Monthly income = 2000 dollars
Debt to pay = 250 + 100 = 350 dollars
Let's find the ratio of debt to income.
=> 350 / 2000 = 0.175
=> 0.175 * 100 = 17.5 percent.
Thus 17.5% of his salary goes to his debts for credit card and auto loan.
Answer:
Depreciation expense 2019= $17,062.5
Explanation:
Giving the following information:
Purchase price= 102,000
Useful life= 8
Salvage value= 11,000
To calculate the depreciation expense under the double-declining balance, we need to use the following formula:
Annual depreciation= 2*[(book value)/estimated life (years)]
2018= 2*[(102,000 - 11,000)/8]= $22,750
2019= 2*[(91,000 - 22,750)/8]= $17,062.5
<span>the auto mechanics who are protected by the gangs are taking advantage of the barriers to entry that prevent competition. These barriers are controlled by the gangs and serve as a form of payment to the auto mechanics in the area</span>
Answer:
The first term of an arithmetic sequence is 10 and its common difference is
negative seven. What is the fourth term of the sequence?
The fourth term is -11
Explanation:
a.p= a1 + (n-1)d
a.p= 10+ (4-1) -7
a.p= 10 + (3) -7
a.p= 10 - 21
= -11
a1= first term
n= nth term
d= difference
$0 is needed
<u>Explanation:</u>
As per pecking order theory the risks and consequently cost increases in the order of own cash reserves, debt and then fresh equity
. Since own cash reserves and debt could take care of funding requirement, so according to the pecking order theory as studied, the fresh equity needed is $0, which means there is no requirement.
Therefore, there should be no equity capital that should be raised in order to fund the project.
The correct answer is $0 equity.
