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Alex Ar [27]
3 years ago
14

The Overstock-Grant Thornton dispute was publicly aired via disclosure statements filed with the SEC. What impact do you believe

those disclosures had on the investing public's confidence in the financial reporting domain and the independent audit function? Were the interactions between Overstock and Grant Thornton unprofessional or otherwise inappropriate? Explain.
Business
1 answer:
Tresset [83]3 years ago
6 0

Answer:

In light of research of Overstock's money related accomplishment, clearly these exposures influenced Overstock's trading cost. Theorists and customers of the spending reports despite everything have restrictive necessities that the self-governing reviewers ensure that financial reports are truly addressed. This has influenced audit and the board obligations and puts more weight on associates and authorities to appropriately address their financial rundowns. I think Grant Thornton acted inappropriately in light of their clashing use of the $785,000 A/R/Gain Contingency. Grant Thornton didn't from the outset prescribe making an altering section in this way Overstock gave their 10-k with the $785000 as expansion plausibility.

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Your mutual fund was valued at $237,500. It has lost 6% per year for the last 3 years. What is its value today?
BartSMP [9]

Answer:

$197,263.7

Explanation:

The current value can be found by use of the compound interest formula. Since the asset has been losing value at 6 % per year,

the interest rate will be -6%

The formula for compound interest is  FV = PV × (1+r)^n

in this case

FV= current value

PV= $237,500

r= -6% or -0.06%

n= 3 years

Fv= $237, 500 x ( 1 + (-0.06)^3

Fv=$237,500 x (0.94)^3

Fv= $237,500 x 0.830584

Fv= $197,263.7

The current value =$197,263.7

5 0
3 years ago
If all courses were regular (not honors or AP) 1 credit classes, calculate the student's GPA based on the following grades:
seraphim [82]

Answer:

2.83

Explanation:

A=4.0

B=3.0

C=2.0

D=1.0

F=0.0

Add all the numbers that are coordinated with the grade, then divide by how many grades there. Basically just finding the average: 4+4+3+2+3+1= 17, 17/6=2.83

3 0
3 years ago
Broadway Corporation was granted a patent on a product on January 1, 2007. To protect its patent, the corporation purchased on J
Karolina [17]

Answer

The answer and procedures of the exercise are attached in image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

4 0
3 years ago
You don’t have to notify employees that a lockout/tagout is about to begin.<br> True<br> False
SCORPION-xisa [38]

False. Employees must be notified by the supervisor about the beginning of a lockout/tagout procedure.

  • Lockout and tagout are work procedures that ensure that safety is maintained for employees, especially during equipment repairs or maintenance.

  • Lockout involves ensuring that the operation of a machine or process is in a safe mode by isolating energy from the system.

  • Tagout is a labeling that ensures that warnings are issued to employees during a lockout so that a machine or process is not re-energized until the repair or maintenance is complete.

Thus, it is FALSE that employees will not be notified that a lockout/tagout is about to commence.

Read more: brainly.com/question/17759033 and brainly.com/question/17887045

6 0
3 years ago
Rich is the highest-paid quarterback in the league, at $5 million per season. Rich is an eight-year pro and has yet to reach the
Furkat [3]
<span>hey will receive $2,500,000 per year, or answer C.</span>
3 0
3 years ago
Read 2 more answers
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