Answer:
Addison will have $ 1,661 in her account in nine years.
Explanation:
This problem requires us to calculate value of our investment of $ 1000 dollars after nine years. The interest on the investment is 5.8% compounded annually.
This problem can be solved by using simple compounding formula given below.
Future Value = Present Value (1+interest rate%)^-period
Future Value = 1,000 (1+5.8)^9
Future = $ 1,661
Answer
Net income = 2.170.000
Loss from operations of discountinued component = -3.600.000
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:1.
1. Key conditions for the company to be "auditable" :
<u>- Transparency in the company's financial statements </u>
Meaning the company should let the auditors acess the full financial information taht written by the company, without any information to hide.
<u>- The company's control environment </u>
This mean that the company should be able to inform the set of procedures that it implemented for the operation
<u>- Management is aware of possible risks and are following steps to minimize the risks ethically</u>
This means that the management shouldn't overblown their expense to increase their deductible or overblown their asset value to obtain investors.
<u> - Good communication between the auditors and the management</u>
<u>2.</u> What uncommon challenges to "auditability" are posed by Chinese companies?
Unlike united states government, the Chinese government tend to have a really strong influence within the private sector. It has a significant amount of ownership toward chinese largest corpration.
This make it really hard for auditors because those companies often required by the government not to spill crucial information of the company. That information might compromise the Chinese government.
Declining costs Highest net income LIFO Highest inventory LIFO.
Core paper. The last-in-first-out (LIFO) method assumes that the last unit to arrive in inventory, or the newest unit, will be sold first. The first in, first out (FIFO) method assumes that the oldest SKUs are sold first. FIFO inventory calculation assigns the last acquisition cost to the manufacturing cost.
FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.
Learn more about LIFO at
brainly.com/question/13510592
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Out of the following choices, the form of an investment that has the most amount of risk involved is a mutual fund. The answer will be 3.
