Answer:
C. Unauthorized acquisition or use of data or assets that could affect financial statements will be prevented or detected in a timely manner.
Explanation:
Internal Control Financial Reporting is a framework designed to help companies manage their financial reporting and achieve the greater goals of risk assessment, control, information and communication, as well as monitoring. One of the weaknesses that could characterize ICFR is its inability to assure timely prevention and detection of unauthorized acquisition or use of data.
The scheme however ensures that financial records are maintained and that transactions are prepared according to GAAP rules. ICFR ensures that misstatements are detected in financial reporting.
Answer: <em><u>Developers can spend $55316.9</u></em>
Explanation:
EAR =
Effective Annual Rate=
Effective Annual Rate% = 9.42
where;
C = Cash flow per period
i = interest rate
n = number of payments
PV = $55316.9
Answer:
$251,000
Explanation:
The computation of the total book value of the firm's assets is shown below:
= Historical cost of building + cost of other fixed asset - total depreciation charged on the various assets + current liabilities + net working capital
= $189,000 + $56,000 - $49,000 + $36,600 + $18,400
= $251,000
We added the other cost which is computed above and deduct only the total depreciation so that the total book value of the firm's asset has come
Answer:
$5.23
Explanation:
The computation of the recent dividend per share is shown below:
Price of the stock = Dividend per share × (1 + growth rate) ÷ (Required rate of return - growth rate)
$79 = Dividend per share × (1 + 2.8%) ÷ (9.6% - 2.8%)
$79 = Dividend per share × (1 + 2.8%) ÷ 6.8%
So after solving this,
The recent dividend per share is $5.23