1) We do not agree with Joanna Cohen’s WACC calculation because she mistakenly used historical data to estimate the future cost of debt. Joanna calculated the cost of debt by taking the interest expense for 2001 and dividing it by the average debt balance. The cost of debt for Nike is the effective rate that it pays on its current debt‚ meaning the yield to maturity of bonds should be used to make an estimate instead of the average debt balance. Through the use of past data‚ the average balance
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is an income statement? (0.5 points) Financial statement for results of a specific time 3. What is the balance sheet equation? (0.5 points) Assets= liabilities + owner’s equity 4. What is a financial ratio? (0.5 points) Comparing finance between two groups 5. What does the following equation represent: Total liabilities ÷ Total assets? (0.5 points) Debt ratio 6. What is cash basis accounting? (0.5 points) Method used to track income and expenses sorry i dont
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Chapter 9 – On the Imperfection of the Geographical Record Through chapter nine‚ Darwin again addresses some holes within his theory. In this chapter‚ he refutes claims that may arise that involve fossils and other geographical evidence. The claim states that‚ if Darwin’s theory were to be complete and true‚ that paleontologists should be able to find fossils depicting the advancement of a species throughout the ages. Moreover‚ they should be able to find links between one species and another through
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CHAPTER 6: EFFICIENT DIVERSIFICATION 1.E(rP) = (0.5 16%) + (0.4 10%) + (0.10 6%) = 12.6% 2.a.The mean return should be less than the value computed in the spreadsheet. The fund’s return is 5% lower in a recession‚ but only 3% higher in a boom. The variance of returns should be greater than the value in the spreadsheet‚ reflecting the greater dispersion of outcomes in the three scenarios. b.Calculation of mean return and variance for the stock fund: (A) (B) (C) (D) (E) (F) (G) Scenario Probability
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Lord of the Flies Chapter 9 Presentation Created by: Nick Chim‚ Ali Khalid‚ Dorcas Osei-Adjei Summary In chapter 9 Simon awakens and once he’s on his feet he notices the lord of the flies. He then begins to shout into the clearing asking “what else is there to do”(145). After receiving no reply he begins to stagger his way up the mountain. When he reaches the top he notices the body of the parachutist and realizes that the boys have mistaken the beastie for the parachutist. Simon then untangles
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n chapter 9 of How to read literature like a professor‚ Foster goes into the topic of myths. There are three kinds of myths that Foster mentioned beforehand :shakespearean biblical‚and fairy tale myths. In this chapter however‚ he goes more deeply in myths from the Greeks and Romans. According to Foster‚ myths shape and sustain power of a story the and its symbols; show our ability to to explain ourselves; myths are so deeply ingrained our cultural memory that they both shape our culture and are
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Today Prime Minister Kevin Rudd delivered his "closing the gap" report in parliament on the state of Australia’s Aboriginal and Torres Strait Islander peoples’ health and wellbeing. We think it would be useful for us all to take a break from the statistics and consider some fundamental questions. Numbers and targets are important when it comes to addressing need but we often forget that sound policy comes from sound principles and motivations. In terms of national policy we began this journey
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Chapter 4 1. If you invest $1000 today at an interest rate of 10% per year‚ how much will you have 20 years from now‚ assuming no withdrawals in the interim? SOLUTION: n PV FV PMT Result 20 2. i 10 1000 ? 0 FV =6‚727.50 a. If you invest $100 every year for the next 20 years‚ starting one year from today and you earn interest of 10% per year‚ how much will you have at the end of the 20 years? b. How much must you invest each year if you want to have
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“‘Can’t repeat the past?’ [Gatsby] cried incredulously. ‘Why of course you can!’“ In so much as two lines the novel was born with one of its main themes – the vast obsession with the past and the failure to accept that it is‚ contrary to what Gatsby says‚ impossible to recreate. As the novel concludes‚ Nick reflects‚ “So we beat on‚ boats against the current‚ borne back ceaselessly into the past.” In some instances‚ “beating against the current” is considered a positive quality; an optimistic life-force
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___________________________________________________________________ Case Study corporate finance Case 28 – An Introduction to Debt Policy and Value Case 30 – MCI Communications‚ Corp.: Capital Structure Theory ___________________________________________________________________ Table of Contents Case 28 - An Introduction to Debt Policy and Value 3 Effects of Debt on the Value of the Firm 3 Split of Value between Creditors and Shareholders 4 Source of Value Creation 4 Effects
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