Auditing :How to distinguish between test of control and substantive test

Bonds often pay a coupon twice a year. For the valuation of bonds that make semiannual payments, the number of periods doubles,

Vlad [161]

Answer:

Value of the Treasury note is $800,178.78

Explanation:

The price of bond can be calculated by discounting all the future cash flows associated with that bond

We will use the following formula to calculate the value of the Treasury note.

Value of Treasury note = C x ( 1 - ( 1 + r )^-n / r ) + ( F / ( 1 + r )^n )

Where

From the given statement in the question, it is concluded that the coupon payment is made twice a year.

F = Face Value = $1,000 ,000

C = Coupon Payment = $1,000,000 x 3% x 6/12 = $15,000

n = number of periods = 3 years x 12 / 6 = 6 peiods

r = Yield to maturity = 11% x 6/12 = 5.5%

Placing values in the formula

Value of Treasury note = $15,000 x ( 1 - ( 1 + 5.5% )^-6 / 5.5% ) + ( $1,000 / ( 1 + 5.5% )^6 )

Value of Treasury note = $74,932.95 + $725,245.83

Value of Treasury note = $800,178.78

4 0

3 years ago

Perhaps the most important reason that u.s. companies have moved industrial production abroad is?

nignag [31]

Perhaps the most important reason that u.s. companies have moved industrial production abroad is that the labor of the other nation is paid the low wages than the labor wages in US.

Job outsourcing occurs when U.S. companies hire the foreign workers instead of Americans.

Job outsourcing can help American companies to compete in the economy by keeping prices low, but simultaneously it has a negative effect on

America has lost local jobs to different countries labor such as China, Mexico, India, and other countries with lower wage standards.

Companies outsource domestically as well , they do not rely on the other countries completely U.S. employment but they have been increasing their reliance on freelancers or temp workers, as well as the part-timers.

To know more about job outsourcing here:

brainly.com/question/4129759

#SPJ4

8 0

2 years ago

Products are invented and revised by which department? marketing production research and development finance 2. what is the indu

Vanyuwa [196]

1. The answer is "research and development".

Research and development alludes to innovative exercises embraced by organizations or governments in growing new administrations or items, or enhancing existing administrations or products. Research and improvement constitutes the primary phase of advancement of a potential new administration or the creation procedure.

Research and development are exceptionally hard to oversee, since the characterizing highlight of research is that the analysts don't know ahead of time precisely how to achieve the coveted outcome.

2. The answer is "capstone courier".

Client buys and sensor organization money related outcomes are accounted for in an industry pamphlet called the Capstone Courier.

Successful organizations will think about the Courier to comprehend the commercial center and discover openings. As the reenactment advances and systems are executed, organization results will start to shift.

3. The answer is "wage increases".

Production department refers to a department that is straightforwardly associated with assembling items. Illustrations are the machining, completing, and collecting offices.

Production is the useful territory in charge of transforming contributions to completed yields through a progression of generation forms. The Production Manager is in charge of ensuring that crude materials are given and made into completed merchandise successfully. He or she should ensure that work is completed easily, and must manage methods for making work more productive and more charming.

4. The answer is "Borrowing Long-term debt , Borrowing Short-term debt and Issuing Stock".

Short-term debt alludes to any money related commitment that is either due inside a year time frame or due inside the current monetary year. The estimation of the transient obligation account is imperative while deciding an organization's execution.

Notwithstanding any short-term debts due inside a year, there might be a segment of long-term debt that is likewise incorporated into this record. This part relates to installments that must be made on any long-term debt throughout the year.

5. The answer is "marketing department".

The Marketing Department assumes a fundamental part in advancing the business and mission of an organization.A advertising division advances your business and drives offers of its items or administrations. It gives the important research to recognize your objective clients and different groups of onlookers. Contingent upon the organization's various leveled association, a promoting executive, director or VP of advertising may be in charge.

6. The answer is "true".

A proforma is being characterized as a standard record or proclamation in respects with back that could be alluded to as a technique utilized in methods for ascertaining the money related outcomes that are given.

Proforma financial statements are utilized for a full scope of budgetary examination and ought to be made toward the start of each money related arranging cycle or at whatever point an association is thinking about a stage that could have a huge monetary effect.

8 0

3 years ago

Julio is in the 32% tax bracket. He acquired 9,000 shares of stock in Gray Corporation seven years ago at a cost of $20 per shar

xxMikexx [17]

Answer:

example below

Explanation:

4 0

3 years ago

Assume the current U.S. dollar-yen spot rate is 90 ¥/$. Further, the current nominal 180-day rate of return in Japan is 1% (annu

Citrus2011 [14]

Answer:

Explanation:

Forward excahnge rate/spot exchange rate = (1+rh)/(1+rf)

rh - periodic interest rate in the home currency

rf - periodic interest rate in the foreign currency

Forward/90 = [1+1%*180/360]/[1+2%*180/360]

Forward = 1.005/1.01 * 90 = 89.55

Forward rate is 89.55 yen/$

3 0

3 years ago