During a financial statement audit an internal auditor may provide direct assistance to the independent CPA in performing both tests of controls and substantive tests.
<h3>What is audit ?</h3>
Audit is the checking or inspection of the account of the company in order to make sure a ll the transactions are recorded systematically and accurately. it is done to check the correctness of the accounts provided by the companies in the financial accounts.
During the auditing of financial statements, auditor provides helps to the Certified Public Accountant by performing both the test of control and substantive tests.
Learn more about Auditing here:
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Answer:
P0 = $14.4683 rounded off to $14.47
Explanation:
To calculate the market price of the stock today, we will use the constant growth model of DDM. The constant growth model calculates the values of the stock today based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D0 * (1+g) / (r - g)
Where,
- D0 is the dividend today
- g is the constant growth rate
- r is the required rate of return on the stock
We first need to calculate r using the CAPM equation. The equation is,
r = rRF + Beta * (rM - rRF)
Where,
- rRF is the risk free rate
- rM is the return on market
r = 0.06 + 1.6 * (0.147 - 0.06)
r = 0.1992 or 19.92%
Using the price formula for DDM above, we can calculate the price today to be,
P0 = 1.9 * (1+0.06) / (0.1992 - 0.06)
P0 = $14.4683 rounded off to $14.47
<h3>Answer choices are:</h3>
- poll workers requiring voters to show a pay stub proving employment
- poll workers asking voters to prove home ownership
- poll workers having voters read aloud before voting to prove they could read
- poll workers creating separate lines for voters based on race
<h3>Correct answer choice is:</h3><h2>3. Poll workers having voters read aloud before voting to prove they could read.</h2>
Explanation:
The 15th Amendment to the Constitution gave African American people the freedom to vote by saying that the "right of residents of the United States to vote shall not be dismissed or digested by the United States or by any state on record of race, appearance, or past state of slavery. During the voting process vote operators having voters read loudly before casting the vote to confirm they could read.
Nicco is mostly like an independent contractor for Acme Solutions.
Explanation:
An independent contractor is a licensed person or organization for the other unemployed to complete the work for and would offer services.
Independent contractors are termed sole owners or Limited Liability Companies (LLCs) of single members in the United States of America.
If you are profiting or benefiting from rental homes, you will record your income and expenses under Schedule C of Form 1040 or Schedule E. In addition, self-employment charges are to be submitted to the IRS, normally on the basis of Form 1040-ES every three months.
