Answer:
Total PV= $46,728.79
Explanation:
Giving the following information:
Cash flow:
Cf1= $8,000
Cf4= $16,000
Cf8= $20,000
Cf10= $25,000
Discount rate= 6%
To calculate the present value, we need to use the following formula on each cash flow:
PV= FV/(1+i)^n
Cf1= 8,000/(1.06^1)= 7,547.17
Cf4= 16,000/(1.06^4)= 12,673.50
Cf8= 20,000/(1.06^8)= 12,548.25
Cf10= 25,000/(1.06^10)= 13,959.87
Total PV= $46,728.79
Answer: employees of the audit client.
Explanation:
The options to the question are:
A. employees of the CPA firm.
B) employees of the audit client.
C) other CPA firms engaged to do part of the audit work.
D) specialists employed by the CPA firm to provide technical advice on the audit.
Agency law simply means the agent-principal relationships which is a relationship whereby one party has a legal authority to act and represent the other party.
Based on the above question, the partners of CPA firm are liable for the work of the firm that they are representing. In this case, they'll be liable for the employees of the CPA firm, other CPA firms engaged to do part of the audit work and the specialists employed by the CPA firm to provide technical advice on the audit.
Therefore, the employees of the audit client is not part of the people that them. Hence, this is the answer.
Answer:
The correct answer is actually
Professional: a person who is engaged in a recognized profession such as medicine or law or in a field of learning that is specialized and predominantly intellectual or creative
Just took the test:)
<span>$360
Let's assign the variable x for the amount invested at 5%. That means that (1200-x) will be the amount invested at 7.5%. So the equation becomes:
0.05x + 0.075(1200-x) = 81
0.05x + 90 - 0.075x = 81
-0.025x + 90 = 81
90 = 81 + 0.025x
9 = 0.025x
360 = x
So $360 was invested at 5% and the remaining ($1200 - $360 = $840 was invested at 7.5%.</span>
Answer:
K=$980
Explanation:
10,000*(1.04)^10=1.05K(1.04^6+1.04^5)+K(1.04^4+1.04^3)+10,000
K=14,802-10,000/1.05(1.04^6+1.04^5)+1.04^4+1.04^3
K=4,802.4/4.91=$980
