Answer:
Correct answer is (C) the Argentine government lost the ability to maintain the pegged relationship as in fact investors and traders perceived a lack of equality between the Argentine Peso and the U.S. dollar.
Explanation:
The country took this step because the Argentina monetary policy was an improper exchange rate and as such the pegged rate failed. That period is refer to as Argentina's currency crisis year as the monetary policy can no longer be sustained.
A witness who refuses to testify after being given immunity can be held in contempt of court and subjected to fines and jail time.
Answer:
Explanation:
The owner does not use ID scanners to limit access to expensive merchandise. Instead, the owner argues they hire honest employees.
weakness <em>does not use ID scanners (surely they must hire honest employees and also use appropriate tools)</em>
An employee cannot approve their own request for purchases of inventory.
strength <em>cannot approve their own request (the hierarchically above should approve)</em>
Several salesclerks share the same cash drawer.
weakness <em>share the same cash drawer (this must be prohibited)</em>
Employees that handle easily transferable assets such as cash are bonded.
weakness <em> </em><em>transferable assets such as cash are bonded (the employee should not be responsible for)</em>
The company devotes resources towards keeping accurate accounting records for machinery.
strength <em>resources</em> <em>keeping accurate accounting records for machinery.</em>
<em>(Certainly company should </em> <em>accurate accounting records ever</em>
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
A) You want $1,000,000 when you retire in 40 years. It earns 6 percent annually.
We need to use the following version of the final value formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
FV= 1,000,000
n=40
i=0.06
A= (1,000,000*0.06) / [(1.06^40)-1]
A= $6,461.53
B) You decided to contribute $500 a month into a fund that is expected to earn 6 percent, compounded monthly. If you start the contribution a month from today for 30 years.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
n= 30*12= 360
i= 0.06/12= 0.005
A= 500
FV= {500*[(1.005^360)-1]}/0.005= $502,257.52
Answer:. b) The standard statements focus on accounting income for the entire corporation, not cash flows, and the two can be quite different during any given accounting period. However, for valuation purposes we need to discount cash flows, not accounting income.Moreover, since many firms have a number of separate divisions and since division managers should be compensated on their divisions' performance not that of the entire firm, information that focuses on the divisions is needed. These factors have led to the development of information that is focused on cash flows and the operations of individual units.
Explanation: GAAP(generally accepted accounting principles) are sets of principles and guidelines which govern the preparation of accounting statements. They are prepared by the Financial accounting standards board, All public companies in the United States of America must follow these principles in making Financial statements.
The principles include OBJECTIVITY,MATERIALITY,CONSISTENCY AND PRUDENCE. Through this four core principles of GAAP financial statements are expected to be prepared.