Every organization has its own rules. The statement that best describes the Federal Deposit Insurance Corporation's is that The FDIC has issued policy statements that address auditor independence in various contexts.
Independence in auditing needs integrity and an objective way in all audit process. It also requires the auditor to perform his or her task freely and in a focused way.
The Independence of the internal auditor is simply known as the freedom from parties or people whose interests can be harmed by the outcomes of an audit.
See full question below
Which statement best describes an element of the Federal Deposit Insurance Corporation's (FDIC) requirements for auditor independence?
FDIC independence requirements incorporate requirements for attorneys and actuaries.
FDIC independence requirements mirror the AICPA and DOL independence rules.
The FDIC has issued policy statements that address auditor independence in various contexts.
The FDIC has adopted regulations that incorporate IESBA independence rules.
Previous question
a printed order for payment of a specified sum,facilitaded by the bank ir post office
The issue of the enforceability of covenants not to compete is typically a matter of state common law (so enforceability varies state-by-state based on case-by-case court decisions). In general, for a covenant not to compete to be enforceable, the restraints (time restrictions, territory restrictions, scope of activity restrictions) must protect a legitimate business purpose, must not impose an undue burden on the employee, and must be otherwise reasonable.
Required:
Do you believe that the restraints in this covenant not to compete ("Restrictive Covenant") should be enforceable? Why or why not? Explain
Answer:
The issue of the enforceability of covenants not to compete is typically a matter of state common law (so enforceability varies state-by-state based on case-by-case court decisions). In general, for a covenant not to compete to be enforceable, the restraints (time restrictions, territory restrictions, scope of activity restrictions) must ...
Do you believe that the restraints in this covenant not to compete ("Restrictive Covenant") should be enforceable? Why or why not? Explain
Explanation:
If the lowest-paid employee earned $15,000 a year, what would the maximum salary be for the highest-paid manager under the 7-to-1 rule?
Under the 7-to-1 rule, the maximum salary that would be paid to the highest-paid manager is $105,000.
Data and Calculations:
Lowest-paid employee's annual earnings =$15,000
Maximum-Minimum Salary Rule = 7-to-1
The maximum salary paid to the highest-paid manager = $105,000 ($15,000 x 7).
Thus, the maximum salary paid to the highest-paid manager under the company's 7-to-1 rule is $105,000.
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What are the portfolio weights for a portfolio that has 145 shares of Stock A that sell for $47 per share and 200 shares of Stock B that sell for $21 per share
Based on the information given the portfolio weights for a portfolio are:
Stock A 0.6187; Stock B 0.3815.
First step
Shares Price per share Total value
Stock A 145 $47 6,815
Stock B 200 $21 4,200
Total 11,015
Second step
Portfolio weights
Stock A [ 6,815 / 11,015 ] 0.6187
Stock B [ 4,200 / 11,015 ] 0.3813
Inconclusion the portfolio weights for a portfolio are: Stock A 0.6187; Stock B 0.3815.
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York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends
Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.)
This question is incomplete and the complete question is as follows:
York’s outstanding stock consists of 80,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends:
2016 total cash dividends = $20,000
2018 total cash dividends = $200,000
2017 total cash dividends = $28,000
2019 total cash dividends = $350,000
Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Round your "Dividend per Preferred Share" answer to 3 decimal places.)
To answer the question, Preferred and Common stocks are first described.
Preferred stocks are stock shares that pay dividends to holders before common stock dividends are paid.
Cumulative preferred stock is a type of preference stock with a clause that requires a corporation to pay all dividends to cumulative preferred shareholders, including those that were missed before.
Common stocks are stock shares that pay dividends to holders after preferred stock dividends have been paid.
The attached photo contains the calculations of the answers.
