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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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Consider a firm that operates in a perfectly competitive market. Currently the firm is producing 50 units of output and at that
Norma-Jean [14]

Answer:

$450

Explanation:

Data given in the question

Number of the units produced is 50 units

Marginal revenue is $6

Now the output increase by 50%

So, the total revenue is

= Number of units produced × marginal revenue + increased output percentage × (Number of units produced × marginal revenue)

= 50 units × $6 + 50% of $300

= $300 + $150

= $450

We simply compute by applying the above information

6 0
3 years ago
How does the following situation SHIFT the demand curve for an ice cream shop in a small town? A cup cake shop opens down the bl
Anit [1.1K]

So theoretically, opening a new cup cake shop would decrease the demand for ice cream. A decrease in demand would cause the demand curve to shift to the left.

4 0
3 years ago
West Corp. issued 14-year bonds 2 years ago at a coupon rate of 9.8 percent. The bonds make semiannual payments. If these bonds
pickupchik [31]

Answer:

the YTM is 9.38 %.

Explanation:

Bond Prices in most countries is expressed per $100. We shall use this as the Price for the bond in question.

Then the Yield to Maturity (YTM), r of the Bond can be determined as follows

Pv = - $103

pmt = ($100 × 9.80) ÷ 2 = $4.90

p/yr = 2

n = (14 - 2) × 2 = 24

Fv = $100

r = ?

Using a Financial Calculator,  the Yield to Maturity (YTM), r is 9.38 %

3 0
3 years ago
Unit Test
ad-work [718]

The work value that Ramona feels the strongest is that the work with people

Explanation:

Work values are the values that are employed in a work place and there are many kinds of work values that develop the inter personal relationship between peoples

In the given statement she loves to work with the people in the after school program she loves to interact with the people talk with them and gain some personal experience and she feels them the strongest

4 0
3 years ago
The act of giving up one thing of value to gain another thing of value is called a/an
Vedmedyk [2.9K]

Answer:

Trade-off. act of giving up one thing of value to gain another. Opportunity Cost. value of the next best alternative you could have chosen. Marginal Benefit.

Explanation:

5 0
3 years ago
Read 2 more answers
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