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SCORPION-xisa [38]
3 years ago
14

In which of the following situations is having a good credit score important?

Business
1 answer:
Gemiola [76]3 years ago
4 0
What are the answer choices?
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Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 6.5% interest, compounded annually.
Phoenix [80]

Answer:

<em>The future value of the investment will be $3,754</em>

Explanation:

<u>Future Value of Investment</u>

Suppose we have a principal P invested for a period of n years at an interest rate i compounded annually. The final value or future value FV of the investment can be computed by:

FV=P(1+i)^n

The case we are considering consists of a present value P=2,000 that will be used to purchase a n = 10-year certificate of deposit (CD). It pays i=6.5% interest. When the CD matures, 10 years from now its value will be

FV=2,000(1+0.065)^{10}

FV=2,000\cdot 1.877=3,754

The future value of the investment will be $3,754

8 0
3 years ago
Takes a firm stand on the program of the administration and publicized its views
fiasKO [112]

Q:Takes a firm stand on the program of the administration and publicized its views

A: Loyal Opposition

4 0
4 years ago
Based on new information gained during an audit of a nonissuer, an auditor determines that it is necessary to modify materiality
Anon25 [30]

Answer:

The correct answer is D. Materiality levels for particular classes of transactions, account balances, or disclosures might also need to be revised.

Explanation:

The need for less materiality for significant account / disclosure may occur infrequently; however, it may be appropriate in certain circumstances. The materiality of performance related to a lower materiality for the significant account / disclosure is set to reduce to an adequately low level the probability that the sum of the errors not corrected and not detected in that significant account or particular disclosure exceeds the materiality Minor account / significant disclosure.

We must document the minor amount of the materiality of the significant account / disclosure, if applicable, for each specific significant account or disclosure and the factors considered in its determination.

Materiality Modification

The materiality for the financial statements taken together (and, if applicable, the lower materiality for the significant account / disclosure) may be modified as a result of:

  1. A change in circumstances that occurred during the audit.  New information, or
  2. A change in our understanding of the entity and its operations as a result of performing additional audit procedures.
7 0
3 years ago
Westwick Inc. is an advertising agency. Its employees are allowed to take decisions and work in ways that will help maximize the
Anna35 [415]

Answer:

<em>C) Organizational plurality </em>

Explanation:

Organizational plurality is a working environment in which all representatives are encouraged to collaborate in a way that promotes the gains for the company, clients and themselves.

As with the advertising agency, the employees are given chances to follow their decisions and maximize their experience.

5 0
3 years ago
The first budget customarily prepared as part of an entity's master budget is the
ladessa [460]
I am pretty sure it is sales budget
5 0
3 years ago
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