Answer:
Current price of house = $222,000
Explanation:
given data
property that sold = $275,000
values decreasing at rate = $2,000 per week
Each bedroom = $30,000
a bathroom = $15,000
solution
we get here Price of 3 bedroom & 3 bathroom house (4 weeks ago) is
Price of 3 bedroom & 3 bathroom house (4 weeks ago) = $275,000 - $30,000 - $15,000
Price of 3 bedroom & 3 bathroom house (4 weeks ago) = $230000
and
reduction in price at $2000 per week for 4 weeks= 4 × 2000
reduction in price at $2000 per week for 4 weeks = ($8,000)
so
Current price of house = $230000 - $8,000
Current price of house = $222,000
Inflation is the situation in which the same amount of money is worth less- meaning that it will have less purchasing power (so one can buy less for 100 dollars now than 10 years ago) - the correct answer is "purchasing power". Lower purchasing power reduces the number of goods that people can afford.
Answer:
14%
Explanation:
Rate of return = Coupon + (Selling price - face value) / face value
Rate of return = $98 + ($1,020 - $980) / $ 980
= 0.14
= 14%
YTM = [C + (F - P) / n] ] / [(F + P) / 2 ]
Where:
- C = Coupon
- F = Face Value
- P = Selling Price
- n = Years to Maturity.
YTM = [$98 + ($980 - $1020) / 5] ] / [($980 + $1020) / 2 ]
= 0.09
= 9%
Thus, the yearly rate of return (14%) is higher than the coupon rate (10%), and the YTM (9%).
When an investor is protected by limited liability, the most they can lose if the company in which they have invested goes bankrupt is the amount that they first invested.
Hence, Investment completes the sentence "...limited liability is an investment. "
This is further explained below.
<h3>What is
the investment?</h3>
Generally, When an investor is protected by limited liability, the most they can lose if the company in which they have invested goes bankrupt is the amount that they first invested.
Limited liability is one in which a person's financial obligation is restricted to a certain amount.
This predetermined amount is often equal to the value of the human's stake in a corporation, or firm.
In conclusion, Investing is using money now in the hopes of earning a higher return in the future. The goal of every investment is to provide a return that is higher than the initial outlay of resources
Read more about investment
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Answer:
1.No,the Auditors should not be held liable for failing to discover the fraud.
2.The red flags in ZZZZ Best case are Account receivables,Current liabilities and Notes payables.
Explanation:
1. The auditors responsibility is to state if the financial statement prepared shows a true and fair view,and to vet compliance to statutory guidelines.They may detect fraud in the course of their audit,they can recommend but are not responsible to put control measures in place to prevent such. The management are responsible for the preparation of the financial statement and safeguarding of asset, consequently, liable for the content therein.
2. The sales were made on cash basis before the period in question,a major change in policy as such should have been well measured
