1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mamaluj [8]
1 year ago
11

The Sarbanes-Oxley Act in 2002 was created to protect consumers against false advertising by monopolies.

Business
1 answer:
Igoryamba1 year ago
3 0

The statement "The Sarbanes-Oxley Act in 2002 was created to protect consumers against false advertising by monopolies." is false.

Sarbanes-Oxley Act placed the obligation of responsibility for a company's financial reporting squarely on the shoulders of its top executives in order to safeguard investors from corporate accounting fraud.

It required chief executive officers (CEOs) and chief financial officers (CFOs) to personally attest to the correctness of the information in financial reports and to affirm that controls and procedures were in place to evaluate and verify that accuracy.

In reality, CEOs and CFOs had to personally certify that financial reports complied with Securities and Exchange Commission(SEC) rules by signing them. Failure to comply with this might result in fines of up to $15 million and 20-year prison terms.

Hence, the given statement is false.

Learn more about the Securities and Exchange Commission:

brainly.com/question/3798508

#SPJ1

You might be interested in
Data Recovery Systems (DRS) has a degree of operating leverage (DOL) equal to 3.2x and a degree of total leverage (DTL) equal to
Anna71 [15]

Answer:

The DRS's EBIT will be $205,920.

Explanation:

Degree of operating leverage measures how EBIT will change with change in sales

Degree of operating leverage (DOL) = % change in EBIT / % change in sales

In our case, DOL = 3.2x

Sales forecast = $300,000

Actual sales = $313,500

% change in sales = (Actual sales - forecast )/ forecast = (313,500 - 300,000) / 300,000

                              = 4.5%

EBIT forecast = $180,000

Now putting everything in DOL formula

3.2 = % change in EBIT / % change in sales = % change in EBIT / 4.5

% change in EBIT = 3.2 * 4.5

                             = 14.4%

Actual EBIT = Forecast *(1 + % change)

                    = 180,000*(1 + 0.014)

                    = $205,920

Therefore, The DRS's EBIT will be $205,920.

4 0
3 years ago
A disclosed principal is a principal whose identity is known by a third party with whom an agent contracts on the principal's be
Sedaia [141]

Answer: The correct answer is true.

Explanation: A disclosed principal is a principal whose identity is known by a third party with whom an agent contracts on the principals behalf, making this statement true.

7 0
3 years ago
Brickhouse is expected to pay a dividend of $3.00 and $2.40 over the next two years, respectively. After that, the company is ex
Damm [24]

Answer:

$31.9211

Explanation:

We discount the future two year dividends at the required rate of return

and solve for the present value of the infinite series of dividends growing at 3.6% with the dividend grow model:

\frac{D_1}{r-g} =PV

\frac{2.4 (1.036)}{0.11-0.036} = PV

PV 33.6

Then we discount this by the two years ahead of time these cashflow start and add them to get the PV of the stock which is their intrinsic market value

\left[\begin{array}{ccc}Year&cashflow&PV\\&&\\1&3&2.7027\\2&2.4&1.9479\\2&33.6&27.2705\\&TOTAL&31.9211\\\end{array}\right]

6 0
3 years ago
Bond co. is using the target cost approach on a new product. information gathered so far reveals: expected annual sales 400,000
Bezzdna [24]

<span>The target selling price per unit is $0.77, According the accounting books I have search,using this solution: ($168,000 divided by 400,000) + $0.35= $0.77.Target costing is an approach in most company to know a product’s life cycle cost in which it is sufficient to develop specified functionality and quality.</span>

5 0
3 years ago
Some economists advocate a ____________ on the consumption of such products as gasoline, liquor, cigarettes, and even soda pop,
Eduardwww [97]

Answer:

The correct answer is Sin tax.

Explanation:

A sin tax is a state-sponsored tax that is added to products or services that are considered vices, such as alcohol, tobacco and gambling. These types of taxes are collected by governments to deter individuals from participating in such activities without making the use of the products illegal. These taxes also constitute a source of revenue for the government.

4 0
3 years ago
Other questions:
  • In terms of usage, about ____________ of all energy in the U.S. is consumed by the transportation sector, ____________ by indust
    15·1 answer
  • A person's low score on the _____ component of the Big Five personality model is closely associated with the fact that he or she
    8·1 answer
  • Four Seasons Hotels sell private residences in several of their properties and send direct mail to prospective residents asking
    10·1 answer
  • The collection of money from a group of investors used to buy different investments is a ___
    9·1 answer
  • Home expenses can be divided into which two categories
    6·2 answers
  • _____ mirrors the Civil Rights Act in terms of outlawing discrimination, but also requires federal contractors and subcontractor
    9·1 answer
  • A government may ________ its currency to correct its balance-of-payment conditions
    11·2 answers
  • F ZMW 51,000 cash is paid to buy land, the land is reported on the buyer's balance sheet at ZMW 51,000.
    13·1 answer
  • The model on the right looks bumpy, but when you break a large salt crystal in two, the edges of the split often look straight a
    13·1 answer
  • Shaun oversees the marketing and sales activities for a company that sells products through its website. his job title is best d
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!