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3 years ago

"Education empowersperson" explain this statement.

Business

1 answer:

seropon [69]3 years ago

7 0

Answer: Education is the key to knowledge.

Explanation: When a person educates himself, he opens his mind and gives himself the opportunity to know more things. When a person knows more things he learns to see things from another point of view and knows more and more about everything that surrounds him. Knowledge is a power key, it allows the person to climb great positions since he is someone who knows what he is doing.

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Westbrook's Painting Co. plans to issue a $1,000 par value, 20-year noncallable bond with a 7.00% annual coupon, paid semiannual

xeze [42]

Answer:

The component cost of debt used to calculate the WACC will change by 0.70% if the new tax rate was adopted.

Explanation:

This can be calculated using the formula for calculating the component cost of debt used to calculate the WACC as follows:

CD = WD * PCD * (1 - t) ........................ (1)

Where;

CD = Component of cost of debt in WACC

WD = Weight of debt

PCD = Pretax cost of debt

t = tax rate

Note: Since information is provided for only the 20-year noncallable bond in the question, we assume that WD is 100% for simplicity purpose.

We can therefore proceed as follows:

a. CD When tax rate is 25%

Based on equation (1) and the assumption in the note, we have:

CD when t is 25% = Component of cost of debt in WACC = ?

WD = Weight of debt = 100%

PCD = Pretax cost of debt = 7%

t = tax rate = 25%

Substituting into equation (1), we have:

CD when t is 25% = 100% * 7% * (1 - 25%) = 5.25%

b. CD When tax rate is 15%

Based on equation (1) and the assumption in the note, we have:

CD when t is 15% = Component of cost of debt in WACC = ?

WD = Weight of debt = 100%

PCD = Pretax cost of debt = 7%

t = tax rate = 15%

Substituting into equation (1), we have:

CD when t is 15% = 100% * 7% * (1 - 15%) = 5.95%

c. the WACC change if the new tax rate was adopted

Change in WACC = CD when t is 15% - CD when t is 25% = 5.95% - 5.25% = 0.70%

Therefore, the component cost of debt used to calculate the WACC will change by 0.70% if the new tax rate was adopted.

4 0

3 years ago

Gault Corporation had the following shares of stock outstanding on December 31, 2018: Common stock, $50 par value, 200,000 share

Tcecarenko [31]

Answer:

Dividends paid to preference and ordinary shareholders are

$480,000 and $120,000 respectively

Explanation:

Common stock holders are the real risk bearers as they receive as dividends the residual amount after all other claims have been settled.

Preference shares entitles the holders to participate in a fixed dividend out of the profit made by the company. The divide is always a fixed percentage of the nominal value of the preference shares

Cumulative preference shares: Cumulative simply implies that should the company misses the payment of dividend in a particular year such unpaid dividend would be carried carried forward and paid in arrears in the following year/

Non-cumulative is the exact opposite of the case . Here, unpaid dividends are not paid in arrears in fact such are forfeited for life.

Preference dividends

2016 - 8% × $100 × 20,000= $160,000

2017 - 8% × $100 × 20,000 = $160,000

2018 - 8% × $100 × 20,000 = $160,00

Total paid in 2018 480,000

Dividends paid to common stock = $600,000 -480000

= $120,000

Dividend paid to preference and ordinary shreholders are

$480,000 and $120,000 respectively

6 0

3 years ago

Three employees and their job descriptions are listed in the chart below.

Ilia_Sergeevich [38]

I think the answer is Monica works for a utilities company, Travis is self-employed, and Maggie works for a power company.

8 0

3 years ago

Read 2 more answers

Describe three techniques commonly used to generate ideas.

kupik [55]

1. Thinking 2. Imagining 3. Writing it down

7 0

3 years ago

Factors of production are? scarce in every society. scarce only in advanced countries. scarce only in the poorest countries of t

Rashid [163]

Factors of production are scarce in every society.

<h3>What are the factors of production?</h3>

Factors of production are the resources that are used in the production of goods and services. Factors of production are scarce and this is why it is important to use them in the activities that would maximise their use.

There are four factors of production in economics. They include - land, labor, capital and entrepreneurship.

Land includes all the natural resources that are used to produce goods and services e.g. gold mine. Labor is the human effort that is exerted in the production of goods and services. Capital includes machinery and man made resources used in production. An entrepreneur is a person who combines the other factors of production together

To learn more about factors of production, please check: brainly.com/question/12342608

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6 0

2 years ago

"Education empowersperson" explain this statement.​

"Education empowersperson" explain this statement.