Answer:
$ 11,799 is the principal balance of the note payable.
Explanation:
The Interest expense for the installment note on the year of the December 31, year can be determined by the following equation that are mention below
Now the Principal balance of the component in $15,179 payment of the December 31, year 1 can be determined by the
=$ 11,799
Answer:
The answer is stated below:
Explanation:
If the SEC and the AICPA, worked altogether in order to share the information, they might have detected the fraud prior. The case states that the Madoff Securities does not required to submit the peer review program to AICPA as Friehling, had recorded that he did not perform or conduct any audits.
Recommendation
1. The policy execution for the exchange of the information among the two firms would be useful to detect the fraud.
2. The PCAOB should spend more resources an attending the hotline of whistle blowing through executing the policies which need certain complaints to be addressed effectively.
3. The firms or company should have done more in order to verify the financial statements assertions, which surrounds the investments. The PCAOB need to execute the policy that require the companies (such as Madoff Securities) to correctly answer the inquiries of the auditor.
Nations are unable to react by placing limitations on other imports from Saudi Arabia.
What is Strategic Trade?
Strategic commerce refers to the management of certain commodities' export, import, international transit, and transhipment to specific recipients, for specific end-uses/end-users, and under specific conditions. Dual-use drugs and technologies that have both acceptable commercial uses and sensitive uses that could support actions that hurt people or states are those that are listed as subject to UN Security Council Resolution 1540 (2004) and other UN embargoes and penalties. Controlling these commodities requires a balanced strategy; dual-use products, parts, and raw materials must be seen as strategically traded in order to prevent them from moving farther into criminal usages.
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Compounding is the process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting the interest.
<h3>What is compounding?</h3>
This can be explained to be a situation where the interest that is made from a sum of money is added into the principal sum of money and reinvested.
The initial principal amount and the interest made after a period when added together is regarded as compounding.
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