From the attached photo, we have:
Dividend per preferred share = $0.375
Amount of dividends paid preferred shares in 2016 = $20,000
Amount of dividends paid preferred shares in 2017 = $28,000
Amount of dividends paid preferred shares in 2018 = $42,000
Amount of dividends paid preferred shares in 2019 = $30,000
In addition, from the attached photo, we have:
Amount of dividends paid to Common shares in 2016 = $0
Amount of dividends paid to Common shares in 2017 = $0
Amount of dividends paid to Common shares in 2018 = $158,000
Amount of dividends paid to Common shares in 2019 = $320,000
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The board of directors at Blaine Glassworks want their company's products to be of higher quality than the products of other companies in the market, and think that they are hitting this target. However, a recent survey found that customers rate the company's products as below average due to the inferior process design specifications in the company. This is an example of _____ in the GAP model.
When the survey found that customers rate the company's products as below average, this is an example of Gap 2 in the GAP model.
The Gaps model are used in the Service Delivery Process.
The Gaps model helps to understand customer satisfaction. The Gap model are divided in GAP 1, GAP 2, GAP 3, GAP 4 and GAP 5.The Gap 2 is one that deal with difference between the actual specification and management perception.Hence, when the survey found that customers rate the company's products as below average, this is an example of Gap 2 in the GAP model.
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is sole trader or partnership better?
Answer:
There are benefits associated with running a partnership, both when compared to a sole trader and a limited company: Shared responsibility. Having more business owners allows the financial and operational responsibility for running the business to be sharedExplanation: The benefit of a partnership over a sole proprietorship is that you'll share the responsibilities, resources, and losses. On the other hand, you also split your profits, and you might face disagreements over how to run the business. One way to mitigate conflict is to create a partnership agreement.
Businesses that offer repayment plans for purchases are required by law to disclose the interest rate. But that doesn't mean they go out of their way to let you
know what it is. You have to read all the paperwork. Find the interest rate for the following purchase.
To finance a new laptop, Emile is offered a 4 year payment plan with low monthly payments of $31.40. The cost of the laptop was $884.45 including tax, Round
to one decimal place, if necessary.
The interest rate is %
Answer:
You have to read all the paperwork. Find the interest rate for the following purchase. To finance a new laptop, Emilie is offered a 4 year payment plan with low monthly payments of $34.40. The cost of the laptop was $884.15 including tax. Round to one decimal place, if necessary. The interest rate is
A machine costing $185,000 with a 5-year life and $20,000 residual value was purchased January 2. Compute depreciation for each of the five years, using the double-declining-balance method.
The computation of the depreciation for each of the five years under the Double-declining-balance method is as follows:
Year Depreciation Expense
Year 1 $74,000 ($185,000 x 40%)
Year 2 $44,400 ($111,000 x 40%)
Year 3 $26,640 ($66,600 x 40%)
Year 4 $15,984 ($39,960 x 40%)
Year 5 $3,976 ($23,976 - $20,000)
Data and Calculations:
Cost of Equipment = $185,000
Residual value = $20,000
Depreciable amount = $165,000 ($185,000 - $20,000)
Estimated useful life = 5 years
Depreciation rate = 40% (100/5 x 2)
Depreciation for the five years:
Year 1 = $74,000 ($185,000 x 40%)
Reduced balance = $111,000 ($185,000 - $74,000)
Year 2 = $44,400 ($111,000 x 40%)
Reduced balance = $66,600 ($111,000 - $44,400)
Year 3 = $26,640 ($66,600 x 40%)
Reduced balance = $39,960 ($66,600 - $26,640)
Year 4 = $15,984 ($39,960 x 40%)
Reduced balance = $23,976 ($39,960 - $15,984)
Year 5 = $3,976 ($23,976 - $20,000)
Thus, the accumulated depreciation at the end of year 5 is $165,000.
