An effect of the Sarbanes-Oxley Act of 2002 was to reduce the accounting profession’s level of self-regulation.
<h3>What did the Sarbanes-Oxley Act of 2002 do?</h3>
The Sarbanes-Oxley Act of 2002 was passed in the wake of the Enron and WorldCom financial sagas in order to reduce the incidence of companies misleading their stockholders.
The Sarbanes-Oxley Act of 2002 led to more regulation over the accounting profession and a reduction in their self-regulation because large accounting companies had been implicated in the saga.
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Answer:
$175,808
Explanation:
P=R (1-(1+i)^-n)/i
Where P=780,000*90%=$702,000
R=?
i=8%
N=5 years
By putting above values in formula, we get
P=R(1-(1+.08)^-5)/.08
702,000=R*3.993
R=702,000/3.993
R=$175,808
Answer:
The answer is: Expected annual net cash savings are $16,750.
Explanation:
Please find the below for detailed explanations and calculations:
Payback period is defined as the time it takes an investment to recover its initial investment.
In this case, the initial investment is the cost of software package at $67,000, while the payback period is four years.
We apply the payback period formula to calculate payback period to calculate the Expected annual net cash savings:
Payback period = Initial investment / Net cash flow per period <=> Net cash flow per period = Initial investment / payback period = 67,000 / 4 = $16,750.
So, Net cash savings annually is expected at $16,750. In other words, if the firm is to save $16,750 per year from owning the software, it will take the firm 04 years to recover its initial investment.
Answer:
b. Stock Y has a higher dividend yield than Stock X
Explanation:
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Answer: 10%
Explanation:
When the price of a bond is at par, it means that the coupon rate and the Yield to Maturity are the same.
The Coupon rate is the interest rate that the Issuer of the bond pays the bond holders as a percentage of Par.
The Coupon payment here is $100 and the rate is;
= 100/1,000
= 10%
<em>Coupon Rate = 10% = Yield to Maturity </em>
