Answer:
Attractiveness and Identification
Explanation:
So that you can talk to the person offering the job
Answer:
B. Prior-year checks listed in the cut-off statement to the year-end outstanding checklist.
Explanation:
Bank cutoff statement can be regarded as bank statement that is produced as of a date which is seen as date that is subsequent to the date of the balance sheet. At a point in time, this date would be the one that will give permission for most of outstanding checks to clear the bank at the year-end. Cutoff bank statement is utilized in verifying reconciling items on the bank statement which been Mailed directly to the auditor. One of the purpose of cutoff bank statements is in verification of reconciling items on the year-end bank reconciliation of clients which comes with evidence that it can't be accessible to the client. It should be noted that On receiving a client's bank cut-off statement, an auditor most likely would trace Prior-year checks listed in the cut-off statement to the year-end outstanding checklist.
Answer:
Explanation:
Par value =1000
Coupon rate = 5.7
Semiannual coupon payment= Par value*coupon rate/ 2 =1000*0.057/2=$28.5
Par value or FV=1000
Semiannual coupon payment(PMT) = 28.5
Years to maturity=22*2=44 semiannual
Annual yield to maturity=6.5
Semiannual yield to maturity = 3.25
For calculation, the formula attached will be used:
Price=28.5*(1-1/(1+0.0325)^44/0.0325)+1000/(1+0.0325)^44 =
= 28.5* ((1-0.2448)/0.0325) + 1000/4.0847= (28.5*23.2364) + 244.81 = $907.05
So, the bond is trading at dsicount because the current price (907.05) is below the face value
Answer:
- It is not immediately obvious whether the effect of the conversion of a particular convertible security would be dilutive or antidilutive.
- If the effect of the conversion or exercise of potential common shares would be to increase EPS, the related securities are referred to as antidilutive securities.
- To determine whether convertible securities are dilutive, we can compare the “incremental effect” of the conversion (expressed as a fraction) with the EPS fraction before the effect of any convertible security is considered.
Explanation:
The antidilutive securities may be defined as the financial instruments for which an organization possess at a particular point of time that are not in the form of a common stock. When these antidilutive securities are converted into a common stock, it results in an increase in earnings for one share of the organization. Thus the EPS or the earnings per share increases when the the antidilutive securities are converted into the common stocks.
The following effects of the antidilutive securities on the EPS are true :
- the effects of conversions of any convertible security are not immediately obvious that it would be dilutive or antidilutive.
- when the effect of the conversion or the exercise of any potential common shares is to increase the EPS, then the securities are called as antidilutive securities.
- To know if the convertible securities are dilutive or antidilutive, we have to compare its incremental effect with the EPS before any effect of the conversion.