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Gala2k [10]
3 years ago
7

Chester Company has established internal control policies and procedures in order to achieve the following objectives:

Business
1 answer:
Trava [24]3 years ago
4 0

Answer:

B) Objectives 2 and 3

Explanation:

Accounting controls are procedures that help a company ensure the validity and accuracy of its financial statements.

Therefore, one of the main priorities of accounting controls would be to make sure that accounting records are correct. By ensuring the validity of accounting records, the company's assets are safeguarded, since the possibility of something missing or being incorrectly recorded diminishes.

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The velocity of money is _________.A. the rate at which the Fed puts money into the economy. B. the same thing as the long-term
OLga [1]

Answer:

The correct answer is D

Explanation:

Velocity of money is a tool for the measurement or evaluation of the rate at which the money is being exchanged in an economy or market. It is computed as the equation which divide the GDP (Gross Domestic Product) with the money supply . The velocity of the money is the number of times, the money moves or circulate from one entity to another entity.

So. it is the average number of times the dollar spent per year by the entities.

6 0
3 years ago
Suppose that the nominal rate of interest is 5 percent and the inflation premium is 1 percent.
murzikaleks [220]

Answer:

1.     4%

2.    2%

Interest rates are rounded off to nearest whole number.

Explanation:

Fisher effect formula determines the relationship between the Nominal rate, Real rate and inflation rate.

Fisher effect formula is as follows

1 + nominal rate = ( 1 + real rate ) ( 1 + inflation rate )

1.

1 + 5% = ( 1 + real rate ) ( 1 + 1% )

1.05 =  ( 1 + real rate ) x 1.01

1 + real rate = 1.05 / 1.01

1 + real rate = 1.0396

real interest = 1.0396 - 1 = 0.0396 = 3.96% = 4%

2.

Inflation premium = [ ( 1+ nominal rate ) / ( 1+ real rate ) ] -1

Inflation premium = [ ( 1+ 6% ) / ( 1+ 4% ) ] -1

Inflation premium = [ ( 1.06 / 1.04 ] -1

Inflation premium = 1.0192 - 1

Inflation premium = 0.0192

Inflation premium = 1.92%

Inflation premium = 2%

4 0
3 years ago
All of the following are reasons to obtain your credit report periodically EXCEPT: A. There isn't a good reason to obtain your c
lawyer [7]
A credit report contains the information of your credit cards past; (What they have spent, etc) Lenders need this information to see if your card is worthy of a loan. What do you think?
7 0
3 years ago
1. The Jackson-Timberlake Wardrobe Co. just paid a dividend of $2.15 per share on its stock. The dividends are expected to grow
Y_Kistochka [10]

Answer:

1.$34.4

2.$38.70

3.$61.95

Explanation:

1. Current price=D1/ (Required return-Growth rate)

= (2.15*1.04)/ (0.105-0.04) =$34.4

Therefore the answer is $34.4

We use the following formula:  

A=P (1+r/100) ^n

where

A=future value

P=present value

r=rate of interest

n=time period.

2. A=$34.4*(1.04) ^3

=$38.70(Approximately).

Therefore the answer is 38.70

3. A=$34.4*(1.04) ^15

=$61.95(Approximately).

Therefore the answer is $61.95

8 0
3 years ago
In some countries it is customary to pay government officials to secure necessary business contracts and permits. American busin
ElenaW [278]

Answer: The <u>FCPA</u> is a United States federal law, which prohibits payments of bribes to foreign officials to assist in obtaining or retaining business. These payments are not restricted to monetary forms and may include anything of value.

3 0
4 years ago
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