Under nasaa recordkeeping rules for investment advisers, any advertisement, circular or other communication: ____________.i) must be retained if it is circulated to 2 or more persons ii) must be retained if it is circulated to 5 or more persons iii) cannot recommend the purchase or sale of a specific security iv) can recommend the purchase or sale of a specific security and if it does not state the reasons for the recommendation, a memo must be retained indicating the reasons for the recommendation
Answers
Under NASA record keeping rules for investment advisers, any advertisement, circular or other communication: it is circulated to 2 or more people, and must be kept for a minimum of 5 years.
What is NASA?
NASA is an agency of the U.S. federal government. NASA conducts space researches and do developments in the field of space and aeronautics.
Thus, the correct option is i) must be retained if it is circulated to 2 or more persons.
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Compounding frequency and time value Personal Finance Problem You plan to invest $1,900 in an individual retirement arrangement (IRA) today at a nominal annual rate of 7%, which is expected to apply to all future years. a. How much vwill you have in the account at the end of 9 years if interest is compounded (1) annually, (2) semiannually, (3) daily (assume a 365-day year), and (4) continuously? b. What is the effective annual rate, EAR, for each compounding period in part a? c. How much greater will your IRA balance be at the end of 9 years if interest is compounded continuously rather than annually? d. How does the compounding frequency affect the future value and effective annual rate for a given deposit? Explain in terms of your findings in parts a through c.
Answers
The annual compounding is calculated as $ 3493.07. The calculations are given as follows:
Amount = Principal (1+r)n
where r is the interest rate per period & "n" is no.of periods
Amount, if int compounded annually:
Amount = $ 1900 (1+0.07)9
= $ 1900(1.07)9
= $ 1900*1.8385
= $ 3493.07
Amount, if int compounded semi-annually:
Amount = Principal (1+r)n
= $1900(1+0.035)18
= $1900(1.035)18
= $1900*1.8575
= $3529.23
Amount, if int compounded Daily:
Amount = Principal (1+r)n
= $1900(1+0.000192)3285
=$1900*1.8775
= $ 3567.25
Amount, if int compounded continuously:
Amount = Principal* ert
= $1900*e0.07*9
= $1900*e0.63
= $1900*1.8776
= $3567.46
2. Computation of Effective rate:
Compounding Particulars Formula Annually Semi Annually Daily Continously alculation(1+0.07)1-1(1+0.035)A2-1(1+0.000192) 365-1
Due to rounding off diff, we are having daily compounding effective int rate is more than continuous compounding effective int rate.
3. Excess amount in continuous compounding rather than Annual compounding:
Amount in continuous compounding = $ 3567.46
Amount in annual compounding = $ 3493.07
Difference = $74.39
4. If compounding frequency increases, interest will be calculated on principal & interest more frequently.
Thus it will be calculated on the accumulated amount results into int on int and leads to a higher amount in case of multiple compoundings.
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Quote two activities of the purchasing function from the case study of MPUMI BOTTLE MANUFACTURE
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Quote of two activities of the purchasing function from the case study of MPUMI BOTTLE MANUFACTURE are:
Raheem Trading ensures that there is enough stock available for continuous production, Place orders with suppliers and follow up on them.buy material and equipment for manufacturing bottles. What are activities of the purchasing function?Purchasing is often in charge of making supplier selections, contract negotiations and administration, performance monitoring, ordering from suppliers, building a responsive supplier base, and upholding excellent supplier relations.
A team in charge of acquiring goods and services for resale or corporate usage is led by a purchasing manager, sometimes known as a purchasing director or supply manager. They look for the highest quality product at the most affordable price. They examine product quality, negotiate contracts, and assess suppliers.
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check the paragraphs here
MPUM BOTTLE MANUFACTURERSTABM)
Mpumi Bottle Manufacturers is a large business well known for supplying quality plastic
bottles, is the most customer-centric company, that build a place where people can come
find any bottle. The financial manager borrowed money from Blue bank at a high-interest
rate to buy material and equipment for manufacturing bottles. MBM has recently appointed
two experienced employees who are responsible for branding the bottles
The demand for branded bottles increased in other provinces they opened another branch
in North West Province. Raheem Trading opened a similar business that offers the same
services at a lower price,
Gail, the director shares the understating of how things are done in the business to
accomplish the business mission Raheem Trading's board of directors strongly believes in
good leadership and management for the success of the business.
