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zloy xaker [14]
4 years ago
7

Enrico is a CPA for a large company. Recently, he noticed that the company's accounting records significantly overstated the amo

unt of inventory on hand. This led to an overstatement of the assets the company holds. Initially, he brought it to the attention of his supervisor, but when nothing was done to correct the mistake in a timely manner, he decided the best course of action was to report it to the appropriate government official. Although his actions took him outside the company, Enrico was counting on current law, under the ____________, to protect him against company retaliation.
Business
1 answer:
saveliy_v [14]4 years ago
6 0

Answer:

The correct answer is Sarbanes-Oxley Act.

Explanation:

The Sarbanes-Oxley Act is a federal law of the United States that has generated a lot of controversy, since this Law is in response to the financial scandals of some large corporations, including cases that affect Enron, Tyco International, WorldCom and Peregrine Systems. These scandals brought down public confidence in accounting and auditing systems.

The Law takes the name of Senator Paul Sarbanes (Democrat) and Congressman Michael G. Oxley (Republican), and was approved by a large majority, both in Congress and the Senate. The legislation covers and sets new standards for the board of directors and management and accounting mechanisms of all publicly traded companies in the United States. It introduces criminal responsibilities for the board of directors and establishes some requirements on the part of the SEC (Securities and Exchanges Commission), that is, the regulatory commission of the United States stock market.

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Over the last week, you had 50 customers who bought a total of 40 hotdogs at $2.00, 10 grilled cheeses at $4.00, and 5 cheesebur
kobusy [5.1K]

$3.20

Take the total sales divided by total customers.

Sales of hotdogs 40* $2 = $80

of grilled cheese 10* $5 = $50

of cheeseburgers 5 * $6 = $30

Total sales $160/50 customer = $3.20/per customer

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3 years ago
Al’s Fine Winery has had workers attempting to band together to form a union. Al’s wants to avoid letting the workers gain too m
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Yellow dog contracts

Explanation:

Yellow dog contracts are given by employers in which they and the new hirees agree that employees would not engage unions activity under the company's payroll. It attempt to avoid the formation of labor unions so the organizations only will have the power in employee decisions

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3 years ago
What is politics,detailed answer brainley
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Politics is the set of activities that are associated with making decisions in groups, or other forms of power relations between individuals, such as the distribution of resources or status.

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3 years ago
If Analog Computers can borrow at 8% annually for three years, what is the effective rate of interest on a $1,000,000 loan where
tankabanditka [31]

Answer:

effective interest rat = 0.094 or 9.41%

Explanation:

effective rate of interest is given aseffective\ interest\ rate = \frac{borrowing\ interest \ rate}{1 -compensating\ balancing \requirement \rate}

borrow interest rate = 8%

compensating rate  =15%

effective interest rate = \frac{8%}{1 -15%}

                                    = \frac{0.08}{1-0.15}

         effective interest rat = 0.094 or 9.41%

4 0
3 years ago
Tom elects the Life Income with 10-year Period Certain settlement option. Tom dies in year 6. The beneficiary receives payments
Trava [24]

Answer:

B. 4 years

Explanation:

Based on the information given about Tom in which we were been told that he elects the Life Income with a 10 year settlement option in which Tom dies in year 6, this means that

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Life Income 10 year Period- The year it took Tom to die which is year 6 which will eventually give us 4 years.

Therefore beneficiary receives payments for 4 years.

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3 years ago
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