CVS has an EBITDA of $45 million, debt of $100 million, and cash of $23 million. CVS also has 5 million shares of common stock outstanding, each selling for $43. CVS's Enterprise Value to EBITDA multiple is closest to:
Group of answer choices
7
5
9
11
Answers
The Enterprise Value to EBITDA multiple for CVS is 7. The correct answer is option A.
Enterprise Value (EV) is defined as the total value of the company, both debt, and equity capital. Therefore, in order to calculate Enterprise Value to EBITDA multiple, we need to take into account the following formula:
EV = Market value of equity + Debt – Cash
EBITDA multiple = EV/EBITDA
Market value of equity = 5 million shares x $43 per share = $215 million
Debt = $100 million
Cash = $23 million
EV = Market value of equity + Debt - Cash
EV = $215 million + $100 million - $23 million = $292 million
Next, we need to calculate EBITDA:
EBITDA = $45 million
The Enterprise Value to EBITDA multiple can be calculated by dividing EV by EBITDA:
EBITDA multiple = EV/EBITDA= $292 million / $45 million= 6.49 ~ 7 (rounded to the nearest whole number)
Therefore, the closest multiple to CVS's Enterprise Value to EBITDA multiple is 7 i.e. option A.
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Related Questions
Which of the following statements is accurate regarding the myRA Retirement Savings Program? The program is no longer accepting new enrollments Exis ting myRA accounts with a zero balance can remain open until further notice. Taxpayers must stop managing their accounts and withdraw all funds immediately Funds s in existing accounts will not remain in an investment issued by the U.S. Department of Treasury;
Answers
The accurate statement regarding the myRA Retirement Savings Program is The program is no longer accepting new enrollments. The correct answer is option a.
This means that individuals cannot enroll in the myRA program anymore. However, the other statements provided in the options are not accurate:
Existing myRA accounts with a zero balance can remain open until further notice: This statement is not accurate because the myRA program has been phased out, and existing accounts have been closed.Taxpayers must stop managing their accounts and withdraw all funds immediately: This statement is not accurate because the myRA program has been discontinued, and account holders have been instructed to take appropriate actions, including withdrawing funds and closing their accounts.Funds in existing accounts will not remain in an investment issued by the U.S. Department of Treasury: This statement is not accurate because once the myRA program ended, the funds held in the myRA accounts were transferred to Roth IRAs offered by private-sector financial institutions chosen by the account holders. The investments are no longer held by the U.S. Department of the Treasury.The correct answer is option a.
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Complete question
Which of the following statements is accurate regarding the myRA Retirement Savings Program?
a. The program is no longer accepting new enrollments
b. Existing myRA accounts with a zero balance can remain open until further notice.
c. Taxpayers must stop managing their accounts and withdraw all funds immediately
d. Funds s in existing accounts will not remain in an investment issued by the U.S. Department of Treasury;
What type of advertising aims to spread a particular social message or to promote public welfare?
A.
corporate advertising
B.
retail advertising
C.
product advertising
D.
public service advertising
Answers
Answer:
D, Public service advertisements
Explain the changes in economic systems and labor systems from 1450 to 1750. (Unit 4.4)
Answers
Despite the influence of European powers, economic systems like the Indian Ocean Trade Network and the Mit'a System mostly remained unchanged from 1450 to 1750.
However, Europeans also brought new types of labour to the Americas, notably the Hacienda System and chattel slavery.
Existing trade networks in the Indian Ocean continued to thrive and included intra-Asian trade and Asian merchants (such Swahili Arabs and Omanis), despite considerable disruption and reorganisation brought on by the advent of Portuguese, Spanish, and Dutch merchants.
In the Americas, newly established colonial economies relied heavily on agriculture and made use of pre-existing labour arrangements.
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On September 3, 2018, Able, a single individual, purchased § 1244 stock in Red Corporation from his friend Al for $60,000. On December 31, 2018, the stock was worth $85,000. On August 15, 2019, Able was notified that the stock was worthless. How should Able report this item on his 2019 tax return?
Answers
He should ask them why it was worthless then after a while of thinking maybe have and idea on how to use it again
Analyze the search engine optimization technique and what it is designed for. (Support all your answers with more research and examples.) digital business related question
Answers
Search Engine Optimization (SEO) is a digital marketing technique designed to improve a website's visibility and ranking in search engine results pages (SERPs). It involves optimizing various aspects of a website to make it more relevant and valuable to search engines, ultimately increasing organic (non-paid) traffic to the site.
The primary goal of SEO is to enhance a website's visibility in search engine results, making it easier for users to find when they search for relevant keywords or phrases. By improving the website's ranking, SEO helps drive targeted organic traffic, which can lead to higher conversions, increased brand awareness, and business growth.
There are several key elements and strategies involved in SEO:
Keyword Research: Identifying and targeting the right keywords is crucial for SEO success. Keyword research involves analyzing search volume, competition, and relevance to determine the most valuable keywords to target.
On-Page Optimization: This includes optimizing various on-page elements of a website, such as meta tags, headings, content, URL structure, and internal linking. On-page optimization ensures that search engines can understand the website's content and relevance to specific keywords.
Off-Page Optimization: Off-page optimization focuses on building high-quality backlinks from other reputable websites. Backlinks act as "votes of confidence" for search engines, indicating that the website is trustworthy and valuable.
Technical SEO: Technical SEO involves optimizing the website's technical aspects, including site speed, mobile-friendliness, crawlability, and indexing. Ensuring a technically sound website improves user experience and search engine accessibility.
Content Marketing: Producing high-quality, relevant, and valuable content is an essential aspect of SEO. Creating engaging and informative content helps attract organic traffic, encourages backlinks, and establishes the website as an authoritative source in its industry.
User Experience (UX): Search engines consider user experience when ranking websites. Factors such as site navigation, mobile responsiveness, and page load speed contribute to a positive user experience and can impact SEO performance.
SEO techniques and strategies evolve continuously as search engines update their algorithms. It is essential to stay up-to-date with industry trends, best practices, and algorithm changes to maintain and improve SEO performance.
For example, a company that specializes in e-commerce may use SEO to optimize its product pages and improve visibility in search results for relevant keywords. By implementing effective SEO strategies, such as keyword optimization, high-quality content creation, and link building, the company can attract more organic traffic, increase conversions, and ultimately drive more sales.
Search engine optimization (SEO) is a digital marketing technique designed to improve a website's visibility and ranking in search engine results. By optimizing various aspects of a website and implementing effective SEO strategies, businesses can increase organic traffic, improve user experience, and achieve their digital marketing goals.
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Taking an assessment that has a long history of use is well respected and referenced by other credible sites helps ensure that you are taking a quality assessment.True or false
Answers
The given statement is true.
An assessment refers to the use of empirical data on the skills, and knowledge of the students in order to improve their learning.Assessment has to do with the design, selection, and interpretation of information to aid the development of students. It should be noted that when one takes an assessment from credible sites, this helps to ensure that the person is taking a quality assessment.In conclusion, the correct option is True.
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what are the disadvantages of alloys
Answers
Savings Goals
Using post-it notes, small pieces of paper, or a piece of scrap paper, brainstorm specific savings goals you would like to meet. These goals can vary from small (saving for a new pair of sunglasses) to big (saving for college). Aim to come up with at least 15-20 ideas.
Answers
Answer:
I am sorry fam this won't be an answer to your question, but I figured out how to see the answers on brainly for ya'll that don't have premium. You just need to right click on the page of your question and then click on "view page source" for me the shortcut is ctrl+ U. I don't know about yall's. when you do that it will open up a weird looking page then you want to scroll down, what you wanna focus on are the black letters, the others will be colored red or blue or whatever just focus on the black letters. It just gonna show you the answer and the comments too. Your welcome pudgy boi.
Explanation:
Sshheeeeeeshh
What three reasons explain the changes broughtabout by the development of agriculture?
Answers
The three reasons that explain the changes brought about by the development of agriculture are mentioned below.
