Answer:
Find the balance sheet in attached excel file
Explanation:
Please note that the workings is before the final figures placed in respective columns.
Answer:
does not have the ability to produce revenue.
Explanation:
Cost center managers have the responsibility to manage all the transactions within the center. Cost center budget per year and all the expenses are also managed by the manager only. The manager also takes of the costs following the given budget and does not have any responsibility regarding the revenue.
A cost center manager does not have the ability to produce revenue.
Answer:
Annual Rate=7.35%
Explanation:
Calculation for the annual interest rate must they earn to reach their goal
Number of years =27
PV =280,000
FV =1,900,000
Using this formula
Annual Rate=(FV/PV)^(1/n)-1
Let plug in the formula
Annual Rate=(1,900,000/280,000)^(1/27)-1
Annual Rate=6.7857^(1/27)-1
Annual Rate=1.07349-1
Annual Rate=0.0735
Annual Rate=7.35%
Therefore the annual interest rate must they earn to reach their goal will be 7.35%
Answer:d. This type of fraud benefits top executives as it generally increases stock price.
Explanation:Fraud can be defined as a deliberate misrepresentation to gain an advantage over another party. Fraud comes in many different forms, including fraud in financial statements, the misappropriation of assets (theft) and subsequent cover-up, and disclosure fraud.
Fraud involves the false representation of facts, whether by intentionally withholding important information or providing false statements to another party for the specific purpose of gaining something that may not have been provided without the deception.
company committing fraud is taking advantage of information asymmetry; specifically, that the resource cost of reviewing and verifying that information can be significant enough to create a disincentive to fully invest in fraud prevention.
Report it to who? Kinda depends if your at school rub some dirt in it.. If your at home alone but a bandage on... If you fell off your bike and broke your leg and split your spleen in half then you should report it...
Hope this helps :)
