Answer:
B. Installment credit
Explanation:
Installment credit refers to the type of loan where the borrower opts to repay in regular and fixed amounts. Installments are the small periodic payments that the borrower makes to the lender. Typically, installments are made monthly.
In installment credit, the repayment period may range from a few months to years. The installment amount has an interest and principal components.
A CPA examines a sample of copies of December and January sales invoices for the initials of the person who verified the quantitative data. This is an example of a Test of a control
<h3>
What is the Test of a control?</h3>
- Any auditing technique used to assess an organization's internal controls is known as a test of control.
- Determining if these internal controls are adequate to identify or reduce the risk of material misstatements is the goal of control tests in auditing.
- For instance, the auditor is working on the audit of ABC's financial accounts and it will begin very soon.
- Normally, the auditor must complete audit preparation and get audit partner approval before proceeding with the substantive test or conducting fieldwork.
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Calculate for the total earnings gained from working by multiplying the number of hours worked and the hourly wage.
E = (27.25 hours)($5.15 /hour) = $140.3375
The total taxes and items that need to be paid is,
T = $6.19 + $10.74 + $6.37 = $23.3
Subtracting from the total earnings the latter,
NP = $140.3375 - $23.3 = $117.04
Answer is the third choice, $117.04.
Answer:
Bonds have an inverse relationship to interest rates. When the cost of borrowing money rises (when interest rates rise), bond prices usually fall, and vice-versa.
At first glance, the negative correlation between interest rates and bond prices seems somewhat illogical. However, upon closer examination, it actually begins to make good sense.
Answer:
the gross domestic product or GDP would be 1.382,675 Rupees
Explanation:
