The effects of performing services for cash on the basic accounting equation are to increase both assets and owner's equity.
Performing services for cash affects the basic accounting equation, which is Assets = Liabilities + Owner's Equity. Let's see how it influences each of the components:Effects on Assets: The receipt of cash increases the assets account of the company. An increase in cash causes a rise in the cash account on the asset side of the basic accounting equation.
When the company offers services and receives payment in cash, the assets are increased by the amount of cash received. Effects on Liabilities: The performance of services does not affect the liabilities of a company. Therefore, liabilities are not affected when services are rendered and paid for in cash.
Effects on Owner's Equity: The owner's equity is increased by performing services and receiving cash payments. This happens because revenues rise when a company provides services, resulting in an increase in owner's equity. The effects of performing services for cash on the basic accounting equation are to increase both assets and owner's equity.
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In the first two years of a new car's life, it loses:
Answer:
30% of the resale value
Explanation:
Question 3
Having a bad credit history impacts every one of these items but one. Which is
the one item not impacted by bad credit history?
A. Your ability to get a car loan or any other type of loan.
B. The fact that I am a good person.
C. An employer's decision to offer you a job.
OD. The interest rate offered to you.
Answer:
B. The fact that I am a good person.
Explanation:
Credit history refers to a person's track record in borrowing and repayments of loans. It shows whether the individual has honored their debts in full and on time. Credit history is useful when applying for a loan from formal institutional lenders.
A bad credit history shows a person had issues in paying their loans. It affects their future borrowing as lenders may assess them as high-risk customers. Bad credit history attracts high-interest rates. Employers may judge some persons as poor money managers hence avoid hiring them.
Bad credit history is about debt payment but not who the person really is. Inability to repay loans may be caused by several factors such as illness or loss of income. A person's character remains the same regardless of their credit history.
The qualified business income deduction (QBI) is a tax deduction that allows eligible self-employed and small-business owners to deduct up to 20% of their qualified business income on their taxes. true or false
True. (The Qualified Business Income (QBI) Deduction, also known as Section 199A, allows owners of run-through businesses to claim a tax credit of up to 20% of their qualifying business income.)
What is qualifying business income?
QBI is the net amount of eligible items of income, profits, deductions and losses from qualifying transactions or businesses, including income from partnerships, S corporations, sole proprietorships and certain trusts.
Is an LLC a qualifying business income?
The QBI deduction applies to qualifying income from sole proprietors, partnerships, limited liability companies (LLCs) treated as sole proprietors or partnerships for tax purposes, and S corporations.
Is 1099 qualifying business income?
The income reported on Form 1099-NEC is self-employed income, not wages. Your net self-employed income is Qualifying Business Income (QBI) and is eligible for QBI deductions.
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DECISION MAKING Suppose the Tracers decide they want to adjust their budget
so they can save for a special summer vacation that will cost $5,000. How would
you suggest they go about revising their budget to meet their goal?
Explanation:
The tracers will have to adjust their budget before planing for a summer vacation for that they will have to be saving $1000 each every month .To revive their budget to meet their goal they will have to be planing their budget every day like $50
How do perception, learning and attitudes affect consumer decision making and how marketer influence these processes
Perception means how a person is thinking, learning refers to acquiring new knowledge and attitudes means feeling towers the product or service. Consumer decision-making is significantly influenced by perception, learning, and attitudes.
Perception, learning, and attitudes are all important factors that affect consumer decision making. Perception influences how a consumer interprets and evaluates stimuli in the marketplace. Learning affects how a consumer learns from past experiences and develops buying habits. Attitudes influence a consumer's predisposition towards a product or service. Marketers can influence these processes by designing their campaigns to appeal to the target audience's senses, past experiences, and biases.
