Answer:
Explanation:
(a). Audit Procedure (b) . Audit Objective
1.a Take note of trading/order paperwork with the pension (b). Existence of investment/accounts.
2a. Movement of funds within accounts. (b. Examine plan document for investment objectives
3a.make sure that investments agree with plan objectives and allowed risk level (b. Take note of current investment holdings
4a. Make sure that funds are held at updated market fair value(mark to market) (b. Take note of contracts, meeting minutes etc. Confirm that purchases/sales have been approved and falls into plan polices
5a. Extra examination of any significant plan holdings (b. Verify existence and appropriate value . This is important if the plan invest in non-public assets , example is assets are private, equity.
Hard dm me and I know what it is for sure
Answer: Please refer to Explanation
Explanation:
The following will be the journal entry on October 2nd
October 2
DR Cash $8,400
CR Treasury Stock $8,000
CR Additional Paid-in Capital $400
(To record reissuance of Treasury Stock)
Workings
Cash = 400 * 21
= $8,400
Treasury Stock = 400 * 20 (purchase price)
= $8,000
Additional Paid-in Capital = (21 - 20) * 400
= $400
<span>Answer:
The net present value is the sum of the three present values.
NPV = PV of initial investment + PV of 7 year annuity + PV of lump sum salvage
NPV = -48900 + 14600 x (1 - 1 / (1 + 12%)^7) / 12% + 12000/(1+12%)^7 = 23,159.04</span>
With the absence of the options to choose from, lets look at general results of using cost-benefit analysis.
Explanation:
using cost-benefit analysis is a strategic way of making decisions based on cost and benefit solely.
Ideally any investment or strategic decision to be made by an institution needs a cost-benefit analysis.
This is done by listing all the projected resources needed to take up the strategic objective and costed. After which another list is made of the potential benefit that is likely to come to the organisation.
When the two is compared we say <em>you are making cost-benefit </em>analysis.
More often without secondary reasons, the option with the highest benefit over cost is chosen.
This cost and benefit analysis are made both qualitatively and quantitatively.
Quantitatively methods such as NPV are used.
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