The Sarbanes-Oxley Act of 2002 requires the CEO (Chief
Executive Officer) and the CFO (Chief Financial Officer) to personally certify
the accuracy of the financial statement that the company has filed with the
Securities and Exchange Commission as
members of senior management.
Answer:
$114,000
Explanation:
The computation of the residual income is shown below:
As we know that
Residual Income = Net operating Income - Average Operating assets × Required rate of return
where,
Net Operating Income is
= Sales Revenue - Variable Costs - Fixed Costs
= $500,000 - $300,000 - $50,000
= $150,000
And,
Average operating Assets is
= Net Operating Income ÷ Return on Investment
= $150,000 ÷ 0.25
= $600,000
So, the residual income is
= $150,000 - $600,000 × 6%
= $150,000 - $36,000
= $114,000
Answer:
TRUE
Explanation:
The coupon rate for a bond is fixed and is paid by the issuer of the bond to the bondholder. The cash outlay/inflow to the issuer/bondholder is always the same reardless of the market rate.
The effect of the market rate is on the cost to acquire the bond in the secondary market. It do not change the coupon obligation.
Answer:
The budget for The Twilight Saga: New Moon = $50 million
Explanation:
Let the budget for Twilight Saga: New Moon = T
Let the budget for Harry Potter: The Half Blood Prince = H
We are given the following:
(The budget for Twilight Saga is one-fifth the budget for Harry Potter)
Cross multiplying the equation
5T = H - - - - (1)
H + T = 300,000,000 - - - - - (2) (Together the budgets totaled $300 million)
Next, let us substitute the value of H in equation (2) with equation (1)
(5T) + T = 300,000,000
6T = 300,000,000
Therefore, the budget for The Twilight Saga: New moon = $50,000,000
And the budget for Harry Potter: The Half Blood Prince = $250,000,000
Answer:
Almost every other business in this universe now relies upon group thinking rather than individual approach to anything.
It has several advantages, some of them are pointed out below:
o) Equality bias, when there are group discussion, this means that everyone has a part of say in the final decision and that leads to equality bias, which is beneficial.
o) More alternatives are generated, it is a fact that when an individual takes a decision, he/she is neglecting a lot of other options to explore which could be a lot beneficial for the business.
o) More acceptance of the final decision, Since the final decision taken is with the approval and consent of everyone, there is a possibility that the final decision will be more acceptable.
o) Lastly, It creates Synergy, synergy is the idea that a decision as a whole is better than in parts.
Hope this helps you. Good Luck.
