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2 years ago

You have been invited as a student who has studied business ethics

Business

1 answer:

jok3333 [9.3K]2 years ago

4 0

The pros of Sarbanes-Oxley compliant are:

Empowers the Control Environment. .
Boast Documentation.
Boast Audit Committee Involvement, etc.

<h3>What Are the cons of Sarbanes Oxley?</h3>

The cons of this Sarbanes-Oxley compliant are:

There are a lot of Internal Controls to safeguard the financial information of a firm.
A lot of Personnel. .
Too much Regulations, etc.

By arranging this point, one can be able to make a good presentation as a business ethics student.

Learn more about Sarbanes-Oxley compliant from

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Waterway Industries purchased a depreciable asset for $837300 on January 1, 2018. The estimated salvage value is $84000, and the

murzikaleks [220]

Answer:

$222,100

Explanation:

Cost = $837,300

Residual value = $84,000

Useful life = 9 years

Now,

Annual straight line depreciation = $\frac{Cost-Residual Value}{Useful life}$

Annual straight line depreciation = $\frac{837,300 - 84,000}{9}$

Annual straight line depreciation = $\frac{753,300}{9}$

Annual straight line depreciation = $83,700

Accumulated depreciation for three years i.e., 2018, 2019 and 2020 would be:

Accumulated depreciation = 3 × $83,700

Accumulated depreciation = $251,100

Book value (at the end of year 2020) = Cost - Accumulated depreciation

Book value (at the end of year 2020) = $837,300 - $251,100

Book value (at the end of year 2020) = $586,200

Revised useful life = 5 years

No. years asset has been used = 3 years

Remaining useful life = 2 years

Revised salvage value = $142,000

Therefore, depreciation expense for the remaining three year would be:

Revised depreciation expense = $\frac{Book value at the end of 2020 - Revised residual Value}{Remaining useful life}$

Revised depreciation expense = $\frac{586,200 - 142,000}{2}$

Revised depreciation expense = $\frac{444,200}{2}$

Revised depreciation expense = $222,100

5 0

2 years ago

A study has been conducted to determine if one of the departments in MSU Company should be discontinued. The contribution margin

SOVA2 [1]

Answer:

c. decrease by $10,000 per year.

Explanation:

The contributing margin of a business is sales revenue less the variable cost to produce the product

Contributing margin refers to the profit that is free to be used by the business to pay fixed costs and reserve as net profit.

In this scenario if the department is discounted the fixed expense will reduce by $40,000

This implies that the net income will increase by $40,000 if the department is discontinued.

If the department is discontinued income from the department will reduce by $50,000. That is -$50,000

Net income= -50,000 + 40,000= -$10,000

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3 years ago

Item 6 In Year 1, Lee Inc. billed its customers $57,600 for services performed. The company collected $41,200 of the amount bill

katrin [286]

Answer: $57,600

Explanation:

Accounting works by the Accrual basis. What this means is that transactions are recorded in the period they occur not in the period they are paid for.

In the above, Lee Inc. billed its customers $57,600 for services performed during the year. This is a service company and since their revenue comes from billings, this is their revenue for the year.

It does not matter that some of the services have not been paid for, it matters that the services were performed during the year.

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2 years ago

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I think the answer is A

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3 years ago

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Alex777 [14]

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