Bennie the purchasing manager, at Raheem Trading ensures that there is enough stock
available for continuous production, Place orders with suppliers and follow up on them.
The credit department supervisor educates consumers on making the right choices when
they apply for credit
why are medical related professions and human resources important?
Answers
Answer:
because sometimes they help us to get some medicine which can be used to cure a particular disease
Okay, how many weeks would you have to work to pay for Gary’s $1200 mistake?
Answers
Answer:
i thinks its 1 year huhuhuh
Firefighter applicants must take three tests: a written test, an aptitude test, and a grueling physical fitness test.
o true
o false
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The statement is true because firefighter applicants are required to take all three tests: a written test to assess their knowledge of fire science and general knowledge, an aptitude test to measure their ability to perform firefighting tasks, and a physical fitness test to evaluate their strength, agility, and endurance.
These tests are designed to ensure that candidates possess the necessary skills and physical abilities to perform the demanding duties of a firefighter, which can include carrying heavy equipment, climbing ladders, and entering burning buildings to rescue people and extinguish fires.
The physical fitness test, in particular, is often a grueling obstacle course that includes running, climbing, dragging heavy weights, and simulating firefighting activities. Overall, these tests are essential to selecting the best candidates for the job and ensuring public safety.
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What is cold calling?
A. Calling people who have not shown interest in the product and asking them to buy it
B. Performing customer profile surveys over the telephone
C. Calling competitors and pretending to be a potential customer
D. Asking past customers whether they are satisfied with the product
Answers
Answer:
Explanation:
It's A and it is very hard to do. You are talking to someone whom you don't know and interrupting their day when they might be expecting someone important to them to be calling.
The others might be describing something, but it is not cold calling.
D is a survey
C is potentially a hazard. If the competitor ever finds it out, you can be in a pile of trouble.
B might be a cold call. It might be the reason for making a cold call, but you have to define the term more generally.
Which of the following statements is most true of order-getting salespeople?
A They seek out possible buyers and use an organized, creative
approach to present messages.
B. They call on buyers further down the marketing channel than their
company's own customers.
C. They focus on completing sales accurately and courteously.
D. Their role is a less expensive kind of selling than order taking.
Answers
Answer:they seek out possible buyers and sue an organized creative approach to present messages
Explanation:
The following statements are most true of order-getting sales people They seek out possible buyers and use an organized, creative. Thus option (A) is correct.
What is Sales?
A sale is an agreement between a buyer and a seller in which the seller exchanges money for the sale of tangible or intangible products, assets, or services. There are two or more parties involved in a sale. A sale, or a contract between two or more parties, such as the buyer and seller, can be thought of in larger terms.
The following statements are most true of order-getting salespeople They seek out possible buyers and use an organized, creative.
Therefore, Thus option (A) is correct.
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Able orally agreed to pay Carr $800 to restore Able's antique car within 18 months, even though it was possible for him to complete the restoration in 10 months. The agreement is: a. unenforceable, because it covers services with a value in excess of $500. b. unenforceable, because it covers a time period in excess of one year. c. enforceable, because personal service contracts are exempt from the Statute of Frauds. d. enforceable, because the work could be completed within one year.
Answers
Answer:
Enforceable because the work could be completed within one year.
Explanation:
An enforceable contract is a contract between two parties that is legally binding.
Carr could complete the restoration of the car in 10 months but Able paid Carr $800 to restore Able's antique car within 18 months.
The agreement is enforceable because the work could be completed within one year.
Option d. is correct.
on march 1, the sfg corp bought 400 hats at $10 each. 2. on march 10, the sfg corp bought 600 hats at $12 each. 3. on march 15, the sfg corp bought 400 hats at $15 each 4. on march 20, the sfg corp bought 600 hats at $16 each. 5. on march 31, the sfg corp counted 500 hats remaining in inventory 6. assume that each hat that was sold, was sold for $40 each 47)compute the cost of goods sold using fifo
Answers
The cost of goods sold using FIFO is $10,600. First in, first out (FIFO) is an inventory management strategy that bases sales on first-in, first-out (FIFO) purchasing.
The FIFO (First-In, First-Out) method assumes that the first items purchased are the first ones sold. To compute the cost of goods sold using FIFO, we need to calculate the cost of the hats sold based on the order of their purchase.
