Answer:
First of all, an auditor must be skeptical about the information that he/she is gathering and analyzing. They should try to get as much audit evidence as they can in order to form an opinion. But an auditor can also reasonably assure that there are no material misstatements, either intentional or not intentional.
Most auditor procedures are intended to discover unintentional misstatements, but intentional misstatements are very hard to discover because more than one individual (or even a very large group) might have colluded in order to conceal them. The auditor gets his information from the controller, internal auditor, and other people within the organization, but what if they all colluded in order to conceal their bad actions.
E.g. an auditor should check for shipping receipts to be complete, accurate and in order, but he/she relies on information given by the same people that he/she is evaluating. The auditor can conclude that the shipping reports are complete, but he/she cannot state that they are true and valid because he/she wasn't there.
Answer:
1. Investment in X = $6900
2. Investment in Y = $3,100
Explanation:
Since the total weight of a portfolio must equal 1 (100%), the weight of Stock Y mustbe one minus the weight of Stock X. Mathematically speaking, this means:
E(RP) = .1085 = .115wX + .094(1 – wX)
.1085 = .115wX + .094 – .094wX
.0145 = .021wX
wX = 0.69
So, the dollar amount invested in Stock X is the weight of Stock X times the total portfolio value, or:
Investment in X = 0.69 ($10,000) = $6,900
And the dollar amount invested in Stock Y is:
Investment in Y = (1 – 0.69)($10,000) = $3,100
Answer:
principal = $4864
interest. = $32.42
Total payment. = $4896.42
Making your project// company important fo the society and other business.
Answer:
$109,983.67
Explanation:
=(1+r) x P [1 - (1+r)^-n(raise to power-n) /r]
= (1+0.6) x 2,154 (1-(1+0.06)^-11 / 0.06
= 2283.240 (1-(-1.89)/0.06
= 2283.240 (2.89/0.06)
=2283.240 (48.17)
=$109,983.67
