Answer:
The answer is stated below:
Explanation:
If the SEC and the AICPA, worked altogether in order to share the information, they might have detected the fraud prior. The case states that the Madoff Securities does not required to submit the peer review program to AICPA as Friehling, had recorded that he did not perform or conduct any audits.
Recommendation
1. The policy execution for the exchange of the information among the two firms would be useful to detect the fraud.
2. The PCAOB should spend more resources an attending the hotline of whistle blowing through executing the policies which need certain complaints to be addressed effectively.
3. The firms or company should have done more in order to verify the financial statements assertions, which surrounds the investments. The PCAOB need to execute the policy that require the companies (such as Madoff Securities) to correctly answer the inquiries of the auditor.
Answer:
D
Explanation:
Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Flying Car
Cash flow in year 0 = -$200,000
Cash flow in year 1 = 50,000
Cash flow in year 2 = 50,000
Cash flow in year 3 =80,000
Cash flow in year 4 =100,000
IRR = 13%
To find the IRR using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
There are different kinds of cost incurred in business. Depreciation of equipment is an example of sunk cost.
- Sunk cost is a financial term for a cost that has been incurred and one cannot recover again. This type of costs are taken as bygone and are not taken into consideration when making decisions.
They are money that has been spent and one cannot get back again. Example is Depreciation, amortization, and impairments.
Lean more about Sunk costs from
brainly.com/question/16524308
It is known as PRODUCER SURPLUS. Producer surplus is a measure of the difference between the amount of money a producer of a good receives and the lowest amount the producer is willing to accept for the good. The difference, which is the surplus amount is the benefit of the producer for selling the good.
