Answer:
Ans. The cost of equity capital is 6.5 (6.5%)
Explanation:
Hi, all we need to do is fill the following equation with the data from the problem.
Where:
rf = Risk free rate (in our case, 2%)
MRP = market risk premium (in our case, 6%)
r(e) = Cost of equity capital
Therefore, this is what we get.
So the cost of equity capital is 6.5% or 6.5 as the problem suggests to answer.
Best of luck.
Answer:
Anne Mullens committed embezzlement.
Explanation:
Embezzlement is defined as misappropriation of funds by someone with whom funds have been entrusted.
It is a theft as the money does not belong to the perpetrator. The perpetrator is only entrusted with funds.
One of the conditions for embezzlement is an existence of a fiduciary (trust) relationship between parties.
In the given case, Anne Mullens pocketed $57 cash from recorded amount instead of recording 57$ customer's payment via check. Instead she included the customer's check in the money to be taken to bank.
This is embezzlement of funds by Anne.
Answer:
D. A software developer requires leadership skills.
Explanation:
A computer programmer takes care of writing code to create a program.
A software developer takes care of all the process for developing a software and they will define the requirements for a software and then, work with programmers that write the code.
According to that, a software developer differ from a computer programmer because a software developer requires leadership skills as they will have to supervise all the process to create a program and work with people.
ANSWERS: There was a format called Company Town where the company would virtually own and control the entire town including daily need item stores. Workers were lured with attractive wages and accommodation. But, the wages were paid in 'Scrips' which were company printed currency meant to be spent in the stores owned by the company owned and controlled stores inside the company town. This led to the employees getting dependent on employers and their personal freedom and space getting interfered by employers. This relation led to the term 'Wage Slavery'. This practice was continued in mining town till 1960s whereas the concept of company town ended in the 1920s.
Answer:
$10 million
Explanation:
Calculation for the reported profit for the first year of the contract
Using this formula
Reported profit=(BB Costs/Project cost estimate)×(Building contract-Project cost estimate)
Let plug in the formula
Reported profit = ($30 million / $75 million)×($100 million – $75 million)
Reported profit=0.4 million ×25 million
Reported profit= $10 million
Therefore the reported profit for the first year of the contract will be $10 million