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The AutoSum icon is located in
which of the following groups on the
Home tab? *
Answer:
The AutoSum option can be found in two areas: It is contained in the Editing group of the ribbon, as shown in the first example above. It can also be found under the Formulas tab.
positioning a product or brand effectively involves taking four steps, one of which is
a. Deciding whether to keep or delete a product group or item
b. Deciding which of your competitors would be the most effective partner in a corporate merger
c. Developing a new marketing program that conforms to your leading competitors offering
d. Indentifying market niches that were not previously discovered during the market segmentation process
e. Discovering how target costumers rate competing products or brands with respected to important attribute for the class
option A. Positioning a product or brand effectively involves taking four steps, one of which is The step that involves deciding whether to keep or delete a product group or item
What does it mean to position a product?Positioning a product refers to the process of creating an image or identity for a product in the minds of consumers in relation to its competitors.
The goal of product positioning is to create a unique and compelling perception of the product in the eyes of the target market, and to differentiate it from the competition. This involves identifying the unique features and benefits of the product, understanding the needs and wants of the target audience, and crafting a marketing message that resonates with them.
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an organization that practices purchasing products from different vendors is demonstrating which security principle?
An organization that practices purchasing products from different vendors is demonstrating the diversity principle of security.
What do you mean by Vendor?A vendor is a company or individual who sells a product or service.
The idea behind defense diversity is that using security systems from different vendors reduces the chances of a common bug or configuration error compromising them all.
Representation is critical in cyber security, not only for teams to match the diversity of those conducting cyber-attacks but also for teams to represent the groups they are protecting. Due to assumptions in end-user knowledge, a lack of diversity can lead to gaps in cyber security training.
Therefore, It demonstrates the diversity principle of security.
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Suppose the absolute prices of goods X, Y, and Z are $23, $42, and $56, respectively.
a. What is the relative price of X in terms of Y?
b. What is the relative price of Y in terms of Z?
c. What is the relative price of Z in terms of X?
As a result, the relative value of X to Y is roughly 0.5476. In relation to Z, Y has a relative cost of about 0.75. Furthermore, Z's relative cost to X is around 2.4348.
We divide one good's price by another's price to get the relative pricing of the two goods.
a. The relative cost of X to Y
Price X minus Price Y equals the relative price.
Relative cost is equal to 23/42, or 0.5476.
b. Y's relative cost in relation to Z:
Relative pricing is equal to Y minus Z.
Price relative = $42 / $56 0.75
b. The relative cost of Z to X
Relative price is equal to Z minus X.
Price relative: $56 / $23 = 2.4348
These relative prices indicate the ratio of prices between the goods, allowing for comparisons and analysis of their price relationships.
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How do government regulations affect supply and demand? In a paragraph, explain how a government regulation to increase bicycle safety might affect supply and demand. The new government regulation requires bicycle manufacturers to put a chain guard on the bicycles they make. Would that affect the supply of bicycles? Give reasons for your answer.
First off, the new legislation would require money from bicycle makers for research and development, a redesign of their production process, and implementation. This might raise their prices.
How do government policies impact supply and demand?Demand is mostly affected by economic regulations like the GST and excise charge. If taxes are high, the cost of that product will also be high, which will result in a decrease in demand as a result of the price increase, and vice versa.
How can the government boost demand?The government may create demand by decreasing taxes and increasing spending. Lower income taxes will increase disposable income and encourage spending. More government spending will stimulate the economy and bring about job growth.
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Suppose that over a 30-year period Buskerville’s price level increased from 72 to 138, while its real GDP rose from $1.2 trillion to $2.1 trillion.Instructions: Round your answers to 1 decimal place. Use simple (not compounded) growth calculations for the percentage change.a. Did economic growth occur in Buskerville? (Click to select)YesNo.If so, by what average yearly rate in percentage terms? percent.b. Did Buskerville experience inflation? (Click to select)NoYes.If so, by what average yearly rate in percentage terms? percent.c. Which shifted rightward faster in Buskerville: its long-run aggregate supply curve (ASLR ) or its aggregate demand curve (AD)? (Click to select)ADAS.
We know that if AD shifted faster, there would be inflation pressure in Buskerville, which is consistent with the increase in price level.
