚ this indicates that‚ if other things are unchanged‚ the absolute value of the price elasticity of demand using the midpoint method is: Choose one answer. | A. 2. | | Question 3 If an
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order to hedge its exposure? 8. Financial liabilities- Would it be more likely to be adversely affected by an increase or a decrease in interest rates? Should it purchase or sell interest rate futures contracts in order to hedge its exposure? 9. Why do some financial institutions remain exposed to interest rate risk‚ even when they believe that the use of interest rate futures could reduce their exposure? 10. Explain the difference between a long hedge and a short hedge used by financial
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Short Responses for Garrison CH 8 and CH 9‚ Midterm‚ and part of AICE CH 7 Explain how wind‚ temperature‚ density‚ the Coriolis effect and the shape of the sea bed produce ocean currents and upwelling. Ocean currents are the continuous movement of ocean water driven by forces acting on the water‚ including: wind‚ waves‚ the Coriolis effect‚ temperature‚ salinity and tides. The contours of the sea bed influence the strength and direction of the current. Surface ocean currents are generally
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sexual assaults in what is the naval service biggest sexual assault scandal (Lewis‚ 2014). Senior Enlisted personnel must recognize the problems of sexual assault and strive to eliminate it to maintain discipline within the ranks. This essay will review the history‚ evolution‚ and effect of the tailhook scandal on the naval service. History A tailhook in the naval aviation community refers to the hook underneath the tail of a carrier that catch the arresting cable that stretches across the flight
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Introduction The Heritage Assessment Tool (HAT) is a set of questions used to examine an individual’s ethnic‚ cultural and religious heritage. HAT can be used to understand an individual’s health traditions. The answers to the questionnaire can be used to evaluate how an individual views of health maintenance‚ health protection and health restoration. The author will review three different individuals culture heritage using the HAT. The cultures that are being compare for differences in health
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Chapter 09 - The Confederation and the Constitution I. The Pursuit of Equality 1. The American Revolution was more of an accelerated evolution than a revolution. 2. However‚ the exodus of some 80‚000 Loyalists left a great lack of conservatives. ◦ This weakening of the aristocratic “upper crust” let Patriot elites emerge. 3. The fight for separation of church and state resulted in notable gains. ◦ The Congregational church continued to be legally established (tax supported) by some New England
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the children were treated in the society in which he lives in. Winston also has a last name which is a very common. This is ironic because Winston stands out from society and is rebellious to his government. He also starts to write his diary and questions the government unlike the rest of society. Winston is 39 years old‚ and has an above average intelligence compared to the rest of society. 2.
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Chapter 9 P192-211 Civilization in Eastern Europe: Byzantium and Orthodox Europe Introduction: BIG IDEAS DETAILS One: Two major Christian civilizations took shape- the orthodox Christian Byzantine & Catholicism in Central and West Europe- yet the remained mostly different Two: Expansion into areas never controlled before • Both new civilizations were impacted by Islam o They had Different principles • Byzantine places a higher stress on politics‚ economy‚ and cultural life (from
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