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3 years ago

The sarbanesminus−oxley act of 2002 resulted in ________.

1 answer:

8 0

Answer: b. Tightened audit regulations and controls.

Details:
Corporate fraud in the 2000-year era, also known as the "Dotcom bubble" made many investors lose vast amounts of money, while many unethical corporate executives made off with "bandit-like" profits.

Consequently, two lawmakers, Sarbarnes and Oxley proposed a bill for financial reform and accountability by corporations. The bill was signed into law in 2002, and it demands tightened accounting, auditing, financial responsibility, and accountability toward investors.

Hopefully, this law will prevent disasters such as Enron, Worldcom, Tyco and many others from "ripping off" investors in the future.

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Linda owns and runs her own firm. She also serves on the boards of several companies. Although she does not work for these compa

Vlad [161]

Answer:

<h2>The answer, in this case, would be true or option a) given in the answer choices.</h2>

Explanation:

In any business, an outside director is commonly identified as an individual who is officially not an employee or a shareholder of the company or business enterprise.
An outside director can board meetings, analyze essential business information and interact and share opinions with the shareholders regarding company decisions and operational modes.
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3 years ago

Port Allen Chemical Company processes raw material D into joint products E and F. Raw material D costs $4 per liter. It costs $1

Sergeu [11.5K]

Answer:

a) Product G should be produced and sold

b) Net financial advantage $80

Explanation:

A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.

Also note that all cost incurred up to the split-off point are irrelevant to the decision to process further .

Revenue after split-off point

($9× 40 litres) 360

Revenue at the slit of point

($4 × 40) (160)

Additional income from further processing 200

Further processing cost ($3× 40) (120)

Incremental income from further processing 80

Incremental income from further processing = $80

a) The product F should be processed further and sold as product G. Doing so would increase the net income by $80.

b) Net advantage $80

4 0

3 years ago

The blue giant has a profit margin of 6.2 percent and a dividend payout ratio of 40 percent. The capital intensity is 1.08 and t

Lana71 [14]

First we calculate the return on equity(ROE) based on the Du-pont equation

ROE = Net profit margin * Total asset turnover * equity multiplier

Total asset turnover = 1/capital intensity =1/1.08

Equity multiplier = 1+ debt to equity = 1+ 0.54 = 1.54

net profit margin = 6.2% = 0.062

ROE = 0.062*1/1.08*1.54 = 0.0884 = 8.84%

Sustainable growth rate = ROE*(1- dividend payout)

Sustainable growth rate = 0.0884*(1-0.4)

Sustainable growth rate= 0.053 = 5.3%

Sustainable growth rate = 5.30%

6 0

3 years ago

McBride’s Dairy has 200 gallons of heavy cream and 600 gallons of skimmed milk and has incurred $1,000 of joint costs at the spl

Katyanochek1 [597]

Answer:

Cream $560

Explanation:

Units Selling price Sales value Percentage of sales value Allocated cost

Cream200 15 3,000 3,000/5,400 = 56% 1,000 x 56% = $560

Skimmed

milk600 4 2,400 2,400/5,400 = 44% 1,000 x 44% = $440

Total $5,400 100% $1,000

Therefore the amount of joint cost allocated to cream is $560

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3 years ago

The fifth step of the financial planning process is to create and implement the financial action plan. What is involved in this

alexgriva [62]

Answer:

Developing an action plan that identifies ways to achieve your financial goals.

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2 years ago

The sarbanesminus−oxley act of 2002 resulted in​ ________.

The sarbanesminus−oxley act of 2002 resulted in ________.