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Mega Corporation repurchased 1,000 shares of its $1 par value common stock for $8,000. The effect of this transaction on the accounting equation includes a(n) ______. (Check all that apply.) Multiple select question. decrease in assets increase in assets increase in liabilities decrease in stockholders' equity increase in stockholders' equity decrease in liabilities
Answer:
Decrease in assets
Decrease in stockholder’s equity
Question I (30 marks)
Salma started Bag Zone in Riverside with the goal of providing good quality
handbags. Unique designs and utilizing uncommon materials for the making of the
handbags is her competitive advantage, and completed can be wholesaled
to fashion retailers or placed on consignment in local retail shops. Additionally, the
handbags can also be sold directly to consumers by displaying the prcxlucts at fashion
or craft shows or selling them online. Business has been brisk and she has established
a sizeable client base over the last five years. She thinks that it could be the time to
spend in an information system to record details about the sales, payroll process and
offer more details about the inventory
Salma believes that it will be possible to modernize some of the business process for
reducing the amount of time, which it is taking for data processing. She wants to
up four further stores throughout the next three years. Systems used should be capable
of supporting these developments
Currently, Salma finds that no details are captured by the system about the customer.
Only details about the purchased goods, the method ofpayment, member of the staff,
purchased quantity, and price & totals are captured.
It has been that levels of stock are recorded by using the stock card. It can
be seen that the details of the new inventory are entered into the cards when the new
stock and details of sold units are changed at the termination of each trading day. It
is very clear that when things become hectic, marketing off stock sheets can be
forgotten and hence they are not very exact. To know the level of the stock item, the
physical check is needed.
Required
As you have knowledge about information systems, would you provide assistance
to Salma in solving various issues like maintenance of customer details,
maintenance of marketing off stock sheets, collection of useful data for sales
forecasting and accurate calculation of wages & to electronically pay staff. You
should indicate that your suggestion would help each of the stores to improve the
organizational performance along with store's efficiency.
Based on the information given, the assistance that can be given to Salma to solve issues like maintenance of customer details, maintenance of marketing of stock sheets, etc will be enterprise resource planning.
Enterprise resource planning is a software that is used by organizations to manage day-to-day business activities like project management, risk management, accounting, procurement, etc.
The functions that can be performed by the enterprise resource planning include:
Displaying current balance.Recording transactions.Tracking wastage.Providing information on project scope.Summarizing customer billing, invoice collection, budgeting, etc.In conclusion, enterprise resource planning will be a valuable tool for the company to improve its revenue.
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PLEASAE HELP ME YOU GUYS!!!!!!!!!!!!!!! 40 POINTS IF YOU ANWSER ALL!!!!
What do fear-based marketing messages and advertisements focus on? (Select the best answer.)
Question 1 options:
Threats to the company's business
The company's competitors and their prices
The bad things that will happen to people who don't buy the product
Negative changes in the market that have reduced demand for the product
Question 2 (1 point)
Jacob is a marketer at Gamer Way Video Games. He is currently working to develop four different color versions of their latest video game console. Which of the four Marketing Mix strategies is Jacob working on?
Question 2 options:
Product
Place
Price
Promotion
Question 3 (1 point)
If a product is difficult to find or only carried by high-end retailer, this adds to it's prestige. This always benefits your marketing message.
Question 3 options:
True
False
Question 4 (1 point)
Which of the following can help you evaluate the performance of your ads and other marketing strategies?
Question 4 options:
Sending out a press release multiple times
Collecting secondary data about your target market
Asking customers how they found out about your company or product
Asking competitors what they think of your advertising strategy
Answer:
1. threats to the company
2. is product
3.true
4. sending out press release
the fijian dollar is currently trading for AUD 2.55. if the interest rate in australia is 5.5% and the interest rate in New Zealand is 6.5% what would be the one year forward exchange rate
Since the interest rate in Australia is 5.5% and the interest rate in New Zealand is 6.5%, then the one-year forward exchange rate is 1 Fijian dollar equals 2.53 AUD.
The information given from the question is that 1 Fijian dollar = 2.55 AUD.
Based on the information, the foreign currency is Fijian dollar while the home currency is AUD. Therefore, the forward rate will be:
= 2.55 × [(1 + 5.5%) / (1 + 6.5%)
= 2.55 × (1.055 / 1.065)
= 2.55 × 0.99
= 2.53
In conclusion, 1 Fijian dollar equals 2.53 AUD.
