Rule of law is very important in case of country’s legal system
This means that no one can be regarded to be above the law in a society where the rule of law exists. In a parliamentary democracy, the rule of law places a duty on all citizens to uphold the law, and in order to do so, the legislation must be just and not arbitrary. The goal of the rule of law, like other constitutional concepts, is to advance peoples' freedom and basic rights.
People and corporations must abide by the regulations set forth by the rule of law in order to avoid penalties. The rule of law establishes norms for businesses so that they, too, know what is required of them in their transactions and enables people to comprehend what is expected of them in their personal capacities.
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Someone who nourishes and evokes the best qualities in people
Answer:
10.45 %
Explanation:
Calculation for What is the cost of debt
Using this formula
Levered cost of equity=Unlevered cost of equity+Equity multiplier(1-Tax rate)(Unlevered cost of equity-Cost of debt)
Let plug in the formula
.156 = .14 + .57(1 −.21)(.14 − Cost of debt )
.156 = .14 + .57(.79)(.14 − Cost of debt )
Cost of debt= .1045 *100
Cost of debt= 10.45%
Note that equity multiplier of 1.57 -1 will give us .57
Therefore the cost of debt will be 10.45%
1. Leads to happier employees — who stick around longer. Assisting your team in obtaining industry designations shows them you share in their desire to be the best they can be.
2. Encourages greater peace of mind.
3. Gives your clients greater confidence in your business.
Answer:
I currently work for a company that provides services to other businesses (B2B), and we work on a yearly contract base. Since it's a B2B we don't have a lot of customers, they are only 11, but each customer is very important to us.
The sales process and contracts for the next year are usually finished by November and at that time we must prepare a cost budget. The main problem we are currently facing is that we use some imported goods and since many tariffs have been increasing, there is a lot of uncertainty about future prices.
When you import goods and use the FOB destination, the seller is responsible for delivering the goods up to a port of entry, but we are responsible for the paperwork and applicable tariffs. Since tariffs increase during a few months and then decrease, and then increase again depending on the president's mood, our budget has a large percentage of "just in case".
Besides that problem with imports, our company also signs yearly contracts with most of the employees depending on the number of contracts and workers needed. We are very good at estimating overhead expenses, since experience is a great teacher in our specific case.
If we didn't have the problem with uncontrollable external factors (tariffs), prior jobs help us to determine budgets that are usually quite exact, our variance (either + or -) is usually less than 3%.
