Answer:
$739.72 ≈ 739.72
Explanation:
we can use an excel spreadsheet and the present value function to calculate the expected price of each bond ⇒ =PV(rate,nper,pmt,fv,[type])
- fv = $1,000
- pmt = $1,000 x 7.25% x 1/2 = $36.25
- nper = 60
- rate = 10% / 2 = 5%
- present value = ?
=PV(5%,60,36.25,1000) = -739.72 since excel calculates the initial investment, it is always negative, so we just change the sign.
Answer:
The answer is stated below:
Explanation:
If the SEC and the AICPA, worked altogether in order to share the information, they might have detected the fraud prior. The case states that the Madoff Securities does not required to submit the peer review program to AICPA as Friehling, had recorded that he did not perform or conduct any audits.
Recommendation
1. The policy execution for the exchange of the information among the two firms would be useful to detect the fraud.
2. The PCAOB should spend more resources an attending the hotline of whistle blowing through executing the policies which need certain complaints to be addressed effectively.
3. The firms or company should have done more in order to verify the financial statements assertions, which surrounds the investments. The PCAOB need to execute the policy that require the companies (such as Madoff Securities) to correctly answer the inquiries of the auditor.
Answer:
Net decrease in prepaid expenses of $30,000 will be added to the net income in adjustments to net income because it will be considered that working capital (inventory or any other expense) has been generated by the operations.
Net decrease in Accounts payable of $20,000 will be deducted from net income in adjustments to net income because decrease in accounts payable means that cash has been paid to the outstanding payables.
Net effect of the above transactions is $30,000 - $20,000 = $10,000
So, net income will be increased by $10,000 as net effect of the above adjustments.
Answer:
product based
Explanation:
Garvin defined five measures or perspectives of quality:
- transcendental perspective: quality that can be perceived but not clearly defined.
- user perspective: concrete definition of quality, the product complies with the users' needs yes or no.
- manufacturing perspective: quality is measured as conformance to requirements, e.g. ISO standards.
- product perspective: quality is measured by the characteristics of the product.
- value based perspective: different aspects of quality can be valued differently depending on the stakeholder.
Answer: d. employ less capital and more labor.
Explanation: Given the marginal product of labor equals 10 and a marginal product of capital equals 50, since the marginal product of capital is now considerably larger than that of labor, increasing labor should be prioritized at this point, because due to the marginal returns on capital may soon start to diminish especially with the high capital rate. And also, high capital rate of $100, which is considerably higher than the labor wage rate of $20, the firm should employ less capital and focus more on labor
