Which of the following descriptions of the free cash flow to the firm (FCFF) model is inaccurate? Select one: A. FCFF analysis focuses on the amount by which shareholder value is created during a period. B. FCFF is positive when NOPAT is higher than the decrease in NOA during the period. C. With the FCFF valuation model, firm value is the sum of the present value of horizon and terminal period free cash flows. D. Managers can increase FCFF in the short run by decreasing fixed-asset acquisitions. E. None of the above

What preforms the best over the long term? a) bonds b) mutual funds c) stocks d) certificate of deposit

When interest is compounded continuously, the amount of money increases at a rate proportional to the amount s present at time t, that is, ds/dt = rs, where r is the annual rate of interest. (a) find the amount of money accrued at the end of 3 years when $4000 is deposited in a savings account drawing 5 3 4 % annual interest compounded continuously. (round your answer to the nearest cent.) $ (b) in how many years will the initial sum deposited have doubled? (round your answer to the nearest year.) years (c) use a calculator to compare the amount obtained in part (a) with the amount s = 4000 1 + 1 4 (0.0575) 3(4) that is accrued when interest is compounded quarterly. (round your answer to the nearest cent.) s = $

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.