supporting evidence for the transactions that had taken place to make sure that fraud has not occurred. Human resource is handling personnel issues such vacations, conducting background checks and issuing bond personnel for the individuals who handle cash. All of these internal control principals are important to protect the company’s assets, increase the effectiveness of the operations and ensure compliance with laws and regulations. These controls also heighten the accuracy and reliability of accounting
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at the onset of the loan for 120days. 20,264 -14,000= 6,264 Question 3 (5 points) 3. You need $400 badly, and decide to write a check at a check cashing place to get that money. Assuming you much write the check for $500 to get the $400 in cash, and the check will be cashed in 2 weeks, what simple interest rate did you just pay? Assume 52 weeks in a year for this problem
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Simple Interest Unit 4: Instructor Graded Assignment In these questions, you will need to use the date that unit 4 starts for your class. List the date that Unit 4 started for your class: * Unit 4 start date: May 7, 2014 Question 1 1. You decide to take out a simple interest loan for $5000, at 7% yearly interest on the date that unit 4 starts for you. If you repay the loan on December 31st (at the end of the current year)... a) How much do you pay total when you pay off the
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as collateral. Given the this leverage in combination with relatively high coupon rates, debt service became problematic * Structuring debt based on collateral shares instead of others assets and cash flows makes a company highly dependent of debt providers in case of a covenant breach * Cash flow in a declining market is used for investments instead of deleveraging. Through SkyBox acquisition additional debt was taken on. Besides that,
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off is a situation that involves losing one quality or aspect of something in return for gaining another quality or aspect. so it’s mean that if the net baht-denominated cash flows converted to pounds today, they will not be concerned about any future depreciation of the baht that would result in less pound cash flows. If the cash flows generated in Thailand are all used to support UK operations, then Blades will have to borrow additional funds in the UK at an interest rate of 10%. For example
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Case Study 9-55 CASH BUDGET 1. We began by determining how much money is being made and also how much money will be available for spending and etc., which results in $21, 360. To come up with this number look at the chart below: The calculations that were used to determine how much cash is collected:| |Average Fee ($)|Quantity|Formula used:|Equals =| Fillings|50|90|$50 x 90|$4500| Crowns|300|19|$300 x 19|$5700| Root Canals|170|8|$170 x 8|$1360| Bridges|500|7|$500 x 7|$3500| Extractions|45|30|$45
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EFB210: FINANCE 1, 2012 S1 Assignment: Part A, Financial Mathematics and Security Valuation _______________________________________________________________________________________ General Information Marks: 10 Weight: 10% Format: Short Answer with workings File Type: Excel (.xlsx or .xls) Due: 29 March 2012 Upload soft copy of your Excel file to Blackboard under Assessment on or prior to the due date. Assignments submitted after the due date (late assignments) cannot be
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of the supplies and pays for these purchases. He also receives the checks and completes the monthly bank reconciliation. The accountant is so busy that the company handles petty cash a bit differently. All employees have access to the petty cash in a desk drawer and are asked to only place a note if they use any of the cash. The accountant has recently startedusing pre-numbered invoices and wants to buy an indelible ink machine to print their checks. The President is waiting to hear from you if this
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Internal Controls Under Sox, all publicly traded corporations are required to maintain an adequate system of internal controls. It is recommended that LJB being a relatively small sized company in terms of its employees should reevaluate the costs versus benefits of being a public traded company. It LJB decided to issue stock; they will need to determine how many shares of stock should be sold and the value that should be assigned to the stock. With the internal controls that need to be placed
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of the supplies and pays for these purchases. He also receives the checks and completes the monthly bank reconciliation. The accountant is so busy that the company handles petty cash a bit differently. All employees have access to the petty cash in a desk drawer and are asked to only place a note if they use any of the cash. The accountant has recently started using pre-numbered invoices and wants to buy an indelible ink machine to print their checks. The President is waiting to hear from you if
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