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3 years ago

To maintain public confidence and trust in the financial reporting of companies is the purpose of

Business

1 answer:

irakobra [83]3 years ago

8 0

Answer:

The answer is: the Sarbanes-Oxley Act of 2002

Explanation:

The Sarbanes-Oxley Act (SOX) was elaborated in response to several high profile corporate scandals involving multinational corporations. The most infamous scandal involved Enron Corporation and Arthur Andersen LLP (one of the five largest accounting corporations in the world).

The SOX set new requirements for all publicly traded corporations (especially their upper management) an public accounting firms. Only some parts of the SOX apply to private companies.

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Shipping Clerk Christina included this sentence in her message to a customer: Pertaining to your returns, we must verify the shi

cricket20 [7]

Answer:

The correct answer is (B)

Explanation:

This is an example of an overly formal language. Overly formal language and formal language are almost similar, but it is recommended to use formal language to better deliver a message or to communicate with a client. The nouns used in the sentences by Christian are overly formal. Overly formal language is difficult to understand due to word choice.

8 0

3 years ago

When it comes to executing plans, what is the role of a manager?

tiny-mole [99]

When it comes to executing plans, the role of a manager is controlling and problem solving.

<h3>Who is a manager?</h3>

Managers supervise the activities of others in order to achieve goals. Managers in the modern workforce may be in charge of systems or specific functions that do not involve humans.

A manager has several responsibilities in an organization. One of them is concerned with carrying out the plan devised to achieve organizational objectives. A manager uses this plan to control and solve problems that may arise while carrying out the plan, as well as to make necessary adjustments.

For example, compare actual results to planned results and make adjustments as needed.

Learn more about managers on:

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8 0

1 year ago

On January 15, 2021, Vancey Company paid property taxes on its factory building for the calendar year 2021 in the amount of $1,0

tankabanditka [31]

Answer and Explanation:

The presentation is presented below:

Particulars 3/31/21 6/30/21 9/30/21 12/31/21

Property taxes $270,000 $270,000 $270,000 $270,000

Repairs $900,000 $900,000 $900,000

Total $270,000 $1,170,000 $1,170,000 $1,170,000

The property taxes is divided into four quarters i.e

= $1,080,000 ÷ 4 quarters

= $270,000

While the repairs are divided into 3 quarters i.e

= $2,700,000 ÷ 3 quarters

= $900,000

4 0

3 years ago

The following amounts were reported on the December 31, 2019, balance sheet: Cash $ 8,000 Land 20,000 Accounts payable 15,000 Bo

Galina-37 [17]

The acid test ratio for the firm as on 31st December 2019 will be 0.85 as per the information contained under the balance sheet.

<h3>What is acid-test ratio?</h3>

The ratio, which is derived by the division of the current assets less inventories with the current liabilities of the firm, is known as the acid-test or quick ratio.

Using the formula and given information, the acid-test ratio will be computed as,

$\rm Acid\ Test\ Ratio= \dfrac{Current\ Assets\ - Inventories}{Current\ Liabilities}\\\\ Acid\ Test\ Ratio= \dfrac{150000-30000}{140000}\\\\\rm Acid\ Test\ Ratio= 0.85$

Hence, the acid-test ratio is as computed above.

Learn more about acid-test ratio here:

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8 0

2 years ago

According to the ____theory, companies go through long, simple periods of environmental stability, followed by short, complex pe

Irina18 [472]

Answer:

<em>Punctuated Equilibrium theory</em>

Explanation:

As stated by the "theory of Punctuated Equilibrium", <em>the organization often experience both dynamic as well as external environments and also goes by long and periods which are simple related to environmental balance and as well as continued by short. </em>

For example: United States airline industry. e.t.c.

<u>Punctuated Equilibrium theory is</u> basically a theory which is related to understanding as well as analyzing the process of change.

8 0

3 years ago