in order to come up with the extra money to spend that it doesn't possess in tax revenues, the federal government must sell debt instruments called loans on the open market. when the federal government, in particular, is selling these debt instruments we call them
Answers
When the federal government is selling debt instruments to raise funds, they are called Treasury securities or Treasury bonds.
When the federal government spends more money than it collects in tax revenues, it needs to raise funds through borrowing. The way it does this is by issuing Treasury securities or Treasury bonds. These are essentially IOUs issued by the US Department of the Treasury, promising to pay back the amount borrowed plus interest at a specified future date.
Treasury securities are sold in the open market, primarily to institutional investors such as banks, pension funds, and insurance companies, as well as individual investors. The interest rates on these securities are determined by market demand, with higher demand leading to lower interest rates and vice versa. The government uses the money raised through the sale of Treasury securities to finance its ongoing operations and pay for various programs and services, including national defense, infrastructure, social security, and healthcare.
The sale of Treasury securities is a way for the government to raise funds without raising taxes or cutting spending. However, it also adds to the national debt, which is the cumulative amount of all past borrowing by the federal government. The government pays interest on this debt, which can be a significant portion of the federal budget, and it can also impact the country's credit rating and ability to borrow in the future.
Learn more about the open market:
https://brainly.com/question/14256204
#SPJ11
Related Questions
a) You are holding 613 of a 13 33 Bear Put the market closes at 9.04 on the date that the options expire and you received 2.72 for the low put and paid 8.09 for the high put. How much do you make or lose?
b) You are holding 102 of a 49 straddle the market closes at 68.14 on the date that the options expire and you paid 31,568 in total cost for the options. How much do you make or lose?
Answers
The negative value indicates a loss. So, the profit or loss from holding the straddle options is -$31,499.86.
a) To calculate the profit or loss from holding the bear put options, you need to consider the difference between the option premiums and the market price at expiration.
Given:
Number of bear put options held = 613
Premium received for the low put = $2.72
Premium paid for the high put = $8.09
Market price at expiration = $9.04
To calculate the profit or loss per contract, you subtract the total cost (premium paid) from the total income (premium received):
Profit or loss per contract = Premium received - Premium paid
Profit or loss per contract = $2.72 - $8.09
Profit or loss per contract = -$5.37
To calculate the total profit or loss, you multiply the profit or loss per contract by the number of contracts held:
Total profit or loss = Profit or loss per contract * Number of contracts held
Total profit or loss = -$5.37 * 613
b) To calculate the profit or loss from holding the straddle options, you need to consider the difference between the market price at expiration and the total cost of the options.
Given:
Number of straddle options held = 102
Total cost of the options = $31,568
Market price at expiration = $68.14
To calculate the profit or loss, you subtract the total cost from the market value:
Profit or loss = Market value - Total cost
Profit or loss = $68.14 - $31,568
Profit or loss = -$31,499.86
The negative value indicates a loss. So, the profit or loss from holding the straddle options is -$31,499.86.
Learn more about premium Here-
https://brainly.com/question/16845751
#SPJ4
The summarised comparative Statement of Financial Position for the year ended 30 June 2020 for Surf Life Ltd, along with additional information, is presented below: 30 June 2019 30 June 2020 Cash $ 80 000 $ 39 000 Bank bills (due 1 July) 16 000 10 000 Accounts receivable 170 000 188 000 Allowance for doubtful debts (23 000) (25 000) Prepayments 20 000 15 000 Inventories 60 000 104 000 Equipment 40 000 75 000 Accumulated depreciation - equipment (8 000) (15 500) Plant 368 000 420 000 Accumulated depreciation - plant (45 000) (70 000) Deferred tax asset 20 000 24 500 $ 698 000 $ 765 000 Bank overdraft 10 000 17 000 Accounts payable 130 000 150 000 Provision for employee benefits 33 000 38 000 Interest payable 3 000 4 000 Current tax liability 24 000 31 000 Dividend payable 56 000 50 000 Borrowings 65 000 75 000 Share capital 335 000 350 000 Retained earnings 42 000 50 000 $ 698 000 765 000 Additional Information on next page $
Answers
The summarised comparative Statement of Financial Position for the year ended 30 June 2020 for Surf Life Ltd:
The Statement of Financial PositionThe value of assets rose to $765,000, representing a $67,000 increase from their previous worth of $698,000.
The boost in the total assets was a result of the escalation in various components, which includes cash ($41,000), accounts receivable ($18,000), inventories ($44,000), property, plant, and equipment ($52,000), and deferred tax asset ($4,500).
The liability amount experienced a rise of $7,000, going up from $130,000 to $137,000.
