Moneyball Sports Complex, Inc. had Earnings before Interest and Tax of $300 million last year, a Depreciation expense of $50 million, net Capital Expenditures of $100 million and added $10 million to its net working capital. These figures are all expected to grow at a constant rate of 5%, indefinitely. The firm finances with 50% debt and 50% equity and the tax rate is 30%. Before tax cost of debt is 10% and the cost of equity is 22%. Calculate firm value.

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Which feature is a characteristic of a corporation?

Answer the questions about keynesian theory, market economics, and government policy. keynes believed that there were "sticky" wages and that recessions are caused by increases in prices. decreases in supply. decreases in aggregate demand (ad). increases in unemployment. keynes believed the government should increase ad through increased government spending, but not tax cuts. control wages to increase employment because of sticky wages. increase employment through tax cuts only. increase as through tax cuts. increase ad through either increased government spending or tax cuts. intervene when individual markets fail by controlling prices and production.