Answer: Subsequent events
Explanation:
Reviewing transactions is what gives accountability in organization, without this organizations would not know when they are running at a loss or making gains. The best time to do this is at the end of yearly transactions, the procedure required to verify this transactions are referred to as subsequent events, meaning events that happened as time went on.
This act is carried out most times by auditors
Answer:
1. 17.2%
2. 11.1%
Explanation:
In a research study carried out by Fama and French in 1992 titled "The Cross‐Section of Expected Stock Returns." Their findings showed that the stocks of firms within the highest decile of book-to-market ratios had an average annual return of 17.2%, while the stocks of firms within the lowest decile of book-to-market ratios had an average annual return of 11.1%
Hence, the correct answer to the question is: 17.2% and 11.1% respectively.
<span>Answer: Professor Marvel , the fortune teller.
Explanation: Dorothy wants to leave the farm to a far off place. She meets the fortune teller Professor Marvel down the road. The new location was not that far way which is the secondary key area as compared to the farm which is the tonic key.</span>
Answer: 1. TRUE
2. FALSE
3. TRUE
4. FALSE
5. FALSE
Explanation:
1. To calculate the Future value of an Annuity,
Future value =
=
= 2.373.94
2. Although the present table value and annuity value are correct, the annual payment is $16,084
3. An annuity is a series of equal payments at equal time intervals.
4. The present value of an annuity is equal to the sum of the present values for each payment.
5. This statement is false. If the factor for the present value of an annuity at 8% for 10 years is 6.7101, this implies that an annuity of ten $2,235 payments at 8% yields a present value of $15,000.