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Sophie [7]
3 years ago
15

what is an example of an activity that would be considered a management function for an sec audit client?

Business
1 answer:
sesenic [268]3 years ago
4 0

An example of an activity that would be considered a management function for a sec audit client is the designing of a proposal targets whereby SEC auditors are borrowing funds or issuing debt to accumulate working capital."

A management function generally involves making plans and goals about the direction of a firm.

A SEC has to deal with business operations relating to Security and Exchange Commission.

Thus, in this case, it is concluded that an example of a management function of an SEC client in the audit must relate to designing a plan that relates to SEC and the auditing process.

Learn more here: brainly.com/question/24678450

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Apple Inc. just paid a dividend of $3 per share. You expect that Apple's dividend will increase at the rate of 10% per year for
STALIN [3.7K]

Answer:

The price of Apple just after the current dividend was paid is $26.79.

Explanation:

Note: See the attached file for the calculation of present values for year 1 to 10 dividends.

From the attached excel file, we have:

Previous year dividend in year 1 = Dividend just paid = $3

Total of dividends from year 1 to year 10 = $19.17617169980840

Year 10 dividend = $7.781227380

Therefore, we have:

Year 11 dividend = Year 10 dividend * (100% + Perpetual dividend growth rate) = $7.781227380 * (100% + 3%) = $8.0146642014

Price at year 10 = Year 11 dividend / (Rate of return - Perpetual dividend growth rate) = $8.0146642014 / (20% - 3%) = $47.1450835376471

PV of price at year 10 = Price at year 10 / (100% + Required return)^Number of years = $47.1450835376471 / (100% + 20%)^10 = $7.61419419713817

Price of Apple = Total of dividends from year 1 to year 8 + PV of price at year 10 = $19.17617169980840 + $7.61419419713817 = $26.79

Download xlsx
7 0
3 years ago
payment history and total debt, together, comprise of 65% of your score. why do you think it’s so high?
Otrada [13]

<u>Solution and Explanation:</u>

Most money related specialists characterize a terrible FICO rating as anything beneath a 600, however, every loan specialist has its own principles while checking on applications. The normal American has a FICO assessment of 687, which helps put the range into viewpoint.  

In the event that you have poor credit, you've presumably had a blend of negative things on your credit report, as missed installments, misconducts, or possibly a chapter 11 or dispossession. You can generally demand a free credit report to make sense of what precisely is keeping your score so low. Truth be told, we prescribe checking your credit report each year.  

Government law permits you access to a free duplicate of every one of your three reports like clockwork, so there's no explanation not to exploit this advantage.

6 0
4 years ago
Maria sees a leather coat in a department store and purchases it immediately even though it is expensive. Before purchasing, she
igomit [66]

Answer:

cognitive dissonance

Explanation:

Cognitive dissonance occurs when an individual pursues more than one contradictory value, idea, or belief. This leads to stress as the person is form between multiple choices.

For example a HR manager is responsible for staff welfare and also owes allegiance to the management. If management is carrying out a policy that has adverse effect on staff the HRanager will be torn between conflicting beliefs.

In this case although Maria purchased the coat at higher price she experiences tension because she would have purchased it at lower price somewhere else.

3 0
3 years ago
During 2018 Belair Company was encountering financial difficulties and seemed likely to default on a $600,000, 10%, four-year no
sdas [7]

Answer:

gain from the debt restructuring = $160,000

Explanation:

given data

principal = $600,000

rate = 10%

settlement = $500,000

to find out

gain from the debt restructuring in  income statement

solution

we get here owed a total that is

owed a total = Principal + Unpaid interest    ...............1

put here value

owed a total = $600,000 + $60,000

owed a total = $660,000

and

gain from the debt restructuring is here as

gain from the debt restructuring = owed a total - settled   .......2

gain from the debt restructuring = $660,000 - $500,000

gain from the debt restructuring = $160,000

5 0
3 years ago
The president believes that a $6,200 increase in the monthly advertising budget, combined with an intensified effort by the sale
nirvana33 [79]

<u>Solution and Explanation:</u>

calculating the increase in the net operating income is as follows:

S.no                    Particulars and explanation                    Amount

1.                    Sales ( $268000 + 84000 )                         352000

2. Contribution ( 1 multiply with 40 percent)                      140000

3. Fied expense ( $119200 plus $6200 )                         125400

4. Net operating income ( 2 step minus 3 step)                $14600

therefore, net operating income increased by $ 14600 plus $12000

Note: the sales were not given, so i have taken or assumed. Please change the figure if there is different figure of sales in the question given.

3 0
3 years ago
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