Answer:
The correct answer is letter "A": more; less.
Explanation:
Misappropriation of assets and fraudulent financial reporting are two major issues caused by one single corporate problem: <em>fraud</em>. Misappropriation is said to be <em>more common</em> than fraudulent financial reporting since it implies using resources of the company that are at hand for personal uses. Instead, the harm caused by misappropriation is <em>less </em>than the caused by fraudulent financial reporting since the latter involves reporting fictitious expenditures, issuing checks in blank, booking "ghost employees", or even using the company's sensitive information -such as account numbers- at will.
Answer:
6.52%
Explanation:
Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.
As per Given Data
Face value = F = $1,000
Selling price = P = $1,036
Number of periods = n = 16.5 years x 2 = 33 periods
Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]
As we have the YTM, We need to calculate the Coupon Payment using YTM formula.
6.3% = [ C + ( $1,000 - 1,036 ) / 33 ] / [ ( $1,000 + 1,036 ) / 2 ]
6.3% = [ C - $1.09 ] / $1,018
C - $1.09 = $1,018 x 6.3%
C - $1.09 = $64.134
C = $64.134 + 1.09 = $65.224
Coupon Rate = 65.224 / $1,000 = 0.065224 = 6.5224%
Answer:
Global economic crimes consist of a wide range of economic offenses and include different forms of financial crimes that are committed. Examples of global economic crimes are money laundering, tax evasion, improper use of tax havens, embezzlement and bribery etc.
Global economic fraud is a sub set of global economic crime and consists of those actions that are considered as an intentional act of deception for the purpose of making financial gains. A dishonest advantage is gained through acts of global economic fraud. Examples of global economic frauds are identity fraud, banking fraud, investment fraud, and fraud by abuse of position.
Companies should be concerned about global crimes and frauds as these acts of crime and fraud may put companies in a position of disadvantage in the long run. These acts will dilute some of the value creation activities that companies are pursuing and in the long run these acts will prove detrimental to the value creation objectives of companies. Further the acts of crime and fraud increase the risk scenario in which companies operate and hence the chances of losing money increase manifold.
Companies should address the issue of fraud and crime in a tangible manner and approach to tackle them on a heads on basis. To address the issues companies should firstly recognize fraud when they first see and encounter it. For this companies will require robust fraud risk assessment framework in place. When motivations are identified beforehand then better controls will be put in place by companies, thus significantly reducing the chances of fraud and crime.
Answer:
Contribution per unit of Bran X = 51 cents
Contribution margin: 51 / 69 = 73.91%
Explanation:
<em>Retail price: 1.20</em>
retail margin of 35% --> thus the cost of good is 1.20 x ( 1 - 0.35) = 0.78
At this price the wholesalers trade to grosery store and others
wholesales margin 11.5% --> the price at which Alger sales the product to wholesalers:
0.78 x (1- 0.115) =<em> 0.6903 producer selling price</em>
Now from this, Horatio has the following variable cost:
variable manufacturing cost: 0.08
shipping and other cost: 0.03
sales persons 10% commision 0.06903
Total variable cost: 0.17903
Contribution per product: .6903 - 0.17903 = 0.51127 = 51 cents
Answer:
At June 30th, 2020 an investor will purchase the bonds at 197,327 which is the present value of the bond at the market rate.
<u>June 30th entries:</u>
interest expense 11,627.4 debit
discount on bonds payable 627.4 credit
cash 11000 credit
/effective method
interest expense 11,776.25 debit
discount on bonds payable 776.25 credit
cash 11000 credit
/straight-line method
the tables are attached to the answer.
Explanation:
effective method
procceds 193,790
face value 200,000
discount on bonds payable 6,210
bond rate 0.055 (11% annual / 2 payment per year)
market rate 0.06 (12% annual / 2 payment per year)
straight line:
6,210 / 8 (4 years and 2 payment per year) = 776,25
