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astraxan [27]
2 years ago
6

Usually, the decision to notify parties outside the client’s organization regarding noncompliance with laws and regulations is t

he responsibility of the
Business
1 answer:
Daniel [21]2 years ago
6 0

Answer:

Management

Explanation:

Sometimes in the course of discharging his duties, an auditor might discover a case of non-compliance with laws and regulations. In such situations, he is expected to report the issue to the governing body or management of the organization who in turn notify parties outside the client's organization. This might imply reporting to the appropriate law enforcement agencies who now investigate the matter.

The auditor should ensure that he is keeping to the code of confidentiality before proceeding on such a case. The management is expected to review the report to determine if the action was indeed non-compliant with the laws before proceeding on the next call of action.

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Rahman stock just paid a dividend of $3.00 per share. Future dividends are expected to grow at a constant rate of 6% per year. W
Veronika [31]

Answer:value of stock for the required return of 12 % =  $53

Explanation:

Given

current dividend just paid = $3.00

dividend to grow at constant rate of 6%

required rate of return =12%

to calculate the value of stock for the requitred return of 12 % , we use the dividend growth model which is  

Current price = dividend ( 1 + growth rate )/ (required rate -growth rate )

                        = 3 x (1+6%) / 12-6 = 3 x 1.06 /6% =3.18/0.06=  $53

Therefore  value of stock for the requitred return of 12 % ,=  $53

6 0
2 years ago
Identify the following as cash inflows or outflows to a privately-owned water company: well drilling, maintenance, water sales,
andrey2020 [161]

Answer:

Cash Inflow would be cash coming into the company and Cash Outflow would be going out.

<h2>Cash Inflow</h2>
  • Water Sales
  • Government Grants - money given to the company by the Government to help in its operation
  • Issuance of bonds - Cash inflow from debt issuance
  • Used Equipment sales - cash from sale of used equipment
  • Stormwater fees - paid by customers to take stormwater from property
  • Discharge Permit revenue

<h2>Cash Outflow</h2>
  • Well drilling - drilling well requires cash expenditure
  • Maintenance - cash expense
  • Accounting - Administrative expenditure
  • Energy Cost
  • Pension Plan Contributions - contributing to its employees' pension plans is an expense
  • Heavy Equipment Purchases - Capital expenditure
4 0
2 years ago
On January 1, 2019, Lynch Company acquired 13% bonds with a face value of $50,000. The bonds pay interest on June 30 and Decembe
My name is Ann [436]

Answer:

1) CR Cash/Bank $51,229.35 , DR Bonds Receivable Account $50,000 and DR Premium on Bond Payable Account.

(2) Please see attached for Investment Interest Income Amortization Schedule

(3) Recording of Interest Received

June 30, 2019

CR Income statement (Interest Received) -$3,000, CR Premium on Bond Receivable $250

December 31, 2021

CR Income Statement (Interest Received) -$2915.44

Explanation:

(1) CR Cash/Bank $51,229.35 , DR Bonds Receivable Account $50,000 and DR Premium on Bond Payable Account.

(2) Please see attached for Investment Interest Income Amortization Schedule

(3) Recording of Interest Received

June 30, 2019

CR Income statement (Interest Received) -$3,000, CR Premium on Bond Receivable $250

December 31, 2021

CR Income Statement (Interest Received) -$2915.44

Download xlsx
5 0
2 years ago
Which statement best describes one way businesses participate in the
likoan [24]

Answer:

C. Businesses create goods for product markets to sell.

Explanation:

8 0
2 years ago
Read 2 more answers
In the case of dormant cracks wider than about 1m, it is more economical to use ____________
Bad White [126]

Answer:

B. Grouting

Explanation:

These are the options for the question;

A. Epoxy resin

B. Grouting

C. Tensioning

D. Ranging

In the case of dormant cracks wider than about 1m, it is more economical to use grouting method.

Grouting techniques is a techniques that is achieved by removal of dirt or unwanted substance from the crack of the the faulty part and then grouting of the crack after which the surface is sealed by sealants. It should be noted that grouting is economical than other methods such as surface treatment.

8 0
2 years ago
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