Answer: Internal control system are required by Sarbanes-Oxley (SOX) to be documented and certified if the company's stock is traded on an exchange (a public company).
Explanation:
Internal controls are the procedures mechanisms and rules implemented by a business to ensure the integrity of its accounting and financial information, promote accountability, and also prevent fraud.
Besides complying with regulations and law and hindering employees from commiting fraud or stealing assets, internal controls can improve operational efficiency through the improvement in the timeliness and accuracy of financial reporting.
Internal controls are a vital business function for every company in the United States since the accounting scandals that occurred in the early 2000s. The Sarbanes Act of 2002 was to improve accuracy of corporate disclosures and protect investors from fraudulent activities.
Answer:
We should pay $46.50 for this stock.
Explanation:
The stock value is the present value of all the future dividends associated with the stock.
Following is the working to calculate the stock value.
Dividend
Year Dividend
_1 ____$1.20
_2 ___ $1.44
_3 ___ $1.73
_4 ___ $2.07
Use following formula to calculate the present value of all the dividends
Present value of Dividend = Dividend value x ( 1 + Expected interest rate )^numbers of years
Now calculate the present value of al the dividends
Year __Working ___________________________ Present values
_1 ____$1.20 x ( 1 + 6% )^-1 ____________________ $1.132
_2 ___ $1.44 x ( 1 + 6% )^-2 ____________________ $1.282
_3 ___ $1.73 x ( 1 + 6% )^-3 ____________________ $1.453
_4 ___ $2.07 x ( 1 + 6% )^-4____________________ $1.640
_5 to onward ___ [$2.07 / ( 6% - 2% )] x ( 1 + 6% )^-4 _ $40.991
Total _____________________________________$46.498
We should pay $46.50 for this stock.
Answer:
You'll need:
the ability to sell products and services
excellent verbal communication skills
the ability to use your initiative
to be thorough and pay attention to detail
leadership skills
maths knowledge
business management skills
customer service skills
to be able to use a computer and the main software packages confidently
Answer: fall, reducing, fall below
Explanation:
the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. Consider a soybean farmer who expects a price level of 100 in the coming year. If the actual price level turns out to be 90, soybean prices will __________ , and if the farmer mistakenly assumes that the price of soybeans declined relative to other prices of goods and services, she will respond by __________ the quantity of soybeans supplied. If other producers in this economy mistake changes in the price level for changes in their relative prices, the unexpected decrease in the price level causes the quantity of output supplied to __________the natural level of output in the short run.
