Answer:
True
Explanation:
Balance sheet is the financial report of an organization that includes investments, liabilities, assets wealth, overall debt, etc. during a given time.
The income statement is one of the company's financial statements that indicates the company's profits and expenditures for a specific period of time. This shows how the profits are converted into net revenue or net income.
The answer is C: chronological (because it pertains to an order and can involve history.
Answer:
false
Explanation:
The United States government do make some monies available to individuals or organisation in the form of grants, for the achievement of set purposes or goals. Not everyone or organisation can be eligible for all the available grants at any time. People are expected to look through various application processes to know if they are legally eligible to apply for any grant in order to avoid wasting their time and money during application.
Answer:
$52,435.00
Explanation:
After 3 years the future value of 100,000 at 6 percent will be
FV = PV × (1+r)n
=FV = 100,000 x (1 +0.06)3
FV = 100,000 x 1.191016
FV = 119, 101.60
The interest will be 119, 101.60 - 100,000
=19,101.60
The depreciation over 9 year period, per year will be
=1/9 x 100,000
=11, 111.11 per year
3 year depreciation = 33,333.33( 11,111.11 x 3)
The investment must generate at least
19,101.60 + 33,333.33
=$52,434.93
=$52,435.00
Answer: The internal auditor discovered it when performing a routine audit of expense reimbursements
Explanation:
Marcus Lane, was a geologist who travelled all over North America and South America and this results in several expense reimbursements. Lane engaged in fraudulent activity by double booking his air travel.
He used cheaper ticket for the actual flight and more expensive ticket was returned for credit. But, he submitted the expensive ticket for reimbursement.
The fraud was discovered by the internal auditor while doing a routine audit of expense reimbursements. He was terminated and he agreed to pay the money back.
