Answer:
C. No, they must also meet the requirements in Answers A and B. In addition, the corporation must furnish a surety bond in the amount of $25,000.00, or more, based upon yearly average trust fund obligations
Explanation:
 
        
             
        
        
        
The answer is marginal revenue (MR) curve above $22.
Explanation:
Jim and Lisa Groomers will maximize its accounting profit when taking it to 0 its economic profits when marginal revenue = marginal costs.
Economic profits are not the same as accounting profits because they include the opportunity costs of investing the money somewhere else. That is whythe long run firm is not able to make economic profits since as they exist, new competitors will enter the market. But in the case of the shoert run, the firms are able to make economic profit, but by doing so, they cannot maximize their accounting profit.
Economic profit = account profit = Opportunity profit
Opportunity cost are extra costs or benefitslost from choosing one activity or investment over another one.
 
        
             
        
        
        
Answer:
bond market value $660
Explanation:
We need to calculate the present value of the maturity and the cuopon payment using the effective rate of 9.7%
First we do the annuity:
 
 
C  24.25  (1,000 face value x 4.85 bond rate / 2 )
time  24.00 (12 year 2 payment a year)
rate  0.04850 (current rate divide by 2 to get it annually)
 
 
PV	$339.55 
 
Then present value of the maturity
  
  
 Maturity   1,000.00 the face value of the bond
 time   24.00 
 rate   0.04850 
  
  
 PV   320.89 
Finally we add them together:
PV coupon payment	$339.5545 
PV maturity  $320.8910 
Total	$660.4455 
rounding to nearest dollar
bond market value $660
 
        
             
        
        
        
Answer:
9.17%
Explanation:
Interest on Note B = $227,000 * 8% * 6/12
Interest on Note B = $9,080
Remaining Interest = $16,300 - $9,080  = $7,220
Annual Interest Rate = $7,220 / $135,000 * 12/7
Annual Interest Rate =  0.0916825397
Annual Interest Rate = 9.16825397
Annual Interest Rate = 9.17%
 
        
             
        
        
        
Answer:
The correct answer is option A.
Explanation:
Substantive is a type of auditing procedure. It involves the process of examining financial statements and other related documents to  check for error.
These tests are conducted to ensure that the financial records are complete and correct. 
These procedures are conducted by an auditor and include examining journal entering, testing account balances and transactions.
Though it does not include requesting a cut off bank statement to be mailed to the client.