In january 2016, united airlines (ual) had a market capitalization of $ 20.57 billion, debt of $ 12.04 billion, and cash of $ 5.35 billion. united airlines had revenues of $ 39.68 billion. southwest airlines (luv) had a market capitalization of $ 27.62 billion, debt of $ 3.04 billion, cash of $ 3.16 billion, and revenues of $ 19.61 billion. a. compare the market capitalization-to-revenue ratio (also called the price-to-sales ratio) for united airlines and southwest airlines. b. compare the enterprise value-to-revenue ratio for united airlines and southwest airlines. c. which of these comparisons is more meaningful? explain.

The text states, “the committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen further improvement in the labor market….” why would the committee raise the federal funds rate as the labor market improves?

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:

73. calculate the weighted average cost of capital (wacc) based on the following information: the equity multiplier is 1.66; the interest rate on debt is 13%; the required return to equity holders is 22%; and the tax rate is 35%. (a) 15.6% (b) 16.0% (c) 15.0% (d) 16.6% (e) none of the above