<u>Answer: </u>Option B
<u>Explanation:</u>
In this case Alber Miano had created replica of the invoices and has forged the contractor's signature. The hours of the trade contractors work was changed slightly. Due to the failure of the internal controls Miano was able to indulge in fraudulent activities in a bolder manner.
Through an internal audit Miano's activities were found out by the auditor and the vice president. Then Miano accepted that he was guilty and only showed less than half the amount spent on tangible assets from the accumulated fraudulent activities for four years.
Answer:
WSR's stock = 100
HCC's stock = 50
SNDK stock = 50
Explanation:
let W = WSR's stock
let H = HCC's stock
let S = SNDK stock
W + H +S = 200
16W + 56H + 80S = 8,400
(16 X 7%)W + (56 X 2%)H + (80 X 2%)S = 1.12W + 1.12H + 1.6S = 248
-1.12(W + H +S) = -1.12 x 200
-1.12W - 1.12H - 1.12S = -224
1.12W + 1.12H + 1.6S = 248
0.48S = 24
S = 24/0.48 = 50
W + H + S = W + H + 50 = 200
W + H = 150
16W + 56H + 80S = 16W + 56H + 4,000 =8,400
16W + 56H = 4,400
-16(W + H) = -16 X 150
-16W -16H = -2,400
16W + 56H = 4,400
40H = 2,000
H = 2,000 / 40 = 50
W + H +S = 200
W + 50 + 50 = 200
W + 100 = 200
W = 100
Answer: Option A
Explanation: Mutual funds are introduced by the financial institutions in the market and are not financial institutions themselves.
These funds collect money from various different investors and pool them together to invest in securities of different companies. These funds are managed by the investment professionals who receive both fixed and variable fees depending on the performance of portfolio.
The portfolio is divided into shares and such shares are then sold into the stock market.
Hence from the above we can conclude that option A.
Answer:
3. retained earnings.
Explanation:
When a company earns profit, taxes are deducted to find the net profit or net earnings. From these, it pays dividends at a certain dividend payout ratio; which is usually dividends/ net profit. Whatever remains is reinvested back into the company for funding potential profitable projects and other expansions and are referred to as retained earnings. This gives the retention rate which is basically (1 - payout ratio).
