<span>100%-35%=65%
the compliment of 35% is 65%
</span>
The brain and the spinal cord are covered by the central nervous system.
Answer:
The principal balance is $151,573
Explanation:
For computing the principal balance, we need the following calculation which is shown below:
1. First we have to compute the 1 month interest payment which equals to
= Note amount × rate × 1 month ÷ total months in a year
= $152,000 × 14% × 1 ÷ 12
= 1773.33
2. Now deduct the first month interest from installment amount which equals to
= Installment amount - Interest amount
= $2,200 - $1773.33
= $426.67
3. Now subtract step 2 amount from notes amount which equals to
= Notes amount - principal amount
= $152,000 - $426.67
= $151,573.33
Hence, the principal balance is $151,573
ANSWER:
Issue: Oral agreement; without proper documentation of what was agreed upon.
Decision: Avarice will loss the case, and Joe will be set free by the court.
Support: Because Avarice does not have any valid prove to show that Joe accepted to repay Bob loans in case he fails to pay up, the court will assume Avarice is forging a claim on Joe. A withiness only comes to court to testify the validity of a prove. Because Avarice does not have any prove, the witness is as good as nothing.
The court will dismiss the case because Avarice became unethical by granting the request made by Joe without any signed agreement or recorded call conversation.
Answer:
13.35%
Explanation:
The computation of the after-tax weighted average cost of capital is shown below:
Weighted average cost of capital is
= Weight of equity × Cost of equity + weight of debt × after cost of debt
where,
Weight of equity = $120,000,000 ÷ $200,000,000 = 0.60
Cost of equity = 17%
Weight of debt = $80,000,000 ÷ $200,000,000 = 0.40
And, after cost of debt is come from applying the rate formula which is shown in the attached spreadsheet i.e 12.13%
So after tax it is
= 12.13% × (1 - 0.35)
= 12.13% × 0.65
= 7.8845%
So, the WACC is
= 0.60 × 17% + 0.40 × 7.8845%
= 10.2% + 3.1538%
= 13.35%
