Answer:
$1,050
Explanation:
Given that,
Airfare = $560
Taxis = $40
Meals = $100
Lodging = $350
All the expenses incurred during a business trip to New York are deductible.
Therefore, the amount of expenses deducted is calculated as follows:
= Airfare + Taxis + Meals + Lodging
= $560 + $40 + $100 + $350
= $1,050
Hence, Barry may deduct $1,050 as travel expenses for the trip.
Answer:
WACC of ABC Corporation is 91%
Explanation:
WACC = Kd * (1+T) * Debt/Debt+Equity + Ke * Debt/Equity
Kd = Cost of debt
T = Corporate tax rate
WACC = 0.08*(1-0.35)*(150m/150m+650m) + 0.10*(650m/150m+650m)
WACC = 0.08 *0.65*0.1875 + 0.10*0.8125
WACC = 0.00975 + 0.08125
WACC = 0.091
WACC = 91%
Therefore, the WACC of ABC Corporation is 91%
Answer:
C. Shareholders and providers of finance
Explanation:
A company's financial report communicates the financial health of a business. It indicates whether a business is profitable and can meet its financial obligations.
Shareholders are the owners of a business. They are interested in the financial reports to know if their venture is making profits. Shareholders expect to earn dividends from the business. Only a profitable business is able to declare dividends. Financial reports guide shareholders in making decisions regarding the future of the business.
Lenders provide debt capital to a business. If the company is profitable, then lenders are happy because their payments are assured. Lenders rely on financial reports in deciding whether to extend or deny credit to businesses.
Well for one whoever is producing the product need to look at the areas of which they would like their product to be. Such as the demographics of the area. Another thing you could do is identify the psychographic information (their lifestyle, things people do in the area, etc.)