1. Calculate the cost of the hats purchased on March 1: 400 hats * $10 = $4,000.
2. Calculate the cost of the hats purchased on March 10: 600 hats * $12 = $7,200.
3. Calculate the cost of the hats purchased on March 15: 400 hats * $15 = $6,000.
4. Calculate the cost of the hats purchased on March 20: 600 hats * $16 = $9,600.
To determine the cost of goods sold, we need to consider the order in which the hats were sold:
- First, use the hats purchased on March 1 until they are depleted. This totals $4,000.
- Next, use the hats purchased on March 10 until they are depleted. This totals $6,000 ($7,200 - $1,200).
- Finally, use a portion of the hats purchased on March 15 until the total number of hats sold reaches 500. This totals $600 ($1,200 * 500 / 400).
Add up these three amounts to get the cost of goods sold using FIFO: $4,000 + $6,000 + $600 = $10,600.
Therefore, the cost of goods sold using FIFO is $10,600.
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What is costumer sovereignty?
Answers
Answer:
It's the ability of the consumer to be able to control the supply and demand and prices of products through their actions
Explanation:
because that Is the actual definition
compares the amount of net income earned for common stockholders to the average amount og common stockholders equity
Answers
Return on Equity (ROE) compares the amount of net income earned for common stockholders to the average amount og common stockholders equity.
Return on Equity (ROE) is a metric that expresses a company's annual return (net income) as a percentage (e.g., 12%) of the total value of its shareholders' equity. Alternatively, ROE can be calculated by dividing the company's dividend growth rate by its profits retention rate (1 – dividend payout ratio). Because it integrates the income statement and the balance sheet, where net income or profit is compared to shareholders' equity, return on equity is a two-part ratio in its derivation. The figure displays the firm's capacity to convert equity investments into profits and represents the total return on equity capital. In other words, it calculates the amount of profits generated from each dollar of shareholders' equity.
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A young man is badly injurged when his cell phone battery catches fire. Whattype of insurance should the manufacturer of the cell phone have to cover such an event?
Answers
Answer:
product liability insurance
Explanation:
In this specific situation, the type of insurance that the manufacturer needs to have had is called product liability insurance. This insurance would cover any and all expenses of injuries caused by a specific product that the victim has purchased from you. Which in this case would cover the fire injuries caused by the cell phone that you the manufacturer sold the young man that was injured.
Answer: Product liability insurance
Explanation:
Which statement best explains why interest rates are impprtant when saving money? A lower interest rate allows someone's debt to grow more quickly The higher the interest rate the more cost to save money in a bank The higher the interest rate helps someone's money grow larger over time The lower the interest rate, the less it costs tk save money in a bank
Answers
Answer:
The higher the interest rate helps someone's money grow larger over time
Explanation:
Interest rate is the percentage earned by depositors on their deposit. For example, if a person save $200. If the interest rate is 10%, the person earns $20 on her deposit.
The higher the interest rate, the higher the growth in deposit.
For example if a bank offers a compound interest of 10% on deposit and another bank offers a compound interest of 20% on deposit. If $200 is deposited, after 3 years, the total amount that would be had in each bank is
$200 x (1.1)^3 = $266.20
$200 x (1.2)^3 = $345.60
It can be seen that the amount after 3 years is higher at the bank with the higher interest rate
According to the video, the work of Heating and Air Conditioning Mechanics and Installers combines the skills of which workers? Check all that apply. Pump Operators Plumbers Electricians Refrigeration Specialists Power Plant Technicians Hydroelectric Production Managers
Answers
Answer:
B,C,D
Explanation:
Plumbers
Electricians
Refrigeration Specialists
In business terms, what does I.T. stand for?
A. Insurance Trading
B. Independent Theory
C. Item Trading
D. Information Technology
Answers
when designing in-store signage, retailers often develop yellow signs and shelf tags with bold lettering to catch consumers’ attention. the use of visuals in this manner represents the ________ component of the communication process.
Answers
When designing in-store signage, retailers often develop yellow signs and shelf tags with bold lettering to catch consumers' attention. The use of visuals in this manner represents the "encoding" component of the communication process.
Here is a step-by-step explanation of the communication process in this context:
1. Sender: The retailer, who wants to convey a message to the consumers.
2. Encoding: The retailer designs yellow signs and shelf tags with bold lettering as a visual representation of the message.
3. Message: The visual sign or shelf tag itself.
4. Channel: The in-store environment where the sign is displayed.
5. Decoding: The consumer interprets the visual sign or shelf tag.
6. Receiver: The consumer, who understands the message.
7. Feedback: The consumer's response or reaction to the message, which could be purchasing the product or ignoring the sign.
