purpose of FA

Q: A student puts $10,000 in a savings account that pays 16% annual interest, compounded quarterly.…

A: Amount put in savings bank = $ 10,000 Interest Rate(r) = 16% compounded quarterly = 16/4 = 4% Total…

Q: What is this?

A: Inventory valuation can be done under different methods like FIFO,LIFO, Weighted Average.To…

Q: 3.Find the value of a 15 % coupon 3 year maturity bond, whose face value will be repaid at the end…

A: A bond is a fixed-rate debt security that provides funds to the company for a certain maturity…

Q: What is the

A: Vertical analysis: The comparison of an item of a financial statement against the total amount of…

Q: What are the scopes of the IPSASs?

A: Financial Accounting- It is the branch of accounting that records events of financial nature that…

Q: What does PFMA stand for?

A: Solution- PFMS [Public Financial Management System] PFMS stands for Public financial Management…

Q: What is the purpose of EDI?

A: Electronic data interchange: The expansion of EDI is Electronic Data Interchange and it allows the…

Q: 1.A father is investing 1000 t, every 6 months into a life insurance account for his son. According…

A: Using Future value in excel

Q: What is internalization?

A: Internalization: It happens when an individual directs an exchange itself, as opposed to sending it…

Q: Which of the following equations is equal to the intrinsic value of a 14 % coupon rate 3 years…

A: Coupon Rate = 14% Years= 3 Intrinsic Value of Bond = PVAF( Interest rate,3) * 140  + Face Value…

Q: What’s the AMT, and what is its purpose?

A: The main purpose of AMT is to set a limitation on the tax payers who may be making use of the excess…

Q: What are the functions of the PCAOB?

A: Introduction PCAOB stands for Public Company Accounting Oversight Board. This is a private…

Q: what is AJEs?

A: AJEs stands for Adjusting journal entries.

Q: 2. Roberta has the following information to evaluate: her current salary of $75,000 versus total…

A: Revenue = $ 130,000 Expenses = $ 80,000

Q: What is EBITDA?

A: EBITDA is a metric which is used to measure the company's profitability. Though there is no legal…

Q: Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $22,000.…

A: Annual depreciation = (Cost - salvage value)/useful life       = (22,000 - 2,000)/5       = 4,000

Q: What is a CMO?

A: A collateralize mortgage obligation (CMO) refers to a type of mortgage-backed security that contains…

Q: Cusic Music Company is considering the sale of a new sound board used in recording studios. The new…

A: Operating cash flow is helpful in measuring the amount of cash generated from the business…

Q: A reasonably good model for stock prices / asset values dS = µSdt+oSdz or ds S where is the expected…

A: GBM ( Geometric Brownian Motion) : It is a continuous-time stochastic process in which the logarithm…

Q: 2. An investor purchased a 4 year maturity 13 % coupon bond at 960 t and sold it for 1100 t 2 years…

A: Yield to the investor is the interest earned on the bond and the price e gets after selling the…

Q: v Question Completion Status: A student puts $10,000 in a savings account that pays 16% annual…

A: Because you have posted multiple questions, we will answer the first question only, for the…

Q: 4. Find the value of a coupon 4 year maturity bond, whose face value will be paid in equal…

A: In this question one has to find the future value of the coupon of a bond. also face value is not…

Q: David and Lilly Fernandez have determined their tax liability on their joint tax re have made…

A: Solution:   Description Amount (1) Total Tax $1,500 (2) less: Prepayments (2,140) (3) less:…

Q: What is COSO? What is the PCAOB?  Why are they important?

A: Committee of Sponsoring Organizations of the Tread way Commission (COSO) is an organization formed…

Q: RTN: What is its significance?

A: RTN is an abbreviation of Routing Transit Number, which is very important aspect in the banking as…