For pitches in front of investors, or application to incubators, or pitch competitions, what questions should you expect to be asked about your product and customers?
What will be an ideal response?
Product/Customer Questions:
• What makes customers try your product/service?
• What is the technology behind your product?
• How does your product work in more detail?
• What are the risks?
• What is the next step in your product evolution?
• Where do most of your customers come from today?
• How many customers do you have today?
• Who is going to be your first paying customer?
• How are you understanding customer needs?
• How do you really know people want this?
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Michael is running for president. The proportion of voters who favor Michael is 0.8. A simple random sample of 100 voters is taken.
a.What are the expected value, standard deviation, and shape of the sampling distribution of 
?b.What is the probability that the number of voters in the sample who will not favor Michael will be between 26 and 30?c.What is the probability that the number of voters in the sample who will not favor Michael will be more than 16?
What will be an ideal response?
Bob invested $2,000 in an investment fund on his 21st birthday. The fund pays 7% interest compounded
semiannually. Bob is celebrating his 50th birthday today. Bob decides he wants to retire on his 60th birthday and he wants to withdraw $75,000 per year, the first withdrawal on his 60th birthday and the last withdrawal on his 90th birthday. Bob expects to receive $100,000 from his employer on his 55th birthday in recognition of his long service to the company. Assume Bob has not taken any money out of his investment fund since he initially funded it on his 21st birthday, and that he will deposit the $100,000 from his employer into the investment fund on his 55th birthday. The investment fund will be used to pay for Bob's retirement. If Bob makes no additional deposits into his investment fund, how much will be available for retirement at age 60? Since the amount in (a) is insufficient to meet his retirement goals, Bob decides to deposit equal annual amounts into the investment fund beginning on his 51st birthday and ending on his 59th birthday, so that he can meet his retirement goals. How much will each deposit be?
Financial leverage has to do with
A) the usage of fixed cost financial securities to finance a portion of a firm's assets. B) a high gross profit margin. C) the incurrence of fixed operating costs in the firm's income stream. D) using common stock to finance a portion of a firm's assets.
An increase in the firm's WACC will decrease projects' NPVs, which could change the accept/reject decision for any potential project. However, such a change would have no impact on projects' IRRs. Therefore, the accept/reject decision under the IRR method is independent of the cost of capital.
Answer the following statement true (T) or false (F)