Answer:
1.prove the equality of the debit and credit amounts after posting.
Explanation:
There are two columns in the trial balance, called debit columns and columns of credit. The total columns of debit and credit should always equaled. The debit columns report assets and expenditures side while profits, stockholder equity, and the liability side are reported in the credit column.
Its main purpose to equate and the prove the both side of the columns after posting of transactions
<span>The primary purpose of the requirements analysis phase is to determine and document the specific features and functions of the new system. It does not eliminate obviously nonsensible projects before forming a project development team. Identify the requisite skills needed or show personnel assigned to the project or investigates how much similar projects have cost in the past.</span>
Answer:
The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.
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Answer:
d. 2.94%
Explanation:
First, Calculate the Yield to maturity of the bond using the following formula
Use the following formula to calculate the YTM
P = [ C x ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]
Where
F = Face value = $1,000
P = Price = $1,495.56
C = Coupon payment = Face value x Coupon rate = $1,000 x 10% = $100
n = numbers of periods = Numbers of years to maturity = 10 years
r = YTM = ?
Placing values in the formula
$1,495.56 = [ $100 x ( 1 - ( 1 + r )^-10 ) / r ] + [ $1,000 / ( 1 + r )^10 ]
r = 3.916%
Now calculate the after-tax cost of debt
After-tax cost of debt = YTM x ( 1 - Tax rate )
After-tax cost of debt = 3.916% x ( 1 - 25% )
After-tax cost of debt = 2.937%
After-tax cost of debt = 2.94%
The first step must his company take to achieve this goal is: earn profit.
<h3>What is profit?</h3>
Profit is what a person gain from the sell of products after deducting their expenses and other production cost.
In order for the company to achieve their set goals which is to fulfil the economic foundation business they need to first of all earn profits from their business.
Therefore the company needs to earn profit.
Learn more about profit here:brainly.com/question/24553900
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