Sales = 19,630
Costs = 9,400
Gross Profit = 10,230
Depreciation = 2,070
Interest expense = 1,560
Earnings before tax = 6,600
Taxes at 30% = 1,980
Net Income = 4,620
Add back Depreciation = 2,070 (as it is an non cash expense)
Operating cash flow (OCF) = $ 6,690
The answer is B. Adjustable rate mortgage is a mortgage loan where the interest rate stays for for a certain period of time then it changes either up or down based on an index. It is also called variable-rate mortgage or tracker mortgage. This type of mortgage loan permits a debtor to have a lower initial payment if and only if they agree to assume the risk of the changes in the interest rate.<span>
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Great question!
Fiat money deries it's value from law or regulation. However representative money derives its value either from a claim on a commodity (gold for example).
However sometimes representative money means it has value higher than what it is made of, ie if you melt it down it is worth less than before it is melted down. In this sense fiat money is a type of representative money
Explanation:
The computations are shown below:
a. The market value of equity is
= $50.96 per share × 1,400,000 shares
= $71,344,000
b. The market value of debt is
= $105% × $21,100,000
= $22,155,000
c. Now the weights are as follows
Weight of equity is
= $71, 344,000 ÷ ($71,344,000 + $22,155,000 )
= 0.7630
And,
Weight of debt = 1 - 0.7630
= 0.237
Answer:
The correct answer is Supervisor.
Explanation:
The supervisor is in a position of hierarchical superiority, as he or she has the ability or the power to determine whether the supervised action is correct or not.Therefore, supervision is the act of monitoring certain activities in such a way that they are carried out in satisfactory way.
Supervision is mainly used in companies, where the supervisor position usually exists. In this sense, supervision is a technical and specialized activity whose purpose is the rational use of productive factors. The supervisor is responsible for ensuring that the company's workers, raw materials, machinery and all resources are coordinated to contribute to the company's success.
