Bank reconciliation is one of the components of the internal control system of an organization.
Option B is the correct answer.
<h3>What is internal control?</h3>
Internal control is applied to identify the accuracy and fairness of the accounting information being reported in the accounting records.
The bank reconciliation is a statement prepared to figure out whether the balances of the company's cash account are matched with the bank statement or not. If it is not matched, then what are the differences that lead to the non-matching of both the records.
Therefore, the internal control system of an entity comprises one of its processes called bank reconciliation.
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Explanation:
Wisynco Group Limited has 1,500 total employees across all of its locations and generates $195.02 million in sales (USD).
Answer:
a. WACC of the company before bond sale = Risk Free Rate + Beta * (Market return - Risk Free rate)
= 2% + 0.80 * 10%
= 2% + 0.80*0.1
= 2% + 8%
= 10%
b. Market value of Debt after Bond sales = $40,000,000
c. Market Value of equity = Current Value of Equity + Debt * tax rate - Debt
= 50*4,000,000 + 40000000*25% - 40000000
= 200000000 + 10000000 - 40000000
= $170,000,000
d. Weight of equity = Market value of equity / Total value of equity
= 170000000 / 200000000 + 10000000
= 170000000 / 210000000
= 0.80952381
= 81%
e. Cost of debt after bond sale = YTM * (1 - tax Rate)
= 12% * 0.75
= 0.09
= 9%
f. Cost of equity after bond sale = Risk Free Rate + Beta * (Market return - Risk Free rate)
= 2% + 1.20 * 10%
= 0.02 + 0.12
= 0.14
= 14%
g. Adjusted WACC = weight of debt * Cost of debt + weight of equity * cost of equity
= 19% * 9% + 81% * 14%
= 0.0171 + 0.1134
= 0.1305
= 13.05%
Answer:
(a) The present value of all future cash payments provided by a bond.
Explanation:
(a) The present value of all future cash payments provided by a bond.
The cash payment refer to both concepts, the coupon payment and the maturity.
Other option:
(d) (e)
The market value refer to the present value, because is the value today, so it cannot be based on a future value
(b) doing so, ignores the maturity payment. When the bonds is near maturity date, this value grows and is more important than the interest payment.
if a $1000 5% the bond matures in 2 years, the main componet will be the present value of the maturity not the interest.
(c) only consider the accrued interet at moment of sale, ignore the value of all the payment to come, the market value of the bonds.
Plus this will mean the market value of the bond will drop after each payment, becausethe accrued interest drop to zero. that doesn't happen.
Answer:
B. 27.32%
Explanation:
First we need to calculate the Net asset value per share at the start and end of the year
NAV at the start of the year = ($500 million - $80 million) / 15 million shares = $28 per share
NAV at the end of the year = ($600 million - ( ($600 million x 0.004) + $40 million ) / 16 million shares = $34.85 per share
Return = (NAV at the end of the year - NAV at the start of the year + Distribution received) / NAV at the start of the year
Return = ( 34.85 - 28 + 0.8 ) / 28 = 0.2732 = 27.32%