Over the 30-year period, Buskerville's real GDP rose from $1.2 trillion to $2.1 trillion, indicating economic growth occurred.
To calculate the average yearly rate of economic growth, we can use the formula (final value/initial value)^(1/number of years)-1. Applying this formula, we get an average yearly growth rate of 2.1%.
Additionally, Buskerville experienced inflation as its price level increased from 72 to 138. To calculate the average yearly rate of inflation, we can use the formula ((final value/initial value)^(1/number of years)-1) * 100. Applying this formula, we get an average yearly inflation rate of 2.0%.
Finally, we can determine which curve shifted rightward faster by comparing the percentage change of ASLR and AD. Without the numerical values of the ASLR and AD, we cannot determine which shifted faster.
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The Shell Corporation has a 34% tax rate and owns a piece of petroleum-drilling epidament that costs $123,100 and will be depreciated at a CCA rate of 30%. Shell will kase the equipment to others and each year receive $34,000 in rent. At the end of the years, the firm will sell the equipment for $33,500. All values are presented in today's dollars Calculate the overall present worth of these cash flows with tax effects if market interest rate is 10% and annual inflation rate is 2%.
So, the overall present worth of these cash flows with tax effects is $17,847.65.
The overall present worth of these cash flows with tax effects can be calculated using the present value formula, which is:
PV = FV / (1 + r)^n
where PV is the present value, FV is the future value, r is the interest rate, and n is the number of periods.
In this case, the future value is the equipment's cost minus its salvage value at the end of its useful life. The salvage value is calculated by subtracting the accumulated depreciation from the equipment's cost.
The salvage value of the equipment at the end of its useful life is calculated as follows:
Salvage value = Cost - Accumulated Depreciation
Salvage value = 123,100−123,100 * (34/100) = $98,647
The future value of the equipment is therefore:
Future value = 123,100−98,647 = $24,453
The interest rate is the tax rate, which is 34%. The number of periods is the number of years that the equipment will be rented, which is 4 years.
PV = Future value / (1 + 34/100)^4
PV=24,453 / 1.344
PV = $17,847.65
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Megha is a taekwondo expert who starts her own martial arts training academy. She conducts taekwondo classes for women and teaches them the art of self-defense. Megha can be regarded as a(n)
As Megha, who is a taekwondo expert that starts her own martial arts training academy, also conducts taekwondo classes for women and teaches them the art of self-defense, then, Megha can be regarded as an entrepreneur.
Who is an entrepreneur?This refers to the individual that starts and runs a business with limited resources, planning and responsible for all the risks and rewards of their business venture. Their business idea often entails a new product or service rather than an existing business model.
Because of the features possessed by an entrepreneur, therefore, Megha can be regarded as an entrepreneur because of her taekwando classes.
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The managerial function of leading: is a part of the planning process. involves monitoring the organization s progress toward its goals. is the set of processes used to get members of an organization to work together. involves setting an organization s goals and deciding how best to achieve them.
Answer:
is the set of processes used to get members of an organization to work together.
Explanation:
Management can be defined as a strategic process which typically involves analyzing, planning supervising, organizing, controlling and coordination of employees and business activities in order to successfully achieve organizational goals and objectives.
Generally, there are four (4) main components associated with the management of business activities and employees, these includes planning, organizing, leading and controlling.
The managerial function of leading is the set of processes used to get members of an organization to work together. Thus, leading a team of workers working in an organization simply involves communication, motivation, inspiration, direction, guidance and support of these employees in order to enhance their level of output or production at all times.
The managerial function of leading: is a part of the planning process is the set of processes used to get members of an organization to work together, third option is correct.
In order to successfully achieve organizational goals and objectives, management is often characterized as a strategic process that involves analysis, planning, supervision, organizing, regulating, and coordinating of personnel and business operations.
The management of corporate operations and personnel generally consists of four key elements: planning, organizing, leading, and controlling.
