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Alekssandra [29.7K]
3 years ago
14

Bob is the CEO of ABC Hydraulics. Bob is committed to ethical business practices. He ensures that his investors are kept well-in

formed of the state of the company. As part of his commitment to transparency and ethical practices, he prefers that the top level executives don't see the inner workings of the company's financials so that they aren't tempted to try to defraud the company by embezzling. Is this complying with SOX (Sarbanes-Oxley Act)?
Business
1 answer:
NARA [144]3 years ago
8 0

Answer:

No, SOX mandates that top level executives must certify that financial information is accurate.

Explanation:

This mandate was included in  Sarbanes-Oxley (SOX) Act of 2002. It requires top level executives to certify the financial information that the company made in writing.

This mandate was made in order to held Top level executives accountable regarding every aspect of operation that exist within the company.

If this mandate did not exist, the situation will became more dangerous for Bob. Top level executives could do corrupt practices and make lower level accountant as a scapegoat for their actions.

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for $32.45 per share, and the firm expects its per-share dividend to be $2.35 in one year. Analysts project the firm’s growth ra
Serggg [28]

Answer:

Cost of equity will be 12.96 %

Explanation:

We have given current price of the stock = $32.45

Expected dividend D_1=$2.35 in one year

Growth rate g=5.72%=0.0572

We have to find the cost of equity

Cost of equity is given by

Cost of equity =\frac{expected\ dividend}{current\ price\ of\ the \ stock}+growth\ rate=\frac{2.35}{32.45}+0.0572=0.1296 = 12.96 %

8 0
3 years ago
The consumption schedule shows a.that households consume more when interest rates are low. b.that consumption depends primarily
Lelechka [254]

Answer: The consumption schedule shows the amounts households intend to consume at various possible levels of aggregate income.

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A consumption schedule is a table of numbers showing the relation between consumption expenditures and income for the household sector. The income measure commonly used is national income or disposable income. Occasionally a measure of aggregate production, such as gross domestic product, is used instead.

3 0
3 years ago
QPD Corporation discovered financial information about its prime competitor which it used to its advantage. QPD did not obtain t
bixtya [17]

Corporation is the form of business that responsible for QPD’s knowledge of the details of its competitor’s financial situation.

<h3>What is cooperate business?</h3>

A cooperate business is a business that is owned and manage by group of individuals.

The members also use the product as well as the service.

Coporation gives members access to information which can be divulged to competitors by members.

Therefore, Corporation is the form of business that responsible for QPD’s knowledge of the details of its competitor’s financial situation.

Learn more on coporation below,

brainly.com/question/13551671

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8 0
2 years ago
The population of the world in 1987 was 5 billion and the relative growth rate was estimated at 2 percent per year. assuming tha
scoundrel [369]
A = Pe^(rt) 
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3 years ago
List three examples of coverage provided by employers for employees.
hichkok12 [17]
Medical, Disability, and Life Insurances
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3 years ago
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