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1 year ago

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

1 answer:

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:

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IKEA advertises throughout the year, but significantly increases its advertising during the back-to-school time frame, thus impl

wel

Answer:

Pulsing

Explanation:

Pulsing is the combination of flighting and persistent booking by utilizing a low promoting level lasting through the year and substantial publicizing during top selling periods.

Product classes that are sold all year yet experience a flood in deals at irregular periods are great possibility for beating.

8 0

2 years ago

Suppose that the term structure is currently flat so that bonds of all maturities have yields to maturity of 10%. Currently a 5-

laila [671]

Answer:

Explanation:

a) PV=$1000

As price is equal to face value then the Coupon rate will be equal to its YTM, 10%.

Annual Coupons = 10% * 1000 = $100

b.) We have purchased the bond for $1000, so our investment is $1000

At the end of the year 1, we get a coupon of $100 and the selling price.

1st CASE - When monetary policy is tight.

New YTM = 12%

Time left to maturity (n) = 4 years

Coupon payment = $100

Price = Coupon payment X PVAF(YTM, n) + Face Value X PVF(YTM, n)

[USE TABLES or Financial calculator]

Price = 100 X PVAF(12%, 4) + 1000 X PVF(12%, 4) = 100 X 3.307 + 1000 X .636 = 303.7 + 636 = $939.7

If we sell the bond, Return = (Coupon Received + Selling price - Purchase price ) \div Purchase price

= (100 + 939.7 - 1000) \div 1000 = .0397 or 3.97%

Scenario 2 - When monetory policy is loose

New YTM = 8%

Time left to maturity (n) = 4 years

Coupon payment = $100

Therefore, Price = Coupon payment X PVAF(YTM, n) + Face Value X PVF(YTM, n)

Price = 100 X PVAF(8%, 4) + 1000 X PVF(8%, 4) = 100 X 3.312 + 1000 X .735 = 331.2 + 735 = $1066.2

If we sell the bond, Return = (Coupon Received + Selling price - Purchase price ) \div Purchase price

= (100 + 1066.2 - 1000) \div 1000 = .1662 or 16.62%

4 0

3 years ago

If a company reorganizes its operation to gain efficiency, the cost associated with this reorganization is classified as

ivanzaharov [21]

Answer: Restructuring cost

Explanation:

Restructuring cost could be described as making expenses on rejuvenating or reviving or rebranding the company through spendings, which affects most of it's mode of operations, brings a change and innovation and ways to improve existing methods. This is capital intensive due to the work and changes required during the process.

8 0

3 years ago

A customer has purchased 1,000 shares of ABC stock at $44 per share, paying a commission of $1.00 per share for the transaction.

Sonbull [250]

Answer:

Option D) 1,200 shares held at a cost basis of $37.50 per share

Explanation:

Data provided in the question:

Number of shares of ABC stocks purchased by the customer = 1,000

Price per share of ABC stock = $44

Commission paid = $1.00 per share

Stock dividend declared = 20%

Now,

The Payment of a stock dividend will increase the number of shares held by the investor

also,

each share is theoretically worth less after the stock dividend is paid.

Therefore,

The number of shares customer will have = Shares purchased × (1 + Dividend declared)

= 1000 × ( 1 + 0.20)

= 1200 shares

Also,

Cost basis for the share = Selling price + Commission

= $44 + $1

= $45

Thus,

The adjusted cost basis = $45 ÷ 1.20

= $37.50 per share

Hence,

Option D) 1,200 shares held at a cost basis of $37.50 per share

3 0

3 years ago

To remain efficient and effective, workflow must follow a certain_____ within each department's function

anygoal [31]

To remain efficient and effective, the workflow must follow a certain process flow chart within each department's function.

This is because a process flow chart is a pictorial representation of how each step of a process will be carried out one after the other.

Each step is represented with the actions to be carried out, including the decision.

Usually, a process flow chart is depicted with a shape and line arrow to show the direction from one step to another.

Hence, in this case, it is concluded that to remain efficient and effective, the workflow must follow a certain process flow chart within each department's function.

Learn more here: brainly.com/question/20304492

3 0

2 years ago