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Mickey and Minnie each have a budget of $80 per moth to spend on downloaded music tracks and live concerts. At the initial price, Mickey consumes both goods but Minnie buys only downloaded music an does not go to live concerts. Now the price of live concerts falls. Use figures to show that Mickey’s utility must increase and that Minnie’s utility may increase or stay the same, but cannot fall.
Answer:
sanaol may pera
Explanation:
#fyp tikrok
The question is about the spent of budget and their utility.
Minnie and Mickey have a budget of $80 each per month to spend on music and concerts.
Mickey consumes both to spend his budget but Minnie only consumes her budget for downloaded music.
Now that the price for concert have decreased Mickey will be able to spend more on either options as he will be paying less for concert tickets. Therefore Mickey's utility will increase.
While Minnie only consuming downloaded music will have no impact upon falling prices for the concert. Therefore her utility will remain same.
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Marcela heard her manager loud and clear: Marcela needed to be more careful in her work or she wouldn’t have a job. Marcela ______________ to her manager, saying, "I will definitely make fewer errors from now on."
a. selected a channel
b. decoded a message
c. gave feedback
Answer: Marcela decoded a message to her manager, saying, "I will definitely make fewer errors from now on."
Marcela selected a channel to her manager, saying, "I will definitely make fewer errors from now on."
Marcela gave feedback to her manager, saying, "I will definitely make fewer errors from now on."
Explanation: The one that sounds better in the sentence is the correct answer the ones that sound like it doesn't fit in the sentence is incorrect.
12. What is the tendency of suppliers to offer more of a good at a higher price?
One example of ___________________ is a wiki, a site where community members can add and discuss information to develop a resource for the entire community. Wikipedia is a famous example of a wiki.
a. a centralized network
b. a formal channel
c. upward communication
d. social media
One example of social media is a wiki, a site where community members can add and discuss information to develop a resource for the entire community: D. social media
Social media can be defined as a collection of Internet software programs (applications) which avails end users the ability to add, share and discuss information, as well as enhance collaboration between community members over the Internet.
This ultimately implies that, wiki is an example of a social media because it allows community members to add and discuss information, in order to develop a resource for the entire community.
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Answer:
d. social media
Explanation:
Wikis are a type of social media. One way companies can use them is to organically develop reference or training materials that reflect consensus on best practices through contributions and editing by employees. Passionate communities can develop around wikis, as shown by the success of Wikipedia. The giant wiki has its challenges, including ensuring information integrity, maintaining volunteer commitment, and representing diversity, but as the sixth most visited website in the world and about 5 million entries just in English, it demonstrates the opportunity to leverage a community to create a shared resource of great value.
Because any authorized member of the community can post an entry, change, or comment to a wiki, this is not a formal communication channel and communication is decentralized.
Covan, Inc. is expected to have the following free cashflow:
Year 1 2 3 4
FCF 13 15 16 17 Grow by 4% per year
a. Covan has 66 million shares outstanding, 33 million in excess cash, and it has no debt. If its cost of capital is 13%, what should be its stock price?
b. Covan reinvests all its FCF and has no plans to add debt or change its cash holdings (it does not invest its cash holdings). If you plan to sell Covan at the beginning of year 2, what is its expected price?
c. Assume you bought Covan stock at the beginning of year 1. What is your expected return from holding Covan stock until year2?
Answer:
a
Explanation:
you add
Generational Equity refer to: Group of answer choices a. One generation holding more wealth in stocks than debt instruments b. The relationship between taxes and spending at the generational level c. The potential of one generation subsidizing another Both a. and b. Both b. and c.
Generational equity refers to:
The relationship between taxes and spending at the generational levelThe potential of one generation subsidizing anotherThe answer to this question is option b and c. The concept has it that different generations have to be treated in similar and equal ways and also the fact that everyone has to have the same opportunities.
