Answer:
The answer is: A) No auditing procedures were performed after the date of the Year 1 auditor's report.
Explanation:
Since Gole is including a separate paragraph in the review report for Year 2 to describe his responsibility for the previous period's financial statement (Year 1), he should include in that paragraph the fact that he didn't perform any more audit procedures after he presented his review report for Year 1.
Answer:
true
Explanation:
The exchange rate is the rate at which one currency is exchanged for another currency
If interest rate is higher in a country compared to other countries, investors would be interested in investing in that country because they would earn a higher return for their investment.
As a result of the higher flow of funds into the economy with the higher interest rate, the demand for the country's currency increases. If the demand increases relative to supply, the value of that currency relative to other currencies increases and its exchange rate increases. this is what is referred to as currency appreciation
Answer:
2. False
Explanation:
The market for money is like the market for any other good: if demand is higher than supply, then, the price of money (the interest rate), will have to be lowered, so that money becomes cheaper and more abundant, and supply and demand become equal and reach equilibrium.
In this case, the centrla bank needs to lower the interest rates by buying bonds. When the central bank buys bonds, it prints more money that is put in the market, effectively increasing the supply of money, and lowering the interest rate in the meantime.
Answer:
195
Explanation:
FV/ (1 + r/m)^nm = pv
FV = Future value
P = Present value
R = interest rate
m = number of compounding
N = number of years
2500 / (1 + 0.0625/365)^365 x 4
2500 / (1.000171) = 2499.57
Answer:
the average of two middle numbers
Explanation:
the median is the number in the middle of an arranged from smallest to largest number of a set of numbers
when you have an even number of data there is no 1 number in the middle so you take the average of the 2 middle numbers
