Which of the following financial statements reports that total assets are equal to total liabilities plus total stockholders' equity?
A) Statement of retained earnings
B) Statement of cash flows
C) Income statement
D) Balance sheet
D
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A balance sheet provides a statement of one's financial:
A. position. B. performance. C. goals. D. ratios. E. history.
When discounting cash flows, it is important that only the ________, after-tax cash flows be used
A) monthly B) annual C) incremental D) total
MegaCorp wishes to sell $25 million of securities. The only investors will be 20 unaccredited investors. Which of the following applies to this offering?
A)Rule 504, option 1 of Regulation D of the 1933 Act. B)Rule 505 of Regulation D of the 1933 Act. C)Rule 506 of Regulation D of the 1933 Act. D)Rule 504, option 2 of Regulation D of the 1933 Act.
In this example, we are estimating the net present value of introducing a new drug to market. We have the following information about the market:
· The market size is 1,000,000 and is projected to grow at an average of 5%, with a standard deviation of 1%, over the next ten years.· The market share captured at entry is projected to be between 20% and 70%, with most likely value 40%.· Three competitors may enter the market in the future, with each one having a 40% probability of entry per year.· For each new competitor per year, the market share goes down by 20%.· The marginal profit per unit is $1.80.· We want to evaluate the project over ten years, using a discount rate of 10%. Suppose this new drug will cost $3 million to develop. What is the chance that we could lose money on this project? What will be an ideal response?