Answer:
7 years (to the nearest year)
Explanation:
Given that;
A = amount
P= principal
t = time
r = rate
A =3P(given in the question)
Formula for compound interest;
A = P(1 + r)^t
Substituting values;
3P = P(1 + 18/100)^t
3P/P= (1.18)^t
3 = (1.18)^t
log 3 = t log 1.18
t = log 3/log 1.18
t = 0.4771/0.0719
t = 6.6 years
t = 7 years (to the nearest year)
Accurate. PLEASE GIVE ME BRAINIEST
Answer:
It is a violation of NASD rules against guaranteeing a customer against loss.
Explanation:
In this case the RR is guaranteeing the customer against loss. The customer initially bought the shares for $20 the new price is $10. The RR now coming in to buy the shares above market value is a way to guarantee the customer against loss, and its a NASD violation.
Answer:
1,100 units; 1,050 units
Explanation:
Calculation to determine the equivalent units for direct materials and conversion costs, respectively, for March
DIRECT MATERIALS CONVERSION COSTS L
Completed and transferred out
1,000 units 1,000 units
(300 units+800 units - 100 units)
Add Work in process, ending
100 units 50 units
(50% Complete*100 units=50 units)
Total equivalent units
1,100 units 1,050 units
Therefore the equivalent units for direct materials and conversion costs, respectively, for March will be 1,100 units; 1,050 units
Complete question:
Assume the following general flow of documents in an accounting system. Reply to the following question:
"Source Documents --> Journals --> Ledgers"
The auditors are concerned about source documents that reflect valid transactions that have not been recorded in the journals. Which procedure would be most effective?
(1) Trace from source documents to journals.
(2) Vouch from journals to source documents.
Either (1) or (2).
Answer:
(1) Trace from source documents to journals.
Explanation:
Tracing is the method of tracking the transaction back to the source document in accounting records. Transaction failures are monitored and auditors are often used to ensure whether transactions have been properly reported.
Tracing relates to the compilation and the follow-up to the record of an financial transaction (the source document).
Tracing checks to see that the transactions that happened in the financial reports are registered. Therefore it would be most effective to translate "Trace documents from source into journals."
