Answer:
Mark Johnson's investment would worth $ 13,223.95 at 8%,$ 12,338.93
at 5% and $ 11,784.66 at 3%
Explanation:
In calculating the worth of the investments at different rates of interest I adopted the future value approach as contained in the attached.
The law of supply<span> is a microeconomic </span>law which says<span> "...all other </span>factors<span> being equal, as the price of a good or service increases, the quantity of goods or services that suppliers offer </span>will<span> increase, and vice versa..."</span>
if you have a higher score you can get loans easy buy stuff and you will almost always qualify for the best interest rates
so the ANSWER:D
Answer:
The cash paid on June 24 is $8,754.25
Explanation:
The computation of the cash paid is shown below:
= (Merchandise purchase - returned goods) × ( 1 - discount rate)
= ($9,500 - $475) × ( 1 - 0.03%)
= $9,025 × 0.97
= $8,754.25
Since the company paid the amount within the discount period, so it can avail the discount benefit.
We deduct the discount rate from 1 as the percentage value is 100 so that accurate value can come.
Answer:
a. Compare the details of cash receipts with journal entries.
b. Prepare a bank transfer schedule.
c. Confirm the terms of borrowing with the lenders agreement.
d. Send request to confirm the entity's account receivable balance.
e. Inspect payroll data of employees and cross check with the transaction recorded.
f. Obtain cut off bank statement to reconcile the transaction.
g. Examine the selected repair order and physically examine the equipment whether repair work is don or not.
h. Examine the supporting documents for the invoice such as purchase order, goods received note and Purchase requisitions.
i. Inspect the payroll endorsements for similar handwriting.
Explanation:
Audit is mandatory for all the companies. The verified financial statements are considered as reliable because they are rechecked by the auditors and if any error or fraud is found it is immediately corrected and rectified. Audit is a critical process which involves objectivity and integrity of a person. The auditors must be independent and they should not have any familiarity with the business employees or owners.
