1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Wewaii [24]
3 years ago
10

The sole responsibility of management with regard to financial reporting involves preparing and presenting financial statements

in accordance with the applicable financial reporting framework
(A) True
(B) False
Business
1 answer:
postnew [5]3 years ago
4 0

Answer:

The answer to this question is True.

Explanation:

The one and only responsibility of the management towards financial reporting involves presenting the financial statements that were prepared by the them that is in accordance to the financial reporting framework that is applicable.

Hence the answer to this question is True.

You might be interested in
Suppose the S&P 500 index is currently 950 and the initial margin is 10%. You wish to enter into 10 S&P 500 futures cont
vagabundo [1.1K]

Answer:

$930.89

Explanation:

The Notional value of position = Price of S&P-500 index future x Contract multiplier x no. of contracts

= 950x250x10

=$2,375,000

Margin = Total nominal value of position x Initial margin

=2375,000x10%

=$237,500

b) Maintenance margin = Initial margin x Maintenance margin

=237500 x 80%

=$190,000

Margin call will be receive when value of the Initial margin falls below maintenance margin

Thus 237500e^0.06/52 + (St -950) x250 x10 <190,000

From here St = price at which margin call will be made

=237500e^0.0011538 + (St -950) x 2500 <190,000

=237500(1.0011538) + (St -950) x 2500 <190,000

=237774.04 + (2500St - 2375000) < 190,000

=2500St - 2137226 <190,000

= 2500St <2327226

St < 930.89

Thus price below $930.89 will be called maintenance margin.

7 0
3 years ago
HELP ME PLEASE ILL GIVE CROWN PLEASE!!
navik [9.2K]

Answer:

HTML doc or web page

explaining this will not really help it will just be in the file under web page or HTML doc

3 0
2 years ago
All of the following are arguments in favor of social responsibility except: Select one: a. Corporate action to cure social prob
Romashka [77]

Answer:

Option B                                    

Explanation:

In simple words, Social accountability requires that companies will behave in a way that promotes community in order to increase the shareholder interest.  lnvestors as well as customers looking for projects which are not really successful but also commit to the health of people and the ecosystem are becoming progressively crucial for public accountability.  

Thus, from the above we can conclude that the correct option is B.  

7 0
3 years ago
you need a 20-year, fixed-rate mortgage to buy a new home for $210,000. Your mortgage bank will lend you the money at a 7.1 perc
Delicious77 [7]

Answer: $337,869.73

Explanation:

Find out the future value of $1,000 given an interest rate of 7.1%. If this amount is less than the future value of $210,000, the difference is added to the final payment to come up with the balloon payment.

The APR needs to be made periodic:

= 7.1% / 12

The $1,000 payment is an annuity so this can be calculated as:

= Annuity * ( ( 1 + rate) ^ number of periods - 1) / rate

= 1,000 * ( ( 1 + 7.1/ 12%) ²⁴⁰ - 1) / 7.1/12%

= $527,297.83

Future value of $210,000

= 210,000 * ( 1 + 7.1/ 12%) ²⁴⁰

= $865,167.56

Balloon payment will be:

= 865,167.56 - 527,297.83

= $337,869.73

3 0
3 years ago
When marketing managers looks for a relationship between past sales and one or more independent variables, such as population, p
Volgvan

When marketing managers looks for a relationship between past sales and one or more independent variables, such as population, per capita income, or gross domestic product, they are engaging in regression analysis.

<u>Explanation:</u>

An effective mathematical formalism which enables one to analyze the interaction among two or more interest factors is understood as a regression analysis. While there are several forms of regression analysis, they all analyze the effect of one or more independent variables on a dependent variable at their source.

The linear association among two variables is defined using correlation. Regression is then used to match the best line and predict one variable based on another variable. Regression, then, represents the effect on the dependent variable of the unit shift in the independent variable.

5 0
3 years ago
Other questions:
  • When solving systems of equations we have at least two unknowns. A common example of a system of equations is a price problem. F
    13·1 answer
  • Suppose the Green Elf Corporation's common stock has a return of 12%. Assume the risk-free rate is 4%, the expected market retur
    7·1 answer
  • On December 29, year 6, Kolek Company granted 100,000 stock options to a group of 100 employees, enabling each employee to buy 1
    6·1 answer
  • In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:
    6·1 answer
  • Andy has a remaining unpaid balance of $845 on his credit card. His credit card company has an APR of 18 percent. How much will
    7·2 answers
  • The following transactions occur for Badger Biking Company during the month of June:
    14·1 answer
  • 3. What is the key difference between Net Pay and Gross Pay?
    10·1 answer
  • A multi-domestic corporate-level strategy is one in which:
    14·1 answer
  • HELPPP ILL MARK BRAINLIEST!!!!
    13·2 answers
  • Write a 100-word draft of the memo, keeping in mind the formatting rules you have learned. Because this memo is short, it doesn'
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!