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3 years ago

Under section 404 of the sarbanes oxley act auditors are required to

1 answer:

6 0

Basically, the Sarbanes Oxley Act was not a single Act, but a series of Acts that were designed to expand starting requirements for companies such as firms and overall businesses. Section 404 is one of the Acts that are specifically set on the company's control on their financial reports made. As a result, internal management or more commonly known as the Internal Affairs program of a company must provide a detailed and clear-written (straight-to-the-point) report on the company's structure (how they do things) and creating, or establishing, a set of procedures on how they plan to report their financial status.

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Stephanie’s company uses a job order cost system. Stephanie just made a $15,000 debit to the Work in Process Inventory account f

serious [3.7K]

Answer:

B. Posting a $15,000 increase in Direct Materials to the job cost sheet for job 1074

Explanation:

According to the given situation, Materials account of the specific work will be debited as costs are allocated to Jobs. Assigning those costs to operate would reduce the balance of inventories.

Therefore from the above explanation the correct answer is b as it has been posted $15,000 which is rising the direct material to the job cost sheet for job 1074.

6 0

3 years ago

As part of her retirement planning, Mrs. Campbell purchases an annuity that pays compounded quarterly. If the quarterly payment

melisa1 [442]

Answer: $88289.8

Explanation:

Here's the complete question:

As part of her retirement planning, Mrs. Campbell purchases an annuity that pays 9.5% compounded quarterly. If the quarterly payment is $3,500, how much will Mrs. Campbell have saved in 5 years?

The future value of an annuity will be calculated using the formula:

= A((1+r)^n)-1)/r

Where,

A = the annuity payment = 3500

r = the interest rate = 9.5% compounded quarterly = 9.5% / 4 = 0.095 / 4 = 0.2375

n = the number of time periods = 4 × 5 = 20

We then substitute the values and we will get:

= A((1+r)^n)-1)/r

= 3000 × (1.02375^20-1) / 0.02375

= $88289.8

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3 years ago

Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $217,200 of raw materials on credit

sukhopar [10]

Answer:

The cost of product transferred to Finished Goods Inventory is $450,100

Explanation:

The computation of the cost of the product transferred to Finished Goods Inventory is shown below:

= Beginning Work in Process Inventory + direct material + direct factory payroll + overhead cost - Ending Work in Process Inventory

where,

Direct material = Total material - indirect material

= $211,000 - $34,800

= $176,200

Direct factory payroll = Total factory payroll - indirect labor

= $159,600 - $44,800

= $114,800

Overhead cost = 150% of direct labor cost

= 150% × $114,800

= $172,200

The other items values would remain the same

Now put these values to the above formula

So, the value would equal to

= $17,100 + $176,200 + $114,800 + $172,200 - $30,200

= $450,100

7 0

3 years ago

Carolyn is a very likable employee. Recently, her boss rated her at the highest level in all areas of performance, even though i

noname [10]

Answer:

The correct answer is letter "E": halo.

Explanation:

The halo perceptual error is a tendency to generalize every aspect of a given object merely on the basis of one or two aspects of the same object. The consequence of the experience is positive but it takes the <em>horn perceptual effect</em> name when it is negative.

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3 years ago

The person who writes a will is called the _______. testator attorney probater estate planner

Roman55 [17]

The person who writes a will is called the _______. testator attorney probater estate planner

TESTATOR

8 0

3 years ago