Answer:
d. a joint venture
Explanation:
A joint venture -
It refers to the method , where two or more companies or business agrees to combine their resources in order to attain a specific project all together , is referred to as a joint venture .
The project can some previous existing project or any new project .
The profit and loss from the combined business is distributed equally with all the members .
Hence , from the given scenario of the question ,
The correct answer is d. a joint venture .
Answer:
Asset Price= $746,617.36
Explanation:
Giving the following information:
Face value= $1,000,000
Coupon= 0.03/2= 0.015*1,000,000= $15,000
Number of periods= 2*4= 8 semesters
YTM= 0.11/2= 0.055
<u>To calculate the price of the asset, we need to use the following formula:</u>
<u></u>
Asset Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Asset Price= 15,000*{[1 - (1.055^-8) / 0.055} + [1,000,000 / (1.055^8)]
Asset Price= 95,018.49 + 651,598.87
Asset Price= $746,617.36
Answer:
Company Coupon Rate Selling Price Maturity Date
Bombardier Inc. 7.5% $96.40 3/15/2025
NGL Energy Partners LP 6.875% $97.50 10/15/2021
Disney 2.150% $101.45 9/17/2020
Explanation:
from the Plato
The complete question is:
Niles, an accountant, certifies several audit reports on Optimal Operational Processes, Inc., Nile's client, knowing that the company intends to use the reports to borrow money from Prime Business Lending Company to buy new equipment. Niles believes that the reports are true and does not intend to deceive Prime Business, but does not check the reports before certifying them. Can Niles be held liable to Prime Business?
Answer:
Yes can be held liable
Explanation:
An accountant that certifies audits of a company is expected.to do his due diligence. In this scenario Niles believed that the reports are true without checking them.
This is an act of negligence on Nile's part and he can be held liable for damages resulting from the oversight.
The certified audit report is not only being used by Prime business but other third parties like investors and other stakeholders. Any of these can hold Mike's liable for any misleading information in the audit reports
