The CEO of Buffalo Bob’s Chicken Wings is considering selling his firm. She estimates that the firm’s current year equity cash flow is $4 million. She asks her CFO to create several estimates of the firm’s value. Scenario 1 is to be based on a 4% annual growth rate; the second scenario is to reflect a 6% annual growth rate for the next five years and 3% thereafter. The firm’s cost of equity for both scenarios is estimated to be 10%.What is the value of the firm under Scenario 1 and Scenario 2?

Minneapolis federal reserve bank economist edward prescott estimates the elasticity of the u. s. labor supply to be 3. given this elasticity, what would be the impact of funding the social security program with tax increases on the number of hours worked and on the amount of taxes collected to fund social security?

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

In a chapter 7 bankruptcy, a debtor: