Answer:
Sarbanes Oxley act of 2002 is law of United States passed on 30th July 2002. This act helps to protect investor from fraudulent financial reporting by organizations. The act requires all companies to include report on their internal controls in the Financial reports.
Explanation:
The section 302 of the act directs the Securities and Exchange Commission to adopt rules to adopt financial officer who certify company's annual, interim and quarterly financial reports. The main purpose is to minimize any chance of intentional frauds or deceive investors. The officers review financial reports of the company and certify that these reports does not cover any significant wrong statement, Financial statements of the company are fairly presented based on the knowledge of the officer. He is also responsible to review the report of internal controls of the company to ensure that there is no weakness in controls which can lead to frauds in the organization.
Answer: D. $600 included in Ned's medical expenses
Explanation:
The amount that Ned can include in his itemized deductions will be the $600 that's included in Ned's medical expenses.
It should be noted that the medical expenses will be under the itemized deductions. On the other hand, the other options will be under the miscellaneous itemized deductions. Therefore, the correct option is D.
Answer:
$143137.25
Explanation:
Given that:
The annual gross income = $54000
The monthly gross income = $54000/12
= $4500
Using the PITI guideline, a mandatory expense of 38% of monthly income is applied.
So;
Expense = $4500 × 38% = $1710
Additional Monthly debt = $810
Cost of Prop. Taxes and H.O insurance = $170
Monthly Balance left = $1710 - $(810 + 170) = $730
Mortgage payment factor = 6.00
Monthly mortgage payment = 
= $121666.67
Affordable home purchase price = 
= $143137.25
Answer:
Entrepreneurship plays an influential role in the economic growth and standard of living of a society. As a startup founder or small business owner, you may think that you are simply working hard to build your own business and provide for yourself and your family.
Answer:
E) BEP (units) does not change
Explanation:
Use the following formula to calculate Break-even point in units:
BEP (units) = Fixed cost / (unit selling price - unit variable costs)
1) BEP (Units) before the change in costs is:
BEP (units) = 720000 / (30 -18) = 60,000 units
2) BEP (Units) after the change in costs is:
BEP (units) = 900000 / (30-15) = 60000units
--> BEP (units) does not change
