there is no coefficient on the x2 it is a one), B=5, and C=4. So now we just plug in the values and solve.x=-(5)±(5)2-4(1)(4)2(1) → x=-(5)±25-162 → x=-5±92 → x=-5±32 →x=-5+32 =-1 x=-5-32 =-4 so x equals (– 4) or (– 1). Now if we were going solve this same equation by factoring, we need to ask ourselves what factors of 4 are the product of 5. Since 4 factors in to 4 and 1 and 2 and 2 this problem is fairly simple. We know that 2+2 doesn’t equal 5, but 4+1 does. So our binomials will be
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-1- Equivalence of the different discounted cash flow valuation methods. Different alternatives for determining the discounted value of tax shields and their implications for the valuation∗ Pablo Fernández PricewaterhouseCoopers Professor of Corporate Finance IESE Business School, University of Navarra Camino del Cerro del Aguila 3. 28023 Madrid, Spain. E-mail: fernandezpa@iese.edu Abstract This paper addresses the valuation of firms by cash flow discounting. The first part shows that
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from being a well-known mathematician, Jules Henri Poincare also indulged in the study of philosophy. He learned much during his lifetime ... Read More Hermann Klaus Hugo W... Hermann K. H. Weyl, famous as Peter among his close associates, was one of the greatest mathematicians of the 20th
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Operations expenses (970) Operating income $ 430 Interest expense (30) Income before tax $ 400 Income tax (200) Net income $ 200 Plus Jan. 1 retained earnings 150 Minus dividends (100) Dec. 31 retained earnings $ 250 Answer (A) is correct. (CIA, adapted) REQUIRED: The return on assets. DISCUSSION: The return on assets is the ratio of net income to total assets. It equals 21.1% ($200 NI ÷ $950 total assets). Answer (B) is incorrect. The ratio of net income to common equity is 39.2%. Answer (C) is incorrect
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Intel Corporation, 1992 A. Guembel What factors in general do you think should determine a firm’s payout policy? Explain briefly for each factor how and why you think it should affect payout policy? - Payout Policy Net income has only two possible assignments: either reinvestment in the company in the form of cash flow or distribution to shareholders in the form of dividends or share repurchases. What are the factors that determine the dividend policy of a company? - Basic principle :
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RH (Ch. 5); Handout and Notes Theory and Concepts: Concept Check: 5.4, 5.5, 5.7, 5.10, 5.11, 5.16 Answers: 5-4. What are the essential differences among demand deposits, savings deposits, and time deposits? Demand deposits are regular checking accounts against which a customer can write checks or make any number of personal withdrawals. Regular checking accounts do not bear interest under current U.S. law and regulation. Savings deposits bear interest (normally, they carry
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earnings B) decrease each year by the amount of retained earnings minus depreciation on fixed assets C) increase each year by the amount of retained earnings D) increase each year by the amount of retained earnings plus depreciation on fixed assets 2. A firm has a ROE of 20% and a market-to-book ratio of 2.38. Its P/E ratio is __________. A) 8.40 B) 11.90 C) 17.62 D) 47.60 3. Rose Hill Trading Company
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Through the texts ‘Metropolis’ and ‘Nineteen Eighty Four’, Fritz Lang and George Orwell the composers both reflect as well as challenge the values within the times which they lived. The historical context of Metropolis challenges the values of the time in which Lang lived while the historical context of Nineteen Eight-Four reflects the values of the time Orwell lived. Values such as humanism, personal choice, liberty and family values are challenged through both Metropolis and Nineteen Eighty-Four
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important for 18 century World Economy, because it was one of the three elements of so-called Triangular trade, a three-way exchange between America, Europe, and Africa. European traders would ship textiles, muskets, and manufactured merchandize to Africa and exchange it for slaves. Then they would take slaves to the West to Americas and exchange them for cotton and tobacco, and sail home. On each side of the triangular trade ships made huge profits plus they carried different valuable merchandize from
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called the accounts receivable ledger, is created to maintain a separate account for each customer. A supplementary record, called the accounts receivable ledger, is created to maintain a separate account for each customer. To record a credit sale, one must debit Accounts Receivable—Customer Name, and credit Sales. The debit is posted to the Accounts Receivable account in the general ledger and to the customer account in the accounts receivable ledger. Many larger retailers maintain their own credit
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