Answer:
B. are primarily designed to protect bondholders
Explanation:
Protective covenants are designed primarily to protect bondholders from future actions of bond issuer. They are also part of a loan agreement that limits certain actions a company may take during the course of the loan to protect the person who lend the money interests. They provide extra protection for the investors. Creditors use it to protect their interests by restricting certain activities of the issuer that could endanger the creditor's interest.
Answer:
The maximum investment is $6,360.111
Explanation:
Giving the following information:
The placement of a new surface would reduce the annual maintenance cost to $500 per year for the first 3 years and to $1000 per year for the next 7 years. After 10 years the annual maintenance would again be $2500.
We need to find the net present value. The maximum initial investment will be the amount that makes the NPV cero.
NPV=∑[Cf/(1+i)^n]
Cf= cash flow
<u>For example:</u>
Year 1= 500/1.05= 476.19
Year 3= 500/1.05^3= 431.92
Year 5= 1,000/1.05^5= 783.53
NPV= 6,360.111
The maximum investment is $6,360.111
It is the goal line that is the common term for endline
Answer:
Overhead refers to the ongoing business expenses not directly attributed to creating a product or service. It is important for budgeting purposes but also for determining how much a company must charge for its products or services to make a profit
Explanation:
Integrated is a close corporation.
<h3>What is corporation?</h3>
- A corporation is a collection of people or a business that has been given legal status as a single entity by the state and is used for specific legal purposes.
- Early corporations were created with a charter. The majority of governments currently permit the registration of new corporations.
- There are four main forms of corporations: sole proprietorships, Limited Liability Companies (LLCs), S-Corporations (S-Corps), and C-Corporations (C-Corp).
- Examples of corporations are Apple Inc., Walmart Inc., and Microsoft Corporation.
<h3>What is a close corporation?</h3>
- A close corporation is a business that has fewer shareholders than the statutory limit and is not a public company.
- The maximum number of shareholders is typically 35, though this varies according on the state's corporate regulations.
Learn more about corporation here:
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