"Guns or Butter" referrs to how you make decisions (i believe) guns you know its right or it is butter you are guessing and not sure if it is or not.
Answer:
True
Explanation:
until the bond matures the market value of the bond will always be below its par value. Especially if the required rate of return on a bond (rd) is greater than its coupon interest rate.
Hence the statement is very true.
Answer:
Few controls can be used to prevent or detect personal purchases on company's credit cards.
Explanation:
Following controls can be taken to prevent or detect personal purchases on company's credit cards:
1. One should make sure that the company policy clearly forbids all purchases that are personal with company funds.
2. Same employee should not be allowed to originate purchases and then approve them too.
3. Controls can be installed to know if there are multiple purchases under employees approval limits.
4. Also, there should be a maximum limit of purchase for each employee.
5. Any invoice which is not related to company should be checked regularly.
Answer:
$29,185.98
Explanation:
Compounding and discounting are the methods used to determine the relationship between present and future value.
Compounding is the method used to determine the future worth of an amount today while discounting is the method used to determine the present value of a future amount.
Both are related by
Fv = Pv(1 + r)^n
where Fv = future amount
Pv = present value
r = rate
n = time
Therefore,
35000 = Pv(1 +0.037)^5
Pv = 35000(1 +0.037)^-5
Pv = $29,185.98
You would have to deposit $29,185.98 to be able to make the down payment of $35,000 on a house in 2 years
Answer:
d. $8,300.
Explanation:
Direct Materials
Beginning 8,200
Purchases *16,800
Requisitions 18,400
Ending 6,600
We solve for purchases:
6,600 + 18,400 - 8,200 = 16,800
WIP Inventory
Beginning 7,700
Materials 18,400
Labor 13,700
Overhead 8,200
Transferred Out <u> 39,700*</u>
Ending 8,300
The transferred-out from WIP inventory is the transferred-in for Finished Goods