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NEW QUESTION: 1
Which of the following audit steps would be most effective to review proper recording of and accountability over physical assets?
I. Physically inspect all assets on the organization's property.
II. Select a sample department and physically inspect assets in the department.
III. Select a sample from the organization's records of physical assets and physically locate each asset.
IV.
Identify assets at a sample of locations and trace to the organization's records.
A. I only
B. II and III only
C. III and IV only
D. I and IV only
Answer: C

NEW QUESTION: 2
The Global Advertising Company had net income after interest but before taxes of $40,000 this year. The marginal tax rate is 40 percent, and the dividend payout ratio is 30 percent. The company can raise debt at a 12 percent interest rate. The last dividend paid by Global was $0.90. Global's common stock is selling for
$8.59 per share, and its expected growth rate in earnings and dividends is 5 percent. If Global issues new common stock, the flotation cost incurred will be 10 percent. Global plans to finance all capital expenditures with 30 percent debt and 70 percent equity. What is the cost of common equity raised by selling new stock?
A. 9.66%
B. 16.00%
C. 17.22%
D. 12.22%
E. 10.33%
Answer: C
Explanation:
Explanation/Reference:
Explanation:
k(e) (component cost of external equity) = $.945/$8.59 (1-.10) + 0.05 = 0.1722 = 17.22%.

NEW QUESTION: 3


Answer:
Explanation:

Explanation

Scenario: Relecloud identifies the following requirements for extract, transformation, and load (ETL): An email alert must be generated when a failure of any type occurs during ETL processing.