<span>Due to Pat's background his ideal role in the organization is and Ethics and Compliance Officer. In this role, Pat would serve as the organizations central point in arbitrating issues around ethics as well as formulating policy and strategies for compliance and auditing thereof.</span>
Answer:
Law and Economics
Explanation:
Based on the information provided within the question it can be said that the school that is being described is the Law and Economics School of Jurisprudential thought. They promote market efficiency mainly due to the fact that they believe that markets are more efficient than the courts are in this modern world.
The after-tax cost of debt is 6.28%. Subtract a company's effective tax rate from one and multiply the difference by its cost of debt to calculate its after-tax cost of debt.
<h3>What is After-tax cost?</h3>
- After-tax cost denotes the actual costs less an amount equal to the combined federal and state income tax savings relating to the deductibility of said costs for federal and state tax purposes in the year in which such costs are incurred.
- WACC represents a company's average after-tax cost of capital from all sources, including common stock, preferred stock, bonds, and other forms of debt.
- WACC is the average interest rate that a company anticipates paying to finance its assets. The pre-tax cost of debt must be tax-affected because interest is tax-deductible, effectively creating a "tax shield" that is, interest expense reduces a company's taxable income (earnings before taxes, or EBT).
Therefore,
The after-tax cost of debt is 6.28%.
FV = -$1,000
PMT = -$100
N = 20 years
PV = $1,098 before including flotation costs; $1,098×(1-.05) = $1,043.10 after including flotation costs.
Compute I/Y = 9.511%
After-tax cost of debt = 9.511%×(1-.34) = 6.28%
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Let us calculate net profit on each unit; after the changes, we have that the company sells 1300 units and eah unit has a profit margin of 175-100=75$.We also have that the fixed costs are in total 96000-20000=76000$. Consider the profit function P(x) that depends on the number x of units sold. P(x)=75*x-76000. Substituting x=1300, we have that P(x)= 97500-76000=21.500$. This is the Net operating Income after the changes.
A plan that lists the types and amounts of selling expenses expected during the budget period is called a selling expense budget.
The making of selling expense budget is the responsibility of the sales department. This budget includes selling expenses such as sales salaries, commission of sales , advertising and sales office rent, shipping expenses or sale supplies.
Selling expenses can be both fixed as well as variable.
Selling expenses are mostly comprised of Operating Expenses, like rent, payroll, utilities, and advertising . Direct costs are another type of spending which shows what is spent on the goods and services which are sold.
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