When written consent is obtained from all parties involved, it is appropriate to accept gifts, benefits, compensation, or consideration.

The purely competitive firm maximizes profit when price is equal to marginal cost. If marginal cost is below price, the firm should expand output until marginal cost rises enough to be equal to price.

Net revenues is given the designation of 100% in a common-size income statement. Each component of the income statement, including net income, is shown as a percentage of net revenues.

As the required return increases, the price of the bond will decrease. The original required return is less than the bond's coupon rate, indicating the original price is greater than par value.

Net income will decrease by $70 (30% tax shield). As FCFF = NI + NCC + Int (1 - Tax rate) -
FCInv - WCInv, it will not change. However, as FCFE = FCFF + Net borrowing - Int ( 1- Tax rate), FCFE will decrease by $70.