3 years ago

An auditor should perform alternative procedures to substantiate the existence of accounts receivable when:

Business

1 answer:

Anastasy [175]3 years ago

8 0

Answer:C

Explanation: Collectability of the receivables is in doubt

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When a times-interest-earned ratio is 8.5, this means that the firm:?

never [62]

<span>Answer: This means that income is 8.5 times greater than his annual interest expense. In other words, it can afford to pay additional interest expenses.</span>

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3 years ago

On December 31, 2020, Grand Company had $1,232,000 of short-term debt in the form of notes payable due February 2, 2021. On Janu

VikaD [51]

Answer:

Current liabilities:

Notes payable $8,000

Non-current/long-term liabilities:

Notes payable $1,224,000

Explanation:

The actual amount of notes payable at 31st December is the difference between the short-term debt and the amount of cash realized from the issue of common stock whose proceeds are meant to be used in liquidating the short-term debt.

The actual amount of notes payable=$1,232,000-$1,224,000=$8,000

By issuing common stock of $1,224,000 to repay the short-term debt,the $1,224,000 is effectively converted to funding of long-term nature,hence classified as long-term liabilities

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3 years ago

A loan that is less risky for a lender and is associated with a valuable asset is called a(n) . Rayna needs to get a new set of

eimsori [14]

1. secured
2.unsecured loan
3.secured loan

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2 years ago

Read 2 more answers

You own a bond that pays $64 in interest annually. The face value is $1,000 and the current market price is $1,062.50. The bond

drek231 [11]

Answer:

the yield to maturity of this bond is 5.7%

Explanation:

given data

pays interest annually C = $64

face value F = $1,000

current market price P = $1,062.50

bond matures n = 30 years

solution

we get here yield to maturity that is express as

yield to maturity =

yield to maturity = [C+ (F-P) ÷ n] ÷ [(F+P) ÷ 2 ] .................1

put here value and we get

yield to maturity = $\frac{64+(1000-1062.50)}{11}$ ÷ $\frac{(1,000+1,062.50)}{2}$

yield to maturity = 0.057

so that the yield to maturity of this bond is 5.7%

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2 years ago

Calculate the average growth rate. (Enter your answer as a percentage, rounded to 2 decimal places, using intermediate calculati

KIM [24]

Answer:

Growth rate is 6%

Explanation:

Po = $\frac{D1}{r-g}$

P = 0.3 / (0.1 - 0.06)

P = $75

Dividend growth model is used to calculate the stock price based on the dividend growth.

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2 years ago