Answer:
high watermark
Explanation:
A high watermark refers to the mark at which the investment could be reached at a high peak. It to be calculated on that date when the performance fees are charged and it could be charged only on that case when there is a rise in the value of the portfolio
Moreover, in the high watermarks there is no need to pay the performance based fee when there is a poor performance
Therefore the given situation represent the high watermark
Answer:
A. The accounting department prepares a shipping report authorizing the shipment of goods
Explanation:
Internal control over sales is part of the audit procedures for the sales and collection cycle. Its purpose is to control the entire sales process so that there is no alteration in the related activities or in the documents associated with them. This type of control establishes parameters to disaggregate the tasks in several people, creates verification mechanisms so that the products delivered will be those already registered and controls that the goods or services are only delivered to customers with a good credit score.
According to the above, the response that shows an effective internal control over sales transactions is the A, since it establish a list of products authorized to ship, creating a control over the procedure avoiding errors that may appear.
Answer:
From my understanding its D as aggregate deals with atlarge
Answer:
The correct answer is B
Explanation:
Return of premium rider is the kind of policy where the add on that returns, the premiums paid if the insured person or outlives the terms and the conditions of the policy.
So, in this case, Insured person dies within the time period, and the beneficiary received the face amount and in addition all the premiums paid. It is the return of premium which is linked with the policy.
Answer:
A)
Explanation:
For this specific desire of the company, they should focus on Sensitivity analysis, in order to identify the key variable that affects a project’s profitability. Sensitivity analysis focuses on determining how a target variable is affected based on changes in other known variables. This allows a company to tweak and determine which changes will have the greatest positive outcome for each specific project that they are working on.
