What is an expense statement?

In 2013 the national retailer target corporation suffered a major data breach that put at risk the financial information of an e

Ahat [919]

Answer:

Security policy failure

Explanation:

A security policy is a procedure that is to be followed to protect a company from threats, mostly computer security threats and what to do incase of occurrence.

A security policy identifies the business assets and sets up ways to protect them.

When security policy fails it results in results in business losses as is seen in when the National Retailer Target Corporation suffered a major data breach that put at risk the financial information of an estimated 40 million customers, and in 2009 the health care provider Bluecross Blueshield of Tennessee suffered a theft of hard drives when it reported 57 hard drives stolen.

5 0

4 years ago

A perfectly competitive industry exists under which of the following conditions? I. The product sold is similar across firms. II

Oksanka [162]

Answer:

I, II, and IV only

Explanation:

A perfect competition is defined by an idealizing market and shows that the market will reach equilibrium.

The prevalence of the perfect competition needs a larger number of buyers and sellers, well defined property rights and homogenous products, profits maximization, rational buyers and no barriers to entry and exit.

<u>An example of the agricultural markets as perfect competition, as there are numerous farmers that sell the same vegetables and fruits and have same prices. Another example is that of the foreign exchange markets was the trader's exchange currencies and sell identical goods.</u>

3 0

3 years ago

The Palace Hotel Group purchased Orange Roof Hotels for an estimated value of $120 billion. All the hotels previously owned by O

sveticcg [70]

Answer:

This scenario best illustrates an acquisition.

Explanation:

Acquisition refers to the situation where a company gains control of the other company by purchasing all or most of its shares. Acquisitions are common in small and medium-sized firms and may happen with or without the consent of the target company.

In the given example, Orange roof hotels are the target company that is being purchased by the Palace Hotel group which will now control the assets of the Orange roof hotels and take business decisions.

7 0

4 years ago

Read 2 more answers

Wages that have been earned by the employees of a governmental unit, but not paid at year-end, should be recorded in the General

maxonik [38]

Answer:

Expenditures

Explanation:

Wages are expenses. They are debited in the expenditures account. A general fund is used by the government to record the cash transactions as expenses or revenues. Therefore wages will be recorded as expenditures of the given period.

Fund balance is determined by accumulated expenditures over revenue.

Fund accounting includes general ledger , endowment ,grant. And general ledger has income and expense

5 0

4 years ago

has an investment worth $56,000. The investment will make a special, extra payment of X to XYZ in 2 years from today. The invest

tia_tia [17]

Answer:

The payment X that will be made two years from now is approx $17940.

Explanation:

The present value of the investment is $56000. To calculate the value of X, we first need to calculate the present value of the fixed annual payments made to XYZ.

The fixed annual payments made to XYZ is an annuity as the payments is fixed, is paid out after equal intervals of time and for a limited time period.

To calculate the present value of annuity, we will use the attached formula.

PV of annuity = 12000 * [(1 - (1+0.132)^-5) / 0.132]

PV of annuity = $42001.62278 rounded off to $42001.62 or we can round it off to be approx $42000

If the present value of fixed payments is $42000, the present value of X should be,

Present value of X = 56000 - 42000 = $14000

To calculate the value of X that will be paid in 2 years, we will calculate the future value of $14000 after 2 years. The formula for future value is as follows,

FV = PV * (1+r)^t

Where,

r is the rate of return
t is the time periods

FV of X= 14000 * (1+0.132)^2

FV of X = $17939.936 rounded off to approx $17940

So, the payment X that will be made two years from now is approx $17940.

4 0

3 years ago