All categories

2 years ago

True or false: Saving files to provide an audit trail and review any remediations is not at all critical.

Business

1 answer:

Neporo4naja [7]2 years ago

5 0

This is false. Saving files to provide an audit trail and review any remediations is not at all critical.

<h3>What is the audit trail?</h3>

This is the term that is used to refer to the record of changes that have occurred in a given database.

The audit trail is used to show the sequence of activities that have taken place that may have an effect in the database.

You might be interested in

Which of the following is likely to increase a country's gross domestic product (GDP)?

antiseptic1488 [7]

Answer: In macroeconomics, gross domestic product (GDP) is a macroeconomic magnitude that expresses the monetary value of the production of goods and services of final demand of a country or region during a determined period, normally one year or quarterly.

GDP can be measured by adding up all the final demands for goods and services in a given period. In this case, the destination of the production is being quantified. There are four major areas of spending: household consumption (C), government consumption (G), investment in new capital (I) and the net results of foreign trade (exports-imports).

And it can also be measured by adding the income of all the factors that contribute to the production process, such as wages and salaries, commissions, rents, copyrights, fees, interests, profits, etc. The GDP is the result of the calculation by means of the payment to the factors of the production. All this, before deducting tax.

Thus the statements "b. An increase in Social Security expenses" as government expenses, "c. An increase in retirement and pension benefits to elderly citizens" as subsidies or transfers, and " d. An individual receiving an annual performance bonus of $5,000" as financial interest are likely to increase a country GDP.

3 0

3 years ago

Read 2 more answers

5. Harris Corporation has $250 million in cash and 100 million shares outstanding, Suppose the corporate tax is 35%, and investo

Ronch [10]

Answer:

$0.875

Explanation:

The computation of the stock price that changes upon the announcement is shown below:

As it given that

The corporate tax is 35%

So there is an effective disadvantage i.e. retention

Also, the stock price would be decline by 35% of cash

i.e.

= 35% × $250 million ÷ 100 million outstanding

= $0.875

Hence, the stock price is $0.875

3 0

3 years ago

For an interest rate of 12% per year compounded continuously, find (a) the nominal rate per year, (b) the nominal rate per quart

zhuklara [117]

Answer:

a.12% per annum

b.12% per annum

c. 12.55% per quarter

d. 12.68% per month

Explanation:

a. The nominal Rate is the base rate per compounding which in this case is 12% which is the base rate charged.

b.the nominal rate per quarter is 12 % because nominal interest rate is the base interest rate which means it is the given rate used as reference to calculate other rats.

c.The effective interest rate is calculated as follows by using the formula"

ieffective = (1+ inom/n)^n -1

where ieffective is the effective interest rate we are looking for per quarter.

inom is the nominal interest rate given which is 12%.

n is the number of periods per compounding so in this case 4 which is quarterly therefore we substitute the values to the formula above.

i effective= (1+12%/4)^4 -1 the we compute

i effective = 0.1255 x 100 then we multiply by 100 to convert to percentage.

therefore ieffective = 12.55% per quarter.

d. we calculate the effective interest rate per month using the above mentioned formula for effective interest rate:

ieffective = (1+ inom/n)^n -1

ieffective = (1+ 12%/12)^12 -1 we compute with a calculator

ieffective = 0.1268 then we multiply by 100.

ieffective = 12.68% compounded monthly

7 0

3 years ago

Assume that the required reserve ratio is 25 percent. If the Federal Reserve sells $120 million in government securities to the

earnstyle [38]

Answer: Option (B) is correct.

Explanation:

Given that,

Reserve ratio = 25%

Fed reserve bank sells (securities) to public = $120 million

When a central bank sells the government securities to the public then as a result money supply in an economy decreases. This is an instrument of monetary policy known as " Open market Operations".

The supply of money is directly decreases by $120 million.

and

Money creating potential of banks = Amount of securities × $(\frac{1}{rr} - 1)$

= 120 × $(\frac{1}{0.25} - 1)$

= 120 × 3

= $360 million

Hence, a decrease in money supply could eventually reach a maximum of $360 million.

5 0

3 years ago

Suppose on any given day there is an excess supply of reserves in the federal funds market. If the Federal Reserve wishes to kee

Dennis_Churaev [7]

Answer:

... then the appropriate action for the Federal Reserve to take is a <u>DEFENSIVE</u> open market <u>SALE</u>, everything else held constant.

Explanation:

Defensive open market operations are carried out to temporarily offset fluctuation in the market of securities (either too much or too little demand, or supply).

A defensive pen market sale will lower the supply of reserves without having to change the current interest rates. If it doesn't do anything, the interest rates will probably decrease.

4 0

3 years ago