The Sarbanes-Oxley Act of 2002 was used to curb accounting fraud by improving financial disclosure of corporations, and checking and fixing frauds if they were found.
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<u>Answer:</u>Option 2 limited liability partnership
<u>Explanation:</u>
Limited Liability partnership (LLP) is a hybrid between a corporation and partnership firm. LLP has more than one partner and some partners liabilities are limited as well as protected from other partner's liability. They also do not pay income taxes. The profits and deductions of the company are taken by the partners individually.
The LLP should have minimum two partners and maximum is not a limit. If there is any financial loss for the business it need not be borne by the partners.
Answer:
$48,000
Explanation:
Computation for Brain's cash flows from operating activities
CASH FLOW FROM OPERATING ACTIVITIES
Net income$45,000
Add: Decrease in Account receivable $1,000
($23,000-$22,000)
Add: Increase in Account Payable $2,000
($26,000-$28,000)
Cash flows from operating activities $48,000
Therefore Brain's cash flows from operating activities would be: $48,000
Answer:
positive relationship between consumption and disposable income
Explanation:
The consumption function shows the relationship between consumer spending and disposable income.
the formula used to calculate consumption function is:
C = A + MY
- C = consumer spending
- A = autonomous spending
- M = MPC or marginal propensity to consume
- Y = disposable income
The consumption function has a upward slope since the relationship between consumer spending and disposable income is always positive, i.e. the more disposable income you have, the more you will consume.
Answer:
Business objectives are something which a business organisation wants to achieve or accomplish over a specified period of time. These may be to earn profit for its growth and development, to provide quality goods to its customers, to protect the environment, etc.
