<span>Liability is on Darby because they were the one to write the original check and give it to the education loan management inc. Since the check wasn't accepted they have to take responsibility and liability for the fact that it was not accepted.</span>
Answer:
Check the explanation as follows.
Explanation:
a) If it is invested in US
Current= $40 million
Interest rate= 0.28% p.m
Interest for 1 month= $40 million*0.28%= $0.112 million
Interest for 3 months= $0.112*3= $0.336 million
Total value after 3 months= $40 million+$0.336 million = $40336000.
b) If it is invested in Great Britain.
Convert $40 million into Pounds= $40 million*0.639 = Pound 25.56 million
Ivest in Great Britain for 3 months @ 0.32%
Interest per month= 25.56 million*0.32% *3 = 0.245376
Total Pounds after 3 months= Pound 25.805376
Convert into $= 25.805376/0.642 = $40195289.7156
Value if invested in great britain= $40195289.7156
Answer:
C, the board of directors of IFS
Explanation:
The board of the IFS is ultimately responsible for the corporate climate that resulted in the use of substandard ingredients in the meals meant for the troops.
This is because the directors are the ones at the helm of affairs and they decide what happens in the IFS. This means that at least one of the directors is aware of the use of substandard ingredients . It can be said that if one knows, all other know. This phrase convieniently indicts the directors.
Cheers.
Answer:
Explanation:
(a). Audit Procedure (b) . Audit Objective
1.a Take note of trading/order paperwork with the pension (b). Existence of investment/accounts.
2a. Movement of funds within accounts. (b. Examine plan document for investment objectives
3a.make sure that investments agree with plan objectives and allowed risk level (b. Take note of current investment holdings
4a. Make sure that funds are held at updated market fair value(mark to market) (b. Take note of contracts, meeting minutes etc. Confirm that purchases/sales have been approved and falls into plan polices
5a. Extra examination of any significant plan holdings (b. Verify existence and appropriate value . This is important if the plan invest in non-public assets , example is assets are private, equity.