The rise in debts was a result of various factors, namely an escalation in accounts payable ($20,000), an additional provision for employee perks ($5,000), augmenting current tax obligation ($7,000), and increasing dividend liability ($6,000).
The value of equity has risen by $50,000, transitioning from $335,000 to $385,000.
The boost in equity was a result of a rise in accumulated profits, totaling $50,000.
Read more about financial statements here:
https://brainly.com/question/26240841
#SPJ1
In about 200 words, Answer this question using supporting arguments & ideas from the Week 5 modules and lectures. This is for History of Astronomy class.
To what extent did foreign influences impact the traditional astronomy of India and China?
TALKING ABOUT LATER CHINESE ASTRONOMY AND SIIDHANTIC INDIAN ASTRONOMY.
Answers
Astronomy, the oldest of the natural sciences, has a long and fascinating history. Astronomy has been practiced for thousands of years by many civilizations, and it has been influenced by a variety of factors, including foreign influences. Both Indian and Chinese astronomy, like astronomy in other ancient cultures, were heavily influenced by external factors, which contributed to their evolution and development.
The astronomy of ancient China had a long and varied history. Chinese astronomy was influenced by a variety of factors, including trade, war, and diplomacy. Ancient Chinese astronomy was a product of both indigenous Chinese culture and foreign influences, particularly from India. The exchange of ideas and knowledge between India and China occurred primarily through the Silk Road.
Astronomy in ancient India has a long and distinguished history. Siddhantic astronomy, one of India's oldest and most sophisticated systems of astronomy, has been practiced for thousands of years. Indian astronomy was influenced by a variety of factors, including trade, war, and diplomacy. Foreign influences had a significant impact on the development of Indian astronomy, particularly from Mesopotamia, Egypt, and Greece.
Foreign influences had a significant impact on Chinese astronomy. During the early centuries of the Han dynasty, astronomers began to study foreign texts and observations. Chinese astronomers also learned from other cultures, particularly from India. Indian astronomy had a significant influence on Chinese astronomy, particularly during the Tang dynasty.
Siddhantic astronomy in India was heavily influenced by foreign cultures, including Greek, Mesopotamian, and Egyptian astronomy. During the Gupta period, Indian astronomers began to study and translate Greek texts. The influence of Greek astronomy is evident in the use of Greek letters to denote the planets. The development of Siddhantic astronomy was also influenced by Mesopotamian and Egyptian astronomy.
In conclusion, foreign influences had a significant impact on both the traditional astronomy of India and China. Trade, war, and diplomacy all contributed to the exchange of ideas and knowledge between these ancient civilizations. As a result, Indian and Chinese astronomy evolved and developed, incorporating new ideas and techniques from other cultures.
learn more about astronomy:
https://brainly.com/question/1141458
#SPJ11
in one paragraph highlight the characteristics of an entrepreneur
Answers
Answer:
Im not going to type a whole paragraph but ill give you some ideas.
Explanation:
An entrepreneur is someone who does many things like owning a buisness or having many hobbies .
Entrepreneurship starts with an idea. To be successful, you need to always be thinking of new ideas and better ways of doing things.
Entrepreneurs are not satisfied with the status quo. They think outside the box and look for opportunities to come up with new solutions.
Perhaps the most important characteristic for entrepreneurs, passion is essential to any business owner or working professional's success. Without passion, there is no reason for your work and no drive to do it.
Entrepreneurs love what they do and are extremely dedicated to the businesses they create. To be successful, you must be confident in yourself and your business, and you must be proactive with what you do and how you do it
Because of their passion for their ideas, entrepreneurs are willing to put in the long hours and hard work required to launch and run a successful new business. Are you self-motivated? Entrepreneurs are their own boss, which means there's no one telling them to do things. You must be in charge of your own time and how you spend it.
Entrepreneurs always look on the bright side and are constant dreamers. They look at how they can do things better and make the world a better place. They never dwell on the past or the negative. Instead, they focus on moving forward and moving up.
When they're confronted with challenges, entrepreneurs don't see them as problems; they see them as opportunities. Challenges fuel entrepreneurs and make them reach higher and do more.
Because entrepreneurs are focused on moving forward, they are always looking toward the future. Entrepreneurs are very goal-oriented and know exactly what they want. They set their goals and everything they do is aimed at achieving those goals.
Having a strong vision helps propel you toward accomplishment. Consider setting a goal for yourself - a north star that can guide you on your path to success.
To be successful in business, you have to know business. If you're a people person and know how to get people to listen to you, you could be a successful entrepreneur.
Especially when first starting out, entrepreneurs need to gain buy-in from those around them on their big idea. If it's an out-of-the-box idea, which it usually is, many people will be skeptical before giving their support or investing any money. That's why entrepreneurs need to use their persuasiveness to sell themselves and their ideas.
