Answer:
Audit committee
Explanation:
Internal control is a system of ensuring that an organization's policies and procedures are complied with by its staff in order to protect the company's assets, ensure fraud is eliminated and also ensure financial integrity.
The audit committee ensures that the system of internal control implemented by the management is effective, hence its able to manage the risk inherent in the organization. The committee is also responsible for monitoring and evaluating the system of internal control in an organization inorder to ensure its effectiveness.
Explanation:
Administrative, Managerial, or Top Level of Management.
Answer:
$1,331.96
Explanation:
Present value (PV) refers to today's worth of cash flows to be received at a future date. The formula for PV is given as follows:
PV = F ÷ (1 + r)^n ......................................... (1)
PV = present value = ?
F = Future amount or note amount = $1,500
r = interest rate = 4% annually = 0.04 annually
= (0.04 ÷ 2) semiannually = 0.02 semiannually
n = number of compounding period = 3 years
= (3 × 2) semiannually = 6 semiannually
Substituting the figures above into equation (1). we have:
PV = $1,500 ÷ (1 + 0.02)^6
= $1,500 ÷ (1.02)^6
= $1,500 ÷ 1.126162419264
= $1,331.96
Therefore, the present value of the note at 4% per year compounded semiannually is $1,331.96.
Answer:
.............................
Explanation:
Answer:
d. beta did a better job of explaining the returns than standard deviation
Explanation:
Beta measures the systemic risk associated with the particular investment, it do not compute the total risk associated, which is more logical.
Standard deviation computes the total risk associated.
Some risk is natural, like the risk of floods, natural calamities, earthquake, etc:
That risk shall not counted as for comparison as that is associated universally. Further, the risk associated with particular factors like bankruptcy of a company, or some legal case issue of a company are precisely described by beta coefficient.
Thus, beta provides better details about explaining the returns.