In contrast to farmers, who mainly eat a few relatively starchy crops, hunters and gatherers had a very diverse diet. Agriculture resulted in towns that were congested and traded with other crowded cities, which caused the disease to spread. Farmers relied significantly on a limited amount of crops, so if one filled, they would probably start.Agriculture development includes things like offering security, assisting with research, using cutting-edge methods, preventing pests, and promoting diversity.
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ian gonna need these so here
Answers
Answer:
hi
Explanation:
Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answers
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
the chi-squared test of independence only detects linear association between variables in a contingency table.
Answers
This statement is not entirely accurate.
The chi-squared test of independence is a statistical test used to determine if there is a relationship between two categorical variables in a contingency table.
It assesses whether the observed frequencies in the table are significantly different from the expected frequencies under the assumption of independence between the variables.
While the chi-squared test of independence is commonly used to detect linear associations between variables, it can also detect non-linear relationships. The test examines the overall pattern of frequencies in the contingency table, not just linear associations. It is capable of detecting any type of association between variables, including monotonic, curvilinear, and nonlinear relationships.
It is important to note that the chi-squared test of independence has limitations. It does not provide information about the strength or direction of the association between variables, nor does it establish causality. It simply determines whether there is evidence to reject the null hypothesis of independence. To assess the strength and nature of the relationship, additional analyses or alternative statistical tests may be needed.
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Besides individuals, who else pays taxes in our country?
Answers
Answer:
Aliens?
Explanation:
Company A has sales of $500,000, variable costs of $350,000, and fixed costs of $150,000. Company A has ______.
Answers
Company A has: Reached the break-even point and Company A's contribution margin equals the fixed costs.
What is break even point?Break even point is the point in which a company neither make gain or loss.
Based on the information given company A has reached the break-even point because there is no gain or loss.
Company A's contribution margin also equals the fixed costs.
Contribution margin=Sales-Variables cost
Contribution margin=$500,000-$350,000
Contribution margin=$150,000
Contribution margin equal fixed cost of the amount of $150,000.
Inconclusion Company A has: Reached the break-even point and Company A's contribution margin equals the fixed costs.
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What is the difference between military strategy and business strategy?
Answers
The difference between military strategy and business strategy lies in the context and objectives of each. Military strategy is designed to protect and defend the interests of a nation in war, while business strategy is designed to identify and capitalize on opportunities to increase the profit and market share of a business.
Military strategy is generally concerned with tactics that focus on overpowering an enemy. The strategy is designed to outwit the enemy's tactics and ensure victory. Tactics that are employed by the military might include strategic positioning, surprise attacks, and guerrilla warfare.
Business strategy focuses on analyzing a company's environment and formulating ways to maximize its competitive advantage. This could involve changing a company's marketing tactics, expanding its product portfolio, or forming partnerships with other organizations. Business strategy often involves analyzing market trends and customer behavior to determine the best course of action.
In conclusion, military strategy and business strategy are two distinct approaches to achieving different objectives. Military strategy is focused on winning wars, while business strategy is focused on increasing a company's profits and market share.
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What are some ways you deal with stress at school or at home? How could you use those techniques in the workplace? PLZZZZZ!!!!
Answers
2. Reward yourself when you are finshed
3. Spend time with friends and family when you have free time
4. Get 8 hours of sleep a night
5. Always eat breakfast and don’t skip any meals.
6. Meditate
7. Get up and stretch your legs if you have a desk job
8. Deep breathing
9. Play relaxing music
10. Reduce your caffeine intake is a big one
Hope this helps :D
Some ways to deal with stress at school or at home is as follows:
1. Stop when you need to.
2. After finishing, treat yourself.
3. When you have free time, spend it with your loved ones.
4. Sleep for eight hours each night.
5. Never miss a meal and never skip breakfast.
6. Reflection
7. If you have a desk job, stand up and stretch your legs.
How to reduce stress at work?The APA poll revealed that individuals who often experience tension or stress at work are more than three times as likely to indicate they plan to look for employment elsewhere in the upcoming year (71% vs. 20%) than employees who don't experience such stress.
Employees who have some degree of autonomy over their work schedules tend to be happier than those who are subject to stricter work-hour regulations. Most employees value having flexible work hours because it allows them to escape traffic, exercise in the morning, or walk their pets before dusk. Allow staff to work from home if the job can be done remotely, or use a hybrid approach if it can.
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Which procedures is not recommended when conducting an electronic search?
Answers
When conducting an electronic search, there are certain procedures that are not recommended to ensure the accuracy and reliability of the results. Here are some procedures to avoid Relying solely on a single source, Plagiarizing or failing to cite sources etc.
Relying solely on a single source: Depending on a single source for information can lead to biased or incomplete results. It is important to consult multiple sources to verify information and gain a broader perspective.Neglecting to evaluate the credibility of sources: It is crucial to critically evaluate the credibility and reliability of the sources used in an electronic search. Avoid using sources that lack credibility, such as unverified websites, personal blogs without authoritative references, or sources with a known bias.Overlooking advanced search techniques: Electronic search tools often provide advanced search options and filters that can enhance the accuracy and relevance of results. Failing to utilize these techniques may result in a larger volume of irrelevant or less useful information.Ignoring date and currency of information: Information on the internet can quickly become outdated. It is important to consider the currency of the information being accessed and prioritize recent sources when applicable. Ignoring the date of publication can lead to using obsolete or inaccurate information.Not using proper search terms and operators: Using vague or imprecise search terms can lead to irrelevant results. It is recommended to use specific keywords and operators (such as AND, OR, NOT) to refine searches and obtain more accurate and targeted information.Plagiarizing or failing to cite sources: When using information from electronic sources, it is essential to properly cite and credit the original authors. Plagiarism not only undermines academic and professional integrity but can also lead to legal consequences.To know more about electronic search refer to-
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The square of the standard deviation is the _____.
Answers
The square of the standard deviation is the variance.
In the field of statistics, when the standard deviation is applied to a study, it represents the difference that the subjects of the study have from the particular mean value of the group. In other words, it shows the extent of difference that is present in a group.
Variance is also a measure of the extent of diversity that is present in a study but the variance is the square of the standard deviation. Although both standard deviation and variance are similar but as the variance is the square of the standard deviation, it represents the diversity in a group to a larger extent.
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What term refers to the process of continuously testing and improving out different versions of the product with customers to find the one that offers the greatest value? recurring methodology political methodology contract methodology lean methodology
Answers
Answer: Lean six sigma
Explanation: Lean Six Sigma is a process improvement methodology designed to eliminate problems, waste and inefficiency, and improve working conditions to better meet customer needs.
It combines Lean and Six Sigma tools, methodologies, and principles into a common and powerful methodology for improving your company's operations.
The team-centric approach of Lean Six Sigma has resulted in maximizing efficiency and dramatically improving profitability for organizations around the world.
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Select the correct answer.
Sandra is about to start a small business in her area. She is creating a business plan after carrying out extensive research. She is currently creating projected balance sheets and income statements that could be useful to potential investors. Under which section of the business plan should Sandra place these records?
A.
business description
B.
financial analysis
C.
marketing strategy
D.
sales forecast
E.
exit strategy
Answers
Answer:
Financial Analysis
Explanation:
Just trust moi ;)
What type of loan uses real estate for security?
A point of sale
A line of credit
. A disclaimer (it’s not disclaimer)
A second mortgage
Answers
Answer:
A second mortgage loan uses real estate for security
which task is carried out by book keeping
Answers
Answer:
Explanation:
Invoices and unpaid bills are one of the most important responsibilities of the bookkeeper. A bookkeeper who fails to keep an account of the money flowing into and out of the business, for instance, makes it all too easy to spend money that isn't there.
The City of Mayville had total fund balance in its General Fund of $200,000 on December 31, 2019. The City of Maysville's General Fund balance sheet for its December 31, 2019 year end shows inventory of $28,000 and prepaid rent of $10,000. The City also had $60,000 of outstanding encumbrances in its General Fund at year-end. In December 2019, a grantor provided the City with $42,000 that must be used to pay musicians who perform in the City's series of summer concerts in the park during 2020. How much should the city report as nonspendable fund balance in its General Fund on December 31, 2019?