Entrepreneurs know how to adapt to unfamiliar situations. If their business requires that they learn how to build a website or send an invoice, they'll do it. Whatever it takes, entrepreneurs are ready and willing. They always approach things with an open mind and are willing to change course if they need to.
Entrepreneurs do not shy away from challenges or conflicts. Instead, they face them head on and come up with a solution. They know how to solve problems effectively.
Entrepreneurs also know how to make the most of what they have. Time, money and effort are never used haphazardly. Everything has a plan and a purpose.
Entrepreneurs know that to be successful, they must be willing to take risks. While they don't mind walking on the wild side, they don't take risks lightly. They know how to plan for the unknown and make a calculated decision that is best for them and their business.
There is no room for procrastination in business. Entrepreneurs know what needs to be done and don't hesitate to make the decisions that will lead them to success. They don't let opportunities pass them by; instead, they seize the day and get the job done.
I hope it helps
If it's too long you can edit it to your choice
In the mid-1990s a Nabisco marketing campaign claimed that there were at least 1000 chips in every bag of Chips Ahoy! Cookies. A group of Air Force cadets collected a sample of 41 bags of Chips Ahoy! Cookies, bought from locations all across the country, to verify this claim. The cookies were dissolved in water and the number of chips (any piece of chocolate) in each bag were hand counted by the cadets. The average number of chips per bag was 1261.6, with standard deviation 117.6 chips. A) State the hypotheses to test whether the average number of chips per bag is greater than 1000. B) State and check the conditions to perform this test. C) Calculate the test statistic and p-value for this test. D) Give your decision and conclusion for this test at the 5% significance level.
Answers
The weight of chocolate chips in an 18-ounce package is under the 27th percentile. Ahoy! chip cookies are made with 1190 chocolate chips random variables 1006 and 1518 chocolate chips in each bag of Chips Ahoy!, making up the majority (97%) of the bags.
Chips Ahoy! has an average of 160 chocolate chips, which is the interquartile range. The weight of chocolate chips in an 18-ounce package falls in the 27th percentile. Ahoy! chip cookies contain 190 chocolate chips.
b) The middle 97% of X are found between the 1.5th percentile and the 98.5th percentile. The "NORM.S.INV" function in Excel allows us toThe associated z-score for the 1.5th percentile is -2.17.
The z-score that represents the 98.5th percentile is 2.17. The X value for the 1.5th percentile is therefore X=p+zoX = 1262 + (-2.17 x 118)X 1006
And X=u+ zoX = 1262 + (2.17 x 118)X 1518 is the result that corresponds to the 98.5th percentile.
The 1006 to 1518 chocolate chips that make up the middle 97% of a bag of chips Ahoy! constitute the bag's total chocolate chip content.
d) The interquartile ranges are as follows:
IQR Let X represent a random variable that represents the number of chocolate chips in an 18-ounce bag of chips. Cookie chips, ahoy.
We can calculate the answer as X N(1262, 1182) and set k as the 27th percentile of X.Therefore, P(XK) = 0.27. We are aware that Z P(Z K - 1262/118) = 0.27 if X N(u, o).
To know more about Random variables visit:
https://brainly.com/question/29068925
#SPJ4
a) What is the optimal size of the production run? 4,676 units (round your response to the nearest whole number). b) What is the average holding cost per year? \$ (round your response to two decimal places). C) What is the average setup cost per year? $ (round your response to two decimal places). d) What is the total cost per year, including the cost of the lights? $11,764.10 ⊤
(round your response to two decimal places). Radovilsky Manufacturing Company, in Hayward, Calfomis, makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 12.500 fashing lights per year and has the capability of producing 100 per day. Setting up the light production costs $48. The cost of each light is $1.05. The holding cost is 50.05 per light per yoat. a) What is the optimal suze of the production run? units (round your response to the nearest whole number).
Answers
The optimal size of the production run for Radovilsky Manufacturing Company is approximately 4,676 units.
The optimal size of the production run, we can use the economic order quantity (EOQ) formula:
EOQ = √((2 * D * S) / H)
Where:
EOQ = Economic order quantity (optimal production run size)
D = Annual demand (12,500 units)
S = Setup cost per production run ($48)
H = Holding cost per unit per year ($0.05)
Plugging in the values, we have:
EOQ = √((2 * 12,500 * 48) / 0.05)
EOQ ≈ 4,675.74
Rounding the result to the nearest whole number, the optimal size of the production run is 4,676 units.
