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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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Economics students often confuse (a) diminishing returns related to the variable factors of production and (b) diseconomies of s

Sholpan [36]

Answer:

Marginal Product:

The marginal product of an input that is being used in the production process of a good or services is the extra output generated by using the extra unit of that input. Alternatively, the marginal product is the output generated by the last unit of the input added only.

Explanation:

Diminishing marginal returns means that as you adds more units of that input, the marginal product declines. That is, each additional of extra unit of the input results in decreased and less additional output. For example, the marginal product of labor usually decreases as the amount of labor increases because there is a fixed amount of capital used in the short run, so when labor increases, the capital per unit of labor decreases, which results in each and every extra working being less productive than the previous one.
Dis-economies of scale, whereas, results in an increase in the average cost of production as the number of units increases. That's why diminishing marginal returns refers to production, and dis-economies of scale refers to the average cost. Dis-economies of scale often happened because the production levels get high, there is less management on each employee, resulting in each employee having less motivation to work as hard due to lack of production making it hard to notice that change.So, it may results in the average worker's productivity decreasing, causing the per-unit cost to rise.

7 0

3 years ago

In response to dwindling sales of organic meats, Hain Celestial executives decided to promote the sale of organically grown nuts

3241004551 [841]

Answer:

Product substitute

Explanation:

Product substitute is defined as one that meets similar needs of the consumer. As demand for one of such goods rises the demand of the other tends to fall as the meet similar needs.

In the given scenario organic meats are seen as being substituted by organically grown nuts as a source of protein.

So when Hain Celestial has dwindling sales of organic meats they were considering organically grown nuts as a different product to give to customers

3 0

3 years ago

In its most recent annual report, Appalachian Beverages reported current assets of $39,900 and a current ratio of 1.90. Assume t

iVinArrow [24]

Answer:

Appalachian Beverages

The Updated current ratio is:

= 1.65

Explanation:

a) Data and Calculations:

Current assets = $39,900

Current ratio = 1.90

Current liabilities = $21,000 ($39,900/1.90)

Current Assets:

Beginning balance = $39,900

Inventory $5,100

Cash ($2,000)

Ending balance = $43,000

Current Liabilities:

Beginning balance = $21,000

Accounts Payable $5,100

Ending balance = $26,100

Analysis of Transactions:

1. Inventory $5,100 Accounts Payable $5,100

2. Delivery Truck $10,000 Cash $2,000 Two-year Note Payable $8,000

Updated current ratio = Current assets/Current liabilities

= $43,000/$26,100

= 1.65

6 0

2 years ago

The bank is working to develop an efficient work schedule for full-time and part-time tellers. The schedule must provide for eff

Kitty [74]

Answer:

The solution is given below.

Explanation:

It is a practical, complex scheduling problem that can be easily modelled and solved as IP. Note that part time and full time employees are paid at different rates. So, it is important that the bank operates to provide required service level (indicated by the number of tellers per hour) while minimizing total cost due to staff salary.

We use x as full time and y as part time staff.

It would help if you construct a table as shown below to better analyze the problem before attempting to model it. Red shows work hrs of full time staff and green is for part timers. Just follow their work hour rules.

So, full timers have 3 options:

(i) start at 9 – work till 1pm, take 1 hr break, then work 2 – 5 pm

(ii) start at 10 – work till 2pm, take 1 hr break, then work 3 – 6 pm

(iii) start at 11 – work till 3pm, take 1 hr break, then work 4 – 7 pm

that’s all… bank closes at 7 pm.

However, part timers don’t have 1 hr break. They work straight 4 hrs and leave. See green cells above to understand their alternatives.

Now, decision variables should include this work hour information. Here goes their definition. You must clearly define decision variables in exam, otherwise, the model is meaningless.

X9 = number of full time staff who start at 9 and follow the hour-related rule (no need to specify more details; those are already undestood)

X10 = number of full time staff who start at 10 and follow the hour-related rule

X11 = number of full time staff who start at 11 and follow the hour-related rule

Y9 = number of part time staff who start at 9 and follow the hour-related rule

Y10 = number of part time staff who start at 10 and follow the hour-related rule

…. This way you define up to Y15.

You must also specify that:

Xi, Yi >=0, integers.

Objective Function:

Minimize Z = 105*(x9 + x10 + x11) + 32* (y9 + y10 + … + y 15)

You will need one “covering” constraint for each working hour. Both full and part-timers can “cover” the duty of each hour. Look at the color-coded table (above) column-wise. The 9:00-10:00 hour can be covered only by x9 and y9 staff; next hour by x9, x10, y9, y10 only,… and so on. So, the

constraints are: (attached with image)

8 0

3 years ago

Like 4 avengers Endgame!!

eimsori [14]

Answer:

kkk(k(kkkkkkkkkkkkkkk

7 0

2 years ago

Read 2 more answers