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Card 6

Front

A tax shield is equal to the reduction in:

Back

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Card 7

Front

The recovery of an additional investment in working capital is assumed to:

Back

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Card 8

Front

Positive NPV projects exist because:

Back

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Card 9

Front

If sensitivity analysis concludes that the largest impact on profits would come from changes in the sales level, then:

Back

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Card 10

Front

If a firm earns the WACC as an average return on its average-risk assets, then:

Back

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Card 11

Front

When a corporation decides to issue long-term debt in order to pay for the acquisition of real assets, it has made a:

Back

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Card 12

Front

The value of a proposed capital budgeting project depends on the:

Back

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Card 13

Front

In capital budgeting analysis, an increase in working capital can be shown as:

Back

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Card 14

Front

The greater the ratio of variable costs to sales, the:

Back

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Card 15

Front

One common reason for partnerships to convert to a corporate form of organization is that the partnership:

Back

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