To learn more about optimal size refer here:
https://brainly.com/question/5895996#
#SPJ11
What type of function does a project management tool have that a task management tool does not?
file sharing
progress tracking
commenting
budgeting
Answers
The commenting are type of function does a project management tool have that a task management tool does not. Thus, option (c) is correct.
What is management?
The term “management” refers to the act of managing. The management of the business activities. Management is the basis of art, science, and the profession.
The management are the division of the different departments are the created such as project management and the task management. The file sharing, progress tracking, and budgeting. But, the commenting is not the function of the task management tool.
As a result, the commenting is not the function does a project management tool have that a task management tool does not. Therefore, option (c) is correct.
Learn more about on management, here:
https://brainly.com/question/14523862
#SPJ1
Which example best shows a safety issue related to a large manufacturing business?
Question 13 options:
The machines at the business are found to waste energy and cause excess costs.
Broken machinery and flammable chemical containers are left sitting in the parking lot.
Poverty has forced the neighborhood surrounding a business to become deserted.
The flu season has caused a high rate of absent employees at the business.
Answers
The example that best shows safety issue is B. Broken machinery and flammable chemical containers are left sitting in the parking lot.
How is this a safety issue ?Improperly repaired or unremoved broken machinery poses a significant risk of potential accidents and injuries to workers. Also, maintaining flammable chemical containers in the parking lot can trigger explosive or harmful situations where chemicals may leak or ignite.
This, in turn, could lead to unfavorable outcomes by endangering the employees, visitors, as well as the surrounding environment. However, other available options unrelated to security might pertain to cost reduction measures for energy conservation purposes aimed at achieving financial and environmental benefits.
Find out more on safety issues at https://brainly.com/question/14367881
#SPJ1
Do you Agree or Disagree with the following statement -- do you think the role of directors, is to maximise shareholder value? Explain with sources (from 2016 onwards) possibly linking to GRI. Answer should be approximately 200 words in length.
Answers
While some contend that the main goal of directors should be to maximise shareholder value, others contend that directors should think about a wider variety of stakeholders and concentrate on long-term sustainable value generation.
Those who support the view that directors should maximize shareholder value argue that shareholders are the owners of the company and have the ultimate financial stake in its success. They believe that directors have a fiduciary duty to act in the best interests of shareholders and to maximize their returns. This perspective is rooted in the shareholder primacy theory, which suggests that the primary purpose of a corporation is to serve the interests of its shareholders.On the other hand, critics of the shareholder value maximization approach argue that it can lead to short-termism and neglect of other stakeholders, such as employees, customers, communities, and the environment. They advocate for a stakeholder-oriented approach, which considers the interests of all stakeholders and aims to create long-term sustainable value. This approach recognizes that the success of a company is dependent on the harmonious interaction of various stakeholders and takes into account environmental, social, and governance (ESG) factors.The Global Reporting Initiative (GRI) is a widely recognized framework for sustainability reporting. While GRI emphasizes the importance of considering the interests of all stakeholders and sustainable value creation, it does not explicitly endorse either the shareholder primacy or stakeholder-oriented approach.In conclusion, there is ongoing debate regarding the role of directors in maximizing shareholder value. While some argue for a shareholder-centric approach, others advocate for a more balanced stakeholder-oriented approach.
The choice ultimately depends on the company's specific circumstances and the values it embraces. Companies may choose to align with the principles of shareholder value maximization, stakeholder theory, or adopt a hybrid approach that considers both perspectives to achieve sustainable long-term success.
To learn more about shareholder
https://brainly.com/question/29982132
#SPJ11
Scenario B. Eco Lawn Care Corp., a company that manufacturers environmentally friendly lawn care products, has been operating as a business for a year. The CEO, Markus, started his venture by deciding on the activities that would be involved and what his goals and objectives for the business were. He then started to recruit professional chemists and other personnel and grouped them according to their responsibilities. Every month Markus conducts a meeting where he brings attention to those who are doing good work and motivates everyone to achieve organizational goals. He also checks the daily productivity of each of the workers, monitoring them and providing training to those with low productivity. Markus monitors his employees and provides training to those who are performing poorly. In this case, which of the following functions of management is Markus performing?
a. planning.
b. organizing.
c. leading.
d. controlling.
e. decision making.
Answers
The management function that Markus perform is planning.
What is planning?Planning in management refers to steps to be taken in order to achieve an organization set goals and objectives. It means changes and challenges to anticipate, and how to utilise the available human and material resources to reach the expected outcome.
With regards to the above, Marcus is putting in place resources to achieve the organization's goals by taken steps like inspection, training and employee motivation.
Hence , the management function that Markus perform is planning.