The collection of procedures used to get team members in an organization to collaborate is known as the management function of leadership. So, managing a group of people in an organization simply entails communicating with them, inspiring them, directing them, guiding them, and supporting them so that their output or production is always at a higher level.
Thus, third option is correct.
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As archaeologists continue to excavate pompeii, they find tangible traces of roman culture verbisections
Archaeologists uncover tangible traces of Roman culture in Pompeii through meticulous excavations and discoveries.
What tangible evidence of Roman culture has been found?Through ongoing excavations in Pompeii, archaeologists have unearthed a wealth of tangible evidence that offers a glimpse into the daily life and cultural practices of the ancient Romans.
The well-preserved ruins of buildings, intricate frescoes, detailed mosaics, household artifacts and even human remains provide invaluable insights into various aspects of Roman society such as architecture, art, social structure, domestic life, religious practices and even tragic historical events.
Full question:
As archaeologists continue to excavate pompeii, they find tangible traces of roman culture verbisections. What traces did they found?
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If a door to door salesman refuses to leave your front doorstep unless you buy a vacuum, this is a contract that can be invalidated because it was created under accusation. True or false
Answer: False
Explanation:
The above statement is false because it was not created under accusation. According to the question, the buyer wasn't accused of anything.
Rather, the contract can be invalidated because the contact was created under duress. The buyer was forced to buy it and was under duress as the seller refused to leave his house. Therefore, the contact can be invalidated.
Sam is carrying a balance on his credit card of $500. The credit limit on the card is $1,500. What is his utilization rate?
The utilization rate of Sam that carrying a balance on his credit card of $500, that having a limit of $1,500, is 33%.
What is credit card?Credit card is a plastic card that is used for withdrawing the excess amount from the bank account. This card is generally issued by the banks to their customers.
Sam's credit card use rate is 33 percent because he has a $500 load on his card with a $1,500 limit.
Therefore, the utilization rate is 33%.
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Click this link to view O*NET’s Tasks section for Municipal Firefighters. Note that common tasks are listed toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common tasks performed by Municipal Firefighters? Check all that apply. directing traffic at accident sites analyzing evidence of criminal activity guarding crime suspects until they can be arrested searching burning buildings to locate victims rescuing victims from burning buildings and accident sites administering first aid and cardiopulmonary resuscitation to help injured people
Answer:
it's D E F
Explanation:
Answer:
i got abd on edg
Explanation:
Luis makes $23. 10 per hour at his job for the first 40 hours he works each week. If he works more than 40 hours, then Luis makes $34. 65 per hour. If Luis works 46 hours in one week, how much does he earn? a. $1,062. 60 b. $1,097. 25 c. $1,131. 90 d. $1,593. 90.
The correct statement will be that Luis earns $1131.90 in each week if he works for more than 46 hours at the standard rates of the salary. So, the correct option is C.
The amount can be calculated by the summation of the first 40 hours at the normal rate of salary and the next 6 hours at the increased rate of salary as given in the example above.
Hourly pay is the rate of salary where the salary is not determined upon the work done in number of hours and does not get determined on the performance during such hours of service.We can calculate the rate of salary as using the calculations below,\(\rm Salary\ for\ First\ 40\ Hours= 40\ x\ \$23.10\\\\\\\rm Salary\ for\ First\ 40\ Hours=\$924\)Now calculating the salary for the additional 6 hours worked at the newer rate as below using the similar formula,\(\rm Salary\ for\ First\ 40\ Hours=6\ x\ \$34.65\\\\\\\rm Salary\ for\ First\ 40\ Hours= \$207.90\)We have the values of salaries of both such hours. Now doing the summation of both the salaries we get,\(\rm Total\ Salary= \rm Salary\ for\ First\ 40\ Hours+\rm Salary\ for\ 6\ Hours\\\\\\\rm Total\ Salary= \$924+ \$207.90\\\\\\\rm Total\ Salary= \$1131.90\)It is obtained that Luis earned $1131.90 for the week at the different rates of hourly pays as provided.Hence, the correct option is C that Luis has earned $1131.90 by working 46 hours in a week.
