Okay I have a small box style bedroom. When I started my Business, I noticed with my computer, and alot of packages getting stored, there was a possible fire risk. I can not install smoke alarms, however I can have a Fire Extinguisher, or a Fire Blanket. Which one is better suited to my application. If I do get an Extinguisher, it will be 2KG ABC. If I get a Fire Extinguisher, it will be a Kidde. Thanks
The best explanation I've come across is the rubber sheet analogy. Imagine space/time being a rubber sheet stretched and held tight. If you placed lead marbles on it, they'd make varying sized dimples on it, depending on the weight, (mass) of the marble itself. The larger dimples would have a more wide effect on the rubber sheet than the smaller, and would tend to pull in traveling objects from a farther distance, and have a more powerful pull.
The PV of the tax shield on a perpetual bond is equal to the tax rate times the amount of the bond so C is the correct answer. This answer assumes that they sell the bond for the face value of $500,000 How do we get this? Every year, there is an interest payment of 9% or $45,000. This is an expense so you deduct it from EBIT (ernings before interest and taxes). That means you don't have to pay taxes on it, so you are shielding the tax on $45,000. This is 35% of $45,000 or $15,750. This happens every year forever. This means that the tax shield is a $15,750 perpetuity. You should have learned how to find the PV of a perpetuity. It is: PV C/r where 'C' is the cash flow and 'r' is the appropriate discount rate. The appropriate discount rate here is the cost of debt which is 9%. This means that the PV of the tax shield is: PV $15,750 / 0.09 $175,000 While this is the usual convention for computing the value of the tax shield, it is actually slightly overstated. The discount rate reflects the possibility of losing the tax shield if the company defaults (it is built into the 9%) but it does not reflect the possibility that there may be years when the company does not make money but does not default (therebye losing the tax shield during those years). Consequently, the tax shield is actually worth slightly less at issuance.
I'd guess that you would fit in fine wearing a nice polo or colored shirt like that, tan or white breeches, a nice show belt and tall boots or clean leather half-chaps. Most of the time, when shows like this are put on, you won't be judged on how you look. However, you want to stand out to the judge as tidy and prepared for the show, without looking like you went overboard and wearing your formal dressage clothes. I'm not sure about the martingales or whips, but I'm guessing that it depends on the show. If it's a rated show, you probably can't have witps or martingales, regardless of your level. Ask your trainer or the person managing the show if you can use a martingale or not.