Learn more about planning here : https://brainly.com/question/24864915
using the procedures offered in the textbook, estimate the possible market size for the following products manufacturers and distributors could sell in the mcallen-edinburg-mission metropolitan area: solar energy roof
Answers
The size of the world market for rooftop solar photovoltaics was estimated at USD 99.5 billion in 2021 and is projected to increase to USD 398.3 billion by 2030.
The term "market size" refers to the greatest volume of sales or clients your company can handle, frequently calculated over the course of a year. Before introducing a new product line or line of company, it's useful to evaluate the prospective market size because that can help you decide whether it's a reasonable investment of your time and money.
Market share is a related idea that describes the entire portion of the market that a company possesses as sales or customers.
Learn more about market here:
https://brainly.com/question/4609529
#SPJ4
A certificate of deposit offers a nominal interest rate of 2.5 percent annually.
If inflation is 1 percent, what is the real rate of return?
O A. 1.5 percent
OB. 2.5 percent
OC. 2 percent
OD. 0.5 percent
Answers
Answer:a
Explanation:
Answer:1.5 is the answer
Explanation:
Miranda needs to build new shelves in her pantry to store all these items. She wants to put each type of item on a separate shelf. The shelves will be able to support 25 lbs. Will the new shelves be able to support her current supply of powder goods? Use the conversion table below and a spreadsheet to help you determine the answer
Answers
Answer: yes
Converting each to pounds it equals 13.3 pounds
Have a wonderful day love
Last year, Alfred earned $5,000, Betty earned $50,000, and Charlie earned $500,000. If they all pay a 35% tax on all their incomes, the tax would be described as a(n)
a progressive
b proportional
c excise
d regressive
The Federal Reserve can alter the business cycle through the use of
a monetary policy
b commercial banks
c fiscal policy
d unemployment legislation
The purpose of expansionary fiscal policy is to
a prevent hyperinflation
b increase the separation between Government and private industry.
c Increase output (GDP)
d slow the growth of GDP
Answers
Answer:
b. proportional
a. monetary policy
c?. increase output?
Explanation:
Hesitant on #3 because it could technically be considered a as well, but c marks its primary purpose.
u.s. department of education (department) announced an extension of the pause on student loan repayment, interest, and collections through august 31, 2022
Answers
The U.S. Department of Education (Department) has announced an extension of the pause on student loan repayment, interest, and collections through August 31, 2022.
This means that borrowers who have federal student loans will not be required to make payments on their loans during this time, and no interest will accrue. Additionally, collections activities, such as wage garnishment and tax refund offsets, will continue to be paused.
It's important to note that this pause only applies to federal student loans owned by the Department, so private student loans are not included. Borrowers should check with their loan servicer to confirm their eligibility for this extension and to make sure their loans are covered. This extension aims to provide financial relief to borrowers who may still be facing challenges due to the ongoing COVID-19 pandemic.
Learn more about interest:
https://brainly.com/question/30393144
#SPJ11
Jessica has just opened a shoe store. To operate her business, she orders her
shoes from a company. That company receives the shoes from a local
designer. What role does Jessica play in the distribution channel?
A. Jessica is a producer.
оо
B. Jessica is a wholesaler.
C. Jessica is a retailer.
O
D. Jessica is a storage provider.
Answers
Answer:
The answer is C
Explanation: Brainiest Would help! :D
Answer:
Answer: C Jessica is a retailer
Explanation:
RETAILERS are responsible for making goods convenient for consumers
to buy.
If you own a business that purchases other people's merchandise and sells
it in your shop you are known as a RETAILER.
What are the 7 bird species?
Answers
There are seven different types of birds: pigeons, ducks, chickens, geese, vultures, hawks, and owls.
What is a bird?Among the flying creatures, birds come in a wide variety of forms and dimensions. They may be found in many different locations around the world and have wings, feathers, and beaks. The peculiar behavior, physical traits, and vocalizations of birds have been the subject of extensive study for many years. They are common in both urban and rural areas and have adapted to a variety of habitats. Birds are diverse, and as a result, many different species have been discovered and cataloged. Insects, seeds, fruit, and even other birds may be consumed depending on the species. The ecology benefits greatly from the services that birds provide, including as pollination, insect eradication, and seed dissemination.To learn more about bird kindly visit to
brainly.com/question/737725
#SPJ4
Jake Olsen has decided to put $1,000 in the bank. List several questions Jake might want to ask before ch whether to put the money in a checking or a savings account.
Answers
Answer:
look at my comment
Explanation:
5 steps in developing a research instrument
Answers
Answer:
Explanation:
Step 1 – Locating and Defining Issues or Problems. ...
Step 2 – Designing the Research Project. ...
Step 3 – Collecting Data. ...
