Answer:
<em>The OIG's Workplan</em>
Explanation:
Work planning process for the Office of Inspector General (OIG) has always been vibrant and improvements have been created during the year to satisfy objectives, and with the available resources to anticipate and respond to emerging issues.
<em>The OIG Work Plan establishes various projects, such as OIG audits and evaluations which are yet to be established or arranged to be tackled by OIG's Audit Services Office and Evaluation and Inspections Office during the fiscal year and beyond.</em>
Answer:
The accrued interest payable to be reported on December 31, 2014 will be $240 and option a is the correct answer.
Explanation:
The interest rate given on the notes payable is the annual rate. Following the accrual basis of accounting, the revenues and expenses for a period should be matched and recorded in their respective periods. Thus, the interest relating to the period from October to December will be recorded as an expense on 31 December 2014 and debited to interest expense and credited to interest payable as the interest will be paid at maturity.
The interest expense for the 3 month period from October to December is,
Interest expense = 16000 * 0.06 * 3/12 = $240
The entry will be,
31 Dec 2014 Interest expense $240 Dr
Interest Payable $240 Cr
The insured is the person whose life is being covered against the risk under the policy.
Answer:
chad
neither
chad
Italy
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
The opportunity cost of Italy in producing one unit of grain = 5/10 = 0.5t dates
The opportunity cost of Italy in producing one unit of dates = 10/5 = 2grains
The opportunity cost of Chad in producing one unit of grain = 25/10 = 2.5 dates
The opportunity cost of Chad in producing one unit of dates = 10/25 = 0.4 grains
Italy has a comparative advantage in the production of grains while Chad has a comparative advantage in the production of dates
A country has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other countries. Chad produces 25t of dates while Italy produces 5t of dates, this shows that Chad has an absolute advantage in the production of dates. Both Italy and Chad produces the same quantity of grains so neither have an absolute advantage in the production of grains.
Answer:
The amount after 2 years will be $460590
Explanation:
The payment which is done 2 year from today = $200000
The payment which is done one year from today = $150000
Rate of interest = 3 %
So the amount after 1 year
The amount which is done today = $100000
So amount after 2 years
So total amount after 2 years = $106090+$154500+$200000 = $460590