Fax machines, voice mail, electronic mail, and electronic conferencing are all examples of

Renaldo Scanlon is a financial consultant. He earns $30 per hour and works 32.5 hours a week. What is his straight-time pay?

sattari [20]

Answer:

$975

Step-by-step explanation:

Straight-time pay = hourly rate × hours worked

= 30 × 32.5

= $975

Renaldo's straight-time pay = $975

4 0

4 years ago

You just won the grand prize in a national writing contest! As your prize, you will receive $1,000 a month for 15 years. If you

skelet666 [1.2K]

Answer:

The prize is worth $111,258.73.

Explanation:

Giving the following information:

Cf= $1,000 a month

Interest rate= 0.07/12= 0.005833

Number of months= 15*12= 180

First, we need to calculate the final value:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {1,000*[(1.005833^180) - 1]} / 0.005833

FV= $316,951.28

Now, the present value:

PV= FV/(1+i)^n

PV= 316,951.28/(1.005833^180)

PV= $111,258.73

6 0

3 years ago

The carrying value of bonds at maturity always equals: Group of answer choices the amount of cash originally received in exchang

LUCKY_DIMON [66]

Answer:

d. the par value of the bond.

Explanation:

All the discount or premium would have been amortized at the time of maturity. Only the par value of the bond will be leftover which should be repaid. Hence, the correct answer is option d "par value of the bond"

3 0

3 years ago

A salesperson earns $350.25 per week plus 12% of her weekly sales. Which of the following describes the sales necessary for the

Natali5045456 [20]

The equation for problem above is:
350.25+12/100*x=800.5
12/100*x=800.5-350.25
12/100*x=450.25
12x=45025
x=45025/12=3752.08

But the question is "at <span>least" $800.50 so the final answer is

</span> $x \geq 3752.08$ <span>
</span>

3 0

3 years ago

you are working with william bond, cpa, and you are considering the risk of material misstatement in planning the audit of toxic

poizon [28]

Because municipalities have received increased federal and state funding for environmental purposes - Decrease.

TWD's Board of Directors is controlled by Janice Mead, the majority stockholder, who also acts as the chief executive officer - Increase.

<h3>What is material misstatement?</h3>

A major misrepresentation is information in the financial statements that is sufficiently false to have an effect on someone who relies on those statements in making financial decisions.

Note that In the case of publicly traded corporations, the board of directors (B of D) is the group responsible for setting strategy and supervising management. The board normally convenes on a regular basis. A board of directors is required for every publicly traded firm.

Therefore, in regards to material misstatement in the cases above, there is a decrease in the first one because funds is going to two different places while is increasing in the second because the person is part of the board and holds some amount of power.

Learn more about material misstatement from

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See full question below

You are working with William Bond, CPA, and you are considering the risk of material misstatement in planning the audit of Toxic Waste Disposal (TWD) Company's financial statements for the year ended December 31, 20X0. TWD is a privately owned entity that contracts with municipal governments to remove environmental waste. TWD's Board of Directors is controlled by Janice Mead, the majority stockholder, who also acts as the chief executive officer.

Based only on the information below, indicate whether each of the following factors would most likely increase, decrease, or have no effect on the risk of material misstatement.

Because municipalities have received increased federal and state funding for environmental purposes, TWD returned to profitability for the first year following three years with losses.

TWD's Board of Directors is controlled by Janice Mead, the majority stockholder, who also acts as the chief executive officer.

3 0

2 years ago