Rather than simply comparing government revenues and tax receipts, analysts are sometimes interested in the "cyclically adjusted" budget balance. What does it mean to consider the cyclically adjusted budget balance? The cyclically adjusted budget balance accounts for decreases in tax revenues that occur during economic expansions and increases in tax revenues that occur during recessions. The cyclically adjusted budget balance accounts for what the budget balance would be in terms of the total value of goods and services produced in an economy at the potential output. The cyclically adjusted budget balance accounts for what the budget balance would be in terms of spending patterns attributable to variations in the lunar cycle. The cyclically adjusted budget balance accounts for what the budget balance would be in terms of changes in the budget attributable to a university presidential election cycle.

Asavings account that pays interest every 3 months is said to have a interest period

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.

Post test question number 9 for entering the job market