Chapter 11 bankruptcies, which are filed by businesses:
a. force the sale of all business assets
b. wipe the slate clean of debts for a business and allow it to continue operating c. make the business property of the state until liquidated
d. prohibits the firm from starting any new operations, and it must wind up all old business e. none of the other choices
e
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In reconciling a bank statement, the bank balance is $1,500, and the checkbook balance is $2,105. Which of the following is the most probable reason for the checkbook balance being larger than the bank balance?
A) The bank has not cleared certain outstanding checks. B) The bank has added interest revenue to the account balance. C) A deposit in transit was made at the end of the month. D) The bank received an EFT from a customer.
Why might the inclusive method of brand valuation be the best way determine a brand's true value?
What will be an ideal response?
Which of the following statements is true of the capital structure of companies in Germany?
A. Companies in Germany use the lowest proportion of debt of industrialized countries. B. Companies in Germany use only equity to finance their projects. C. The corporate debt raised by companies in Germany mostly consists of publicly issued bonds. D. Debt monitoring costs are high in Germany because of stringent audit requirements. E. Companies in Germany raise most of their corporate debt through bank loans.
What is the IRR of the F-22 Raptor project? The Lockheed Martin/Boeing F-22 Raptor is a stealth fighter aircraft. It was designed primarily as an air superiority fighter, but it is also capable of ground attack and other roles
Lockheed Martin Aeronautics is the prime contractor and is responsible for the majority of the airframe, weapon systems and final assembly. Lockheed Martin invested over $10B on design and manufacturing for the aircraft. Assume that those investments were paid for on Jan 1, 2003. Each aircraft will be sold for $350M and the variable cost of building each airplane is $300M. Assume that 70 aircraft will be sold each year for 5 years. Thus annual revenues are $24.5B and annual costs are $21B. Assume that revenues and costs occur at year-end with the first year of operating cash flows occurring on Dec 31, 2003. Lockheed-Martin's cost of capital is 10% and the NPV of the project is $3.268B. What is the IRR of the project?(Assume that there are no taxes.) Date Investments Revenues Costs Jan. 1, 2003 -$10B Dec. 31, 2003 $24.5B $21B Dec. 31, 2004 $24.5B $21B Dec. 31, 2005 $24.5B $21B Dec. 31, 2006 $24.5B $21B Dec. 31, 2007 $24.5B $21B A) 7.24% B) 8.50% C) 9.76% D) 10.50% E) 22.11%