Consider this scenario: after many years, an employee is promoted to a position that has an elevated level of trust with his management. he started with the company in an entry-level position, and then moved from a supervisory to a managerial role. this role entails that the employee trains other employees and has a deep understanding of how the department functions. which of the following actions should be taken in regard to this employee’s levels of access during the span of time he has worked for the company? because this employee needs to train other employees, he should have the access granted in his previous roles. this employee should be granted access based on his current and past roles only after being formally reviewed for his effectiveness in the company. this employee should ask his manager to grant only the access that he would prefer to have. this employee should have prior access removed to ensure separation of duties and avoid future instances of security risk

Kinkead inc. forecasts that its free cash flow in the coming year, i.e., at t = 1, will be −$10 million, but its fcf at t = 2 will be $20 million. after year 2, fcf is expected to grow at a constant rate of 4% forever. if the weighted average cost of capital is 14%, what is the firm's value of operations, in millions?

Ajustification for job training programs is that they improve worker productivity. suppose that you are asked to evaluate whether more job training makes workers more productive. however, rather than having data on individual workers, you have access to data on manufacturing firms in ohio. in particu- lar, for each firm, you have information on hours of job training per worker (training) and number of nondefective items produced per worker hour (output). (i) carefully state the ceteris paribus thought experiment underlying this policy question. (ii) does it seem likely that a firm’s decision to train its workers will be independent of worker characteristics? what are some of those measurable and unmeasurable worker characteristics? (iii) name a factor other than worker characteristics that can affect worker productivity. (iv) if you find a positive correlation between output and training, would you have convincingly established that job training makes workers more productive? explain.

Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?