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3 years ago

The front matter of a formal report refers to the preliminary sections before the body section. True False

Business

1 answer:

Agata [3.3K]3 years ago

3 0

Answer:

TRUE

Explanation:

Front matters are pages of a report that preceeds the first text. It is the first section of a book or report and it's usually the shortest.

It is also known as PRELIMINARY MATTERS or for short PRELIMS.

It comes in different forms. It can be as simple and short as just maybe a single title page or it can include multiple titles pages, abstract, preface amongst others.

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A municipal bond has a coupon rate of 5.11 percent and a YTM of 5.41 percent. If an investor has a marginal tax rate of 35 perce

Anettt [7]

Answer:pretax yield = 5.11 x 1.35 = 6.8985 = 6.90%

Explanation:

a pretax yield is a yield that a taxable bond must have in order for the yield to equal to a yield of a bond that is tax free

pretax yield = 5.11 x 1.35 = 6.8985 = 6.90%

3 0

3 years ago

On January 1, 2016, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on Septemb

Akimi4 [234]

Answer:

$54,000

Explanation:

Average accumulated expenditure can be determined by calculating the weighted average expenditure of each bond based on the numbers of month each bond is outstanding.

2016

As per given data

January 1, 2016 $300,000

September 1, 2016 $450,000

December 31, 2016 $450,000

Expenditures

As the bonds have different outstanding periods in the year, so we have to calculate the weighted average expenditure based on the numbers of months each bond outstanding within 2016.

January 1, 2016 $300,000 x 12/12 x 12% = $36,000

September 1, 2016 $450,000 x 4/12 x 12% = $18,000

December 31, 2016 $450,000 x 0/12 x 12% = $0

Total Expenditure $54,000

3 0

3 years ago

Western Electric has 35,000 ordinary shares outstanding at a price per share of $47 and a rate of return of 13.5%. The firm has

Luba_88 [7]

Answer:

a) Total market value of the firm = $2,394,000

b) The capital structure of the firm:

Weight of ordinary shares = 69%

Weight of preference shares = 12%

Weight of bond = 19%

c) The firm's weighted average cost of capital (WACC) = 11.28%

Explanation:

a) Calculate the total market value of the firm.

Total market value of the firm is the addition market values of ordinary shares, preference shares and bond. This can be calculated as follows:

Market value of ordinary shares = $47 * 35,000 = $1,645,000

Market value of preference shares = $58 * 5,000 = $290,000

Market value of bond = $450,000 * 102% = $459,000

Therefore, we have:

Total market value of the firm = $1,645,000 + $290,000 + $459,000 = $2,394,000

b) Calculate the capital structure of the firm

Capital structure of the firm is the weight of the market value of each of capital or finance sources in the total market value. This can be calculated as follows:

Wo = Weight of ordinary shares = $1,645,000 / $2,394,000 = 0.69, or 69%

Wp = Weight of preference shares = $290,000 / $2,394,000 = 0.12, or 12%

Wb = Weight of bond = $459,000 / $2,394,000 = 0.19, or 19%

c) Calculate the firm's weighted average cost of capital if the tax rate is 30%, assuming a classical tax system.

The weighted average cost of capital (WACC) which is also referred to as firm's cost of capital refers to the rate the firm is expected to pay on average to all holders of its security used in financing its assets. The WACC can be estimated as follows:

WACC = (Ro * Wo) + (Rp * Wp) + (Yb * Wb * (1 - T)) .................... (1)

Whrere,

Ro = Rate of return of ordinary shares = 13.5%

Rp = Rate of return on preference shares = 7%

Yb = Pre-tax yield-to-maturity on the bond = 8.49%

T = Tax rate = 30%

Substituting the values above and the relevant values from part (b) above into equation (1), we have:

WAAC = (13.5% * 69%) + (7% * 12%) + (8.49% * 19% * (1 - 30%)) = 11.28%

6 0

3 years ago

If+the+central+bank+increases+the+amount+of+reserves+banks+are+required+to+hold+to+20%,+then:______.

Illusion [34]

If the central bank increases the amount of reserves banks are required to hold to 20%, then both the money multiplier and money supply in the economy will decrease.

<h3>What is Money Supply?</h3>

All the money and other liquid assets present in an economy on the measurement date are referred to as the money supply. The money supply roughly consists of deposits that can be utilized virtually as easily as cash in addition to actual currency.
Governments issue coin and paper money through a mix of national treasuries and central banks.
By dictating to banks what reserves they must maintain, how to offer credit, and other financial issues, bank regulators have an impact on the amount of money that is available to the general people.
The amount of money circulating in an economy is referred to as the "money supply."
Numerous money supply measurements also factor in non-cash assets like credit and loans.
Increases in the money supply, according to monetarists, always result in inflation.

To learn more about Money Supply with the given link

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2 years ago

Why is employee participation in the performance management process important? under what circumstances is employee participatio

Anon25 [30]

Employee participation is important because it allows for the employees to know exactly what they're being judged on and what the criteria (and consequences) are for success or failure. Setting the initial goals might not be one of the most important situations for having employees around, but it does become important when working with the employee to modify those goals into new ones.

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3 years ago