By using attention-catching visuals, retailers effectively encode their message, increasing the chances of it being noticed and understood by the consumers.
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Discuss the role of the father in attachment theory
Answers
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
The system of accounts that records a nation's international financial transactions is most accurately called its?
Answers
The system of accounts that records a nation's international financial transactions is most accurately called its balance of payments.
The balance of payments is a record of all the economic transactions between residents of a country and the rest of the world over a specific period. It includes both the current account, which measures the flow of goods, services, and income, and the capital account, which measures the flow of financial assets. The balance of payments provides valuable information about a country's economic relationships with other nations and is an important tool for policymakers and analysts to understand a nation's economic health.
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How do Karissa and Marta differ in their reactions to the increase in the minimum wage?
Answers
The way that Karissa and Marta differ in their reactions to the increase in the minimum wage is that Karissa is happy to be able to save some money while Marta worries about either increasing her prices, or reducing her employees to meet the minimum wage.
How do employers and employees react to minimum wage increase?Employees like Karissa are generally happy when there is an increase in the minimum wage because it means that they get access to more money for both spending and saving. In Karissa's case, she is happy that she will be able to have more of an earning to be able to save some more money.
Employers on the other hand, are generally conflicted about increases in the minimum wage. It means that they have to make a choice; they can either increase their prices to be able to make more money and pay the new minimum wage, or they would have to let some employees go and then use the savings on the laid - off employees to pay the new minimum wage. This is what Marta is suffering.
Full question:
Read the case study on Karissa and Martha and their thoughts on the increase in the minimum wage. Karissa is an employee while Martha is her employer.
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Given is the Total Time, Non-Value Added (NVA) Time and Essential Non-Value Added (ENVA) Time. Calculate the Process Cycle Efficiency NVA Time = 250 seconds ENVA Time = 399 seconds Total Time = 999 seconds 40% 25% 65% 35%
Answers
The Total Time, Non-Value Added (NVA) Time, and Essential Non-Value Added (ENVA) Time. the Process Cycle Efficiency is 35%. NVA Time = 250 seconds ENVA Time = 399 seconds Total Time = 999 seconds. So the answer is 35%.
Process Cycle Efficiency (PCE) is a metric used to calculate the efficiency of a process. It can be calculated by dividing the value-added time by the total time and multiplying it by 100.
The formula for PCE is:PCE = (Value-added time / Total time) x 100Here, we are given the Non-Value Added (NVA) Time and Essential Non-Value Added (ENVA) Time and the Total Time.
We can calculate the Value-Added Time by subtracting the NVA Time and ENVA Time from the Total Time.
Value-added time = Total time - NVA Time - ENVA Time= 999 - 250 - 399= 350 seconds now that we have the Value-Added Time,
we can calculate the Process Cycle Efficiency (PCE) using the formula:
PCE = (Value-added time / Total time) x 100= (350 / 999) x 100= 35%
Therefore, the Process Cycle Efficiency is 35%. So the answer is: 35%
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two purposes of an advertisement
Answers
An advertisement can also help to build and develop a brand image which is distinctive and unique compared to others.
What are the goals of government regulation?
low unemployment, price stability,
economic growth
O high unemployment, price instability,
economic growth
low unemployment, price stability,
economic steadiness
O high unemployment, price instability,
economic steadiness
Answers
Answer: A) low unemployment, price stability, economic growth
Explanation: Government regulation attempts to promote growth, full employment, and price stability for the well-being of the citizens
The goals of an ideal government while making regulations shall include the following purposes,
low unemployment, price stability,economic growth.Therefore, the option A holds true.
What is the significance of government goals?The goals of a government can be referred to or considered as the qualitative and quantitative targets set by the government in order to foresee better conditions in the future. These are backed by economic plans and regulations.
For a developing or a developed government, the goals must be economically based while being regulated. These goals must include reduced poverty and unemployment in order to achieve a healthy economic growth.
Therefore, the option A holds true and states regarding the significance of the goals of a government.
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A company has net credit sales phone $95,000 being neck out receivables of $23,000 and ending net accounts receivables of $15,000 calculator day sales in receivables
Answers
it takes approximately 73 days for the company to collect its receivables.
