Answer:
The face value of each bond was $1,100
Explanation:
Hi, well, first we have to assume that all the future cash flows make sense to the owner of the bonds, that is, we are assuming that he paid the fair price for all the bonds and since they were 10, the price of each bond was $9,855.57/10= $985.56.
Now, we need to find the face value of the bond, taking into account that we planned to sell the bonds $50 less than its face value, therefore the equation that we need to solve for "X" (X being the face value of the bond) is:
Where:
Coupon = X * 8%
Yield = owner´s money yield
n = periods of payment
X = Face Value
So, it should look like this:
So, the face value of each bond was $1,100
Best of luck.
(Coming from a non-expert) Miller Company shouldn’t only rely on this product and should periodically develop products that compete with their best-selling product evaluating their effectiveness on doing so. This is one of the many approaches the trillion company (Apple) has used throughout the years (making an Apple Watch so you don’t have to use your iPhone as often, improving the size and battery of the iPhone so you won’t need to use your iPad, improving the processing power of iPads so you won’t have to carry your MacBook everywhere and so on).
Answer:
The correct answer is C) observation of the entity's operations.
Explanation:
It is vitally important for the auditor to inspect the facilities of the plant and the offices of the company to be audited, in order to know their location, their operating conditions, the types of products that they distribute, the prevailing controls, etc.
During this phase, the auditor will observe the operations of the organization, emphasizing those of production and / or distribution in order to verify the way in which they are carried out to begin to enter the Internal Control knowledge and plan the methods of evaluation of it.