Formula Sheet for the Corporate Finance Final Examination Paper 1. r = cost of capital t = year 2. Pure Play approach bL = bU[1 + (1 – T)(D/E)] bL = levered beta bU = unlevered beta T = tax rate D/E = debt to equity ratio 3. Firm value Rs = Cost of equity G = cash flow growth rate 4. rRF = the risk-free interest rate RPM = the expected market risk premium on an average stock = rM – rRF rM = the expected return on the market portfolio
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Problem: Reference : Kasavana Brooks‚ 5th Edition‚ Pg. 351 Hubbart Formula Approach‚ Room Pricing The Casa Vana Inn‚ a 200 room property‚ is projected to cost $9‚900‚000 inclusive of land‚ building‚ equipment‚ and furniture. An additional $100‚000 is needed for working capital‚ bringing the total cost of construction and opening to $10‚000‚000. The hotel is financed with a loan of $7‚500‚000 at 12% annual interest and cash of $2‚500‚000 provided by the owners. The owners desire a 15% annual return
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Metering Formula 1. Meter Multiplier Meter Multiplier - the multiplier applied to the register reading to obtain kilowatt-hours. M = Kh X Rr X Rs X CTR X VTR 10‚000 Where ; Kh = watt-hour constant of the meter in watt-hour per revolution Rr = register ratio = the number of revolutions of the register worm wheel for a revolution of the first dial pointer (right hand). Rs = gear ratio = the number of revolution of the disk for one revolution of the first point CTR = current transformer
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Assets = Liabilities + Shareholders’ equity Revenues – Expenses = Income Cash flow from assets = Cash flow to bondholders + Cash flow to shareholders Current ratio = Current assets/Current liabilities Quick ratio = Current assets – Inventory Current liabilities [2.1] [2.2] [2.3] [3.1] [3.2] [3.3] [3.4] [3.5] [3.6] Cash ratio = Cash/Current liabilities Net working capital to total assets = Net working capital/Total assets Interval measure = Current assets/Average daily operating costs Total
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Formulas (to differential equations) Math. A3‚ Midterm Test I. sin2 x + cos2 x = 1 sin(x ± y) = sin x cos y ± cos x sin y tan(x ± y) = tan x±tan y 1∓tan x·tan y differentiation rules: (cu) = cu ′ ′ ′ ′ ′ (c is constant) cos(x ± y) = cos x cos y ∓ sin x sin y (u + v) = u + v (uv)′ = u′ v + uv ′ ′ ′ u ′ = u v−uv v v2 df dg d dx f (g(x)) = dg dx sin 2x = 2 sin x cos x tan 2x = sin x = 2 cos 2x = cos2 x − sin2 x 2 tan x 1−tan2 x 1−cos 2x ‚ 2 integration rules: cos x = 2
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DERIVATION OF FORMULAS constant acceleration In order to be accurate‚ the title of this section should be "One Dimensional Equations of Motion for Constant Acceleration". Given that such a title would be a stylistic nightmare‚ let me begin this section with the following qualification. The equations of motion are valid only when acceleration is constant and motion is constrained to a straight line. Given that we live in a three dimensional universe in which the only constant is change‚ you may
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you write effective critique. Again‚ you will have 30minutes to complete this portion of the test and‚ luckily‚ there are only 5 steps you need to take. As with the Analysis of an Issue section‚ we will create some formulas to simplify the task. Plugging information into these formulas will help you organize your ideas and prepare you for your critique. Step 1- Understanding the Argument Remember that your goal in the Argument section is to analyze the given argument. You cannot effectively analyze
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ONE-SCHOOL.NET Physics Equation List :Form 4 Introduction to Physics Relative Deviation Relative Deviation = Mean Deviation ×100% Mean Value Prefixes Prefixes Tera Giga Mega Kilo deci centi milli micro nano pico Units for Area and Volume 1 m = 102 cm 1 m = 10 cm 2 4 2 Value 1 000 000 000 000 1 000 000 000 1 000 000 1 000 0.1 0.01 0.001 0.000 001 0.000 000 001 0.000 000 000 001 Standard form 1012 109 106 103 10-1 10-2 10-3 10-6 10-9 10-12 Symbol T G M k d c m μ n p (100 cm) (10
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• Profitability Procter & Gamble’s Gross Profit Margin (GPM) increased in 2010 by 2.41%‚ however it decreased in 2011 by 1.34%‚ while Net Sales continued to increase from 2009 to 2011. This trend was due to a price fluctuation in Cost of Goods Sold. The GPM directly affected the Operating Profit Margin (OPM)‚ which also increased in 2010 by 0.25% and decreased in 2011 by 1.14%. The Operating expenses were somewhat stable‚ which resulted in the OPM ratios following a similar trend as the GPM
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MECHANICAL PROPERTIES Table I lists minimum yield strength‚ minimum ultimate tensile strength‚ and minimum elongation values. Yield strength‚ ultimate tensile strength‚ and elongation property values are determined with standard test method ASTM B557. This table also includes hardness screening criteria values‚ indicated in parentheses. As applicable‚ minimum electrical conductivity values are also specified. TABLE I Minimum Ultimate Tensile Strength3 (ksi) 38.0 38.0 35.0 26.0 38.0 38.0 38.0 25
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