Cisco systems inc. reported the following in its income statement for the year ended july 30, 2016: basic earnings per share of $2.13 and diluted earnings per share of $2.11. there were 5,053 million weighted average basic shares were outstanding during the year.

what approximate net income, did the company report for 2016?

a.
$ 7,624 million

b.
$10,662 million

c.
$10,763 million

d.
$ 4,310 million

e.
none of the above

Burke enterprises is considering a machine costing $30 billion that will result in initial after-tax cash savings of $3.7 billion at the end of the first year, and these savings will grow at a rate of 2 percent per year for 11 years. after 11 years, the company can sell the parts for $5 billion. burke has a target debt/equity ratio of 1.2, a beta of 1.79. you estimate that the return on the market is 7.5% and t-bills are currently yielding 2.5%. burke has two issuances of bonds outstanding. the first has 200,000 bonds trading at 98% of par, with coupons of 5%, face of $1000, and maturity of 5 years. the second has 500,000 bonds trading at par, with coupons of 7.5%, face of $1000, and maturity of 12 years. kate, the ceo, usually applies an adjustment factor to the discount rate of +2 for such highly innovative projects. should the company take on the project?

Which of the following best describes why you need to establish goals for your program?

Why is efficiency an important economic goal?