Smile Industries capital structure consists of $1,000,000 of debt at 6 percent interest and 1,500,000 of stockholders equity at 2 percent. The proportion of Debt in the total capital structure is

Which element in inventory computation is most likely to lead to fraud ?

a. Beginning Inventory. b. Purchases. c. Cost of Goods Sold. d. Ending Inventory.

Which of the following is true of the 99.9% value at risk?

A. There is 1 chance in 10 that the loss will be greater than the value of risk B. There is 1 chance in 100 that the loss will be greater than the value of risk C. There is 1 chance in 1000 that the loss will be greater than the value of risk D. None of the above