corporate taxes: rS = rU + (rU - rB) ( [pic] M&M Prop I. With corporate taxes: VL = VU + TC (B M&M Prop II. With corporate taxes: rS = rU + (rU - rB) ( [pic] ((1-TC) rWACC = [pic]rB ((1-TC) + [pic]( rS VL = [pic] where: VU = Value of the all equity financed firm (Unlevered firm) VL = Value of the Levered firm B = Value of the debt (bond value) S = Value of the equity (Stock value) TC = Corporate tax rate) rU = Required rate of return of an unlevered firm rS = Required rate
Words: 481 - Pages: 2
General is the difference between Total Sales Revenue and Total Variable Costs Slide 3,7, 21, 25 Contribution Per Unit (CPU) = Unit Selling Price — Unit Varriable Cost Contribution Margin (CM) = CPU / Unit Selling Price Total Contribution (TC) = CPU x Units Sold Contribution & Breakeven Relationship BEP Units = Fixed Costs / CPU — Answer x Selling Price Per Unit BEP Currency = Fixed Costs / CM Price Cut: Selling Price = Original Unit Price x (100 — % of Price Cut)
Words: 487 - Pages: 2
PROPIEDADES COLIGATIVAS DE LAS SOLUCIONES I.- Introducción. Los estudios teóricos y experimentales han permitido establecer, que los líquidos poseen propiedades físicas características. Entre ellas cabe mencionar: la densidad, la propiedad de ebullir, congelar y evaporar, la viscosidad y la capacidad de conducir la corriente eléctrica, etc. Cada líquido presenta valores característicos (es decir, constantes) para cada una de estas propiedades. Cuando un soluto y un solvente dan origen
Words: 8422 - Pages: 34
Dr. Mohammed Alwosabi Econ 140 – Ch. 11 Notes on Ch. 11 PERFECT COMPETITION This chapter examines the basic elements of perfect competition and the competitive firm. It examines how businesses with a given market price make production decisions that help maximizing profit. Characteristics of Perfect Competition 1. Many firms, each is selling an identical product. Each firm’s output is a perfect substitute for the output of the other firms, so the demand for each firm’s output is
Words: 3693 - Pages: 15
expenses of production. The revenue covers all the cost – variable as well as fixed. The firm does not earn any profit nor does it incur any loss. The BEP is illustrated in the following table: Output in units sold TFC (Rs) TVC (Rs) TC (Rs) TR (Rs) at the rate of 150 /unit 0 1000 - 1000 - 10 1000 1000 2000 1500 20
Words: 450 - Pages: 2
Question: 1. Locate the annual balance sheets for General Motors (GM), Merk (MRK), and Kellogg (K). For each company calculate the long term debt-equity ratio for the prior two years. Why would these companies use such different capitals structures? 2. Look up a company and download the annual income statements. For the most recent year, calculate the average tax rate and EBIT, and find the total interest expense. From the annual balance sheets calculate the total long-term debts (including
Words: 2212 - Pages: 9
4. a. (i) Labour intensive industry refers to industry that requires substantial amount of human labour to produce industrial products. For example, in Australia coal mining is one of the labour intensive industries. According to Australian Coal Association (Coal & the Community), black coal mining is one of Australia’s most important industries that creates employment, low-cost fuel and important source of export revenue. (ii) Coal mining industry is labour intensive because this particular
Words: 1025 - Pages: 5
Ans: Aspire is a pre-engagement program designed for associates joining TCS. This is only for IT guys. Its not there for ITIS folks. EIS folks too had i guess. This is a program designed to cover the basics of software engineering modules and soft skills which would be helpful when the associates joins TCS. It general it will provide u a basic outline about the basic stuffs which one should need before u step into TCS. 2. How do we learn in Aspire? Ans: In Aspire, we have courses covering
Words: 698 - Pages: 3
Drills, MMD1, 300-Yard Shuttle Run, and Recovery Drills IAW TC 3-22.20. (2) Conditions: Giving a highly motivated platoon of Noncommissioned Officers conduct PRT. (3) Standards: Perform PRT IAW TC 3-22.20 b. Risk Assessment starting with moderate after implementing control reduced to a residual risk of low. c. Conduct Preparation Drill IAW TC 3-22.20. (1) Bend and Reach 6 reps
Words: 258 - Pages: 2
军队进行曲 Piccolo !!!! 2 C = 95 a 4 !!!! 2 4 !!!! 2 4 !!!! 2 4 !!!! 2 4 !!!! 2 4 ƒ !!!! 2 4 !!!! 2 4 ƒ !!!! 2 4 !!!! 2 4 !!!! 2 4 a a a a a a a a a a | a a a a a a a a a a a | a a a a a a a a a a a | a a a a a a a a a a a tÇ a a a a a a a a a a a d | a a a a a a a a a a a 项道荣 Flutes Clarinets Trumpets !!!! 2 | 4 ” French Horn Trombones Tuba Cybal Timp Hits Snare Violins 1 Violins 2 2014-8 Page 1 7 !!!!
Words: 4558 - Pages: 19