Provide Brief Descriptions of the Following Protocols: High-Level Data Link

question 27

Essay

Provide brief descriptions of the following protocols: High-level Data Link Control (HDLC) protocol and frame relay.

---

Definitions:

Weighted Average Flotation

An average calculation of flotation costs for new securities, weighted by the proportion each security contributes to the total amount issued.

Capital Structure

Capital structure describes the mix of a company's long-term debt, specific short-term debt, common equity, and preferred equity, which collectively finance the company's operations and growth.

Flotation Costs

Expenses incurred by a company in issuing new securities, including fees for underwriting, legal counsel, and registration.

Pre-tax Cost

The expense associated with an investment or action before the effects of taxes are taken into account.