Step 4 – Interpreting Research Data. ...
Step 5 – Report Research Findings.
Answer:Step 1: locatingOr defining issues problems problems
Step 2: designing the research project
Step 3: collecting data
Step 4: interpreting research data
Step 5: Report research findings
Explanation: it is there as soon a u look it up ! Hope that helps
If an intoxicated person enters into a contract, which of the following is correct regarding the person's capacity? Multiple Choice A person can disaffirm contract only if all of the parties to the contract were intoxicated at the time they enter into it. Intoxicated people can disaffirm contracts, but must pay for the reasonable value of any necessary. O () A person's capacity to contract depends on his level of intoxication at the time he entered the contract (not before or after). O O A person can only avoid a contract if his intoxication is caused by alcohol (not other drugs). If one of the parties to a contract intoxicated, none of the parties can enforce the contract.
Answers
The correct answer is:
B) Intoxicated people can disaffirm contracts, but must pay for the reasonable value of any necessary items or services received.
When an intoxicated person enters into a contract, they generally have the capacity to disaffirm or void the contract. However, they may still be responsible for paying for the reasonable value of any necessary goods or services received before disaffirming the contract. This is to prevent unjust enrichment where the intoxicated person could take advantage of the contract and then avoid their obligations completely. The other options listed are incorrect.
Learn more about Intoxicated here:
https://brainly.com/question/4368106
#SPJ11
Which one of the following is not a recognized form of business?
B Corp
Cooperative
S Corp
T Corp
Answers
Option (d), T Corp is not a legally recognized type of corporation.
T Corp: What is it?To local governments in New South Wales that are judged to be financially secure, TCorp offers long-term, competitively priced infrastructure loans in conformity with credit conditions. Learn more.
New South Wales Treasury Corporation is the primary source of funding for the state of New South Wales's public sector (TCorp). Its major objective is to provide financial services to the government of New South Wales as well as other public agencies and companies.
The option that comes next is not a category of company organization.The primary kind of business structure is not limited unregistered businesses. This type of business formation does not exist. All legal forms of business entities, including corporations, partnerships, and sole proprietorships, are acceptable.
Learn more about financial services: https://brainly.com/question/14508551
#SPJ1
for audits of financial statements made in accordance with generally accepted auditing standards the use of analytical procedures is required to some extent.
a. As a substantive test: yes; in the final review stage: yes
b. As a substantive test: yes; in the final review stage: no
c. As a substantive test: no; in the final review stage: yes
d. As a substantive test: no; in the final review stage: no
Answers
The correct answer is (a) As a substantive test: yes; in the final review stage: yes.
Analytical procedures are an important component of the audit process and are required to some extent for audits of financial statements conducted in accordance with generally accepted auditing standards (GAAS).
Analytical procedures involve evaluating financial information through analysis and comparison of relationships and trends. They help auditors identify unusual or unexpected fluctuations, potential errors, or inconsistencies that may indicate material misstatements in the financial statements.
Analytical procedures are used in two different stages of the audit process:
1. As a substantive test: During the substantive testing phase, analytical procedures are performed to obtain substantive evidence regarding specific assertions made in the financial statements. Auditors use analytical procedures to assess the reasonableness of financial statement balances or transactions and to identify potential areas of risk that require further investigation. This helps in determining the nature, timing, and extent of substantive testing procedures to be performed.
2. In the final review stage: Even after completing the substantive testing phase, auditors perform analytical procedures as part of the final review stage. This is done to gain an overall understanding of the financial statements, assess the overall reasonableness and consistency of financial results, and detect any potential material misstatements that may have been missed during the substantive testing phase. The final review stage allows auditors to consider the financial statements as a whole and provide an independent opinion on their fairness and compliance with applicable accounting standards.
Therefore, analytical procedures are used both as a substantive test and in the final review stage of the audit process, making option (a) the correct answer.
for more questions on substantive
https://brainly.com/question/32321551
#SPJ8
Need help ASAP please answer this
Answers
The sum of the bank's total amount of liabilities and net worth is $5002 million.
How to calculate the values?The sum of the bank's total amount of liabilities and net worth will be:
= Total reserves + Loans + Securities + Other assets.
= 268 + 3653 + 949 + 132
= $5002 million
The additional amount of loans that the bank can make to household and firm is $8 million. This is simply the value of the excess reserve.
