Answer:
0.4766
Explanation:
Given:
WACC = 9.7%
Company’s cost of equity = 12%
Pretax cost of debt = 7.5%
Tax rate = 35%
Now,
WACC
= Weight × Cost of equity + (1 - weight) × Pretax cost of debt × (1-tax rate)
or
0.097 = weight × 0.12 + ( 1 - weight ) × 0.075 × (1 - 0.35)
or
0.097 = 0.12 × weight + 0.04875 - 0.04875 × weight
or
0.04825 = 0.07125 × weight
or
weight = 0.6772
also,
weight = 
or
= 
or
= 
+ 1
or
1.4766 = + 1
or
= 0.4766
A variant of fiscal-year budgeting whereby a 12-month projection into the future is maintained at all times is termed Continuous budgeting.
<h3>What is Continuous Budgeting?</h3>
- Budgets are created for future periods, revised throughout current periods, and adjusted at the conclusion of the term. This process is known as continuous budgeting.
- In other words, it's the practice of maintaining active, current, and future budgets to monitor costs and project growth in the future.
- The majority of businesses create their budgets on a monthly, quarterly, or annual basis, however many businesses now create weekly budgets to monitor sales and shipments.
- In the current era, these plans are utilized to establish financial and performance goals and benchmarks for the future.
- Following the conclusion of the current period, the budgeting process is restarted by developing a new plan for the following accounting period.
To learn more about Continuous Budgeting refer to:
brainly.com/question/14300218
#SPJ4
Answer:
Why did you choose to become a mechanic?: Practice your interviewing skills.
In what ways is my résumé lacking if I want to
find a position as a mechanic?: Get advice and information.
Can I contact you with any other questions
that I may have?: Build your professional network.
Explanation:
Plato
