Basically, the Sarbanes Oxley Act was not a single Act, but a series of Acts that were designed to expand starting requirements for companies such as firms and overall businesses. Section 404 is one of the Acts that are specifically set on the company's control on their financial reports made. As a result, internal management or more commonly known as the Internal Affairs program of a company must provide a detailed and clear-written (straight-to-the-point) report on the company's structure (how they do things) and creating, or establishing, a set of procedures on how they plan to report their financial status.
Answer:
Price of bond= $1,922.92
Explanation:
<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV). </em>
Value of Bond = PV of interest + PV of RV
Semi-annual interest = 4.93% × 2,000 × 1/2 =49.3
Semi-annual yield = 5.29%/2= 2.65%
PV of interest payment
PV = A (1- (1+r)^(-n))/r
A- 49.3, r-0.02645, n- 16×2
= 49.3× (1-(1.02645)^(-10)/0.02645)
= 1,055.521
PV of redemption Value
<em>PV = F × (1+r)^(-n)
</em>
F-2000, r-0.02645, n- 16
×2
PV = 2,000 × 1.02645^(-16×2)
PV = 867.402
Price of Bond
1055.52 + 867.40 =1,922.92
= $1,922.92
Answer:
The normal balance of each account will depend on the type on account involved.
Explanation:
The double-entry system of accounting imlpies that transactions recorded shlooud involve two movements; a corresponding debit entry for a credit entry, though some transactions have more than two entries.
However, by way of rule, a normal balance increases the account and on the opposite of that account, the amount decreases so as to obtain a balance in its rightful position.
Thus, asset accounts will have debit balances, liabilities and capital accounts will have credit balances, income account will have credit balances due to its additional effect on capital, while expenses and withdrawals will have debit balances because they reduce capital.
<span>If the form of a will is made orally, and written down by a witness, it is called </span>nuncupative (non-culpatory) - meaning oral or dictated; often limited to sailors or military personnel.
Answer:
sign a contract with the contractor that includes the project start date and payment plan.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.
Hence, before work can begin on the project, the customer must sign a contract with the contractor that includes the project start date and payment plan.
