When the auditors express an opinion on financial statements their responsibilities extend to : Whether the results of their client's operating decisions are fairly presented in the financial statements.
Explanation:
An auditor is a person or corporation assigned to conduct an audit by a client. To order to be an auditor, a person should have a credential or relevant credentials of the regulatory authority for accounting and auditing.
The auditor is someone who reviews financial records and checks them. They ensure consistency of financial records and correct payment of taxes. We monitor financial activities to ensure that companies operate efficiently.
A statement that somehow the auditor is liable for expressing an opinion on the audit's financial statements. Examining details of the sums and reports in the financial statements on a test basis; evaluating the accounting standards used and relevant management estimates;
Answer:
$112,807
Explanation:
To calculate the amount of money you borrowed, you have to use the formula to calculate the present value:
PV=FV/(1+r)^n
PV= pressent value
FV= future value= 647,514
r= rate= 6%
n= number of periods of time= 30
PV=647,514/(1+0.06)^30
PV=647,514/(1.06)^30
PV=647,514/5.74
PV=112,807
According to this, you originally borrowed $112,807 for this house.
Answer:
Explanation:
The <em>price</em> of a <em>stock</em> can be modeled by the present value of the stream of future <em>dividends</em> discounted at a rate equal to the<em> return expected</em>.
The equation, when the dividends are expected to <em>grow</em> at a constant rate, less than the return rate is:
Where:
- Price₀ is the <em>current price</em>: $44.12
- Div₁ is the <em>dividend </em>to be paid a year from now: $0.46 × 1.145 = $0.53
- g is the expected constant <em>growth rate</em>: 14.5% = 0.145
- r is the <em>expected return</em>
Then, you can solve for r:
