The management of Florida Phosphate Industries (FPI) is planning next year’s capital budget. The company’s earnings and dividends are growing at a constant rate of 8%. The expected dividend one year from now, D1, is $1; and the current stock price is $10. FPI can raise new debt at a 10% before-tax cost. FPI is at its optimal capital structure, which is 40% debt and 60% equity, and the firm’s marginal tax rate is 30%. FPI hasthe following independent, indivisible, and equally risky investment opportunities:

Project Cost ROR
A $15,000 16%
B 15,000 14
C 12,000 13
D 20,000 11

Which projects should the company pursue?

Abank provides its customers mobile applications that significantly simplify traditional banking activities. for example, a customer can use a smartphone to take a picture of a check and electronically deposit into an account. this unique service demonstrates the bank’s desire to practice which one of porter’s strategies?

Example1 lcnrv: ted company uses the lower of cost or nrv method in valuing its inventory items. the inventory at december 31, 2017, consists of products a, b and c, each having 1,000 units. relevant unit data for these products appear below: item a item b item c cost $ 80 $80 $80 estimated selling price 180 100 90 estimated selling cost 30 30 30 required: using the lower of cost or net realizable value rule, determine the proper value of inventory for balance sheet reporting purposes at december 31, 2017. prepare any necessary journal entry. apply the lower of cost or nrv method: • on an individual inventory basis; • on a group basis; • on a total inventory basis. solution worksheet: inventory (on an individual basis): inventory value item nrv cost lc- item a item b item c total inventory (on a group basis): inventory value item nrv cost lc- group 1 (item a and b) group 2 (item c) total inventory (on an aggregate inventory basis): inventory value item nrv cost lc- total inv

What should an entrepreneur try to convey to a venture capitalist during a pitch to try to get him or her to invest in the entrepreneur's company or idea?