Your​ start-up company needs capital. Right​ now, you own 100% of the firm with

10.0 million shares. You have received two offers from venture capitalists. The first offers to invest $3.00 million for 1.00 million new shares. The second offers $2.00 million for 500,000 new shares.

a. What is the first​ offer's post-money valuation of the​ firm?

b. What is the second​ offer's post-money valuation of the​ firm?

c. What is the difference in the percentage dilution caused by each​ offer?

Offer 1 dilution will be

Offer 2 dilution will be

d. What is the dilution per dollar invested for each​ offer?

Offer 1 dilution will be

Offer 2 dilution will be

C++

Write a program that asks a teacher to input a student’s first name, last name, and four test scores. The program should find the average of the four test scores and should then write the following information to a file named “students.txt”

last_name

first_name

average

A student's first name of “XX” should be used as a sentinel value and no numeric grades less than 0 or greater than 100 should be accepted.  The program should then read the information in for the file “students.txt”, and for each student display the following on the monitor:

first_name last_name    average

first_name last_name    average

…

Number of students        n

Overall average:               nn.n

Note: all averages should be displayed with one decimal position

10. Jack, Jill and James own a CPA firm (Smith, Smith, Bond and Co., LLC), which is taxed as a partnership, and where each work full-time. Each contributed cash of $100,000 to the firm in 2019 at its beginning. The firm in the first year made $40,000 in profit in its first year. Profits and losses are split three ways.

The partnership has the following forms of debt: Nonrecourse: $30,000 Recourse: $150,000 (The recourse debt was secured 100% by James) Qualified Nonrecourse Mortgage: $600,000

a. Calculate the total basis (including debt basis) for each partner.

b. Calculate the at-risk amount limitation

c. Calculate the passive loss limitation for each partner.

Below is a table that represents price, output, cost, revenue and profit data for a monopoly.

(a) Fill in the missing numbers for Firm B. Note: there are no numbers for MR and MC when Q=0. When output level is 4, the Average Total Cost is $320. When output level is equal to 8 the Total Variable Cost is equal to $700.

(b) At which unit of output does this Firm first start to experience Diminishing Marginal Returns (also know as Decreasing Marginal Returns). Explain your answer.

(c) Determine the TFC for Firm B. Explain how you got your answer.

(d) If this firm is to produce in the Short Run, then determine the output where this firm maximizes its profits or minimizes its loss. Using MC and MR, explain your answer.

(e) ) If this firm is to produce in the Short Run, then determine its best profit number.

(f) If this firm shuts down in the Short Run, what is this firm's profit number?

(g) Will this firm produce or shut down in the short run? Please explain your answer.

(h) What will this firm do in the long run: stay or leave? Please explain your answer.

1. ABC corporation has existing property and equipment that is not in use. The company is considering the use of this property and equipment. One option is to use the property and equipment to produce a new product. Estimates for demand of this product are 30,000 units annually for the first 5 years and 20,000 units annually for the following 6 years. Beyond that, the product is considered to be obsolete and production will cease. Price and variable costs would be $100 and $65, respectively. Fixed costs would be $225,000 per year. If they take this option, they must buy additional equipment for a total of $2 million. This equipment will be depreciated straight-line over a 15 year period of time. When the project is ended (in 11 years), it is expected they will be able to sell the equipment for $130,000. This option also requires an initial net working capital investment of $400,000. This initial NWC investment can be reduced to $300,000 when sales drop (i.e. from year 5 to year 6). The net working capital will be fully recouped at the end of the project. This project is riskier than the average project for the company. Management has determined that the appropriate discount rate to use will be 12%.
   1. What is this project’s OCF for years 1-5?
   2. What is this project’s OCF for years 6-11?
   3. What is this project’s FCF for year 0?
   4. What is this project’s FCF for years 1-5?
   5. What is this project’s FCF for year 6?
   6. What is this project’s FCF for years 7-10?
   7. What is this project’s FCF for year 11?
   8. What is the project’s NPV?
   9. What is the project’s break-even price?
   10. Does this company have the internal resources to finance this project?
       • Yes
       • No

Vandelay Industries is evaluating a project that costs $1,350,000 and has a 20 year life. Depreciation will be straight-line to zero over the life of the project. Management believes they will be able to sell the equipment at the end of the project for $50,000. Sales are projected to be 50,000 units in the first year, 70,000 units in the second year, and 25,000 units for all additional years. Price per unit is $34.50, variable cost per unit is $15.50 and fixed costs are $300,000 per year. The project also requires an initial investment in net working capital of $150,000 and for the project to maintain a net working capital balance equal to $150,000 plus 15% of sales while the project is ongoing. All net working capital will be recouped at the end of the project. This project will have an additional spillover effect that will impact existing sales negatively. The net pre-tax impact of the spillover effect will be -$75,000 per year. This project will also have a positive spillover effect. Specifically, the project will generate additional sales of 100 units of an existing product at a price of $15 each. The existing product has variable costs of $9 and fixed costs of $5,000 per year. The company’s marginal tax rate is 35%. The required return on similar projects is 11%.