The current quantity of transaction deposits at the bank will be:
(Total reserve - Excess reserve) = Transactions deposit × Reserved ratio
(268 - 8) = Transaction deposit × 10%
260 = Transaction deposit × 10%
Transactions deposit = 260/10%
Transaction deposit = $2600 million = $2.6 billion
Learn more about net worth on:
brainly.com/question/27218751
#SPJ1
b) Manuel needs to order fruit and vegetables on a regular basis from his supplier. Consider the advantages and disadvantages of three methods of communication he could use to place orders with his supplier. Recommend the best method for him to use. Justify your answer
Answers
Explanation:
Manuel has several options for communicating with his supplier to place regular orders for fruits and vegetables. Three potential methods include phone calls, emails, and electronic ordering systems (e.g., a dedicated supplier platform, mobile app, or EDI). We will analyze the advantages and disadvantages of each of these methods and recommend the best option for Manuel.
1. Phone calls:
Advantages:
- Direct, real-time communication with the supplier allows for immediate clarification of issues or negotiations.
- Personal interaction may help strengthen the client-supplier relationship.
- Can be executed quickly in urgent or last-minute situations.
Disadvantages:
- No written record of the conversation, potentially leading to misunderstandings or information loss.
- Requires both parties to be available at the same time.
- Longer or more complex orders might be prone to mistakes, as there is no transcript to review.
2. Emails:
Advantages:
- Provides a written record of the order, clarifying expectations and minimizing miscommunication.
- Allows for asynchronous communication, with no need to coordinate schedules.
- Ability to attach documents or images, if necessary.
Disadvantages:
- May lack the personal touch found in phone calls.
- Time-sensitive requests may not receive an immediate response.
- Emails can be lost or delayed due to spam filters, server issues, or full inboxes.
3. Electronic ordering systems (supplier platform, mobile app, EDI):
Advantages:
- Streamlines the ordering process, with consistent formats and fields.
- Real-time updates on inventory, pricing, and delivery schedules.
- Can integrate with other systems such as accounting and inventory management.
- Reduces manual data entry and hence errors.
Disadvantages:
- May require initial investments in technology or training.
- Potential issues with data privacy or platform compatibility.
- If the system crashes or experiences technical issues, orders may be delayed or lost.
Recommendation:
Based on the analysis, the best method for Manuel would be an electronic ordering system. Although it may require some initial investment and training, it provides a streamlined, efficient approach to ordering, reducing the likelihood of errors and offering real-time updates. This method will also save time, as it eliminates the need for coordination and manual data entry. Integration with other systems further supports business operations and decision-making.
While emails may offer a written record of the order, electronic ordering systems provide this advantage without the risk of delays or lost messages. Phone calls, on the other hand, may allow for personal interaction but lack the consistency, documentation, and automation that electronic systems provide. Overall, an electronic ordering system is the most effective and reliable choice for placing regular orders with the supplier.
Internet is both boon and curse. Justify the statement
Answers
Why Internet is a boon :-
Because of internet, world has became a global village.
Internet encourages freedom of speech.
Internet is empowering everyone including those who are residing at remotest places.
Internet has created a lot of opportunities that weren’t there before. It created a lot of jobs.
Education got globalized. Students can take any course in any college through E-learning.
New innovations and resources can now be shared easily.
Transfer of files was made easy.
There is no limit to store information in the internet.
Communication has never been this easier.
We can pay bills or buy items from home, that would have required to go outside otherwise.
We can find information about anything.
We can develop our skills through many free courses available in internet.
Internet can be used for entertainment such as playing video games, watching movies etc.
The scope of gossips on celebrities is reducing because now celebrities are able interact with fans directly through social media.
Why Internet is a bane :-
According to researchers, our concentration levels are decreasing with the overwhelming usage of internet as we are concentrating on a lot of things at the same time.
Our memory power is reducing. With the growing usage of internet, we are not using our minds as much as we did when there was no internet. We used to store a lot of information in our minds and we used do simple math without using our phones etc.
The present generation has way too many distractions because of internet.
Lack of security, because hackers can easily theft data or can manipulate it.
Face to face communication has reduced.
Everyone can express their own views. But lots of misleading information too available in the internet. Children and youth can easily be misled by that.
Through Internet, viruses and malware spread easily and total data can get corrupted.
Many waste their precious time on internet.
Gossips spread easily. The privacy of celebrities is diminishing.
Internet addiction is now one of the modern world problems.
Conclusion :-
Internet is definitely a boon. It brought the world closer and made our lives easier. We should utilize technology to compete with this fast world. But every coin has two sides. It’s up to us to receive good and to leave bad.
According to the video, what do Financial Analysts analyze? Check all that apply.
financial records
travel distances
insurance claims
a company's competitors
fraud
Answers
Assume that 10 years ago you purchased a $1,000 bond for $865. The bond pays 10.70 percent interest and will mature this year. (a) Calculate the current yield on your bond investment at the time of the purchase. (Enter your answer as a percent rounded to 2 decimal places.) Current yield (b) Determine the yield to maturity on your bond investment at the time of purchase. (Enter your answer as a percent rounded to 2 decimal places.) Yield to maturity %
Answers
12.36% is the yield to maturity on your bond investment at the time of purchase.
