Answer:
C) examination of supporting documents
Explanation:
<em>Examination of supporting documents</em>, is a type of supporting schedule, which is designed to show detailed tests performed, does not tie into the general ledger, but must state a positive or negative conclusion about the objective of the test.
It's called an upselling
It's a common technique that a salesman/ marketing team use to increase profit with promise that the customer will get a better product or service
The example of an upselling is when you want to buy a cheap house, but the salesman manage to convinced you that buying another expensive house is good for your investment, and you buy the expensive one instead.
Answer:
$1,044.57
Explanation:
Price of the bond is the present value of all cash flows of the bond. These cash flows include the coupon payment and the maturity payment of the bond. We calculate the present value of both the coupon payment and the maturity payment.
According to given data
Face value of the bond is $1,000
Coupon payment = C = $1,000 x 8% = $80 annually = $40 semiannually
Number of periods = n = 15 years x 2 = 30 period
YTM = 7.5% annually = 3.75% semiannually
Price of the bond is calculated by following formula:
Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
Price of the Bond = $40 x [ ( 1 - ( 1 + 3.75% )^-30 ) / 3.75% ] + [ $1,000 / ( 1 + 3.75% )^30 ]
Price of the Bond = $713.17 + $331.40 = $1,044.57
Answer:
Answer is option C, i.e. is a list of all accounts and their balances after closing entries.
Explanation:
A post-closing trial balance is the third and last type of trial balance that contains a list of all the accounts that have been created and also all the balances even after the closing entry has been made. This is made after the closing entries have been made in the journal and posted to the ledger.
Answer:
$1,381.64
Explanation:
For this question, we determine the Future value. By applying the future value formula that is shown on the spreadsheet. Kindly find it below:
Data provided
Future value = $0
Rate of interest = 14% ÷ 2 = 7%
NPER = 5 years ××2 = 10 years
PMT = $100
The formula is shown below:
= -FV(Rate;NPER;PMT;PV;type)
So, after solving this, the future value is $1,381.64
