Answer: $55.56
Explanation:
Given the following ;
Spot price per barrel = $50
Storage cost = $3 per barrel
Interest rate(i) = 5% (continously compounded)
Period (t) = 1
Upper bound future price.
Upper bound future price = spot price per barrel + storage cost
Storage cost per barrel = $3, compounded at 5 % per annum for one year.
5÷100 = 0.05
Mathematically, present value of storage cost per barrel =
3e^-(i × t) = 3e^-(0.05×1)
3e^-(0.05) = 2.854
Upper bound for one year future price
($50+$2.854)e^0.05×1
52.854e^0.05 = $55.56
Answer:Accounting profit equals total revenue minus accounting costs
Explanation: Accounting profits are actual profits a company makes during a particular accounting year and it can be calculated using the company's total revenue (sales) minus the company's costs ( costs of sales (purchases) plus operating costs) for that particular period under review.
The statement 'Fraud, Abuse, potential health privacy violation and unethical behavior are examples of issues that should be highlighted to compliance department' is True.
A successful compliance program promotes a compliance culture within an organization. For an effective compliance program it is necessary to
- Prevents, detects and corrects non-compliance.
- Is fully implemented and customized to an organization's particular operations and circumstances.
- Has sufficient resources
- Promotes the Organization's Standards of Conduct
- Establishes clear channels of communication for reporting non-compliance.
To avoid, identify, and address noncompliance as well as Fraud, Waste, and Abuse, an efficient compliance program is necessary (FWA). Non-compliance has an impact on everyone. Without tools it is difficult to prevent and everyone is at stake.
In case of unethical behavior or employee misconduct the organization can take following actions
- Exclusion from all Federal health care programs
- Discipline
- Termination
To learn more about Compliance Department
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To be financially responsible, you can keep track of how much money you spend by keeping a checkbook updated. When doing bills, buying groceries and clothes, and spending money on other activities, you use the recipes to record your spendings in the checkbook. Another way to stay financially responsible is to use a debit card more than a credit. When using a credit card, you're borrowing the Bank's money rather than your own and you have to pay them back. Slowly, that can cause more problems when late fees are added, or worse, your interest rates begin to fluctuate. I hope I helped! :)
