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3 years ago

Consumers have the right to be protected against false and misleading information about goods and services.

1 answer:

3 0

The right answer for the question that is being asked and shown above is that: "TRUE." Consumers have the right to be protected against false and misleading information about goods and services. This statement is true as far as the consumer's right is concerned.

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There is a bond with a coupon of 7.6 percent, seven years to maturity, and a current price of $1,032.20. What is the dollar valu

Radda [10]

Answer:

The dollar value of an 01 is:

$78.4472

Explanation:

a) Data and Calculations:

Bond coupon = 7.6%

Current price = $1,032.20

The yield to maturity value = $1,032.20 * 1.076 = $1,110.6472

Dollar value of an 01 = $1,110.6472 - $1,032.20 = $78.4472

b) In calculating the dollar value of the bond, which is a measure of the change in the value of the bond portfolio for every 100 basis point change in the interest rates, this is referred to as DV01 (that is, dollar value per 01). Often denoted as 100 basis points (bps), 0.01 is equivalent to 1 percent.

3 0

3 years ago

Greer Manufacturing purchases property that includes land, buildings and equipment for $4.7 million. The company pays $185,000 i

nekit [7.7K]

Answer:

Explanation:

The journal entry is shown below:

Land A/c Dr $1,459,920

Equipment A/c Dr $2,085,600

Building A/c Dr $1,668,480

To Cash A/c $2,607,000 ($5,214,000 × 50%)

To Notes payable A/c $2,607,000 ($5,214,000 × 50%)

(Being purchase of property is recorded)

The total property cost would be

= $4,700,000 + $185,000 + $218,000 + $111,000

= $5,214,000

Estimated value of land = $5,214,000 × 28% = $1,459,920

Estimated value of building = $5,214,000 × 40% = $2,085,600

Estimated value of equipment = $5,214,000 × 32% = $1,668,480

6 0

3 years ago

A common error the auditor may find during the audit of property, plant, and equipment is that the client neglected to make a jo

inna [77]

Answer:

In the current case, the CPA checked the initial adjusts of property, plant and gear during his first year of commitment. Presently during his subsequent year, he goes over certain things which may expect him to change his review systems.

Part 1.

At the point when the associate controller expressed that "they had such a large number of additional items lying around", the CPA would have realized that numerous additional printers and the scanners are there in the organization. As the organization isn't a misfortune making endeavor or scaling down, there is no purpose behind this to occur, other than that the organization has bought new printing and examining hardware.

Thus, numerous old printers and scanners have gotten out of date and now are lying around being pointless.

Additionally, as the CPA would have entered the customer office and had introductory conversations with the administration, before beginning of the review strategies, he would have seen the numerous scanners on every representative's work area, yet no printer. That also have cautioned the CPA with respect to the organization's difference in hardware use.

Part 2.

Presently, as the organization has bought numerous new gear, the review technique which can be included are:

Verify the physical gear with the solicitations being entered in the framework
The sensibility of the new buys
The treatment of the old gear, regardless of whether disposed of and discounted from the books or not
The cost booked in the benefit and misfortune account, for the gear lying around the workplace, yet with no utilization and scrap esteem left
As the organization has rolled out numerous improvements with the benefits of the organization, physical check of the advantages ought to be certainly considered in the review program

Part 3.

The cost in regards to the new gear in the financials would have furnished the CPA with the data that organization has brought about costs on the new hardware.

The expanded devaluation cost would have raised the doubt.

The conversations with the administration about the general working of the organization and the advancement of the organization would have featured this point in the discussion.

Other than this, irregular voyage through the workplace and conversations with not many of the representatives would have featured this act of the organization to the examiner.

6 0

4 years ago

Demand and cost information for a monopoly

sattari [20]

Question:

Please see the Demand and Cost information reproduced in the attached table

Answer:

The correct choice is A)

Profit if maximized where price is equal to $20.

At this price, MR = MC.

Please see the attached PDF.

Explanation:

The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost:

That is, the point where MR = MC.

If the monopoly produces a lower quantity, then MR > MC at those levels of output, and the firm can make higher profits by expanding output.

Cheers!

8 0

3 years ago

Because Mike is only accountable for the $20,000 he invested in his friend Matt's company, the

Arlecino [84]

The answer is limited liability partnership

7 0

3 years ago