Answer:
(D) Earnings numbers are accurate
Explanation:
Under the Sarbanes–Oxley Act of 2002, the SEC requires CFOs to certify that the firm’s financial statements should represent true and accurate amounts. It does contain any false commitment which affects the overall shareholder decisions.
Moreover, the top manager of the company checks the accuracy of the financial reports which contains important and valuable information about the company.
So, all options are incorrect except D.
Answer:
$469,938
Explanation:
To determine the carrying value of the note (principal's balance), I will prepare a payment schedule in excel:
principal = $850,000 - $80,000 = $770,000
n = 20
interest rate = 2.5%
payment = ?
I will first determine the payment using PMT function =PMT(2.5%,20,770000) = $49,393.29
In June 1, 2021, after the payment has been made, the balance will be $469,938
Answer:
Receiving $2,000 every year for 6 years is worth more today.
Explanation:
$2,000 received per year is annuity as same amount is received every year.
Given:
Amount received every year = $2,000
Time period = 6 years
Rate = 5%
Check PVIFA (Present value of annuity factor) table for 5% and 6 years, we get 5.0757
Present value of annuity = 2,000 × 5.0757
= $10,151.4
Receiving $2,000 every year for 6 years is worth more today than receiving $10,000 today as present value of annuity is worth $10,151.4 today which is more than $10,000.
So, $2,000 every year is worth more today.
Answer:
Mass marketing
Explanation:
Mass marketing -
It refers to as the marketing strategy , where the focus is on the complete market rather than some specific group , is referred to as mass marketing .
It is the reverse of niche marketing .
Mass marketing requires advertising method like , television , radio , newspaper , magazine etc.
As they tries to capture large area of consumers .
Hence , from the given information of the question ,
The correct answer is mass marketing .
