Describe what is meant by the statement, If youre not using estimates, youre not doing a valuation.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
This statement tell us the importance of estimation in valuation Estima...View the full answer
Answered By
Sandhya Sharma
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
4.90+
119+ Reviews
214+ Question Solved
Related Book For
Entrepreneurial Finance
ISBN: 978-0538478151
4th edition
Authors: J . chris leach, Ronald w. melicher
Question Posted:
Students also viewed these Finance questions
-
Describe what is meant by the term general- purpose financial statements. Discuss what group(s) benefit(s) from general purpose financial statements.
-
What is meant by the statement audit documentation ought to stand on its own? What is the importance of this concept?
-
Describe what is meant by the term chains of command?
-
Lucy, a 57-year-old widow, lost her husband in 2021. He was an active participant in the Federal Employees' Retirement System (FERS), and his FERS contributions totaled $27,000 at the time of his...
-
Illustrate how to resolve racemic 1-phenylethanamine (shown in the margin), using the method of reversible conversion into diastereomers.
-
Using the following information, prepare a bank reconciliation. Bank balance: $4,021 Book balance: $2,928 Deposits in transit: $1,111 Outstanding checks: $679 Bank charges: $35 Notes...
-
Adil & Bazhenskiy uses sales, cash receipts and general journals in its accounting system. The firm also maintains an accounts receivable subsidiary ledger, which contained the following accounts on...
-
1. What opportunity did Nach Waxman identify when founding Kitchen Arts & Letters? 2. What are the business-definition aspects of KA&L (offer, target market, capability, problem solving)? 3. What is...
-
3. As. Mr. Cartwright's financial advisor, would you urge him to go ahead with, or to reconsider, his anticipated expansion and his plans for additional debt financing? As the banker, would you...
-
COP) Natural Gas and Gas Products Department (NG& GP) man-ages all of the companys activities relating to the gathering, purchasing, processing, and sale of natural gas and gas liquids. Chris...
-
What is a ventures present value? Does the past matter?
-
Define the terms explicit forecast period and terminal or horizon value as they relate to a ventures discounted cash flow valuation.
-
Create a new concrete class that implements MyMap using open addressing with double hashing. For simplicity, use f(key) = key % size as the hash function, where size is the hash-table size....
-
The following data are for Huang Wong Ping Retail Outlet Stores. The account balances (in thousands) are for 2017. 1. Compute (a) the cost of goods purchased and (b) the cost of goods sold. 2....
-
The Howell Corporation has the following account balances (in millions): Prepare an income statement and a supporting schedule of cost of goods manufactured for the year ended December 31, 2017. (For...
-
On October 1, 2017, Gordon borrows \($150\),000 cash from a bank by signing a three-year installment note bearing 10% interest. The note requires equal payments of \($60\),316 each year on September...
-
Use the financial data for Randa Merchandising, Inc., in Exercise 13-13 to prepare its income statement for calendar-year 2017. (Ignore the earnings per share section.) Data From Exercise 13.13 In...
-
Assume the same data as given in problem 9, except the company expects the following production: Case A: 300 bbl per month Case B: 500 bbl per month REQUIRED: a. Determine the number of months needed...
-
Write the basic steps to be followed to work with JDBC.
-
X-1 Find the domain of the function f(x) : x 1 2 - O (-00, -1) U (-1, ) O (-00, 1) U (1, ) O -00, -1) U (-1, 1) U (1, 0) O (- 1, 1)
-
Bundesbanks Weidmann Opposes ECBs QE Jens Weidmann, president of Bundesbank, Germanys central bank, believes that the European Central Banks (ECB) monetary expansion policy could do more harm than...
-
If a company has beginning inventory of $30,000 and ending inventory of $55,000, compute its average inventory. If the COGS are $140,000, compute its inventory turnover and determine how many days...
-
Samantha Knight is applying for a small-business loan. She provides the bank with the following information: cash in checking accounts, $5,000; cash in savings, $10,350; home market value, $145,500;...
-
Using both the balance sheet (Table 4-4) and the income statement (Table 4-7) for the MLC, answer the following: a. Calculate the following ratios for 2013: inventory turnover, fixed asset turnover,...
-
If f(x) = x-9 and g(x) = x + 3x, complete parts (a) (f+g)(x)= 2x+3x-9 (Simplify your answer. Do not factor.) (b) (f-g)(x)=-9-3x (Simplify your answer. Do not factor.) 3 (c) (f-g) (Simplify your...
-
Your portfolio which consists of 46% of stock J, and 54% of stock K. J has daily Standard Deviation 3% while K has daily Standard Deviation 4%. The correlation of two stocks is -0.6. What is the 1...
-
Add as indicated. Write all answers in lowest terms. 3 - + 2 X X-7 3X 2 = X-7 (Simplify your answer.)
Study smarter with the SolutionInn App