SaaS ERP solutions are "instant on" products, which require minimal training and reengineering of workflows compared to on-premise versions
Indicate whether the statement is true or false
FALSE
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Budgeted cash payments for inventory would appear on the:
A. capital budget and pro forma statement of cash flows. B. cash budget and pro forma balance sheet. C. inventory purchases budget and pro forma statement of cash flows. D. inventory purchases budget and the pro forma income statement.
When your audience will be receptive or open minded to the data in your report, which approach is most effective?
A) Persuasive B) Direct C) Analytical D) Indirect E) Proposals
To prove usurping by a director or an officer, a corporation must have the financial ability to take advantage of the usurped opportunity
Indicate whether the statement is true or false
Exhibit 10.1 Assume that you have been hired as a consultant by CGT, a major producer of chemicals and plastics, including plastic grocery bags, styrofoam cups, and fertilizers, to estimate the firm's weighted average cost of capital. The balance sheet and some other information are provided below. Assets Current assets$38,000,000Net plant, property, and equipment$101,000,000Total assets$139,000,000? Liabilities and Equity Accounts payable$10,000,000Accruals$9,000,000Current liabilities$19,000,000Long-term debt (40,000 bonds, $1,000 par value)$40,000,000Total liabilities$59,000,000Common stock (10,000,000 shares)$30,000,000Retained earnings$50,000,000Total shareholders' equity$80,000,000Total liabilities and shareholders' equity$139,000,000The stock is currently selling for $17.75 per
share, and its noncallable $3,319.97 par value, 20-year, 1.70% bonds with semiannual payments are selling for $881.00. The beta is 1.29, the yield on a 6-month Treasury bill is 3.50%, and the yield on a 20-year Treasury bond is 5.50%. The required return on the stock market is 11.50%, but the market has had an average annual return of 14.50% during the past 5 years. The firm's tax rate is 40%. Refer to Exhibit 10.1. What is the best estimate of the firm's WACC? Do not round your intermediate calculations. A. 11.26% B. 11.74% C. 12.11% D. 12.59% E. 12.97%