Ask question

Ask question

All categories

Marta_Voda [28]

2 years ago

3

Which of the following is NOT a common feature of a financial institution? A. Access to ATMS B. Paper Checks C. Direct Deposit D

. Access to investment products

1 answer:

Alex2 years ago

4 0

Answer:

D. Access to investment products

Explanation:

The reason is because I just know .

You might be interested in

Which statement best describes a significant similarity between the AICPA and IESBA codes? Both codes incorporate the conceptual

34kurt

Both codes incorporate the conceptual framework approach for evaluating threats when specific rules on a matter do not exist.

Explanation:

IFAC has enacted a Code of Ethics for Professional Accountants (IESBA Code), the International Ethics Standards Committee for Competent. The latest IESBA Code edition was upgraded and modified in July 2009 and comes into force on 1 January 2011. The adjustments clarified and considerably strengthened the independence specifications for all competent accountants.

IESBA and AICPA are more comparable than they are, but there are substantial differences. In many instances it will produce similar effects if codes are added to the same pattern of truth.

The IESBA Code deals with a number of possible independence issues which are covered by the AICPA Conceptual Structure but not AICPA. Examples include the Long Senior Human Resources Group (including Team Rotation).

Certain independence restrictions are enforced by the IESBA Code representing the "extent of public interest in certain companies" (i.e. entities listed on an accepted stock exchange for whose shares are listed), and institutions whose auditors are legally or administrative authorities required to comply with the same requirements for independence as the listings).

The IESBA splits the conditions for freedom into two regions. Section 290 offers the toughest prohibitions and includes accounting reports and audits. Section 291 generally provides less stringent requirements of freedom for all other insurance obligations. The AICPA does not change the principles of equality.

6 0

2 years ago

A chemical manufacturer is setting up capacity in Europe and North America for the next three years. Annual demand in each marke

Yuri [45]

Answer:

Explanation:

The two choices under consideration are building 4 million units of capacity in North America

YEAR 1 2 3

Production and Sales 4,000,000.00 4,000,000.00 4,000,000.00

Variable cost @ 10 40,000,000.00 40,000,000.00 40,000,000.00

Divide by:

Conversion Factor 1.33 1.33 1.33

Multiply by:

Growth(.1*.5)+(-.05*.5) 1.025 1.025^2 1.025^3

NET CASHFLOWS 30,827,068.00 31,597,744.00 32,387,688.00

DCF @ 10% 0.909090909 0.83 0.75

Present Values 28,024,607.27 26,113,838.02 24,333,349.36

NET TOTAL COST 78,471,794.65

or building 2 million units of capacity in each of the two loca-tions. Building two plants will incur an additional one-time cost of $2 million.

YEAR 0 1 2 3

Production and Sales 4,000,000.00 4,000,000.00 4,000,000.00

Variable cost @ [(10+9)/2] 38,000,000.00 38,000,000.00 38,000,000.00

Additional cost 2,000,000.00

Conversion Factor 1.33 1.33 1.33 1.33

Growth(.1*.5)+(-.05*.5) 1.025 1.025^2 1.025^3

CASHFLOWS 1,503,759.40 29,285,714.29 30,017,857.00 30,768,304.00

DCF @ 10% 1 0.909090909 0.826446281 0.751314801

Present Value 1,503,759.40 26,623,376.62 24,808,146.28 23,116,682.19

NET TOTAL COST = 76,051,964.50

DECISION: The manufacturer should build 2 plants in 2 different locations because it gives a lower net present cost

<u>At what initial cost differential from building the two plants will the chemical manufacturer be indifferent between the two options?</u>

The difference in both options came from the fact that variable cost is lower in Europe and building the plant is more expensive. If there is no increase in cost and variable cost is same everywhere, then both options will be same.

5 0

2 years ago

Kamal has a history of back problems, but his old insurance policy would not cover him for this condition because he had it befo

HACTEHA [7]

Preexisting condition. It was how insurance companies would not cover many conditions.

4 0

2 years ago

For the next 2 questions, use the financials of Acme Corporation. After adjusting revenue for accounts receivable and deferred r

Mekhanik [1.2K]

Answer: B. $892.1 million

Explanation:

The Revenue was $939,393 million

When calculating how much cash was generated any increase to the Accounts Receivables is removed from the revenue because it signifies that more sales were made on credit and so have not given the business cash yet.

Any increase in Deferred Revenue must be added because this is Cash that has been given to the business but for accrual purposes cannot be recognized yet. Bottomline however, the Cash has been received.

Increase in Receivables = 309,196 - 221,504

= $87,692 million

Increase in Deferred Revenue= 374,730 - 334,358

= $40,372 million

The Cash generated is therefore;

= 939,393 - 87,692 + 40,372

= $892,073

= $892.1 million

I have attached the Financial Statements of Acme Corporation.

6 0

2 years ago

Kamal, after completing his studies wanted to start his own business. However, his father Mr.Kishanlal discouraged him saying th

Maksim231197 [3]

Answer:

No, Kamal's father, Mr.Kishanlal is not justified in his point of view because although it is true that money is needed to start a new business but money is not that much necessary as many other things. To start a new business and make it a success, passion, new idea and determination is much needed. If you are passionate to start something new and provide people value then it will be very easy to become successful. You should have a new idea to start a business. You should provide people with ease with the help of your new idea and new product or service. People will definitely but your products and services if it is something of value. You should have an urge to be determinant. There are many entrepreneurs, who have not much money when they started a business, but with their passion and handwork they became successful i,e, Jeff Bozos, Bill Gates, Steve Jobs etc.

7 0

2 years ago