1) What is the project’s NPV?

2) What is the project’s payback period?

3) What is the project’s profitability index?

4) Why might this company decide to pursue this project?

Please show all steps clearly. Thank you.

1.  Suppose you are the Manager of a firm which employs both capital and unskilled labor and pays that labor the current Federal minimum wage of $7.25 per hour.  With the isoquant and isocost tools of economics explain the effects on your firm and/or what you would do when President Joe Biden (help us, Lord!) and his Democrat buddies in Congress increase the minimum wage to, say, $15 per hour.

2.  a.  What is the difference between economies of scale and returns to scale?

     b.  What is the major or most important reason for economies of scale?

     c.  Why is the law of diminishing returns important?

     d.  How would a decrease of capital affect a firm’s short-run production function?

3.  Suppose you are the new Manager of Kramerica Korporation, a firm which makes large rubber bladders for oil tankers with two inputs capital and labor.  On your first day, you discover that the marginal product of capital is 1,000, the price of capital or rent is $100, the marginal product of labor is 500 and the price of labor or the wage rate is $25.  Based on these numbers,

     a.  Is Kramerica employing its two inputs optimally?  How do you know?

     b.  What would you do as the new Manager, and why?  Be specific!

4.  Define the following concepts.

     a.  production function                                                                           f.  isoquant

     b.  short-run                                                                                             g.  isocost

     c.  long-run                                                                                               h.  technical efficiency

     d.  law of diminishing returns                                                               i.  economic efficiency

     e.  minimum efficient scale                                                                   j.  fixed cost

40. Select one:

a. Increasing the amount of space allocated to this category, since it has a very good space productivity index.

b. Reducing the amount of space allocated to this category, since it is underperforming.

c. Firing the buyer, because 1.65 is a very poor space productivity index number.

d. Moving the product class to a more visible location within the store in hopes of improving the department’s weak performance.

e. Lowering the price of the merchandise in this department in order to boost its sales per sq. ft., which will improve its index.

51. Merchandise management is one aspect of customer service that should be carefully managed for the reasons listed EXCEPT which one?

Select one:

a. To be able to always be a leader with new product trends.

b. Manage markdowns regularly to ensure slow-sellers are moved out and inventory is fresh.

c. Make sure you have sufficient inventory in stock to sell to avoid stockouts.

d. For apparel, always make sure you have a full range of sizes for each style.

e. Maintain an assortment of products that your customer expects.

54. Consider these 3 pairs of retailers: 1. Costco & 99¢ Store; 2. Macy's and Safeway; and 3. Saks 5th Avenue & Tiffany. What 3 pricing policies have these retailers adopted, in order?

Select one:

a. Below market; market; above market

b. Economy, standard, luxury

c. Competitive, discount, skimming

d. Low ball, middle ball, high ball

e. Discount, standard, high-end

55. Percentage markup on retail price equals:    

Select one:

a. initial markup - maintained markup.    

b. (retail price – cost price) / retail price    

c. 100 percent - percentage markup on cost.    

d. markup/cost.    

e. percentage markup on retail price/(100 percent - percentage markup on selling price).

a firm has a capital structure of 100% equity. An analyst has estimated the firm's beta as 1.20, and current market conditions feature a risk free rate of 2%, and a market portfolio risk premium of 6%. The firm is considering the following project: Invest $60 million today , The project will have a cash flow of $5 million in the first year, and cash flow will grow by 5% each year for a 20-year period.

A family has a $ 113,739 25​-year mortgage at 5.4 % compounded monthly. ​(A) Find the monthly payment and the total interest paid. ​(B) Suppose the family decides to add an extra​ $100 to its mortgage payment each month starting with the very first payment. How long will it take the family to pay off the​ mortgage? How much interest will the family​ save? ​(A) Monthly​ payment: ​$ nothing ​(Round to two decimal​ places.)