Suppose that in January 2006, Kenneth Cole Productions had sales of $518 million, EBITDA of $55.6 million, excess cash of $100 million, $3 million of debt, and 21 million shares outstanding. Sales 518.00EBITDA 55.60Cash 100.00Debt 3.00Shares outstanding 21(a) Using the average enterprise value to EBITDA multiple in Table 1, estimate KCP’s share price.(b) What range of share prices do you estimate based on the highest and lowest enterprise value to EBITDA multiples in Table 1? (high/low prices)(c) Using the average enterprise value to sales multiple in Table 1, estimate KCP’s share price.(d) What range of share prices do you estimate based on the highest and lowest enterprise value to sales multiples in Table 1? (high/low)Stock Prices and Multiples for the Footwear Industry, January 2006 (TABLE 1) Ticker Name Stock Market Enterprise P/E Price Enterprise Enterprise . Price ($) Cap Value /Book Value/ value/ ($ millions) ($ millions) Sales EBITDA NKE Nike 84.2 21,830 20,518 16.64 3.59 1.43 8.75PMMAY Puma AG 312.05 5,088 4,593 14.99 5.02 2.19 9.02RBK Reebok 58.72 3,514 3,451 14.91 2.41 0.9 8.58WWW Wolverine World Wide 22.1 1,257 1,253 17.42 2.71 1.2 9.53BWS Brown Shoe 43.36 800 1,019 22.62 1.91 0.47 9.09SKX Sketchers 17.09 683 614 17.63 2.02 0.62 6.88SRR Stride Rite 13.7 497 524 20.72 1.87 0.89 9.28DECK Deckers Outdoor 30.05 373 367 13.32 2.29 1.48 7.44WEYS Weco Group 19.9 230 226 11.97 1.75 1.06 6.66RCKY Tocky Shoes & Boots 19.96 106 232 8.66 1.12 0.92 7.55DFZ R. G. Barry Corp. 6.83 68 92 9.2 8.11 0.87 10.75BOOT LaCross Footwear 10.4 62 75 12.09 1.28 0.76 8.3

When someone buys a fourth television for his or her house, what is the result? a. there's a decrease in the marginal utility of the television. b. the increase in demand brings leads to higher prices for televisions. c. the production of televisions becomes more efficient. d. there's a rise in the opportunity cost of buying other goods.

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?

What would not cause duff beer’s production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand