1) Mixed economies are a mix of Command (regulated by the government) and free (Market) economy - the answer is b)
2)Today most countries have a mixed economy, there are few (such as North Korea) which have a command economy, but none have a true free market (for example drugs are regulated)
3)Inflation means that one needs more money to buy the same goods - this is measured by a rising Consumer Prize index (answer d)
4) this indicator would be a steady, but low inflation - but inflation is bad for the economy but lack of inflation is not really stable
Answer:
Total $1,271.0564
Explanation:
We have bond of 10 years ago, so the bond is left with 5 years of life
<u>we need to calculate the present value ofthe cuopon payment:</u>
C 50 (1,000 x 5%)
time 10 (5 years 2 payment a year)
rate 0.02 (4% annual divide by 2 to get semiannually)
PV $449.1293
<u>and the present value of the principal</u>
Maturity 1000
time 5
rate 0.04
PV $821.9271
<u>We add both to get the present value ofthe bond</u>
PV c $449.1293
PV m $821.9271
Total $1,271.0564
Answer:
Basic EPS = $6.6
Diluted EPS = $5.06
Explanation:
The computation of basic and diluted EPS is shown below:-
Basic EPS = Net income ÷ Weighted average shares outstanding
= $660,000 ÷ 100,000
= $6.6
Interest on convertible bonds = 1,000,000 × 8%
= 80,000
Diluted EPS = (Net income + Interest on convertible bonds × (1 - Tax%)) ÷ (Weighted average shares outstanding + Shares from Convertible bonds)
= ($660,000 + 80,000 × 60%) ÷ (100,000 + 40,000)
= ($660,000 + 48,000) ÷ (140,000)
= $708,000 ÷ 140,000
= $5.06
In Texas, the second 30 days of the legislative session are
mainly reserved for the committee consideration of the bills and resolutions. Hence,
the Texas Constitution limits the duration of each special session to 30 days. Lawmakers
may consider only those issues designated by the governor I his call or proclamation
to come together in the special session.
If an auditor is asked to observe the overstatement of sales, the auditor trace transactions from The cash receipts diary should be linked to the sales journal.
<h3>How would an auditor detect the
overstatement of sales?</h3>
The auditor detect the overstatement of sales are given below-
- Observe a sample of transfers from the sales journal to the central ledger's sales account.
- Approve a sample of sales from the sales diary to the shipment papers.
Thus, The cash receipts diary should be linked to the sales journal.
For more information about overstatement of sales, click here:
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