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Anika [276]
3 years ago
13

Governmental regulations such as the​ ________ Act mandate archiving business documents and relevant internal​ communication, in

cluding​ e-mail and instant messages.
Business
2 answers:
Leto [7]3 years ago
3 0

Answer:

B. Sarbanes-Oxley

Explanation:

The Sarbanes-oxley act also know as Public company accounting reform and investor protection Act and Corporate and Auditing Accountability, Responsibility, and Transparency Act is a US Federal law that cracks down on corporate fraud. The act gave protection to whistleblowers and strengthened the independence and financial literacy of corporate boards.

The Act mandates archiving business documents and relevant internal​ communication, including​ e-mail and instant messages to guard against destruction of evidence to impede a federal investigation.

gladu [14]3 years ago
3 0

Answer:

b) Sarbanes-Oxley

Explanation:    

The Sarbanes-Oxley Act is a law incorporated on July 30, 2002, it was created to prevent corporate fraud and accounting errors by banning company loans to executives and giving job protection to employers.

I hope you find this information useful and interetsing! Good luck!

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Garcia Company issues 10%, 15-year bonds with a par value of $240,000 and semiannual interest payments. On the issue date, the a
vladimir2022 [97]

Answer:

1. Cash proceed is $281,400.

2. Total bond interest expenses over the bond llife is $318,600.

3. Bond interest expense on first interest payment date is $11,256.

Explanation:

1. Using the implied selling price of 117 ¼, what are the issuer's cash proceeds from issuance of these bonds?

Selling price = 117 ¼ / 100 = 1.1725

Cash proceed = Bond face value * Bond selling price = $240,000 * 1.1725 = $281,400.

2. What total amount of bond interest expense will be recognized over the life of these bonds?

Total interest payment = $240,000 * 10% * 15 = $360,000

Total repayment = Total interest payment + Bond par value = $360,000 + $240,000 = $600,000

Total bond interest expenses over the bond llife = Total repayment - Cash proceed/Amount borrowed = $600,000 - $281,400 = $318,600

3. What amount of bond interest expense is recorded on the first interest payment date?

Bond interest expense on first interest payment date = Cash proceed * Annual market rate on issue date * (6/12) = $281,400 * 8% * 0.5 = $11,256

4 0
3 years ago
Can the government require a company to recall a product if they believe it is harmful to consumers?
Ymorist [56]

Answer:

A.Yes. They have the power to remove it if they believe it’s harmful.

Explanation:

When the government have reasons to believe that a product is potentially harmful to consumers and or buyers, they have the right to require a company to recall a product, if they believe it is harmful to consumers, because it is then the governments responsibility to protect the public.

3 0
3 years ago
Memphis Company anticipates total sales for April, May, and June of $970,000, $1,070,000, and $1,120,000 respectively. Cash sale
Crank

Answer:

Total cash collection= $1,053,200

Explanation:

Giving the following information:

Sales:

April $970,000

May $1,070,000

June $1,120,000

Cash sales are normally 20% of total sales. <u>Of the credit sales,</u> 40% are collected in the same month as the sale, 55% are collected during the first month after the sale, and the remaining 5% are not collected.

<u>To calculate the total cash collection for June, we need to use the following structure:</u>

Cash collection June:

Sales in cash from June= (1,120,000*0.2)= 224,000

Sales in account from June= (1,120,000*0.8)*0.4= 358,400

Sales in account from May= (1,070,000*0.8)*0.55= 470,800

Total cash collection= $1,053,200

8 0
3 years ago
g The marginal tax rate is the total taxes paid as a percentage of total income. the sum of all individual tax rates. the increa
balu736 [363]

Answer:

  the increase in taxes as a percentage of the increase in income

Explanation:

"Marginal" anything in business or economics refers to rate of change. The marginal tax rate is the tax paid on the next unit of income. That is, it is ...

  the increase in taxes as a percentage of the increase in income

4 0
3 years ago
Jane and Bart organized food truck business- Just Best Food Inc (JBF Inc.). JBF Inc. decided to follow accrual method of account
Rashid [163]

Answer:

Answer is option C i.e $200

Explanation:

5 0
3 years ago
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