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Dexter has recently joined an organization. His trainer, ken asks dexter to follow certain processes to complete his work faster. Dexter follows the processes without questioning ken. Which one of Aristotle's elements of good communication is being exemplified in the communication between dexter and ken?
Answer:
Ethos
Explanation:
Ethos is one of the three Aristotle's elements of good communication that is based on credibility. It explains the reason why a listener should believe what you are saying to them.
This can also come as a result of ones position and in the environment where he is communicating or because of his expertise and skills and knowledge in the subject of communication which actually convince the listeners that you are more knowledgeable.
Ken's position as Dexter's trainers makes allows his credibility to Ken.
Answer:
Ethos
Explanation:
Answered it right on edmentum
The management function that anticipates trends, then determines strategies and tactics to achieve them is:.
Planning corresponds to the management function that anticipates trends and determines strategies to achieve organizational goals and objectives.
PlanningIt is the identification of the strategy that will help a company to achieve its marketing objectives, be well positioned and competitive in the market.
Managers who will develop a company's strategic, tactical and operational planning must understand its set of values and resources and use them optimally in the form of specific actions to achieve efficiency that will make a company successful.
The correct answer is:
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What is fiscal policy and what are the three goals of fiscal policy?
Answer:
Fiscal policy is the use of public expenditure and taxation to affect the economy, particularly macroeconomic conditions. These include employment, inflation, economic expansion, and the total demand for goods and services.
The three goals of fiscal policy are :
to achieve or maintain full employment a high rate of economic growth, and price and wage stabilization.Explanation:
Fiscal policy may be of two kinds : Expansionary fiscal policy: Here, the tax rates are lowered or spending is increased to boost the overall demand and promote economic growth. The rationale behind this strategy is that when people pay less in taxes, they have more money to invest or spend, which increases demand. Because of this demand, businesses increase hiring, which lowers the unemployment rate and intensifies the labor market. As a result, salaries will rise and consumers will have more money to spend and invest. It's a positive feedback loop or cycle.Contractionary fiscal policy: Here, the rates are raised or spending is reduced to stop or lower inflation. To do this, the government raises taxes, cuts spending, and eliminates employment or lowers wages in the public sector.To know more about fiscal policy, visit :
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Answer: "Fiscal policy refers to the use of government spending and tax policies to influence economic conditions, especially macroeconomic conditions. These include aggregate demand for goods and services, employment, inflation, and economic growth."
Explanation:
The three goals of fiscal policy are:
Inflation rate: it refers to the rise in cost of goods and service and decrease in purchasing power. For example, if the rate of inflation is 5%, than your $5.00 morning cup of coffee will cost you $5.25 in a year. In most countries, central banks try to maintain an inflation rate of not more than 3%.Full employment: means low unemployment rate.GDP: Gross Domestic Product (GDP) needs to be at increasing rate.https://brainly.com/question/13982103?referrer=searchResults
purchasing and supply chain management (the mcgraw-hill/irwin series in operations and decision) 3rd edition pdf
"Purchasing and Supply Chain Management" is a textbook within the McGraw-Hill/Irwin series in operations and decision making. It serves as a comprehensive resource for understanding the principles and practices of purchasing and supply chain management.
Covering topics such as procurement, supplier selection, negotiation, logistics, inventory management, and strategic decision-making, the book offers valuable insights into effectively managing the flow of goods and services within a supply chain.
With its practical approach and real-world examples, the book equips students and professionals with the knowledge and tools necessary to optimize purchasing decisions, enhance supplier relationships, and streamline overall supply chain operations.
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This question is not complete, Here I am attaching the complete question:
Explain this article "purchasing and supply chain management (the mcgraw-hill/irwin series in operations and decision) 3rd edition pdf."
When Blu-Ray disc players were new, they could cost around $1,000 and there were a limited number of discs available that would play on them. Stef and Garth waited, concerned with limited availability of discs and wishing for more choices in the market. By the time they purchased a Blu-Ray disc player, sales had leveled off and prices had declined significantly. Stef and Garth were part of the ________ diffusion of innovation group.
