Burger time, a fast food restaurant based in dallas, texas, has more than 5,000 locations across the united states. bud harris founded the restaurant in 1965 and the restaurant’s popularity provided steady growth and expansion to new cities. you have been working at burger time for many years as executive vice president of business development and mr. harris values your opinion. recently mr. harris approached you and executive vice president, courtney lewis, about expanding burger time overseas. mr. harris feels burger time has saturated the u. s. market as revenues have remained stagnant for the last several years. new menu items have spurred temporary growth, but mr. harris feels that sustained growth can only occur if burger time is introduced to a new market. he is anxious to see revenue growth soon.

Answer the following questions with true or false and provide a brief explanation (2- 3 sentences) a) economies of scale in production give rise to multi-product firms. b) ace hardware corporation is an example of economies of scale in production.

Examine the following book-value balance sheet for university products inc. the preferred stock currently sells for $30 per share and pays a dividend of $3 a share. the common stock sells for $16 per share and has a beta of 0.9. there are 2 million common shares outstanding. the market risk premium is 9%, the risk-free rate is 5%, and the firm’s tax rate is 40%. book-value balance sheet (figures in $ millions) assets liabilities and net worth cash and short-term securities $ 2.0 bonds, coupon = 6%, paid annually (maturity = 10 years, current yield to maturity = 8%) $ 5.0 accounts receivable 3.0 preferred stock (par value $15 per share) 3.0 inventories 7.0 common stock (par value $0.20) 0.4 plant and equipment 21.0 additional paid-in stockholders’ equity 13.6 retained earnings 11.0 total $ 33.0 total $ 33.0 a. what is the market debt-to-value ratio of the firm? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.) b. what is university’s wacc? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false