Answer:
a) 12.87%
b) 11.03%
Explanation:
EBIT with no debt = $111,000
net income = $111,000 x (1 - 22%) = $86,580
total value of the firm with no debt = $86,580 / 12% = $721,500
value of the firm after debt is taken = $721,500 + ($165,000 x 22%) = $757,800
debt to equity ratio after debt is taken = $165,000 / ($757,800 - $165,000) = 27.834%
new cost of equity (Re) = 12% + [(12% - 8%) x 27.834% x (1 - 22%)] = 12.87%
WACC = (0.72166 x 12.87%) + (0.27834 x 8% x 0.78) = 9.288% + 1.737% = 11.025$ = 11.03%
Answer:
Ethics Code and Features
Ethics Codes
Features Integrity-
Based Ethics Codes Based Ethics Codes
Ideal: Accountability, decision Education, reduced employee
processes, controls discretion
Objective: Enable responsible employee Avoid criminal misconduct
conduct
Leader: Managers Lawyers
Methods: Conform to outside standards Conform to outside standards
and chosen internal standards
Explanation:
Codes of ethics refer to the governing principles and expectations that regulate the behavior of individuals and organizations in the conduct of their professional responsibilities and business activities. Two broad categories have been identified for written codes of ethics. They are compliance-based (rules-based) codes and integrity-based (principles-based) codes. Rules-based or compliance-based codes emphasize prevention, while principles-based or integrity-based codes provide guidance.
Answer:
A kind of education which equips with skills that involve the use of practical approaches and other physical instruments in executing projects. Technical education is learning something about a specific work scientifically in detail and practical.
A few common examples include schools and education programs that focus on science and engineering, information and technology, architecture and design, business and fipnance, health and social services, education and child development, hospitality and tourism, or the fine and performing arts.
In building a sustainable economy, there are three-step process that should be followed :
First , Shift towards a new business model that generate a shared value
Second, Create Assets' ownership structures
Third, involves indicators that indicate progress, such as social and health indicators
