Answer:
The after-tax cost of debt of LL Incorporated rounded to decimal places is 9.80%
Explanation:
First and foremost ,the before tax cost of debt is the yield to maturity of 14%
Having determined the before-tax cost of debt,the after-tax cost of debt is the before-tax cost of debt adjusted for marginal tax rate of 30% as computed thus:
after-tax cost of debt=before-tax cost of debt*(1-t)
the t is the tax rate of 30% which is also 0.3
after tax cost of debt=14%*(1-0.3)
=14%*0.7=9.80%
for example if you wanted to buy a car but had bad credit most of the time you wouldn't be able to apply for a car loan from a bank. To get better your credit you could spend small amounts on a credit card then pay ahead of time or on time when you pay your bill for the credit card. Like buying packs of gum and small things then paying them off will make your credit grow more.
Answer
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Explanation
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The problem could most likely be a weak hydraulic brake hose.
A weak hydraulic brake hose could cause a spongy pedal. As the pressure builds in the system, the hose may expand and not relay the pressure to the brake units.
The net income of Denver Incorporated is $0.71 million.
<h3> What is profit margin? </h3>
Profitability margin is an example of a profitability ratio. Profitability ratios measures the efficiency that a business uses to derive profit from its assets. Profit margin measures the return on sales
Profit margin = net income / net sales
<h3>What is the net income? </h3>
5% = net income / $14.2 million
Net income = $14.2 million x 0.05 = $0.71 million
To learn more about financial ratios, please check: brainly.com/question/26092288