A <u>bond</u> represents a long-term debt obligation issued by a corporation or a government.
Debt obligation method a responsibility to make a repayment of cash to any other man or woman, inclusive of debts payable and the responsibilities springing up beneath promissory notes, payments of trade, and bonds;
A collateralized debt responsibility is a sort of based asset-backed safety. at the beginning advanced as contraptions for the company debt markets but after 2002 CDOs have become cars for refinancing mortgage-backed securities.
Month-to-month Debt obligations approach a purchaser's housing charges, along with month-to-month rent or mortgage fee, and required payments below any debt obligations (which includes the patron's month-to-month charge below the mortgage and insurance for the vehicle to be acquired under the mortgage).
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Businesses can act ethically by being honest and fair
Answer:
a Description of tests performed to search for material weaknesses.
Explanation:
When reporting on conditions relating to an entity's internal control observed during an audit of the financial statements, the auditor should include a Description of tests performed to search for material weaknesses.
Tests of controls may be performed to test the effectiveness of certain controls that auditors consider relevant to preventing and detecting errors and fraud that are material to the financial statements, <u>thereafter a management report must be issued to the audit committee for any deficiencies in controls to be addressed.</u> The management letter describes the tests performed and the results in each category
Answer:
-Better decision making
-Can prevent costly mistakes and helps in tax period
Answer:
B. A loan that is repaid in equal monthly payments for a specific period of time, usually several years.
C. A loan where you have to promise to give the bank your assets if you do not repay the loan.
Explanation:
A Consumer installment loan is also known as a closed end credit. It is a form of loan whereby the consumers are expected to pay back in a regular manner usually monthly over a period of time which could span between one to about forty years.
The loan is given based on how credit worthy the consumer is. Failure to pay back the loan after the stipulated time frame would result to the seizure of the consumer's property or assets by the lending institution. The lending institution could be a bank. A mortgage loan, and a car loan are examples of consumer installment loans.
