Answer:
The correct answer is letter "A": Analytical review.
Explanation:
Substantive procedures are those steps auditors take to confirm the accuracy of the Financial Statements being checked. This activity aims to confirm if there are transactions recorded incorrectly in a company's books. Some examples of substantive procedures are <em>bank account confirmation, observation of the firm's physical inventory, </em>or<em> analytical review of the assets, liabilities, and revenue</em>.
Answer:
$418,200
Explanation:
Period Costs under Variable Costing include (1) Fixed Manufacturing Overheads and (2) All Non-Manufacturing Expenses.
<u>Calculation of Period Costs</u>
Fixed manufacturing overhead $260,700
Fixed selling and administrative expense $120,000
Variable selling and administrative expense ($5 × 7,500) $37,500
Total Period Cost $418,200
Answer: 1.76
Explanation:
Given the following :
R=1.02,
S0 = 100
u=1/d= 1.05
Strike(k) = 102
Total Payoff = (probability of upside × upside Payoff) + (probability of downside × downside Payoff)
Upside Price = u × S0 = 1.05 × 100 = 105
downside Price = S0/u = 100/1.05 = 95.24
Upside Payoff = upside price - strike rate =(105 - 102) = 3
Upside probability :
[e^(r - q) - d] / u - d
E = exponential, q = Dividend (Dividend is 0, since the stock does not pay dividend)
d = 1/d = 1/1.05 = 0.9523809
e = 2.7182818
[2.7182818^(1.02% - 0) - 0.9523809] / (1.05 - 0.9523809)
[1.0102521 - 0.9523809] / 0.0976191
0.0578712 / 0.0976191
= 0.5928266
Probability of downside = 1 - p(upside)
P(downside) = 1 - 0.5928266
P(downside) = 0.4071733
Therefore, total Payoff =
(0.5928266 × 3) + (0.4071733 × 0)
= 1.7784798
European. Call option:
Total Payoff / (1 + r%)
1.7784798 / (1 + 1.02%)
=1.7784798/ (1 + 0.0102)
= 1.7784798 / 1.0102
= 1.7605224
= 1.76
When organizations face a turbulent environment, intense competition, and the need to move fast, the most appropriate leadership would be: transactional subordinate centered free rein transformational task-centered.
<h3>How can an organization attend to turbulent
environment, intense competition?</h3>
For an to respond to turbulent environment, intense competition, then the kind of leadership needed is transformational task-centered that would be able to observe the business environment to make necessary decision.
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When the interest payment dates of a bond are may 1 and november 1, and a bond issue is sold on june 1, the amount of cash received by the issuer will be " increased by accrued interest from May 1 to June 1."
<h3>What are bonds?</h3>
A bond is a kind of debt commitment instrument in which an investor loaned money to a company for a set period of time at a predefined interest rate.
- Bonds are typically used to fund large-scale projects that require a large sum of money.
- Corporations issue bonds on occasion during paying interest periods.
- In this case, the bond issue price includes the accumulated interest from last interest payable date to a bond purchase date.
- The increase in the issuer's return is the same as the interest earned through May 1 and June 1.
As a result, the amount of cash obtained by the issuer from May 1 to June 1 would be increased by accrued interest.
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