The steps that should be followed to safely exit an expressway are:
1. Half a mile before the exit, you should check your front and rear zones for traffic.
2. Signal and move into the 3rd lane position that leads into the deceleration lane.
3. Move into the deceleration lane.
4. Flash your brake lights or push your brakes to turn on the brake lights to let other drivers know that you are slowing down.
5. Identify the ramp speed sign and use that speed to exit.
Answer:
The answer is: 7% annual growth rate
Explanation:
The Rule of 70 is a way to determine how many years it will take an economy to double its GDP (or GDP per capita) with a given annual growth rate.
The formula used by the Rule of 70 is:
number of years = <u> 70 </u>
to double an economy annual percentage growth rate
In this exercise we substitute the known variables and calculate:
10 years = 70 / (annual growth rate)
annual growth rate = 70 / 10 = 7%
Answer:
$834,608 (Approx).
Explanation:
For computing the net present value first we have to determine the following calculations
After tax cost of debt
= Pre tax cost of debt × (1 - tax rate)
= 5.76% × (1 - 0.4)
= 3.456%
As we know that
Debt-equity ratio = debt ÷ equity
Therefore
Debt = 0.65 × equity
Let us assume the equity be $x
So,
Debt = $0.65 x
Total = $1.65x
Now
WACC = Respective costs × Respective weights
= (0.65x ÷ 1.65x × 3.456) + (x ÷ 1.65x × 11.37)
= 8.2523636%(Approx)
Now
Present value of annuity = Annuity × [1 - (1 + interest rate)^ -time period] ÷ rate
= $1.51 × [1 - (1.082523636)^ -9] ÷ 0.082523636
= $1.51 × 6.18185982
= $9,334,608.33
Now
Net present value = Present value of cash inflows - Present value of cash outflows
= $9,334,608.33 - $8,500,000
= $834,608 (Approx).
Answer:
Payment id received for merchanise sold on account
