Answer:
$109,000
Explanation:
Average Investment = ( Initial Investment + Residual Value ) ÷ 2
Therefore,
Average Investment = ( $218,000 + $0) ÷ 2
= $109,000
Answer:
$1,081,434
Explanation:
<em>At indifference point, the present value of cash outflow equals present value of cash inflow.</em>
Present value of cash inflow = Annual cash inflow * PV annuity factor (12%, 5 years)
Present value of cash inflow = $300,000*3.60478
Present value of cash inflow = $1,081,434
So, the amount at which the firm would be indifferent between accepting or rejecting the investment is $1,081,434.
Answer:
C. hacking
Explanation:
Hacking is a term used to describe an unauthorized access to a computer data base for illegal purposes. It also means breaking into an organization's security data system either to corrupt data, steal information or disrupt certain activities.
Most hackers demand for monetary returns or cause collateral damage having gained unathourized access into an organization's data base.
There are several ways of hacking which includes;
Phising scam: An attempt to have access into a computer by making a user open an attachment or provide confidential information.
Malware attack: is a type of hacking attack which after being carried out, cripple activities of an entire organization including its business associate, government parastatals, customers etc in exchange for money.
Code break: This is where a secret software is installed to allow users hit a company' s data base through strings.
Organizations are beginning to expend money on their security systems by constantly updating them against any internal and external attack.
Answer:
$89,100
Explanation:
Let us first calculate annual gross rent for Year 1:
Total rent per month:
= 2 suites at $1,800 + 1 suites at $3,600 + 5 suites at $1,560
= $3,600 + $3,600 + $7,800
= $15,000
Annual gross rent = Total rent per month × 12
= $15,000 × 12
= $180,000
Effective gross revenue = Potential gross rent revenue - Vacancy and connection losses (10% of potential gross rent)
= $180,000 - $18,000
= $162,000
Net operating income = Effective gross revenue - Operating expenses including depreciation
= $162,000 - $72,900
= $89,100
When the auditors obtain an understanding of internal control for the financing cycle, documentation will frequently include a written description as well as a(n): Summary of tests of controls.
Why is it important for an auditor to obtain an understanding internal control?
The auditor should obtain an understanding of how IT affects control activities that are relevant to planning the audit. Some entities and auditors may view the IT control activities in terms of application controls and general controls.
When assessing the competence of the internal auditors An auditor should obtain information about the?
When assessing the competence of the internal auditors, an independent CPA should obtain information about the: quality of the internal auditors' working-paper documentation.
What are the specific duties imposed on the auditor regarding internal control and internal audit?
Assess the company's risks and the efficacy of its risk management efforts. Ensure that the organization is complying with relevant laws and statutes. Evaluate internal control and make recommendations on how to improve. Identifying shortfalls or gaps in processes
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