To calculate the days sales in receivables, we need to use the following formula:
Days Sales in Receivables = (Average Accounts Receivable) / (Net Credit Sales / 365 days)
First, we need to find the average accounts receivable. We have the beginning net accounts receivable ($23,000) and the ending net accounts receivable ($15,000). To find the average, we add these two values and divide by 2:
Average Accounts Receivable = ($23,000 + $15,000) / 2 = $38,000 / 2 = $19,000
Next, we need to divide the net credit sales ($95,000) by 365 days:
Daily Net Credit Sales = $95,000 / 365 days = $260.27
Now we can use the formula to calculate the days sales in receivables:
Days Sales in Receivables = $19,000 / $260.27 ≈ 73 days
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Bushra Co. replaced a $1,000 account payable balance to Elin Co. with a 120-day, $1,000 note bearing 8% annual interest. Bushra's entry to record this transaction would include a credit to which account
Answers
Bushra Co.'s entry to record this transaction, replacing a $1,000 account payable balance to Elin Co. with a 120-day, $1,000 note bearing 8% annual interest, would include a credit to 8%, 120-day Note Payable in the sum of $1,000.
What is the correct journal entry to open a liability account?To open a liability account, such as the 8%, 120-day Note Payable, is to debit the account that receives the value and credit the liability account.
In this instance, the earlier Accounts Payable account will be debited with $1,000, while the new Note Payable account will be credited with $1,000.
Thus, Bushra's entry to record the transaction would include a credit to 8%, 120-day Note Payable.
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Answer:notes payable
Explanation:
What's the difference between a checking account and a savings account?
A. A checking account has fewer fees.
B. A savings account comes with a debit card.
C. A savings account earns interest.
D. A checking account comes with a credit card.
Answers
Answer:
D. A checking account comes with a credit card.
Explanation:
A checking account is opened to facilitate regular bank transactions such as deposits, withdraws, cash transfers, payments, among others. There are no limits to the number of transactions that one can perform per period. Bank's fee and charges are applicable per transaction. To facilitate payments, withdrawals, and deposits, banks provide debit cards to customers.
Savings accounts are designed to help customers accumulate funds for future use. Banks limit withdrawals and offer interest payments to encourage customers to save. Savings accounts have fewer charges and don't come with debit cards.
In this activity, you will draft your own cover letter You do not need to have a specific person or employer to address the letter right now. After you draft and save a template, you will be able to revise and customize the cover letter to meet your needs in the future. The activity worksheet is a basic template to guide your writing. A rubric is also included on the worksheet to help you review your letter. You might ask your pod leader or another
significant adult in your life to review your cover letter, too.
Answers
A cover letter is a one-page document that you include with your resume or CV when applying for a job. Its objective is to introduce you and provide a brief summary of your professional history. Your cover letter should be between 250 and 400 words long on average.
What exactly is a cover letter?A cover letter typically consists of three paragraphs that explain why you are applying for a particular position, provide a brief summary of your professional history, and highlight your unique qualifications for the position. Some employers require applicants to submit a cover letter, while others make it optional.
In a cover letter, how should one introduce themselves?Yes, your cover letter should introduce you. Include your name, the position you're applying for, and how you found it in your introduction. For instance: I'm Henry Applicant and I'm applying for the open position of Account Manager on LinkedIn.
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.N. 2 Cash & banking transitions are given. poush -1 Opening cash balance of cash & bank 80,000 € 20000 respe- ctively. Poush S Cash deposited into bark R. 20,000. Poush-22 • Paid to Ram Rs. $2000 through cheque with full settlem. ent of Rs. 35000 Poush - 24 Received cheque of Rs. 19000 & cash of Rs. 2000 for selling Machine. Required: Tirpple column cash book
Answers
The Triple column cash book for the above Cash & banking transactions are attached accordingly.
What is the explanation for the above response?Note: In the cash column, amounts received are recorded on the debit side, and amounts paid are recorded on the credit side.
In the bank column, deposits are recorded on the credit side, and withdrawals are recorded on the debit side. The balance column shows the running balance of cash and bank.
A triple-column cash book is a cash book with three columns for discounts received and paid, cash transactions, and bank transactions known as a three-column cash book. Compared to the traditional two-column cash book, the extra column is utilized for the recording of cash discounts.
