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3 years ago

Each year, the security team

Business

1 answer:

Elden [556K]3 years ago

4 0

Answer:

Risk assessment

Explanation:

The reason is that the risk assessment includes the assessment of variety of risks that the firm is facing and are threat to its long term success. The firm considers its potential risk attached with its financial recording because manipulation in financial records helps the management to fraud the investors. Suppose I am the auditor and you came with the annual financial reports and asked me to sign the annual report with green signal for $100,000 and I did signed the report. You had used this way to cover your fraud of $1,000,000 fraud. This means that their are several controls imposed by law and some these imposed laws are adopted by many organization to prevent mishappen and for that sake they continuously keep assessing their risks and this process is known as risk assessment.

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Waymire Company sells a motor that carries a 60-day unconditional warranty against product failure. From prior years' experience

MA_775_DIABLO [31]

Answer: Income statement $100,000

Balance sheet warranty liability $Nill

Explanation:

Since we are at the end of the period and all activities has been concluded with no expectation of claim of repairs. The firm will only record the cost incurred for current period on repairs which is $100,00 ( $100*1000) . The liability will be zero since the company has taken care of all repairs for the period.

3 0

3 years ago

Can we get negative cost of equity? and what does it represent?

Dovator [93]

Yes u can get negative cost of equity

8 0

3 years ago

Read 2 more answers

Current projections indicate that by the year 2030, there will be ______ tax-paying workers for every retiree collecting Social

lakkis [162]

Current projections indicate that by the year 2030, there will be 2.0 tax-paying workers for every retiree collecting Social Security.

A tax is a mandatory fee or financial charge that a government imposes on a person or a business in order to raise money for public projects like building the greatest infrastructure and services. Different public expenditure programs are then funded with the funds that have been raised.
There are two main categories of taxes: direct taxes and indirect taxes. Both taxes are implemented in different ways. Some taxes, like the dreaded income tax and corporate tax, are paid directly by you, while others, like sales tax and service tax, are paid inadvertently.
The government uses taxes to fund a variety of welfare programs, including job initiatives.

Thus this is the answer.

To learn more about Tax, refer:brainly.com/question/25783927

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3 0

1 year ago

2. Chico Co. sold $4 million of 10-year bonds on December 31, 2015, with interest payable June 30 and December 31 at an annual r

Aleonysh [2.5K]

Answer:

The requirement of the question is provided below:

a. What were the proceeds received by Chico upon the sale of the bonds?

b. Prepare the entry made by Chico to record the sale of the bonds on December 31, 2015.

The proceeds from the issue is $4,498,488.41

The entries are:

Dr Cash $4,498,488.41

Cr Bonds payable $4,000,000

Cr Premium on bonds payable $498,488.41

Explanation:

The first task here is to determine the proceeds from the issue, which can be done using the present value formula in excel.

=pv(rate,nper,pmt,fv)

rate is the effective rate of 10% divided by 2,since coupon is paid twice a year.

nper is the time to maturity of 10 years multiplied by 2

pmt is the coupon payment paid twice a year, that is :12%/2*$4000,000=$240,000

fv is the value expected by investors upon redemption that is $4 million

=-pv(5%,20,240000,4000000)

pv=$4,498,488.41

5 0

3 years ago

Read 2 more answers

Tommy Richards is paid $20.50 an hour for a regular 40-hour week. He earns time and a half if he works overtime. This week Richa

RoseWind [281]

Answer:

$1,094.50

Explanation:

Regular pay is $20.50

Over time pay is $20.50 x 1.5 = $30.75

Tommy earned as follows.

Regular hours : 40 x $20.50 = $820

Overtime hours: 9 x $30.75 =$274.50

Total amount earned

= $820 + $274.50

=$1,094.50

7 0

3 years ago