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Which of the following is not a typical analytical procedure?

Aleksandr [31]

Answer:

B. Comparison of recorded amounts of major disbursements with appropriate invoices.

3 0

3 years ago

Find the present value of $600 due in the future under each of these conditions: 6% nominal rate, semiannual compounding, discou

MA_775_DIABLO [31]

Answer and Explanation:

For computing the present value we need to apply the present value formula i.e to be shown in the attachment

For the first case i.e semi annual compounding

Given that,

Future value = $600

Rate of interest = 6% ÷ 2 = 3%

NPER = 9 years × 2 = 18 years

PMT = $0

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the present value is $352.44

For the second case i.e quarterly compounding

Given that,

Future value = $600

Rate of interest = 6% ÷ 4 = 1.5%

NPER = 9 years × 4 = 36 years

PMT = $0

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the present value is $351.05

For the third case i.e monthly compounding

Given that,

Future value = $600

Rate of interest = 6% ÷ 12 = 0.5%

NPER = 1 years × 12 = 12 years

PMT = $0

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the present value is $565.14

Based on the various compounding i.e semi annual, quarterly and yearly the present value would be different in each case

8 0

3 years ago

Ready Company has two operating (production) departments: Assembly and Painting. Assembly has 150 employees and occupies 43,000

BaLLatris [955]

Answer:

b. $98,625.

Explanation:

Maintenance budget : $99,000

Assembly area: 43,000

Painting Area: 29,000

Maintenance budget allocated to assembly (M):

$M=99,000*\frac{43,000}{43,000+29,000}\\M=59,125$

Administration budget : $79,00

Assembly employees: 150

Painting employees: 150

Administration budget allocated to assembly (A):

$A=79,000*\frac{150}{150+150}\\M=39,500$

Therefore, the total amount of indirect factory expenses that should be allocated to the Assembly Department for the current period is:

$A = M + P\\A= 59,125 +39,500\\A=98,625$

6 0

3 years ago

After a foreclosure of an fha insured loan, the lender will receive compensation in the form of?

Nostrana [21]

Lenders who foreclose on FHA-insured loans are compensated with the outstanding sum plus expenses.

<h3>What is a loan with FHA insurance?</h3>

An FHA-approved lender offers a mortgage loan that is guaranteed by mortgage insurance from the US Federal Housing Administration. Lenders are safeguarded from losses through FHA mortgage insurance. A government-backed mortgage that is insured by the Federal Housing

Administration is known as an FHA loan. FHA home loans are particularly well-liked by first-time homeowners since they have lower minimum credit score requirements and down payments than many conventional loans. Lenders are safeguarded from losses through FHA mortgage insurance.

If a property owner defaults on their mortgage, we'll pay a claim to the lender for the unpaid principal sum. Lenders are able to provide more mortgages to homebuyers because they are taking on less risk.

To learn more about FHA-insured loan, refer to:

brainly.com/question/24168197

#SPJ4

6 0

2 years ago

Partially completed goods that are in the process of being converted into a finish product are defined as Select one: A. convers

fomenos

Answer:

B. work-in-process inventories.

Explanation:

Partially completed goods that are in the process of being converted into a finish product are defined as work-in-process inventories.

Generally, the work-in-process inventories include the following raw materials cost, direct labor cost and factory overhead cost.

These category of products are only partially completed and as such are waiting for further processing, still undergoing fabrication or kept in a buffer storage.

4 0

3 years ago