Answer:
The correct answer is letter "D": the services of an independent auditor.
Explanation:
Every time an internal auditor feels there is inaccurate information on the company's books, <em>requesting for an external audit of a Certified Public Accountant (CPA) is a valid option</em>. Auditors must clarify any piece of information that seems ambiguous in a firm's general ledger. Otherwise, if mistakes or fraud are found, the auditor can be considered an accomplice of such activities.
 
        
             
        
        
        
Answer and Explanation:
d. All of these answer choices are correct.
 
        
             
        
        
        
$13.27 is the fund's number of shares outstanding
Solution:
Given,
The All-Star Basic Value Fund's portfolio is valued at $250 million
Liabilities of $23 million
Net asset value = 17,100,000
Now ,
To find , fund's number of shares outstanding :
NAV = ($250 million - $23 million)/17.1 million = $13.27
$13.27 is the fund's number of shares outstanding
 
        
             
        
        
        
Answer and Explanation:
As we know that
The assets, expenses contains debit balance while the liabilities, revenues and stockholder equity contains credit balance
So based on this, the classifications are as follows
Particulars    Type of account    Normal balance    Debit or credit     Reason
a. Land            Asset                      debit                       debit            resources on the owners hand        
b. Cash            Asset                      debit                       debit            resources on the owners hand 
c. Legal Expense  = expense        debit                        debit         consumption of cost
d. Accounts Receivable      Asset                      debit                       debit      resources on the owners hand 
e. Dividends    =     Equity                debit                          debit   distribution made to owners 
g. Notes Payable =   Liability            credit                          credit    obligation made to creditors 
h. Common Stock = Equity               credit                         credit    investment done by the owners 
 
        
             
        
        
        
Answer:
the annual pre-tax cost of debt is 10.56%
Explanation:
the beore-tax component cost of debt will be the actual market rate of the bonds, as they offer an interest rate of 11% but are selling at 104 points not at par thus, there is a difference between the rates.
We solve for the rate which makes the coupon and maturity 104
with excel or a financial calculator
PV of the coupon payment
 
 
C	5.500 (100 x 11%/2)
time	60 (30 years x 2 payment per year)
rate	<em>0.052787474</em>
 
 
PV	$99.4338 
PV of the maturity
  
  
 Maturity   100.00 
 time   60.00 
 rate  <em>0.052787474</em>
  
  
 PV   4.57 
<em><u>Adding both we should get 104 which is the amount the bonds is selling:</u></em>
PV coupon $99.4338 + PV maturity  $4.5662 = $104.0000 
The rate is generated using goal seek or wiht a financial calculator.
This rate is a semiannual rate, so we multiply by 2 to get the annual cost of debt:
0.052787474	x 2 = 0.105574947
The cost of debt for the firm is 10.56%