The theory explains the tradeoffs that exists between meeting the needs of those that are the elderly and those that are still young.
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By sending monthly statements to customers, most companies control three assertions related to receivables at historical cost. Which ones are those
Answer:
Receivables can be classified as accounts receivables, notes receivable and other receivables ( loans, settlement amounts due for non- current asset sales, rent receivable, term deposits).
Casey Company retired $500,000 face value, 9% bonds on June 30, 2021 at 96. The carrying value of the bonds at the redemption date was $508,000. Prepare the journal entry to record the redemption of the bonds.
Based on the information given the appropriate journal entry to record the redemption of the bonds is:
Casey Company Journal entry
June 30, 2021
Debit Bonds payable $500,000
Debit Premium on bonds payable $8,000
($508,000-$500.000)
Credit Gain on bond redemption $28,000
($508,000 - $480,000)
Credit Cash $480,000
($500,000 x 96%)
(To record redemption of the bonds)
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Each of the following solutions were developed to lessen an asymmetric information problem. Sort each solution into the problem it aimed to address.
a. a health screening to determine acceptance into a health insurance plan.
b. a telematic device in a prospective car insurance customer's vehicle that tracks driving behavior.
c. a video monitoring system in your home while your babysitter is there.
d. a company requirement that the chief executive officer hold at least five times their annual salary in company stock.
1. Adverse selection
2. Principal-agent
The following are solutions to adverse selection:
a. a health screening to determine acceptance into a health insurance plan.
b. a telematic device in a prospective car insurance customer's vehicle that tracks driving behavior.
The following are solutions to principal-agent problem:
c. a video monitoring system in your home while your babysitter is there.
d. a company requirement that the chief executive officer hold at least five times their annual salary in company stock.
Asymmetric information is when one of the parties in a transaction has more information than the other parties in the transaction.
Adverse selection is an effect of asymmetric information. This is when the party with more information takes steps to their advantage to the detriment of other parties. The principal-agent problem occurs when the interests of a public company's managers and shareholders are not aligned.
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You work for an accounting firm. Just last week the state legislature passed reforms to the state tax code. The revised tax code was published with an accompanying online report. You have been asked by your supervisor to compress the main points from the online report. What type of short informational report have you been asked to write
A summary is simply known as a short explanation of a work's content. The type of short informational report that I have been asked to write is a summary.
A summary report can consist of;
The author's major supporting ideas. They show the author's purpose in writing etc.A summary often start with an introductory sentence that talks about the text's title, author and main point of the text as you see it.
A summary is often written in your own words and it should have the ideas of the original text.
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Answer:
A summary is the answer.
Explanation:
During 2019 Pulseflow had Cash Paid for Inventory of $25,000 and they purchased equipment costing $5,000 and furniture costing $10,000. What would their Net Cash Used by Investing Activities be
The net cash used by investing activities by Pulseflow Corporation is $15,000.
Data and Calculations:
Operating Activities:
Inventory = $25,000
Investing Activities:
Equipment = $5,000
Furniture = $10,000
The Investing Activities included the purchase of equipment and furniture.
Thus, the net cash used by investing activities is $15,000 ($5,000 + $10,000).
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guys help me pls (30points)
What is an example of a behavior associated with a negative attitude?
a
Being rude to a co-worker
b
Finishing your work a day early
c
Helping a co-worker with a project
d
Showing up to work on time
Answer: A
B is being prepared
C is an example of teamwork
D is an example of being prepared
So the answer is A
Explanation:
Mike got a 45% discount when he bought a new jacket. Which of the following is NOT equivalent to 45%?
Answer:anything thats not 45%
Explanation:
Because 45 isn’t anything except that
Suppose you have $12,000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for future use. If the required reserve ratio is 10%, then what will be the maximum impact on money supply today as a result of your action
The maximum impact on money supply today as a result of your action is: Money supply will decrease by $4,500.
