They won 21 out of their 30 basketball games.
Answer:
After tax cost of debt is 5.239%
Explanation:
Given:
Face value = $1,000
Bond price = $895
Coupon payments = 0.035×1,000 = $35 (coupon payment is paid semi-annually so 7% is divided by 2)
Maturity = 20×2 = 40 periods
Using bond price formula:
Bond price = Present value of face value + present value of coupon payments
Use excel function =RATE(nper,pmt,PV,FV) to calculate cost of debt.
substituting the values:
=RATE(40,35,-895,1000)
we get Pre-Tax cost of debt = 4.03% semi- annual
Annual rate is 4.03%×2 = 8.06%
Note: PV is negative as bond price is cash outflow.
After tax cost of debt = 8.06(1 - 0.35)
= 5.239%
The answer to this question is a part of Employee onboarding
and orientation. An Employee onboarding is the process where a new employee
will be welcomed in the company and will inform the new employee of the culture
of the company, rules and regulations, and the new hired employee will also
receives his or her identification cards, and other related paper works with
regards the persons tasks. Also in the employee onboarding, the benefits of the
employee are also being discussed to ensure that the new hired employee will
know what are his benefits and perks. Employee
Onboarding may take at least 3 days depending on the program schedule that the
human resource officer had made.
My best estimate is 23% or lower.
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $2,200
To Service revenue $2,200
(Being cash is received)
Since the cash is received so we debited the cash account and credited the service revenue account as the service is completed which create an income for the business organization.
We do not write unearned service revenue as the amount is actually received from the customer
