______________________________ review the acquisition cycle and assess if and how internal controls have been impacted
Fill in the blank(s) with correct word
External auditors
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Zack Peyton borrowed $398,000 from Fifth First Bank to purchase a new home. Zack gave First Bank a mortgage on his home. The mortgage was recorded on January 3, 2014. Zack had made a down payment of $42,000. When Zack moved in, he purchased an in-ground swimming pool from Paddock Pools for $35,000. Zack paid Paddock $4,000 and Paddock financed the remaining amount for him, recording a mortgage
for $29,000 on February 26, 2014. Zack needed window coverings, landscape, and some new furniture. Wells Fargo gave Zack a $150,000 home equity line of credit, secured by a mortgage on Zack's home for $150,000. Wells Fargo recorded the home equity credit line mortgage on February 1, 2014. Zack, because of a bonus at work, did not draw on the line of credit until June 10, 2015, using $25,000. The economy went south somewhere around September 2015. The value of Zack's home dropped by almost 50%. Zack lost his job. He could no longer make his payments. Fifth First Bank served Zack with a notice of foreclosure on November 1, 2015. ?With respect to the mortgage loan from Fifth First Bank: A)?Zack is the mortgagor. B)?Zack is the mortgagee. C)?Fifth First Bank is the mortgagor. D)?None of the above
The yield to maturity for a one-year discount bond equals
A) the increase in price over the year, divided by the initial price. B) the increase in price over the year, divided by the face value. C) the increase in price over the year, divided by the interest rate. D) none of the above.
Which of the following is true of the risk involved in buying an existing business facing bankruptcy?
A. Customers usually boycott the new owner due to their loyalty to the previous owner. B. It requires certain legal procedures and court appeals to layoff the existing pool of employees under any conditions. C. The creditors of the previous owner ask for personal guarantee from a potential buyer and place his or her personal assets at risk. D. It takes special knowledge and skills to conduct an effective turnaround.
The GAP model helps managers analyze goods and services and the processes that make and deliver them to identify and close the largest gaps and improve performance
Indicate whether the statement is true or false