The Advantages of a deferred compensation plan is a type of business benefit that allows the business to promise employees funds upon their retirement or other events (like disability) and categorized into two funded and unfunded. The disadvantage of it is ending up paying more overall in the long run because of the interest being added on.
Explanation:
The journal entry to record the exchange who contains the commercial substance is shown below:
Computer A/c Dr $4,620
Accumulated depreciation - Truck Dr $25,200
To Truck $28,000
To Cash $700
To Gain on sale of truck $1,120
(Being the exchange is recorded)
The gain or disposal on sale of truck is the remaining balance left so that the debit and credit balance get equaled
Answer: D. 57 years old.
Explanation: 17 years old is not old enough to have a child. When a person is 57 years old, their child is likely to be around 17 or 18 years old, 40 years younger. Having a child at 40 years old is probably the oldest age out of the ages listed.
Answer:
The statement is false.
Explanation:
Bond prices and interest rates have an inverse relationship, as the interest on a bond rises its price will fall and vice versa.
For example if a bond has a face value of $80 and at maturity it pays $100, it means the interest rate is 20% and a $20 gain on the investment. At the high interest the investment is attractive, price of bonds is ($80) is low.
If however interest falls to 5% for the same bond. It will now have a face value of $95 (price rises) and a gain of $5 (interest falls).
So an inverse relationship exists between a bond's price and the interest rate.
Answer:
Have we inventoried the third party relationships that exist in our organization today?
How are we identifying and tracking new or changing relationships?
Have we assessed and prioritized the risks related to those relationships?
When evaluating new relationships, do our selection criteria address risks to the organization?
Where applicable, do our agreements and contracts include adequate terms and conditions to require third-parties to provide independent assurance to mitigate potential risks, convey trust and confidence, and demonstrate compliance with laws and regulations?
Are responsibilities to manage these risks clearly defined individually for each third-party and as a whole?
Are we monitoring the various risks and contract requirements associated with each existing relationship and at what interval?
Are these relationships dependent on subservice organizations?
How do we gain comfort that information provided by third-parties is valid, accurate, and complete?
Does our risk assessment process identify potential negative events resulting from third party relationships and include procedures in place to respond?
