Write a counterargument for the following statement:  Young people make poor decisions about their futures, so parents should make these decisions for them.

Some may claim that videogames are educational.

Choose the sentence that best combines the ideas of the shorter sentences. There are new academic rules regarding honesty. The rules were established in January. The rules are considered inadequate by professors.

What is the thesis statement?

Use Last FAD’s financial statements for the following 3 questions. Last Fad Corporation Balance Sheet (in $Millions) Assets Last Year Current Year Current assets Cash $ 213 $ 281 Accounts receivable 457 461 Inventory 665 554 Total $ 1,335 $ 1,296 Fixed assets PP&E $ 5,124 $ 6,428 Accumulated dep. 909 1,274 Net PP&E $ 4,215 $ 5, 154 Total assets $ 5,550 $ 6,450 Liabilities & Owner’s Equity Last Year Current Year Current liabilities Accounts payable $ 385 $ 445 Notes payable 201 201 Total $ 586 $ 646 Long-term debt $ 2,998 $ 3,015 Total liabilities $ 3,584 $ 3,661 Owners’ equity $ 1,966 $ 2,789 Total liab. and equity $ 5,550 $ 6,450 Last Fad Corporation Current Year Income Statement (in $Millions) Sales $ 2,877 Cost of goods sold 1,012 Depreciation 365 Earnings before interest and taxes $ 1,500 Earnings before taxes $ 1,500 Taxes 520 Net income 980 Retained earnings $ 823 Dividends $ 157  

You are evaluating a perpetuity that pays $5,000 annually. If the discount rate is 8%, what is the present value of this perpetuity?

You are buying a home for $200,000 with no down payment. What will be your monthly payment on a 30-year fixed-rate mortgage at 6%?

A times interest earned ratio of 7.0 indicates that the firm

Refer again to the pro forma financial statements above. Assume now that net fixed assets are projected to be 5,000 for 20X9 and that total shareholders’ equity is projected to be 5,500 for 20X9. If long-term debt is the plug figure for the DFN, what should be the projection for long-term debt in 20X9? (Hint: ignore the $1,046 that was previously listed as the forecast for long-term debt in 20×9) 

Last FAD has a WACC of 8%. Using the financial statements of Last FAD, what is their EVA (Economic Profit) for the current year?