Answer:
Depreciation and amortization is $7.5 million
Explanation:
If the tax rate is 40%, then the net income is 60%
tax expense=net income*tax rate/60%=$5.4 million/60%*40%=$3.6 million
Depreciation and amortization=EBITDA-tax-interest-net income
EBITDA is $22.5 million
interest is $6 million
net income is $5.4 million
Depreciation and amortization=$22.5 milion-$6 million-$3.6 million-$5.4 million
Depreciation and amortization=$7.5 million
Answer:
<u>Unethical work behavior</u>
Explanation:
It is very unfortunate in many organization for such kind of scenarios to occur which could lead to dismissal from work if the gets to know about the attitude.
Remembering that no one will be pleased totally in workplace you will have to give people the benefit of the doubt by trusting them because If we all run around mistrusting others, we end up creating a miserably unhappy business culture.
Answer:
Bonds
Explanation:
Bonds fit all of Marlon's needs since:
- He can know the interest rate up front, e.g. the coupon rate of the bond, or the market rate if the bond is purchased at a premium or discount.
- Some bonds have a very remote maturity date, up to 30 years (e.g. US securities) and that is a long period of time.
- Even though Marlon can cash his money before the bond matures (he can sell them), it is something that takes a few days and must be done by a broker.
- Bonds are very secure investments, specially US securities which are considered the most secure investment in the world, but even corporate bonds are considered secure. In case the firm goes is liquidated, bondholders receive their money before preferred stockholders and common stockholders.
Answer:
The following are the advantages of maintaining books of original entry: (i) Future references to transactions become easy as transactions of similar nature are recorded in one journal. (ii) Mistakes in ledger accounts can be easily detected. (iii) Chronological recording of transactions reduce the chance of frauds.
Explanation:
Explanation:
There are several major variables to consider: the financial health of the borrower; the severity of the consequences of a default for the borrower and the creditor; the size of the credit extension; historical trends in default rates; and a variety of macroeconomic considerations
