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4 years ago

Select the TRUE statement about the Incident Action Plan.

1 answer:

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TRUE. C. Establishes the overall incident objectives, strategies, and tactics.

Incident Action Plan is a formal documentation of incident goals, operational period objectives, and the strategies that will be implemented in response to the incident defined by command during the response planning.

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Tim’s credit card has an APR of 24 percent. What is the periodic rate for this credit card?

Bad White [126]

The periodic rate for this card is 12 month period.

<u>Explanation:</u>

APR is short for Annual Percentage Rate, which is the intrigue you're charged over a year time span. For example, a card with 24% APR costs 2% every month on balances that you convey from month to month.

Whatever rate is charged on the credit card is for a period of twelve months which is a period for a year. The interest rate is the cost for using the amount of credit which has been offered by the bank to the owner of the credit card.

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4 years ago

Pension funds pay lifetime annuities to recipients. If a firm will remain in business indefinitely, the pension obligation will

Solnce55 [7]

Answer:

Duration of liability (perpetual) = (1 + y) / y

= (1 + 17.5%) / 17.5%

= 6.71

Value of liability = Cash Flow / yield

= $3.5 million / 17.5%

= $20 million

a. Assume you invest w in 5-year bond and 1-w in 25-year bond such that the duration of the portfolio is 6.71

6.71 = w x 4 + (1 - w) x 16

w = (16 - 6.71) / (16 - 4)

w = 77% in 5-year bond

1 - w = 28% in 25 year bond

Market Value of 5 year bond = 77% * $20 million = $15.4 million

Market Value of 20 year bond = 23% * $20 million = $4.6 million

b. Market Price of 20 year bond can be calculated using PV function on a calculator

N = 25, I/Y = 17.5%, PMT = 9, FV = 100

Price = Present Value (25,17.5%, 9 ,100)

Price = 52.29042644

Price = $52.30

Par Value of 25 year bond = Market Value /% Price

Par Value of 25 year bond = $4.6 million / 50.83%

Par Value of 25 year bond = $9,049,774

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3 years ago

Top earning game of USA

padilas [110]

Answer:

Clash of Clans by Supercell

Explanation:

According to Góogle Play ranking as of April 2021, the top-earning game of the USA is Clash of Clans by Supercell.

This game is available on the Andriod operating system. and it has been in existence since 2012. It currently has close to a billion downloads across platform different website platforms.

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3 years ago

Listed below are five procedures followed by Eikenberry Company. 1. Several individuals operate the cash register using the same

ArbitrLikvidat [17]

Answer:please see below for answes

Explanation:

1. Several individuals operate the cash register using the same register drawer--- Weak Internal control --- Establishment of responsibilities is violated.

2. A monthly bank reconciliation is prepared by someone who has no other cash responsibilities-----Good---The procedures follows independent internal verification.

3. Joe Cockrell writes checks and also records cash payment entries.-----Weak Internal control ------Segregation of duties is violated

4. One individual orders inventory, while a different individual authorizes payments.---- Good---- The procedures follow the Segregation of duties .

5. Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording.---- Weak-----The procedure here does not follow good documentation and procedures.

----Internal controls are measures laid out by companies to ensure its employees are compliant in following set regulations and standards to ensure financial reports are not manipulated and promoting effective operations in order safeguard it's assets from unauthorized use or theft.

Some internal controls include Segregation of duties, documentation procedures, proper authorization, establishment of responsibilities etc.

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3 years ago

Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make 7,000 units of product. The

Rus_ich [418]

Answer:

Direct material quantity variance= $840 unfavorable

Explanation:

Giving the following information:

Dorsey Corporation Company budgeted 600 pounds of direct materials costing $28.00 per pound to make 7,000 units of product.

The company used 630 pounds of direct materials to make the 7,000 units.

To calculate the direct material quantity variance, we need to use the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (600 - 630)*28

Direct material quantity variance= $840 unfavorable

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3 years ago