The general guideline for the segregation of duties is that the following areas should be separated by accounting controls : 1. custody of assets, 2. authorization of transactions, and 3. record-keeping responsibilities.
<h3>Give a brief account on segregation of duties.</h3>
The assignment of distinct steps in a process to different personnel is known as the segregation of duties. By exercising extreme control over a process, the goal is to prevent situations in which someone might steal something or do another fraud. In essence, distinct parties should have physical custody of an asset, record-keeping responsibilities for it, and acquisition and disposal authority.
A key component of a control system is the separation of roles. When evaluating an entity's system of internal controls, auditors will consider duty segregation and will give the system a lower rating if there are any segregation problems.
The auditors will change their methods when there are segregation problems because they will presume that the danger of fraud has increased. This method shift typically entails a rise in audit workload, which is passed on to the customer in the form of higher audit fees.
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The answer cannot be determined from the information provided.
Answer: Option B.
<u>Explanation:</u>
A linear regression line has an equation in the form Y = a + bX, where X stands for the explanatory variable and Y is used to denote the dependent variable in the equation. The slope of the line is b, and a is the intercept (the value of y when x = 0).
A regression line (LSRL - Least Squares Regression Line) is a straight line that explains how a dependent variable y changes as an explanatory variable x changes. The line is a mathematical model used to predict the value of y for a given x. Regression requires that we have an explanatory and response variable.
Consumers always try to equate marginal utility of a good to its price which is a marginal cost of consumption.
<h3>What is marginal utility and why consumers make a choice by looking at both mu and price?</h3>
- So economically a utility is a kind of benefit that a consumer gets by buying a product of choice.
- Now marginal utility is the benefit one gets by buying an additional unit of consumption except the first product bought.
- Here the question is asked about the consumer taking notice of both marginal utility and price while buying goods.
- Hence consumers watch for the marginal utility and price of the good both to equate the marginal utility to its price which is a marginal cost of consumption.
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Answer:
13.47%
Explanation:
yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
7.07% = {coupon + [($2,000 - $1,897.26)/34]} / [($2,000 + $1,897.26)/2]
7.07% = (coupon + $3.0218) / $1,948.63
coupon + $3.0218 = $1,948.63 x 7.07% = $137.7681
coupon = $137.7681 - $3.0218 = $134.7463
semiannual coupon rate = $134.7463 / $2,000 = 0.06737 x 2 = 0.1347 ≈ 13.47%