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Innovations on areas that involve complex, sustained effort and/or self-improvement are prone to bias. Four types of those biases have been identified. One of those is Dunning-Kruger effect, which is:
A tendency to not be able to recognise own level of incompetence/ignorance
A tendency to overestimate that objects will enable positive outcomes/prevent negative outcomes
A tendency to respond based on social expectation
A tendency to consider self as "self" or above average in reaping benefits
Answers
Innovations on areas that involve complex, sustained effort and/or self-improvement are prone to bias, and four types of those biases have been identified. One of those biases is the Dunning-Kruger effect, which is the tendency to consider oneself as "self" or above average in reaping benefits.
The Dunning-Kruger effect is indeed a cognitive bias that refers to the tendency for individuals to overestimate their own abilities or knowledge in a particular domain. It is named after psychologists David Dunning and Justin Kruger, who first described the effect in a seminal paper published in 1999.The Dunning-Kruger effect is often characterized by individuals with low ability or knowledge in a given area mistakenly perceiving themselves as highly competent. Conversely, those who possess a high level of competence may underestimate their abilities relative to others. In other words, people who lack expertise in a particular subject often overestimate their competence, while those who are more knowledgeable tend to underestimate their own competence.This bias is particularly prevalent in areas that involve complex, sustained effort, or self-improvement because it can impact the perception of progress and skill development. For example, someone who is just beginning to learn a new skill might overestimate their proficiency and believe they have mastered it, when in reality, they have only scratched the surface of what there is to learn. On the other hand, individuals who have spent years honing their expertise may downplay their abilities due to the awareness of the vast amount of knowledge and skills they have yet to acquire.For such more question on Dunning-Kruger effect
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Consider the following possible misstatements and internal controls associated with the purchasing process.
Possible Misstatements
1. Purchases may be made from fictitious or unauthorized vendors.
2. Products may be received without generating a receiving report.
3. Purchases may be recorded in an incorrect account.
4. Goods may not have been ordered.
5. Purchases may be posted to the wrong vendor.
6. Purchases may be recorded in the incorrect time period.
7. Purchases may be recorded at an incorrect amount.
8. Purchases may not be recorded.
Required
For each control listed below, identify the possible misstatement the control is designed to prevent, or detect and correct. Put one number in the box corresponding to the list above for the possible misstatement.
Controls
A. Software compares the recording date on vouchers with the date on the underlying receiving report.
B. Software compares the general ledger coding on the voucher with the general ledger coding on the purchase order. C. Software matching receiving reports with vouchers on a one-for-one basis. Once a receiving report has been matched with a voucher, it cannot be matched with a different voucher D. Only a limited number of individuals can change the vendor master file, and these duties are segregated from purchasing and from receiving and recording goods. E. Software identifies all unfilled purchase orders for follow-up by the ordering department. F. Software matches the vendor number on the voucher with the vendor number on the purchase order. G. Software matches the items and quantities on a voucher with items and quantities on a receiving report. H. Software matches all goods received to an approved purchase order.
Answers
A. Possible misstatement: Purchases may be recorded in the incorrect time period (6).
B. Possible misstatement: Purchases may be recorded in an incorrect account (3).
According to accounting and auditing, internal control is a process used to make sure that an organization's goals for operational effectiveness and efficiency, accurate financial reporting, and adherence to laws, rules, and policies are met.
C. Possible misstatement: Products may be received without generating a receiving report (2).
D. Possible misstatement: Purchases may be made from fictitious or unauthorized vendors (1).
E. Possible misstatement: Goods may not have been ordered (4).
F. Possible misstatement: Purchases may be posted to the wrong vendor (5).
G. Possible misstatement: Purchases may be recorded at an incorrect amount (7).
H. Possible misstatement: Purchases may not be recorded (8).
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Last year, lagunes outdoor issued $1 million in unsecured, noncallable debt. this debt pays an annual interest payment of $55 and matures six years from now. the face value is $1,000 and the market price is $1,020. which one of these terms correctly describes a feature of this debt?
Answers
The feature of this debt that is correctly described by the given information is that it is trading at a premium.The face value of the debt is $1,000, which is the amount that will be paid back to the lender at maturity.
The fact that the market price is $1,020 means that investors are willing to pay more than the face value of the debt to acquire it. This premium is likely due to the fact that the annual interest payment of $55 represents a higher yield than other comparable investments available in the market.The fact that the debt is unsecured and noncallable means that it is not backed by any collateral and cannot be called back by the issuer prior to maturity. These are also important features of the debt, but they are not specifically indicated by the given information.
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