The 2020 financial statements of Cullumber Company contain the following selected data (in millions). Current assets $89 Total assets 143 Current liabilities 31 Total liabilities 73 Cash 6 Interest expense 7 Income taxes 9 Net income 11 The debt to assets ratio (rounded) is

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

Problem 9-5. net present value and taxes [lo 1, 2] penguin productions is evaluating a film project. the president of penguin estimates that the film will cost $20,000,000 to produce. in its first year, the film is expected to generate $16,500,000 in net revenue, after which the film will be released to video. video is expected to generate $10,000,000 in net revenue in its first year, $2,500,000 in its second year, and $1,000,000 in its third year. for tax purposes, amortization of the cost of the film will be $12,000,000 in year 1 and $8,000,000 in year 2. the company’s tax rate is 35 percent, and the company requires a 12 percent rate of return on its films. required what is the net present value of the film project? to simplify, assume that all outlays to produce the film occur at time 0. should the company produce the film?

Why has the free enterprise system been modified to include some government intervention?