Answers
Answer:
$38,000
Explanation:
Based on the information given we were told that the City General Fund balance sheet for the month of December 31, 2019 shows that inventory had the amount of $28,000 while prepaid rent has the amount of $10,000 which means that the amount of money that city will report as NOSPENDABLE fund balance in their general fund on December 31,2019 will be $38,000 calculated as ($28,000+$10,000).
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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write the answer in a income statement sheet
Answers
The income statement has net income of $4710.
Income statementIncome statement for the year ended November 30, 2020
Repair Revenue $9900
Installation fees $1600
Total revenue $11,500
Expenses:
Salaries expense $2600
Rent expense $2000
Advertising expense $850
Supplies expenses $185
Utilities expense $235
Insurance expense $150
Delivery expense $770
Total expenses $6790
Net income $4710
($11,500-$6790)
Therefore the income statement has net income of $4710.
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Writing the net income in an Income statement sheet for Riley Repair Shop for the year ended November 30, 2020, is as follows:
Riley Repair Shop
Income StatementFor the year ended November 30, 2020
Revenue:Repair Revenue $9,900
Installation fees 1,600
Total revenue $11,500
Expenses:Salaries $2,600
Rent 2,000
Advertising 850
Supplies 185
Utilities 235
Insurance 150
Delivery 770
Total expenses $6,790
Net income $4,710
What is an income statement?An income statement is a financial statement that summarizes an entity's revenue and expenses to determine the net income.
It is also called an income summary and determines the entity's financial performance for a financial period.
Thus, Riley Repair Shop's income statement shows that it earned a net income of $4,710 for the year ended November 30, 2020.
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the estimated use the company expects to obtain from an asset before disposing of it is referred to as the
Answers
The estimated use the company expects to obtain from an asset before disposing of it is referred to as the useful life.
The useful life of an asset is an accounting estimate used to estimate the number of years an asset is likely to be used for revenue generation in a cost effective manner for the benefit of the company. Useful life is used in the calculation of the deprecation expense of an asset.
Determinants of the useful life of an asset
Frequency with which the asset is used. The more an asset is used, the lower its useful life. The age of the machine when it was purchased. The quality of maintenance of the asset.A similar question was answered here: https://brainly.com/question/17267874
Based on the following information, what amount would be subtracted from the bank balance side of a checking account reconciliation? Service charge $43, Outstanding checks $300, Interest $13, Deposit in transit $880
Answers
Answer:
Outstanding checks $300
Explanation:
The amount that should be amount deducted from the bank balance side of a checking account reconciliation should be the OUTSTANDING CHECKS of the amount of $300 reason been that a company or an organisation can have outstanding checks in a situation where the company has issued a check in which such check has already be recorded in the company ledger account but the check has not yet clear the bank account which may inturn makes the balance in the bank account to be greater than the amounts that the company has as cash.
Why is organic manure used in soil? Explain briefly.
Answers
Explanation:
the supply plant nutrients including micronutrients they improve soil physical properties like structure of water holding capacity etc. they increase the availability of nutrients.
What did the British East India Company import?
Answers
Black pepper is imported by the British East India Company. In the first century of business, the British East India Company increased its economic clout in the Far East.
On the beginning, there was a learning curve: after the first 16-month round voyage from the Spice Islands (modern Indonesia), the company imported so much black pepper that the surplus in the market pushed prices lower. English and then British joint-stock corporation The East India Company (EIC) was established in 1600 and shut down in 1874. It was created to facilitate trade in the Indian Ocean region, first with the East Indies (the Indian subcontinent and Southeast Asia), then with East Asia.
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What are some things with investing that you should never do?.
Answers
Answer: Sell a stock because it is going lower
Explanation:
This isnt always bad due to not trying to lose capital while a stock is tumbling.
But the best thing to do is sell a stock because you found a better one.