Cuban plans to sell one-time-only special edition Luka Doncic jerseys at a price of $100 each in his vacation resort. The production cost for each of these jerseys would be $55 thanks to their golden details, and any unsold jersey at the resort will simply be donated to an orphanage. Cuban estimates the demand for the jerseys during in the resort by the following distribution, with P(·) being the probability distribution. Number of Jerseys P(Number of Jerseys)
30 0.10 60 0.25 90 0.40 120 0.20 150 0.05
Calculate the expected profit (that is, maximum expected revenue minus the expected demand- supply mismatch cost) Cuban would make if he produces newsvendor-optimal number of jerseys.

Assume today is december 31, 2013. barrington industries expects that its 2014 after-tax operating income [ebit(1 – t)] will be $400 million and its 2014 depreciation expense will be $70 million. barrington's 2014 gross capital expenditures are expected to be $120 million and the change in its net operating working capital for 2014 will be $25 million. the firm's free cash flow is expected to grow at a constant rate of 4.5% annually. assume that its free cash flow occurs at the end of each year. the firm's weighted average cost of capital is 8.6%; the market value of the company's debt is $2.15 billion; and the company has 180 million shares of common stock outstanding. the firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. using the corporate valuation model, what should be the company's stock price today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations.

Kendrick is leaving his current position at a company, and charlize is taking over. kendrick set up his powerpoint for easy access for himself. charlize needs to work in the program that is easy for her to use. charlize should reset advanced options

Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.