Answer:
d. 38
Explanation:
This is an Annuity Due type of question. You get the hint from the statement "....$5,000 at the <u>beginning</u> of each month," In an Annuity due , the recurring payments occur at the beginning of the period i.e annually, quarterly or (monthly in this case)
So using a financial calculator on "BGN" mode
nominal rate of 18% is the I/Y. However, since it is monthly compounded, convert it to a monthly rate.
I/Y = 18%/12 = 1.5%
PMT; recurring cashflow = -5,000
FV; future value = 250,000
PV ;present value = 0 (note: in annuity, use 0 for the variable not given)
then CPT N = 37.16
Therefore, it will take approximately 38 months
Answer:
True
Explanation:
ADR is an abbreviation for Alternative Dispute Resolution. It is a means of settling disputes without litigation
Methods of ADR include :
- arbitration
- mediation
- negotiation
- neutral case evaluations
- private trials.
Advantages of ADR are :
It is less costly than a litigation case
It is faster than a litigation case
Answer: <em>Option (A) is correct</em>
Explanation:
Accounting is known as the systematic and inclusive documentation of transactions(financial) belonging to an organization. This can also be referred to as the process of encapsulating, determining and reporting these dealings to an agency, individuals and entities responsible for tax collection. Accounting can also be stated as the information system that determines, evaluates, and communicates economical events of a business to interested individuals.
Answer:
Monitoring internal controls
Explanation:
Monitoring internal controls -
It refers to the activity to take charge of the internal control over time , is referred to as the method of Monitoring internal controls .
The method uses evaluating the management and the third party to scan the issue and communicate to resolve the issue .
Hence , from the given scenario of the question ,
The correct term is Monitoring internal controls .