Answer:
a) true
Explanation:
Internal control system is the whole system of control financial and otherwise established by management in order to carry on the business of the enterprise in an efficient and orderly manner and to secure the integrity of the records and books of accounts.
The internal control is a management control tools used to ensure efficiency in operations.
The answer that would best complete the given statement above would be the first option. <span>Emily, a college student, reads an article in Money magazine. The author has a degree in finance. The article is about getting a home equity loan. This information is RELIABLE AND RELEVANT. Finance relates not only how to manage money but also how to acquire needed funds. </span>
Answer:
a 26%
Explanation:
The computation of the annual rate of return on this investment is as follows:
Let us assume n be no of years
Now
The Annual rate of return is
= (Ending value ÷ beginning value)^1 ÷ n - 1
= ($8,000 ÷ $4000)^1 ÷ 3 - 1
= 0.2599
= 25.99 %
= 26%
hence, the annual rate of return is 26%
Therefore the correct option is a.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Normally it's C, good day
Answer:
7.75%
Explanation:
We are given the present and future value of the bonds, the payments, and the number of payments, but we must determine the discount rate. Since I like to use excel, I will prepare a payment a series of cash flows to determine the internal rate of return:
- initial cash flow = -1,128
- 37 cash flows = 88
- 38th cash flow = 1,088
using the IRR function:
=IRR(-1128,88 ... 37 times,1088) = 7.75%
In order for Bdj Co. to be able to sell their bonds at par value, they should offer a 7.75% coupon rate.