Required reserve= 10% × $12,000
Required reserve= $1,200
Loan= Total deposit - Required reserves
Loan= $12,000 - $1,200
Loan= $10,800
Money supply =1/.10×$10,800
Money supply=$108,000
Money supply before withdrawal is $108,000.
After withdrawal of $500:
Deposit= $12,000 - $500
Deposit= $11,500
Required reserve= 10% × $11,500
Required reserve=$1,150
Loan= Total deposit - Required reserves
Loan=$11,500 - $1,150
Loan= $10,350
Money supply=1/.10×$10,350
Money supply=$103,500
Decrease in money supply:
Decrease in money supply= $108,000 - $103,500
Decrease in money supply= $4,500
Inconclusion the maximum impact on money supply today as a result of your action is: Money supply will decrease by $4,500.
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On January 1, Year 1, Kennard Co. issued $2,000,000, 5%, 10-year bonds, with interest payable on June 30 and December 31 to yield 6%. The bonds were issued for $1,851,234. a. Prepare an amortization schedule for Year 1 and Year 2 using the effective interest rate method. Round answers to the nearest dollar. Enter all amounts as positive numbers.
The Amortization Schedule for Kennard Co. using the effective interest rate method is as follows:
Date Cash Interest Amortization Balance
Payment Expense
Jan. 1, Yr 1 $1,851,234
June 30 Yr 1 $50,000 $55,537 $5,537 $1,856,771
Dec. 31 Yr 1 $50,000 $55,703 $5,703 $1,862,474
June 30 Yr 2 $50,000 $55,874 $5,874 $1,868,348
Dec. 31, Yr 2 $50,000 $56,050 $6,050 $1,874,398
Data and Calculations:
Face value of bonds = $2,000,000
Bonds Proceeds = 1,851,234
Bonds Discounts = $148,766
Maturity period = 10 years
Coupon interest rate = 5%
Market interest rate = 6%
Payment of interest = June 30 and December 31 annually
June 30, Year 1:
Interest Expense = $55,537 ($1,851,234 x 6% x 1/2)
Cash payment = $50,000 ($2,000,000 x 5% x 1/2)
Amortization of discount = $5,537 ($55,537 - $50,000)
Bonds Payable value = $1,856,771 ($1,851,234 + $5,537)
December 31, Year 1:
Interest Expense = $55,703 ($1,856,771 x 6% x 1/2)
Cash payment = $50,000 ($2,000,000 x 5% x 1/2)
Amortization of discount = $5,703 ($55,703 - $50,000)
Bonds Payable value = $1,862,474 ($1,856,771 + $5,703)
June 30, Year 2:
Interest Expense = $55,874 ($1,862,474 x 6% x 1/2)
Cash payment = $50,000 ($2,000,000 x 5% x 1/2)
Amortization of discount = $5,874 ($55,874 - $50,000)
Bonds Payable value = $1,868,348 ($1,862,474 + $5,874)
December 31, Year 2:
Interest Expense = $56,050($1,868,348 x 6% x 1/2)
Cash payment = $50,000 ($2,000,000 x 5% x 1/2)
Amortization of discount = $6,050 ($56,050 - $50,000)
Bonds Payable value = $1,874,398 ($1,868,348 + $6,050)
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Lilly would like to start investing. What tools and services can she benefit from?
Answer:
stocks, mutual funds, retirement investments
Explanation:
When you arrive for your job interview, the interviewer greets you with a warm handshake and a smile. While you speak, he smiles and nods often and occasionally takes notes.
What message is the interviewer expressing nonverbally?
a. He is passively enduring your interview.
b. He is actively engaged in your interview.
c. He is uncomfortable meeting with you.
Answer:
b. He is actively engaged in your interview.
Explanation:
In most cultures, smiling implies friendliness. In the United States, nodding and maintaining consistent eye contact show interest and engagement in a conversation and respect for the speaker. By combining these three nonverbal behaviors, the interviewer is expressing active, positive interest in your interview.