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2 years ago

What effect did this fee arrangement with madoff securities have on other fund managers around the world?

1 answer:

5 0

I believe that the answer to the question provided above is that fund managers were not trusted anymore since the scam has destroy their good image and standars.
Hope my answer would be a great help for you. If you have more questions feel free to ask here at Brainly.

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Farrel Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just compl

xz_007 [3.2K]

Answer:

Direct Labor 574,000 Manufacturing Overhead 163,000 Wages Payable 737,000

Explanation:

The journal entry is shown below:

Work in process A/c Dr $574,000

Manufacturing overhead A/c Dr $163,000

To Wages payable A/c $737,000

(Being direct and the indirect cost is recorded)

For recording this given transaction, we debited the work in process account and manufacturing overhead account and credited the wages payable with the total amount

8 0

2 years ago

Match each situation with the fraud triangle factor (opportunity, financial pressure, or rationalization) that best describes it

fomenos

Answer:

(a) An employee’s monthly credit card payments are nearly 75% of her monthly earnings. select a fraud triangle factor. Financial pressure.

(b) An employee earns minimum wage at a firm that has reported record earnings for each of the last five years. select a fraud triangle factor. Rationalization.

(d) An employee has check-writing and -signing responsibilities for a small company, and is also responsible for reconci. Opportunity.

Explanation:

Fraud refers to obtaining something of value with a false representation of facts.

The fraud triangle factors are:

Opportunity: A situation that allows fraud to happen, for example, there are no internal controls in a company.

Financial pressure: There is a need that takes a person to commit fraud, for example, a debt.

Rationalization: The person that commits the fraud justifies it in his mind, for example, the person needs the money more than the big organization.

3 0

2 years ago

You have been paying $1000 every month for 6 years to a friend of yours who is extremely lazy to find a job. The annual interest

Gekata [30.6K]

Answer:

$90,280.01

$92,784.19

Explanation:

Use the following formula to calculate the worth of money

Worth of money = Periodic Payment x ( ( ( 1 + Periodic Interest rate )^numbers of periods ) - 1 ) / Periodic Interest rate

Where

Periodic Payment = $1,000 x 12 months per year = $12,000 annually

Periodic interest rate = 9%

Numbers of periods = 6 years

Placing values in the formula

Worth of money = $12,000 x ( ( ( 1 + 9% )^6 ) - 1 ) / 9%

Worth of money = $90,280.01

Where

Periodic Payment = $1,000 x 6 months = $6,000

Periodic interest rate = 9% X 6/12 = 4.5%

Numbers of periods = 6 years x 12/6 = 12

Placing values in the formula

Worth of money = $6,000 x ( ( ( 1 + 4.5% )^12 ) - 1 ) / 4.5%

Worth of money = $92,784.19

3 0

2 years ago

Despite tuition skyrocketing, a college education is still valuable. Recent calculations by the Federal Reserve Bank in San Fran

gladu [14]

Answer:

s = $13,014.22

Explanation:

Sample values: $40,632, $35,554, $42,192, $33,432, $69,479 and $43,589

Sample size = 6

The standard deviation of a sample (s) is given by:

$s=\sqrt{\frac{\sum(x_i-X)^2}{n-1}}$

Where X is the sample mean, n is the sample size, and xi is each value in the sample.

The sample mean is given by:

$X=\frac{\$40,632 +\$35,554+\$42,192 +\$33,432 +\$69,479 +\$43,589}{6} \\X=\$44,146.33$

The standard deviation is:

$s=\sqrt{\frac{\sum(x_i-\$44,146.33)^2}{6-1}}\\s=\$13,014.22$

5 0

2 years ago

Dan purchases a 1000 par value 10-year bond with 9% semiannual couponsfor 925. He is able to reinvest his coupon payments at a n

damaskus [11]

Answer:

9.2%

Explanation:

Missing word <em>"Calculate his nominal annual yield rate convertible semiannually over the ten-year period"</em>

Semi annual coupon payments = 9% / 2 = 4.5%

Par value = 4.5% * 1,000 = $45

interest rate per period = r = 7% / 2 = 3.5%

Number of periods, n = 2 x 10 = 20

FV of all the coupons reinvested = 45 / r * [(1 + r)^n - 1]

FV of all the coupons reinvested = 45 / 3.5% * [(1 + 3.5%)^20 - 1]

FV of all the coupons reinvested = $1,272.59

Receipt of par value at the end of the 10 years = par value = 1,000

Total accumulated value at the end of 10 years = $1,272.59 + 1,000

Total accumulated value at the end of 10 years = $2,272.59

Invested amount = $925

i = nominal interest convertible semi annually.

$925 * (1 + i / 2)^n = 2,272.59

925 * (1 + i / 2)^20 = 2,272.59

i = 2 * [(2,272.59 / 925)^1/20 - 1]

I = 9.19%

I = 9.2%

So, his nominal annual yield rate convertible semiannually over the ten-year period is 9.2%

7 0

1 year ago