The berndt corporation expects to have sales of $12 million. costs other than depreciation are expected to be 75% of sales, and depreciation is expected to be $1.5 million. all sales revenue will be collected in cash, and costs other than depreciation must be paid for during the year. berndt's federal-plus-state tax rate is 40%. berndt has no debt. a. set up an income statement. what is berndt's expected net cash flow? b. suppose congress changed the tax laws so that berndt's depreciation expenses doubled. no changes in operational occurred. what would happen to reported profit and to net cash flow? c. now suppose that congress changed the tax laws such that, instead of doubling berndt's depreciation, it was reduced by 50%. how would profit and net cash flow be affected? d. if this were your company, would you prefer congress to cause your depreciation expense to be doubled or halved? why?

Employees at a library check out books to patrons. books have an isbn and a name. the library sometimes has multiple copies of the same book. books have one or more authors. a patron is an individual who has an active (non-expired) library card. for each library card, we store the person's first and last names and their address. for each employee, we store their employee id, current salary, first and last name and their address. we also store the employee id of their current manager. each time we check out a book to a patron we need to store the date of the transaction, the employee who checked out the book to the patron, and the library card of the patron. some employees have library cards. if an employee patron turns in a book late, the fine that they pay is a percentage of their salary. some employees are authors who have library cards—they are allowed to check out as many books as they like.

Kumar consulting operates several stock investment portfolios that are used by firms for investment of pension plan assets. last year, one portfolio had a realized return of 12.6 percent and a beta coefficient of 1.15. the average t-bond rate was 7 percent and the realized rate of return on the s& p 500 was 12 percent. what was the portfolio's alpha?

Under t, the point (0,2) gets mapped to (3,0). t-1 (x,y) →