<u>Solution and Explanation:</u>
<u>Calculation of weighted average floatation cost is as follows:
</u>
By calculating the above equation, we get = (0.035556) plus (0.048889)
= 0.08444 = 8.44% (rounded to 2 decimal places)
<u>The amount of money raised is calculated as follows:
</u>
Amount required = 18000000 divided by 0.91556
= 19660098.7
= 19660099 (rounded off)
The right answer for the question that is being asked and shown above is that: "d. principal, interest, taxes, insurance." Housing expenses are commonly referred to as PITI. <span>In relation to a mortgage, PITI </span><span>is an acronym for a mortgage payment that is the sum of monthly principal, interest, taxes, and insurance.</span>
Answer:
correct answer is top level management
Explanation:
solution
Strategic leadership explicitly relates leadership to the role of top management because Strategic leadership that have potential to express strategic vision for their organization motivate and persuade others to acquire that vision
and that is top level management which made up of the Board of Director and Chief Executive Officer and Chief Financial Officer and President and the Vice President etc
so correct answer is top level management
Answer:
option (c) 8 years
Explanation:
Data provided in the question:
Cost of the machine = $240,000
Useful life = 10 years
Salvage value = 0
Net income = $6,000 each year
Now,
Using the straight-line method of depreciation
Annual depreciation = [ Cost - Salvage value ] ÷ Useful life
= [ $240,000 - 0 ] ÷ 10
= $24,000
Thus,
Cash flow = $6,000 + $24,000
= $30,000
Therefore,
The payback period = ( Cost ) ÷ ( Cash flow )
= $240,000 ÷ $30,000
= 8 years
Hence,
the correct answer is option (c) 8 years
