At the beginning of the year, goldenrod had beginning inventory of 2,000 scooters. goldenrod estimates it will sell 5,000 units during the first quarter of the current year, with a 10% increase in sales each quarter. it is goldenrod’s policy to maintain an ending inventory equal to 20% of the next quarter’s budgeted sales. each scooter costs $100 to produce and sold for $150. how much is the budgeted sales revenue for the third quarter of the current year?

Costs of production that do not change when output changes. question 17 options: total revenuefixed incometotal costfixed cost

Examine the following book-value balance sheet for university products inc. the preferred stock currently sells for $30 per share and pays a dividend of $3 a share. the common stock sells for $16 per share and has a beta of 0.9. there are 2 million common shares outstanding. the market risk premium is 9%, the risk-free rate is 5%, and the firm’s tax rate is 40%. book-value balance sheet (figures in $ millions) assets liabilities and net worth cash and short-term securities $ 2.0 bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 8%) $ 5.0 accounts receivable 3.0 preferred stock (par value $15 per share) 3.0 inventories 7.0 common stock (par value $0.20) 0.4 plant and equipment 21.0 additional paid-in stockholders’ equity 13.6 retained earnings 11.0 total $ 33.0 total $ 33.0 a. what is the market debt-to-value ratio of the firm? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is university’s wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

Why should managers invest any excess cash