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KatRina [158]
1 year ago
12

According to the sarbanes-oxley act, who is responsible for the corporation's financial statements?

Business
1 answer:
CaHeK987 [17]1 year ago
5 0

According to the Sarbanes-Oxley act, auditors is responsible for the corporation's financial statements.

The 2002 Sarbanes-Oxley Act imposes strict penalties for corporate fraud. To regulate the accounting sector, it established the Public Company Accounting Oversight Board. It prohibited business loans to executives and provided job protection for informants.

The Act improves the corporate boards' financial savvy and independence. It holds CEOs liable for any faults found during accounting audits.

The Act is named for its sponsors, Congressman Michael Oxley of Ohio and Senator Paul Sarbanes of Maryland. Additionally known as "Sarbox" or "SOX," The law was enacted on July 30, 2002. It is enforced by the Securities and Exchange Commission (SEC).

To learn more about Sarbanes-Oxley Act here

brainly.com/question/4254567

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Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8%. The date of the loan was September 20. Janet hoped to repa
coldgirl [10]

Answer:

The interest is $189.78

Explanation:

The computation of the interest on January 20 is shown below:

= Principal × interest rate × number of days ÷ total number of days in a year

= $7,000 × 8% × 122 days ÷ 360 days

= $7,000 × 8% × 0.338

= $189.78

The 122 days are calculated below:

September - 10 days

October - 31 days

November - 30 days

December - 31 days

January  - 20 days

Total    - 122 days

And we assume the 360 days in a year

8 0
3 years ago
The differences between Golden Harvest brand canning jars and Mason brand canning jars is not readily visible. Both are made of
Finger [1]

<u>Full question:</u>

The differences between Golden Harvest brand canning jars and Mason brand canning jars is not readily visible. Both are made of heavy glass that will not break easily. Through its advertising, Golden Harvest advertises that its jars are made with a glass that is 100 percent free of all impurities. In this way, Golden Harvest is using _____ to differentiate its product from those of the Mason brand.

A. hidden difference

B. differentiation cue

C. imperceptible difference

D. sensory cue

E. Perception filter

<u>Answer:</u>

In this way, Golden Harvest is using hidden difference to differentiate its product from those of the Mason brand.

<h3><u>Explanation:</u></h3>

Advertising is the usual means of obtaining a good and service perceived to a public. Hidden differences are the ones where the customers don't know what these variations are so that's why they have to be advertised. Hidden differences are not easily manifest.

Product differentiation is a purchasing plan that aims to recognize a company's goods from the opponent. Auspicious product differentiation includes recognizing and expressing the individual features of a company's presents while highlighting the clear differences among those offerings and others on the market.

3 0
3 years ago
Using both the supply and demand for bonds and liquidity preference framework, show how interest rate are affected when the risk
nignag [31]

Answer:

Yes, the results are the same in both frameworks. Please see below for explanation.

Explanation:

With regards to the bond supply and demand framework, people will look to buy more bonds since they are more wealthy now. Hence, the supply of bonds will increase. The supply curve and the demand curve will both move to the right, with the former shifting more than the latter. The equilibrium interest rate will increase.

With regards to the liquidity preference framework, once the economy experiences a positive shift, there will also be an increase in the demand for money. People will make an increased number of transactions as well and hence, the demand curve will move towards the right. The equilibrium interest rate will rise too.

4 0
2 years ago
Job #335 requires work in the following departments: Machining: 4 hours (all automated) Sanding: 1 hour (all direct labor) Paint
xz_007 [3.2K]

Answer:

$72

Explanation:

For computation of overhead is allocated to the job first we need to find out the each department of manufacturing overhead allocated which is shown below:-

Manufacturing overhead allocated for Machining = Machine hours × Departmental overhead rate

= 4 × $15

= $60

Manufacturing overhead allocated for Sanding = Machine hours × Departmental overhead rate

= 1 × $6

= $6

Manufacturing overhead allocated for Painting = Machine hours × Departmental overhead rate

= 2 × $3

= $6

So, Total overhead is allocated to the job = Manufacturing overhead allocated for Machining + Manufacturing overhead allocated for Sanding + Manufacturing overhead allocated for Painting

= $60 + $6 + $6

= $72

7 0
3 years ago
Market structure depends upon:______.
Arisa [49]

Answer:

d

Explanation:

market structure depends upon the ease of entry and exit, the number of firms in the market, the ability to differentiate their goods and services, easy transfer of the factors of production etc.

3 0
3 years ago
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