Answer a
The stakeholder in this situation arer as follows =>
1. Scott
2. Managemnet of a Company
3. The Financial Community.
Answer b
Ethical Issues are ;
Loyalty of Scott towards Company and its management.
He should excercise due vigilence while making projections for sales.
Answer c
Possible Actions are
1. Ignore the matter
2. Inform then Boss or Management.
3. Inform the boss and follow the standard procedure
I would have told the management of the error I made if I were in his place, showing my integrity and loyalty to the company without realizing that my integrity might jeopardize my promotion. But being ethical and trustworthy will also benefit me in the long run.
Answer: d) obligations arising from past transactions and payable in assets or services in the future.
Explanation:
Liabilities are financial obligations meant to be catered for by an organization in the running of its business.
Answer:
Question 1)
Decrease in money supply = Decrease in checking account / Required reserves ratio
Decrease in money supply = $25,000 / 0.05
Decrease in money supply = $500,000
NOTE: As per Answering Policy, first question is answered.
Explanation:
Question 1)
Decrease in money supply = Decrease in checking account / Required reserves ratio
Decrease in money supply = $25,000 / 0.05
Decrease in money supply = $500,000
NOTE: As per Answering Policy, first question is answered.
Answer:
5.784%
Explanation:
PV = $91000
PMT = -$1750
N = 60
FV = $0
<em>Using the financial calculator to solve for I/Y</em>
Interest yield = CPT I/Y(91000, -1750, 60, 0)
Interest yield = 0.00482
Interest yield = 0.482%
Highest rate APR = 0.482%*12
Highest rate APR = 5.784%
So, assuming monthly compounding, the highest rate i can afford on a 60-month APR loan is 5.784%.