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Finance

1.Use the information for the question(s) below. 2 years ago, you purchased a new SUV. You financed your SUV for 72 months (with payments made at the end of the month) with a loan at 3% APR (with monthly compounding). Your monthly payments are $500, and you have just made your 24th monthly payment on your SUV. The amount of your original loan (2 years ago) is closest to: $29,618 $22,589 $32,908 $26,327 $23,036.

2.The provision for loan and lease losses: A. is another name for a bank's burden. B. are the realized losses from the previous accounting period. Crepresents management's estimate of potential lost revenue from bad loans. D.does not affect net income. E determined by the Federal Reserve for all banks.

3.Analyze the steps audit committe can take to facilitate proper oversight and direction of internal auditors?

subject: Internal Auditing

please answer in detail.

4.Using the following information please to answer the question below.

You are reviewing your clients (Based in United Kingdom) hedging strategy for the cash flows it expects to obtain from sales in the US during the calendar year 2019.

Revenue: $90,000

Cost of sales: £54,000 (Expenses are billed in GBP)

Exchange Rate Bid Ask

Spot rate (Scenario 1) Bid: $1.45/£ Ask: $1.465/£

Spot rate (Scenario 2) Bid:$0.88/£ Ask: $0.9/£

Options contact:

Option Premium £0.025

Option Strike price £0.922 What are your client's profits if you hedged using options contracts in scenario 1 and 2 compared to not hedging?

Option 1

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