Answer:
Interest expense for the year: 33,590.33
Explanation:
face value $ 300,000
rate 9%
time 15 years
issued at $ 201, 136
discount: $ 98, 864
amortization per year under straight-line: the discount is equally distributed for each period
98,864 / 15 = 6,590.33
<u><em>interest expense per year:</em></u>
face value x rate + amortization:
300,000 x 0.09 + 6,590.33 = <em>33,590.33</em>
Answer:
C. A discipline that enhances the degree of confidence that users can place in financial statements.
Explanation:
Independent auditing includes the process of auditing by an independent auditor. It involves the process of analyzing and examining the financial transactions and records. The company's accounts, the business records, the transactions are all monitored and audited so as to avoid any unprecedented act. It do not indulge any means of profit in the whole process. Independent auditing is adopted by the shareholders in order to protect from any sort of frauds or unacceptable claims made in terms of financial records.
Your answer for the problem would be task variety
Answer:
Investment assets.
Explanation:
Investment assets are assets that you purchase for the purpose of accumulating wealth to satisfy your financial goals. Investment assets are assets acquired by an individual or corporation for the main purpose of leaving it for i.e.over a long period of time for it for appreciate in value. This process of accumulation of wealth satisfies the investor financial goals hence, the name Investment assets.
Answer:
b. how much wealth people want to hold in liquid form.
Explanation:
Money demand refers to the amount of liquid assets or wealth, which can be quickly converted to cash, an individual desires hold at a particular point in time, which enables the individual to easily carry out transactions such as exchange of goods and services. It is simply referred to as the desire of people to hold cash. It does include illiquid physical assets that cannot be quickly converted to cash. It includes cash or bank deposits.
