Answer:
The correct answer is D. Materiality levels for particular classes of transactions, account balances, or disclosures might also need to be revised.
Explanation:
The need for less materiality for significant account / disclosure may occur infrequently; however, it may be appropriate in certain circumstances. The materiality of performance related to a lower materiality for the significant account / disclosure is set to reduce to an adequately low level the probability that the sum of the errors not corrected and not detected in that significant account or particular disclosure exceeds the materiality Minor account / significant disclosure.
We must document the minor amount of the materiality of the significant account / disclosure, if applicable, for each specific significant account or disclosure and the factors considered in its determination.
Materiality Modification
The materiality for the financial statements taken together (and, if applicable, the lower materiality for the significant account / disclosure) may be modified as a result of:
- A change in circumstances that occurred during the audit. New information, or
- A change in our understanding of the entity and its operations as a result of performing additional audit procedures.
Answer:
Yes, Loan would meet our requirement to commute for an impressive summer internship program next year
<u>Explanation:</u>
Taking a loan would meet our requirement of buying a car. We will be able to make the downpayment. This will enable us to buy a car. So the decision to take the loan will be valid.
It will help us in commuting easily for the summer internship program. We will immediately get the car after making down payment and will avail of the benefits of using the car. This is a healthy type of debt.
Answer:
A. dollar denominated deposits at any foreign bank or foreign branch of an American bank
Explanation:
- Are dominations deposited in US dollars in banks that are outside the united states thus are not under the rule or jurisdiction or federal laws. The eurodollar rate is also known as the LIBOR rate is equal to the base rate adjusted by minimum reserve requirements.
- The eurodollar market accounts for a higher rate of interest, greater the flexibility of the maturities and has a wider range of investment in the qualities.
- It has roots in WW2 when the US gave funds from the marshall plan to rebuild the European continent.
Answer: process consultation
Explanation: process consultation is using outside consultants to assess organizational processes such as workflow, informal intra-unit relationships, and formal communication channels. Process Consultation is the creation of a relationship with the client that permits the client to perceive, understand, and act on the process events that happen in the client's both internal and external environment in order to improve the situation as defined by the client. However, A process consultant is an individual that is highly qualified professional that has deep knowledge and insights into and understands the psychological and social dynamics of working with various client systems such as whole organizations, groups, and individuals.
Answer:
$9230.70
Explanation:
Debt ratio = Debt equity ratio / (Debt equity ratio+1) = 0.46/(0.46+1) = 0.46/1.46
Equity ratio = 1/(Debt equity ratio+1) = 1/(0.46+1) = 1/1.46
WACC = 15.4%×1/1.46+8.9%×(1-21%)×0.46/1.46 = 12.76%
Net present value = 20000/(1+12.76%) + 30000/(1+12.76%)^2 + 40000/(1+12.76%)^3 - 60000 = $9230.70
