Henry has a defined benefit plan that promises an annual retirement benefit based on 2% of his final 5-year average annual salary for each year of service. At retirement, Henry has 21 years of service and had an average salary of $95,000 over the last 5 years. His annual benefit will be:
A. $95,000.
B. $60,500.
C. $49,875.
D. $39,900.
E. $15,200.
Answer: D
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Cross-border mergers and acquisitions demand a ______, as organizations must align both organizational and national cultures.
A. double-layered acculturation B. organizational replication C. value creation D. Incompatibility of the partners
No state has adopted the Uniform Commercial Code in its entirety.
Answer the following statement true (T) or false (F)
Before a market survey is done, there is a 50/50 chance that a new soccer supply store would be a success. The people doing the survey have determined that there is a 0.9 probability that the survey will be favorable given a successful store
There is also a 0.75 probability that the survey will be unfavorable given an unsuccessful store. What is the probability that the survey will be unfavorable?
Kedia Inc. forecasts a negative free cash flow for the coming year, FCF1 = -$10 million, but it expects positive numbers thereafter, with FCF2 = $34 million. After Year 2, FCF is expected to grow at a constant rate of 4% forever. Assume the firm has zero non-operating assets. If the weighted average cost of capital is 14.0%, what is the firm's total corporate value, in millions? Do not round intermediate calculations.
A. $335.10 B. $275.00 C. $319.14 D. $289.47 E. $303.95