Answer:
Audit
Explanation:
Financial auditing is the process of examining an organization's (or individual's) financial records to determine if they are accurate and in accordance with any applicable rules (including accepted accounting standards), regulations, and laws.
External auditors come in from outside the organization to examine accounting and financial records and provide an independent opinion on these records. Law requires that all public companies have their financial statements externally audited.
Internal auditors work for the organization as internal employees to examine records and help improve internal processes such as operations, internal controls, risk management, and governance.
Answer:
d. $60,000
Explanation:
As per passive income rules, As stated under Internal Revenue Service is a kind of statement that allows to set off the passive loss as against passive income only.
There is no rule which permits to set it off against ordinary income.
Therefore, the details in the given instance are:
Loss of 2015 = ($80,000)
Income in 2016 = $20,000
Loss at the end of 2016 = ($60,000)
This because from the income in 2016 amounting $20,000 the loss of $20,000 is set off.
Answer: a. I, II and III are true
Explanation:
From the question, the statements that are true are:
I. 4% is the desired real rate of interest. II. 6% is the approximate nominal rate of interest required.
III. 2% is the expected inflation rate over the period.
4% is the desired real rate of interest because that's the rate at which the investor is willing to buy the goods in future.
2% is the expected inflation rate over the period because at that rate, there's expectation of future rise in price while 6% is the approximate nominal rate of interest required which is the addition of the 4% and the 2%.
Answer:
The bond's real return for the year was 5.49%
Explanation:
In order to calculate the bond's real return for the year we would have to calculate the following formula:
bond's real return for the year=(1+Nominal rate of return)/(1+Inflation) -1
According to the given data Inflation=2.2 percent
To calculate the Nominal rate of return we would have to calculate the following:
Nominal rate of return=(Selling price + Interest coupon - Purchase price)/Purchase price
According to the given data:
Selling price=$976.26
Interest coupon=$43
Purchase price=$945.46
Therefore, Nominal rate of return=($976.26 + $43 - $945.46)/ $945.46
Nominal rate of return=7.81%
Therefore, bond's real return for the year= (1+7.81%)/(1+2.2%) -1
bond's real return for the year=5.49%
The bond's real return for the year was 5.49%
The government is an consumer because they trade with other countries to get goods that their country need and they are also a producer because they produce strategies for their government to make our communities around the world more better and advanced.
