Answer: why did u delete my answer
Explanation:
Answer:
<u>Future Price</u>
F0: 126.89
F3: 113.13
F4: 113.41
<u>Value of the contract:</u>
a) zero (by definition)
b) -13
c) -13
Explanation:
<em>forward price:</em>
being S the spot rate
time 9 months and
rate 2% <u>continuous componding</u>
As the rate is continuous we calculate using the e number instead:
F = 125 x 1.015113065
F = 126.8891331 = 126.89
<u>3th month into the contract:</u>
F = 113.1256187 = 113.13
<u>4th month</u>
F = 113.4087866 = 113.41
<u>value of the contract</u>
at third month:
Vt = St - F0
Vt = 112 - 125 = -13
at fourth month
Vt = 112 - 125 = -13
Answer:
The correct answer is letter "B": existence, completeness, and rights and obligations.
Explanation:
Assertions are management claims about certain matters regarding a company. Those claims are raised as a result of <em>auditing</em> the firm's financial statements. There are three (3) types of assertions which are:
- Transaction-level assertions: <em>accuracy, classification, completeness, cutoff, and occurrence.
</em>
- Account balance assertions: <em>completeness, existence, rights and obligations, and valuation.
</em>
- Presentation and disclosure assertions: <em>accuracy, completeness, occurrence, rights and obligations, and understandability.</em>
Answer:
b. competitive intelligence
Explanation:
<em>Competitive intelligence is the information a company collects about its rivals, business environment, and industry in order to analyze it to develop more effective business strategies.</em>
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