Answer:
B. are primarily designed to protect bondholders
Explanation:
Protective covenants are designed primarily to protect bondholders from future actions of bond issuer. They are also part of a loan agreement that limits certain actions a company may take during the course of the loan to protect the person who lend the money interests. They provide extra protection for the investors. Creditors use it to protect their interests by restricting certain activities of the issuer that could endanger the creditor's interest.
Answer:
Deductible depreciation = $2,660
Explanation:
Given:
Amount of car = $14,000
Personal use = 30%
Business use = 70%
Total depreciation = $3,800
Deductible depreciation = ?
Computation of Deductible depreciation:
Deductible depreciation = Total depreciation × Business use percentage
Deductible depreciation = $3,800 × 70%
Deductible depreciation = $2,660
Answer:
JANUARY FEBRUARY
TOTAL SALES $410,000 $430,500
Explanation:
for January
number of luggage set sold 2000
price for each set = $205
sales for month January = 205*2000 = $410,000
for February
number of luggage set sold 2100
price for each set = $205
sales for month February = 205*2100 = $430,500
JANUARY FEBRUARY
TOTAL SALES $410,000 $430,500
Answer:
The correct answer is option d.
Explanation:
The marginal benefit of another T-shirt is $15. The price of the T-shirt is $10.
The marginal cost is equal to the price, so it is also $10.
The marginal benefit earned from the T-shirt is greater than the marginal cost incurred on a T-shirt.
According to economic reasoning, it is profitable to buy another T-shirt. So, Mary will buy another T-shirt this month.
Answer:
12.71%
Explanation:
In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below
Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)
= 4% + 1.34 × 6.5%
= 4% + 8.71%
= 12.71%
The (Market rate of return - Risk-free rate of return) is also called market risk premium and the same is used in the computation part. We ignored the bets of Delta
