Answer:
The correct answer is letter "C": Financing activities.
Explanation:
Financing activities refer to all funds a company obtains from outside resources of the firm to keep the business up and running or to invest in new ventures that could represent profit opportunities. By doing this, the firm acquires creditors affecting its long-run liability and equity.
Answer: $2,025
Explanation:
Your monthly payment based on the rate of 6.3% per annum is:
= (6.3% * 1,620,000 ) / 12 months
= 102,060 / 12
= $8,505
Now that the rate has gone up to 7.8% per annum, the payment is:
= (7.8% * 1,620,000 ) / 12 months
= 126,360 / 12
= $10,530
Payment went up by:
= 10,530 - 8,505
= $2,025
Test of controls is when you test controls surrounding a financial process . Substantive test are performed when one tests assertions surrounding a balance.
Answer:
$8,884
Explanation:
The computation of the economic profit is shown below:
= Received amount - dance earnings - insurance paid - music and licensing fees - boom box - rent and utilities
= $60,480 - $34,000 - $4,300 - $1,846 - $150 - $11,300
= $8,884
The economic profit is come from subtracting the explicit cost, implicit cost from the revenue earned and the same is reflected above
Answer:
E. Thompson memo
Explanation:
The name 'Thompson Memo' was used to honor the Deputy attorney General that first issued the memo in 2003. His name is Larry Thompson.
The memo was created to distinguished the line between the 'honest mistake' that the company might do and an actual wrongdoings that must be punished by law.
The memo consist of several criteria that future prosecutors can use to determine whether a company should be punished or not. Those criterias are:
- The nature/seriousness of the offense
- Whether they did a similar 'mistake in the past
- Whether the company admit the mistake by their own or whether it's exposed by other people
- Whether the company proposed a remedial action.
