Answer:
Bond Price = $580.2640476 rounded off to $580.26
Explanation:
A zero coupon bond is a kind of bond that does not pay interest to the bond holder like other bonds. Instead it is offered at a discount price and pays the par value at maturity. The discount price is calculated using a certain rate which can also be called the implied interest rate on this zero coupon bond. The formula to calculate the price of the zero coupon bond is,
Bond Price = Par Value / (1 + r)^t
Where,
- r is the interest rate or the discount rate
- t is the number of periods to maturity
Bond Price = 1000 / (1+0.115)^5
Bond Price = $580.2640476 rounded off to $580.26
Answer:
Business Process Re-engineering is business philosophy that seeks to improve product by eliminating causes of product defects and making quality an all-encompassing organizational watchword.
Hence A is correct
Explanation:
It is an holistic approach to rearranging business and organisation's workflows with a view to identifying sub-optimization and inefficiencies that are deep-rooted in its processes which are cost-consuming but do not add value to business bottom-line(profitability).
Implementing a BPR project is a painstaking effort in that it is a way of telling employees to dump old ways of doing of things which they are probably more comfortable with and embrace change.This is the case as an average human tends to resist change.
In 8 years, Dania Corporation's sales would be $936.33 million.
Solution:
Since last year sales = $525 million,
Let last year be Year 0
So, in year 0 = $525 million.
Sales grow = 7.5% per year,
Year 1,
525 x 1.075 = $564.375 million.
Year 2,
564.375 x 1.075 = $606.7 million
Year 3,
606.7 x 1.075 = $652.2 million
Year 4
652.2 x 1.075 = $701.12 million
Year 5
701.12 x 1.075 = $753.7 million
Year 6
753.7 x 1.075 = $810.23 million
Year 7
810.23 x 1.075 = $871 million
Finally in year 8
871 x 1.075 = $936.33 million
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The general guideline for the segregation of duties is that the following areas should be separated by accounting controls : 1. custody of assets, 2. authorization of transactions, and 3. record-keeping responsibilities.
<h3>Give a brief account on segregation of duties.</h3>
The assignment of distinct steps in a process to different personnel is known as the segregation of duties. By exercising extreme control over a process, the goal is to prevent situations in which someone might steal something or do another fraud. In essence, distinct parties should have physical custody of an asset, record-keeping responsibilities for it, and acquisition and disposal authority.
A key component of a control system is the separation of roles. When evaluating an entity's system of internal controls, auditors will consider duty segregation and will give the system a lower rating if there are any segregation problems.
The auditors will change their methods when there are segregation problems because they will presume that the danger of fraud has increased. This method shift typically entails a rise in audit workload, which is passed on to the customer in the form of higher audit fees.
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