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3 years ago

For accounting errors, which of the below sentences is true?

Business

1 answer:

Monica [59]3 years ago

7 0

Answer:

The correct option is C

Explanation:

Accounting error is the type of error in the accounting which was not done intentionally but when spotted, the error need to be fixed immediately. And when there is no immediate solution for the error, an investigation is conducted in order to find out who caused the error.

The statement which is true is that they represent the fraud which usually result in the legal action to be taken.

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Karen Price has determined that her net worth is $56,000, excluding her home. She owes $80,000 on her mortgage and $13,000 on a

Rus_ich [418]

Answer:

Explanation:

Net worth is the difference between a person's (assets - liabilities)

Based on the balance sheet equation; Assets = Liabilities + Equity , meaning that Assets - Liabilities = Equity .

With the above two equations, Net worth = Equity = $56,000

Debt-to- Equity ratio = Debt/ Equity

<em>Note: $80,000 mortgage will not be included as debt to avoid double counting error since it is is a pay towards a home(asset) already incorporated in the $56,000 net worth.</em>

So, D/E = 13,000 / 56,000

D/E = 0.2321

8 0

3 years ago

What appeals to you about baskin robbins franchise

blsea [12.9K]

Answer:

It does not appeal to me lol.

Explanation:

If it does appeal then it will probably be the free icecreams. Plus you can have whatever toppings and designs you want!

7 0

3 years ago

LaTanya Corporation is planning to issue bonds with a face value of $107,000 and a coupon rate of 6 percent. The bonds mature in

Tomtit [17]

Answer:

A. $107,005

B. $119,842

C. $101,228

Explanation:

Computation for the issue (sale) price on January 1 of this year

a. Case A: Market interest rate (annual): 6 percent

Table value are based on:

n= 7

i= 6%

Cash Flow Table Value Amount Present Value

Par (maturity value) 0.6651 $107,000 $71,166

Interest (annuity) 5.5824 6,420 35,839

($107,000*6%=$6,420)

Issue Price 107,005

Therefore The Issue Price for Case A is $107,005

b. Case B: Market interest rate (annual): 4 percent

Table value are based on:

n= 7

i= 4%

Cash Flow Table Value Amount Present Value

Par (maturity value) 0.7599 107,000 81,309

Interest (annuity) 6.0021 6,420 38,533

Issue Price $119,842

Therefore the Issue Price for Case B is $119,842

c. Case C: Market interest rate (annual): 7 percent.

Table value are based on:

n= 7

i= 7%

Cash Flow Table Value Amount Present Value

Par (maturity value) 0.6227 107,000 66,629

Interest (annuity) 5.3893 6,420 34,599

Issue Price $101,228

Therefore The Issue Price for Case C is $101,228

6 0

3 years ago

Create a list of five action verbs you might use on a job application to describe skills and/or work history. Here are some exam

kotegsom [21]

Answer:

Examples:

• accomplished

• designed

• initiated

• supervised

• addressed

• corresponded

• persuaded

• publicized

• reconciled

• executed

• monitored

• operated

• consolidated

• appointed

• delegated

• established

Explanation:

Action verbs: One type of power word is an action verb. This kind of verb shows your ability to succeed. These words demonstrate the skills you have used in previous jobs to achieve success. I added in some more because I'm extra.

Hope this helps. :)

7 0

2 years ago

The risk-free rate is 3%. MCD currently prices at $25. The Delta of a 1-year at-the-money European call on MCD is 0.5. John has

erica [24]

Answer:

Short 1.5 shares

Explanation:

Given data :

Risk free rate = 3%

current price ( market price ) = $25

Delta of 1-year at money European call on MCD = 0.5

<u>Determine how many shares of MCD John should either Long or short to achieve a delta-neutral </u>

use the relation below

4 * 0.5 + 1 ( 0.5 - 1 ) + x = 0

x ( number of shares ) = - [ 4 * 0.5 + 1 ( 0.5 - 1 ) ]

= - 1.5 shares

negative ( - ) means MCD should short 1.5 shares

5 0

2 years ago