Answer:
Explanation:
The expected cash flows from one of these bonds are:
- $60 in interest at the end of each year for 10 years, and
- $1,000 repayment of principal at the end of 10 years.
A great way to avoid tech distraction is to "use hands-free devices".
<u>Option: D</u>
<u>Explanation:</u>
Tech distraction can be for any age group people, it is basically the divergence raised due to usage of technologies like mobile, laptops, tablets for communication or other purpose, during other daily routine like in classroom for students, during driving, conferences or other important task. Thus to avoid such kind of distractions especially while driving the hand free devices are supportive, for an instance while driving inspite of picking up call in mobile people use Bluetooth to mange both is emergency, because if call picked up by bringing cell phone to the ears, mean while some texts get received and obviously a driver get distracted.
Having very flexible hours and being able to travel. This was due to his business only required a computer and internet access so he was able to work from anywhere as long as he had these things. Also the freedom to go from idea to reality quickly.
1. Several accounts were incorrectly aged in the
<span>client's aging schedule. </span>
<span>Procedures: Compare age% to prior year AR -Analytical procedures. </span>
<span>Assertion: cutoff, Valuation and allocation. </span>
<span>2. The accounts receivable turnover ratio was far below </span>
<span>expected results. </span>
<span>Procedure: AR analytical test: AR/AP, AR turnover,etc.-Analytical procedures. </span>
<span>Assertion:Completeness, cutoff. </span>
<span>3. Goods billed were not shipped. </span>
<span>Procedure: Cutoff test of billing-test the last month invoices. Vouching to the shipping doc.-Inspection of records. </span>
<span>Assertion: Occurrence, cutoff. </span>
<span>4. Some year-end sales were recorded in the wrong </span>
<span>accounting period. </span>
<span>Procedure: cut off test of billing-test invoices billed subsequent to year end.-Inspection of records </span>
<span>assertion:Completeness, cutoff </span>
<span>5. Several sales were posted for the correct amount but to </span>
<span>the wrong customers in the accounts receivable ledger. </span>
<span>Procedure: Confirmation of billings-Confirmation </span>
<span>Assertion: Occurrence. </span>
<span>6. The allowance for uncollectable accounts was </span>
<span>understated. </span>
<span>Procedures: Test the ratio of allowance to old AR and compare to PY. </span>
<span>-Analytical procedures. </span>
<span>Assertion:Valuation and allocation </span>
<span>7. Several sales were entered and posted at incorrect </span>
<span>amounts. </span>
<span>Procedures: Confirmation of AR. -Confirmation </span>
<span>Assertion: Accuracy and valuation </span>
<span>8. Mathematical errors were made in totaling the accounts </span>
<span>receivable ledger. </span>
<span>Procedures: Foot AR aging.-Recalculation </span>
<span>Assertion: Accuracy and valuation </span>
<span>9. An unrecorded sale at the </span>balance sheet<span> date was </span>
<span>collected in the next month. </span>
<span>Procedure: Post subsequent cash to AR balance at YE. Reperformance. records. </span>
<span>Assertion: Completeness, cutoff. </span>
<span>10. Several fictitious sales were recorded. </span>
<span>Procedure: Confirm customer balance.-Confirmation. </span>
<span>assertion: Occrrence. </span>
<span>11. The pledging of some customer accounts as security for </span>
<span>a loan was not reported in the balance sheet. </span>
<span>Procedure: Review security agreements.-Inspection of record. </span>
<span>Assertion: Occurrence and rights and obligations. </span>
<span>12. Some year-end cash receipts were recorded in the wrong </span>
<span>accounting period. </span>
<span>Procedure: cash cutoff testing.-Inspectionof record. </span>
<span>Assertion: cutoff, occurrence, completeness. </span>
<span />
Answer:
= $147.12
Explanation:
First, we determine the amount received by Mother in 199 9= $100
Based on this,
The Consumer Price Index in 1999 = 166.6
The Consumer Price Index in 2017 = 245.1
We then calculate the amount it would cost in 2017 to buy similar goods bought by mother in 1999
= Value in 2017 = Amount received in 1999 x (2017 CPI / 1999 CPI)
= $100 x (245.1/166.6)
= $100 x 1.471
= $147.12
This means that the baby shower gift received at $100 in 1999 will cost $147.12 to buy in 2017.