To calculate the current yield, divide the annual interest payment by the bond's purchase price and multiply by 100 to express it as a percentage:
(a) Current yield = (Annual interest payment / Purchase price) * 100
The annual interest payment is 10.70% of the bond's face value, which is $1,000. So, the annual interest payment is $1,000 * 10.70% = $107.
Current yield = ($107 / $865) * 100 = 12.36%
To determine the yield to maturity, we need to consider the bond's purchase price, face value, annual interest payment, and the number of years remaining until maturity.
(b) Since the bond is maturing this year, the number of years remaining until maturity is 0. Therefore, the yield to maturity is equal to the current yield:
Yield to maturity = Current yield = 12.36%
To learn more about bond investment refer here:
https://brainly.com/question/23266047#
#SPJ11
An airport manager is planning to pay $40,000 per year for 10 years for weather monitoring and reporting services. The cost of buying weather monitoring equipment is $200,000 with $3,000 maintenance cost per year. Assuming the life of the equipment is 10 years and airport can borrow at 8%, should the airport manager buy the equipment?
a. The equipment should be purchased
b. Both options are economically equivalent
c. The equipment should be leased
Answers
The annual payments for the services the airport manager has chosen will amount to $40,000 x 10 = $\(<<40000*10=400000>>400,000\) in 10 years. A is the correct answer.
The present value of the payments can be calculated by;
PV = Payment \(x [(1 - (1 + i)^-n) / i]\); Where: PV = Present value of payments. Payment = Yearly payments for 10 years n = 10i = 0.08 (8%).Substituting the above values gives; PV \(= $400,000 x [(1 - (1 + 0.08)^(-10)) / 0.08]\). PV = $2,869,604.79The cost of buying the weather monitoring equipment can be calculated by;Cost of buying = Initial cost + PV of annual maintenance.Where:PV of annual maintenance = Annual maintenance \(x [(1 - (1 + i)^-n) / i]\); where:Annual maintenance = $3,000 n = 10 i = 0.08 (8%)
Substituting the above values gives; PV of annual maintenance \(= $3,000 x [(1 - (1 + 0.08)^(-10)) / 0.08]\). PV of annual maintenance = $21,045.20. Cost of buying = $200,000 + $21,045.20Cost of buying = $221,045.20The present value of the cost of buying the equipment can be calculated by;PV = \(Cost of buying / (1 + i)^n\) Where: Cost of buying = $221,045.20, n = 10i = 0.08 (8%). Substituting the above values gives; PV = $\(221,045.20 / (1 + 0.08)^(10) PV = 98,332.46\). Thus, the present value of the annual payments is greater than the present value of the cost of buying the equipment; \(2,869,604.79 > $98,332.46\).Therefore, the airport manager should go for the equipment as the better alternative. Answer: a. The equipment should be purchased.
To learn more about present value, visit here
https://brainly.com/question/28304447
#SPJ11
52.0% complete question each of the following are requirements imposed by law on qualified tax-advantaged retirement plans except: a.plan documentation. b.employee vesting. c.selective employee participation. d.employee communications.
Answers
Question answered with a 52.0% accuracy Except for selected employee participation, each of the following conditions for qualifying tax-advantaged retirement plans are mandated by law.
A tax-advantaged IRA is what, exactly?You can save money tax-advantageously for retirement by opening an independent retirement account (IRA). An individual can save for retirement with income growth or a tax-deferred basis by opening an IRA at a financial institution.
What distinguishes tax-advantaged accounts from taxable ones?Investments that lose less their gains to taxes are a good fit for taxable accounts, including brokerage accounts. For investments to lose more of their earnings to taxes, tax-advantaged accounts like an IRA, 401(k), or Traditional Ira are typically a better home.
To know more about tax-advantaged visit:
https://brainly.com/question/7969388
#SPJ4
Grayson really wants to get an a on his upcoming math test but he hates studying. He decides to set a goal for himself to study for 20 minutes every night this week and preparation for the quiz Friday.What kind of goal Grayson set for himself?
Answers
Answer: short term goal
Explanation:
A short-term goal is a goal that an economic agent such as an individual or a fitm wants to achieve or accomplish soon. Short term goals are goal that one wants to achieve maybe today, in a week, in a month or even probably a year.
Since Grayson really wants to get an a on his upcoming math which is coming soon, the goal that he sets to study for twenty minutes every night is referred to as a short term goal.