2. Good Time Company is a regional chain department store. It will remain in business for one more year. The probability of a boom year is 60 percent and the probability of a recession is 40 percent. It is projected that the company will generate a total cash flow of $185 million in a boom year and $76 million in a recession. The company’s required debt payment at the end of the year is $110 million. The market value of the company’s outstanding debt is $83 million. The company pays no taxes. a. What payoff do bondholders expect to receive in the event of a recession? b. What is the promised return on the company’s debt? c. What is the expected return on the company’s debt?

The movement of an economy from one condition to another and back again

Blank is the internal operation that arranges information resources to support business performance and outcomes

Match the terms with the appropriate definition. 1. work done for pay job 2. series of related jobs based on knowledge, training, tasks performed, interests, and experience career 3. buying or selling products and services using the internet mediation 4. wage amount after deductions are withheld net wage 5. a way a person chooses to live his or her life e-commerce 6. the people who are both able and willing to work technology 7. unequal treatment of others based on a bias concerning a person’s characteristics such as race, religion, gender, or age discrimination 8. the act of sharing information lifestyle 9. the use of a third party to make suggestions workforce 10. knowledge and tools used to perform tasks communication