2. Bird Song Industries makes a bird seed that sets native song birds singing all day...

2. Bird Song Industries makes a bird seed that sets native song birds singing all day long. Its product has been discovered by the back-to-nature crowd around the world. As a result, Bird Song's executives expect free cash flow (FCF) to grow rapidly over the next 3 years. The forecast FCFs are $15 in 2020 (one year from now), $25 in 2021, with a jump to $40 in 2022. After 2022 Bird Song expects growth to slow to 2.0% per year in perpetuity. Bird Song's weighted average cost-of-capital (WACC) is 13%. What is Bird Song’s fundamental value?

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Bird Song Industries makes a bird seed that sets native song birds singing all day long....

Bird Song Industries makes a bird seed that sets native song birds singing all day long. Its product has been discovered by the back-to-nature crowd around the world. As a result, Bird Song's executives expect free cash flow (FCF) to grow rapidly over the next 3 years. The forecast FCFs are 25 in 2020 (one year from now), 40 in 2021, with a jump to 80 in 2022. After 2022 Bird Song expects growth to slow to 2.5% per year...

A shipment of 6 television sets contains 2 defective sets. A hotel makes a random purchase...

A shipment of 6 television sets contains 2 defective sets. A hotel makes a random purchase of 3 of the sets. If x is the number of defective sets purchased by the hotel, find the cumulative distribution function of the random variable X representing the number of defective. Then using F(x), find (a)P(X= 1) ; (b)P(0< X≤2).

Blaze Co. deposits all cash receipts on the day when they are received and makes all...

Blaze Co. deposits all cash receipts on the day when they are received and makes all cash payments by check. At the close of business on December 31, its Cash account shows a debit balance of $8,649. The company’s bank statement as of December 31 shows an ending cash balance of $17,151. The following information was also available. Outstanding checks as of December 31 total $4,476. Included with the bank statement was a debit memo in the amount of $250...

Maple Industries Inc. deposits all cash receipts on the day when they are received and it...

Maple Industries Inc. deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on December 31, its Cash account shows a debit balance of $18,719. The company’s bank statement as of December 31 shows an ending cash balance of $16,051. The following information was also available. • Outstanding checks as of December 31 total $2,326. • Included with the bank statement was a debit memo in...

Wright Company deposits all cash receipts on the day when they are received and it makes...

Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2017, its Cash account shows a $31,300 debit balance. The company’s May 31 bank statement shows $29,600 on deposit in the bank. The May 31 bank statement lists $290 in bank service charges; the company has not yet recorded the cost of these services. Outstanding checks as of May 31 total...

Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check.

Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank statement shows $29,861 on deposit in the bank. Ryan's comparison of the bank statement to its cash account revealed the following: Deposit in transit 3,750 Outstanding checks 1,458 Additionally, a $56 check correctly written and recorded by the company was recorded by the bank as a $65 deduction. The adjusted cash balance per the bank records should be:...

Wilcox Mills is a manufacturer that makes all sales on 30-day credit terms. Annual sales are...

Wilcox Mills is a manufacturer that makes all sales on 30-day credit terms. Annual sales are approximately $30 million. At the end of year 1, accounts receivable were presented in the company's balance sheet as follows. Accounts receivable from clients $ 3,100,000 Less: Allowance for doubtful accounts 80,000 During year 2, $195,000 of specific accounts receivable were written off as uncollectible. Of these accounts written off, receivables totaling $19,000 were subsequently collected. At the end of year 2, an aging...

2. If the data represent all customers visiting one of the Pelican store in a day...

2. If the data represent all customers visiting one of the Pelican store in a day a. Estimate a 97% confidence interval estimate for the age of customers. b. Estimate a 96% confidence interval estimate of the proportional of customers who paid by the Proprietary Card.

2. Students sometimes delay doing laundry until they finish their problem sets. Assume all random values...

2. Students sometimes delay doing laundry until they finish their problem sets. Assume all random values described below are mutually independent. (a) A busy student must complete 3 problem sets before doing laundry. Each problem set requires 1 day with probability 2/3 and 2 days with probability 1/3. Let B be the number of days a busy student delays laundry. What is E(B)? Example: If the first problem set requires 1 day and the second and third problem sets each...

Six country music bands and 2 rock bands are signed up to perform at an all-day...

Six country music bands and 2 rock bands are signed up to perform at an all-day festival. How many different orders can the bands play in if the following conditions apply? (a) there are no restrictions on the order (b) all the bands of each type must perform in a row

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