Answer:
False
Explanation:
Cash larceny is the action of stealing company cash already been registered in the books of accounts for a specific accounting period. An employee of the company perpetrates the theft. It involves the employee scheming and executing the taking away of cash recorded in the books without the employer's authority.
Cask larceny happens in the cash register, in the safe, or from cash deposits in transit. In most instances, larceny involves small amounts of money. As the cash is recorded in the books of accounts, larceny can be detected with proper cash reconciliation.
Answer:
It will take 98 months to pay-off the loan
Explanation:
We need to solve for time (n) in a given annuity:
C $60.00
time n
rate 0.011583333 (0.139 annual / 12 months)
PV $3,500.0000
now, we use logarithmics properties to solve for n:
-n = -97.77655542
n = 97.77 = 98
The correct answer to choose is A. Taking out a loan doesn't help you build credit.
Answer:B. One year from now Bond A's price will be higher than it is today.
Explanation:A Noncallable bond is a bond whose investment cannot be redeemed before its maturity date by the issuer, it can only be redeemed after the payment of a penalty.
The issuer of a noncallable bond makes itself vunerable to interest rate risk mainly because, at the issuance of the bond, it is locked to the interest rate it will pay only when the bond's maturity date is achieved.
Coupon rate is the rate at which a bond repay its owner,it can be annual.
Answer:
Broker A is responsible for safekeeping previous records up to 4 years in the past.
Explanation:
Even if broker A decided that it was best for him to start working for broker B, he/she is still responsible for safekeeping all the previous records (up to 4 years) when he worked by himself/herself. The same applies if broker B had acquired broker A's business (a sole proprietorship is a type of business).