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Anettt [7]
3 years ago
11

Who is responsible for the preparation and integrity of the financial statements?

Business
1 answer:
mezya [45]3 years ago
8 0
The management of a company is responsible for the preparation and integrity of financial statements. These then get based on to accountants for tax purposes. Just as we keep records and "manage" our personal accounts for financial purposes, management does this for their corporation. 
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An investor purchases a 12-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of in
marysya [2.9K]

Answer:

Value of the bond = $862.013

Explanation:

The value of the bond is the present value of the future cash receipts expected from the bond. The value is equal to present values of interest payment and the redemption value (RV).

Value of Bond = PV of interest + PV of RV

The value of the bond can be worked out as follows:

Step 1

<em>Calculate the PV of Interest payment </em>

Present value of the interest payment

PV = Interest payment × (1- (1+r)^(-n))/r

Interest payment = $40

PV = 40 × (1 - (1.05)^(-12×2)/0.05)

= 40 × 13.7986

= 551.945

Step 2

<em>PV of redemption Value </em>

PV of RV = RV × (1+r)^(-n)

= 1000 × (1.05)^(-12×2)

= 310.067

Step 3

<em>Calculate Value of the bond  </em>

= 551.94567 + 310.067

=862.01

Value of the bond = $862.013

 

3 0
3 years ago
A local ice-cream parlor has 100 customers in the "rush" hour between 5PM and 6PM (assume that the customers arrive according to
WITCHER [35]

Answer: 36 seconds.

Explanation:

Based on the information given in the question, the Taktzeit for the ice-cream scoopers will be calculated thus:

First and foremost, Taktzeit refers to the time taken between the beginning of production for one unit and the beginning of the next unit.

From the information given, the available Time is 1 hour which can be converted to secunds and this will be:

1 hour = 3600 seconds

Hourly Demand = 100

Then, the takzeit will be:

= 3600/100

= 36 seconds

5 0
3 years ago
The financial reporting for private not-for-profit entities primarily focuses on: Multiple Choice basic information for the orga
Romashka [77]

Answer: basic information for the organization as a whole.

Explanation:

Private Not-for-profit organization as the term implies, are not operating to make a profit therefore their financial statements will generally not include measures that are aimed at showing profit like profit making organizations.

They will instead focus on talking about the entire organization as whole and what it has done so far in the current period. This is what is required of them by U.S. GAAP.

7 0
3 years ago
Which of these careers would not require a university education?
sertanlavr [38]
It would be one of those fast food places and or being a nanny or a gilr for beinga butler u get the point ur welcome.
8 0
3 years ago
Alicia deposited $400 in the bank. The bank paid her simple interest at the rate of 5 percent per year. How much money will she
algol13

Using simple interest, she will have $410 at the end of six months.

Principle = $400

Rate = 5%

Time equals 6 months, or 0.5 years.

Simple interest is equal to PRT/100.

S.I. = 400*5*(1/2)/100

S.I. = 10

Consequently, $400 plus $10 equals $410.

<h3>What is simple interest?</h3>

To calculate the amount of interest that will be charged on a loan, use the quick and easy formula known as simple interest. For the purpose of calculating simple interest, the daily interest rate, the principal, and the number of days between payments are multiplied.

A loan's principal or the first deposit into a savings account serves as the basis for simple interest. Because simple interest doesn't compound, a creditor would only pay interest on the principal sum, and a borrower will never have to pay interest on the interest that has already accrued.

Learn more about simple interests, from:

brainly.com/question/25845758

#SPJ1

6 0
9 months ago
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