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You are an auditor and are examining the client's financial statements, you know with certainty that the client will use the financial statements to apply for a loan to the bank with a guarantee of fixed assets in the form of land and buildings. Materiality is set at 5%, after you have done the audit process there are found misstatements on land and buildings and after counting it turns out the misstatement is 3%. However, because you know that banks as users of financial statements will be concerned about the assets of land and buildings that will be used as collateral, then you consider these findings as material.
Question 1: Explain the concept of materiality in this case!
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
Accounting problems, Draw a detailed timeline incorporating the dividends, calculate the exact Payback Period b) the discounted Payback Period. the IRR, the NPV, the Profitability Index.
Term Structure of Interest Rates
Write a report on Internal Controls
Prepare the bank reconciliation for company.
Create a cost-benefit analysis to evaluate the project
Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR
Distinguish between liquidity and profitability.
Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.
Simple Interest, Compound interest, discount rate, force of interest, AV, PV
CAPM and Venture Capital
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