In being concerned about the Blu-Ray players and only adopting them late, Stef and Garth can be classified as part of the Late Majority diffusion of innovation group.
The Diffusion of Innovation Theory posits that there are different stages to adopting new technology such as:
Innovators - these are the first to get a product. They show little skepticism and are willing to try new things. Early Adopters - these are the second to get a product and are typically young and adventurous Early Majority - these are the third to get a product and do so when the product is in fashion Late Majority - these ones get the product when it is out of fashion and is cheaper because they were quite skeptical about it.Stef and Garth are therefore part of the late majority because they only got the disc players after they were out of fashion because they had initial skepticism.
In conclusion, Stef and Garth are part of the late majority.
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Banks do not hold a lot of their assets in the form of cash mainly because of:
a. regulation.
b. the fear of being robbed.
c. the opportunity cost of holding cash, cash does not earn interest.
d. it can encourage employee theft.
Banks do not hold a lot of their assets in the form of cash mainly because of the opportunity cost of holding cash, cash does not earn interest. The correct option is C.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
The interest that could have been made if the cash had been used to buy bonds instead is the opportunity cost of keeping any money balance.
Therefore, due to the opportunity cost of holding cash and cash does not earn interest banks does nor prefer to hold a lot of their assets in the form of cash .
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When does a change in price in a market cause a change in demand?
Answer:
If a product is doing good in sales, the price goes up.
If a product does bad in sales, the price goes down.
Hopefully this helps!
A. trade-off
B. investment
C. frontier
D. growth
Answer:
The answer is "Option C"
Explanation:
The curve on the graph is also known as the arc, which is used in the connected mixture of perceptual lines to three additional lines in standard dual points. The Frontier production options is a nice graph of all the various output mixture of different products which can be produced utilizing existing techniques and knowledge.
What is something that will not help you get a higher credit limit?
A: Paying off the balance of the credit card each month
B: Asking the banking company for a higher limit on your credit card
C: Maxing out the credit card and only making the minimum payment each month
D: Making more money at your job (More personal income)
Maxing out the credit card and only making the minimum payment each month is something that will not help you get a higher credit limit. A credit limit is the most money you are permitted to spend on a credit card or line of credit by a lender.
If a credit card company grants you a credit limit of $2,500, that is the most you may ever have charged to the card payment . If you charge $1,900 to your card, you will have $600 left over that you can use without paying a fee or being restricted from using the card limit further.
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read the case study ,(a)study the job description . do you think bill is looking to recruit an experienced shopassistant , what evidence is there to support your answers.
It is clear that Bill is looking to recruit an experienced shop assistant.
What is a shop assistant?Generally, From the job description, it is clear that Bill is looking to recruit an experienced shop assistant. The job description specifically states that the successful applicant will have "significant experience in a retail environment."
Additionally, the job description notes that the ideal candidate should have "prior experience in customer service, cash handling, and stock management" - all skills that are important in a shop assistant position.
The job description also mentions that the successful candidate should have "excellent communication and organizational skills," which are also key skills for a shop assistant.
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The common stock of ABC, Inc., has a beta of 1.13 and a standard deviation of 21.4 percent. The market rate of return is 12.7 percent and the risk-free rate is 4.1 percent. What is the cost of equity for this firm
Answer:
The appropriate answer is "13.82%".
Explanation:
Given:
Risk free rate,
\(R_f=4.10\)
Beta of stock,
\(\beta=1.13\)
Market rate,
= \(12.7\)
Now,
The market risk premium will be:
⇒ \(R_p\) = \(Market \ rate-Risk \ free \ rate\)
= \(12.7-4.1\)
= \(8.60\) (%)
hence,
The cost of equity will be:
⇒ \(r=R_f+\beta\times R_p\)
\(=4.10+1.13\times 8.60\)
\(=4.10+ 9.718\)
\(=13.82\) (%)