To review and report on internal controls over sales, purchasing and cash at Downe, your external audit firm should develop points for inclusion in your firm's report on identified internal control deficiencies at Downe.
In the cases described, the central deficiency is in the use of money not specifically allocated for payments and lack of adherence to company policy.
The consequences of these actions at Downe can mean a lack of control, organization and coordination of the flow of income and expenses, leaving businesses without correct records of capital utilization, legal compliance and inventory control.
It will therefore be necessary to restructure Downe's processes in order to implement a new policy that is passed on to all employees to be strictly enforced. In addition to greater control by managers and redesign of the organizational and work structure.
In this way, the company will guarantee that the processes occur in a planned, focused and strategic way, generating an improvement in the organizational culture and better positioning for the company in the market.
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Answer:
b. The bond puttable in 10 years will depreciate more than the bond puttable in 5 years
Explanation:
Data provided in the question
20 -year corporate bond i.e issued at par at 10%
One issue is for 5 years
other issue is for 10 years
Now if the interest rate rise by 200 basis points
So,
Based on the above information
If a bond is issued at a future date, any price drop due to higher interest rates will be eliminated as the holder is able to return the bond to the issuer earlier
Hence, the option B is correct
Answer:
$729
Explanation:
The computation of the one call option is shown below:
= Call option price × number of shares
= $7.29 × 100 shares
= $729
Simply we multiplied with the call option price with the number of shares so that the one call option could be calculated as we have to find out the one call option price
All other information which is given is not relevant. Hence, ignored it
The appropriate response is deregulation. Deregulation, the omission of some administration controls over a market, it permitted or constrained firms to contend by dispensing with many value controls and obstructions to section. The objective of deregulation is to promote competition.
