Answer:
The answer is d. tells about economic resources, claims to resources, and changes in resources and claims is useful to investors and creditors in making decisions.
Explanation:
Financial reporting at its core, is a "language". It ensures that the investors and all stakeholders are provided with relevant and accurate information regarding a business or an institution. So that they can take effective and efficient economic decisions that will eventually benefit the entire economy.
The right answer that will fill in the blank is the first option which is the managing for a competitive advantage and diversity. It is one of the challenges that the managers faces today because a lot of things arises now a days, especially new technologies and advances that could rise competition. It is where this challenge occurs and opens as a challenge for managers and also the diversity for now a days, a lot of things could be set as a factor in competition.
Answer:
The independent cases not given in the question are:
a. Case A: Market interest rate (annual): 4 percent.
b. Case B: Market interest rate (annual): 6 percent.
c. Case C: Market interest rate (annual): 8.5 percent.
At 4% issue price is $583,502.44
At 6% issue price is $501,500.00
At 8% issue price is $433,344.51
Explanation:
The price of the bond can be computed using the pv value formula in excel.
=pv(rate,nper,pmt,fv)
rate is the market interest given in the three cases divided by since the bond is a semi-annual interest paying bond. for example 4%/2=2%
nper is the time to maturity multiplied by 2 i.e 10*2=20
pmt is the coupon interest receivable by investor semi-annually which is 6%/2*$501,500=$15045
fv is the face value at $501,500
at 4%
=pv(2%,20,15045,501500)
=$583,502.44
at 6%
=pv(3%,20,15045,501500)
=$501,500.00
At 8%
=pv(4%,20,15045,501500)
=$433,344.51
The Sarbanes-Oxley Act of 2002 requires the CEO (Chief
Executive Officer) and the CFO (Chief Financial Officer) to personally certify
the accuracy of the financial statement that the company has filed with the
Securities and Exchange Commission as
members of senior management.
