My competitors have an average Enterprise value / adjusted EBITDA = 10.  My firm has the following data EBIT = $1300 Depreciation & Amortization = $300 One-time restructuring expense = $400 Debt = $4000 Cash = $1000 Note that adjusted EBITDA adjusts the EBITDA measure for one-time expenses or gains If you believe the other competitors are good comps (comparable firms), given this data we can say that the implied value of equity based on an EBITDA multiple is

Venture Capitalists (VCs) finance early stage companies.  When it comes to VC financing of early stage firms a) The smart way to fund an early stage business is for the VC to provide sufficient funding today to finance the anticipated costs of all stages of development of a firm’s product b) The smart way to fund an early stage business is for the VC to buy convertible preferred stock sold by the early stage firm rather than investing in common stock of the firm.  Convertible preferred financing means that should the firm become successful, the entreprenuer who founded the company will be able to keep a greater percentage of the common stock (relative to the case common stock financing).  This gives the entrepreneur more control if things go well and also keeps in mind that the entrepreneur may be overly optimistic about his or her own firm value and want more upside potential to do a deal. c) a) and b) d) none of the above

Is it necessary to monitor arterial pressure during endovascular interventions?

Identify the ECG abnormality as depicted below in V2.  

Download and use this blank Excel sheet for calculations (if needed).

A firm enters into a 10 year equipment lease, with rent payments of $1 million a year due at the end of each year.  The lease runs over the entire life of the equipment and the equipment has no residual value at the end of the lease:  it’s a financial lease.  The firm’s typical borrowing rate for secured debt is 5%. a) The firm has a debt liability equal to $8.45 million b) The firm’s total expense relating to the equipment lease will be interest expense plus straight line depreciation expense on the equipment and in the first year of  lease the total expense will exceed $1 millon. c) a) and b) d) none of the above

When a US restaurant chain expands internationally, the most common arrangement is to license the concept with international partners owning all or most of the restaurants and the US firm getting a percentage of sales a) This reflects the fact that US firms often lack expertise and the ability to direct management in foreign countries that may need to make menu adjustments for local customs and may have differing work rules and cultural issues than in the USA.  Foreign ownership means those in charge have the proper incentives to juse their local knowledge to achieve success. b) This may reflect that US firms are not as concenred about potential hits to their brand and reputation in the US from low quality foreign units when they relinquish control of foreign operations c) both a) and b) d) none of the above

Which of the following is true regarding DSA (digital subtraction imaging)?

Which of the following are symptoms of subclavian artery obstruction?

The management of a firm seeking to do an acquisition might want to use stock to pay for shares of an acquisition target firm a) To enable shareholders of the target firm to avoid capital gain taxes today and thereby allow management to negotiate a lower takeover price b) to insure the firm doesn’t wind up with too much debt when the target firm is as large as the acquiring firm c) when the acquiring firm’s management views their own stock as being overvalued d) All the above e) a) and b) f) a) and c) g) b) and c) h) none of the above