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garik1379 [7]
3 years ago
14

Public companies under the jurisdiction of the Securities and Exchange Commission are required by law to hire a certified public

accounting firm (independent auditor) to assess whether their published financial statements are in compliance with Generally Accepted Accounting Principles (GAAP). This statement is:_______.
Business
1 answer:
skad [1K]3 years ago
7 0

Answer:

True

Explanation:

In case of the public companies who are in control of the Securities and Exchange Commission have a requirement to hire an independent auditor we can say Chartered Accountant (CAs) who give their views upon the financial statements that are published whether they are in compliance of Generally Accepted Accounting Principles (GAAP).

Based on this, the independent auditor give the qualified or unqualified opinion

Therefore, the given statement is true

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_____ holds data when the computer is off or during the course of a program's operation.
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The word to fill the blank space is "S<span>econdary Memory".
Complete sentence will be as below:

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3 years ago
A firm is reviewing an investment opportunity that requires an initial cash outlay of $336,875 and promises to return the follow
Fofino [41]

Answer:

The NPV of this investment is $64,581.75

Explanation:

Hi, we need to discount to present value all the future cash flows, the formula to use is as follows:

NPV=-Investment+\frac{CF1}{(1+r)^{1} }+\frac{CF2}{(1+r)^{2}} +\frac{CF3}{(1+r)^{3}} +\frac{CF4}{(1+r)^{4}} +\frac{CF5}{(1+r)^{5}}

Where

NPV = Net Present Value

CF = The cash flow stated in the problem by year

r= discount rate (in our case, 0.08 or 8%)

Now, let´s solve this.

NPV=-336,875+\frac{100,000}{(1+0.08)^{1} }+\frac{82,000}{(1+0.08)^{2}} +\frac{76,000}{(1+0.08)^{3}} +\frac{111,000}{(1+0.08)^{4}} +\frac{142,000}{(1+0.08)^{5}}

NPV=-336,875+ 92,592.59 + 70,301.78 + 60,331.25 + 81,588.31+96,642.81

NPV=64,581.75

So, the net present value of this project is $64,581.75

Best of luck.

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