In an audit of inventories, an auditor would least likely verify that all inventory owned by the client is on hand at the time of the count.
An auditor no longer assumes all inventories to which the auditee has a name to be available a the date of the depend. A few bought goods may also still be in transit at that time. Additionally, some stock may be on consignment or in public warehouses through properly included in the county.
An audit is an "impartial exam of monetary statistics of any entity, whether or not profit oriented or now not, no matter its size or legal form whilst such an exam is performed so one can explicit an opinion thereon.”
An auditor is a person or a firm appointed with the aid of an employer to execute an audit. to act as an auditor, someone should be licensed by means of the regulatory authority of accounting and auditing or possess sure detailed qualifications.
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Answer:
7.44 %
Explanation:
The Yield to Maturity (YTM) is the Interest rate that makes the Present Value of Coupons and Principle equal the Market Price or Current Price of the Bond.
The Yield to Maturity can be calculated using a financial calculator as follows :
PV = - $100
N = (15 -2) × 2 = 26
PMT = ($100 × 7.30%) ÷ 2 = $3.65
FV = $103
P/YR = 2
YTM = ?
Therefore, Inputting the values in the calculator as shown gives the Yield to Maturity is 7.44 %.
Answer:
At 1.783 or more, the conversion yield better gain than sales the corn
Explanation:
The ethanol conversion become attractive if the cost for doing the conversion are lower than the sale revenue for the product.
<u>total cost: raw materials + conversion cost</u>
corn price: $ 3.75
conversion cost: $ 1.60
Total cost: $ 5.35
<u>output: gallon of ethanol per bushel</u>
3 gallons of ethanol per bushel
total cost / output = 5.35/3 = 1.783 cost per gallon
Answer:
EMI=P*r * (1+r)^n/(1+r)^n-1
Where EMI= equal monthly installments
P=Principal amount
r=rate of interest
n=numer of periods
Explanation:
P=$184,500
r=4.65%/12=.3875%
n=30*12=360
EMI=$184,500*.3875%*(1+.3875%)^360/((1+.3875%)^360-1)
EMI=$951
Interest in first monthly installment=$715
Principal Amount in first monthly installment=$236
