Return to the Sport Hotel example in the class notes, discussed in class, and in Chapter 9 of the textbook. This quiz question will use the time line and all the figures in this original problem - for example, the costs of building the hotel over three years, the value of the hotel when completed under the two scenarios, and assign as the probability of the city being awarded the franchise the value of 50%. Now consider the following three changes to that original problem (all other aspects of the problem do not change). First, the projected expenditures or outflows in the first year is not as originally given at $1 million but instead is $1.205 million. Second, the projected expenditures or outflows in year 2 is not as originally given as $2 million but instead is $1.795. Third, the probability that the city will be awarded the franchise is not 50% as originally given by instead is 41%.
Using these three new values, and incorporating the potential real abandonment option, what would the NPV be at the decision node B on the decision tree?

Symantec corp., located in cupertino, california, is one of the world's largest producers of security and systems management software. the company's consolidated balance sheets for the 2009 and 2008 fiscal years included the following ($ in thousands): current assets: receivables, less allowances of $21,766 in 2009 and $24,089 in 2008 $ 838,010 $ 758,700 a disclosure note accompanying the financial statements reported the following ($ in thousands): year ended 2009 2008 (in thousands) trade accounts receivable, net: receivables $ 859,776 $ 782,789 less: allowance for doubtful accounts (8,938) (8,990) less: reserve for product returns (12,828) (15,099) trade accounts receivable, net: $ 838,010 $ 758,700 assume that the company reported bad debt expense in 2009 of $2,000 and had products returned for credit totaling $3,230 (sales price). net sales for 2009 were $6,174,800 (all numbers in thousands).required: what is the amount of accounts receivable due from customers at the end of 2009 and 2008? what amount of accounts receivable did symentec write off during 2009? what is the amount of symentec’s gross sales for the 2009 fiscal year? assuming that all sales are made on a credit basis, what is the amount of cash symentec collected from customers during the 2009 fiscal year?

The impact fiscal multiplier is a. usually estimated to have an average value of 2. b. usually estimated to have an average value of 0. c. the actual immediate multiplier effect of a fiscal policy action after taking into consideration direct fiscal offsets and other short-term crowding out of private spending. d. the multiplier effect of a fiscal policy action that applies to a long-run period after all influences on equilibrium real gdp have been taken into account.

The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to