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lora16 [44]
2 years ago
10

Enrico is a CPA for a large company. Recently, he noticed that the company's accounting records significantly overstated the amo

unt of inventory on hand. This led to an overstatement of the assets the company holds. Initially, he brought it to the attention of his supervisor, but when nothing was done to correct the mistake in a timely manner, he decided the best course of action was to report it to the appropriate government official. Although his actions took him outside the company, Enrico was counting on current law, under the ____________, to protect him against company retaliation.a. Cellar-Ketauver Act b. Sherman Act c. Robinson Patman Act d. Sarbanes-Oxley Act
Business
1 answer:
a_sh-v [17]2 years ago
5 0

Answer:

d. Sarbanes-Oxley Act

Explanation:

In the case of whistle-blowing, Sarbanes-Oxley Act  offers protection for employees against retaliation from company they work for.The major reason for this protection in the  Sarbanes-Oxley Act is to make sure employees report irregularities in their companies to appropriate without fear of being punished by the employers.

Other acts do not provide relevant section for protection of employees against retaliation in case of whistle-blowing.

So Enrico was counting on current law, under the same  Sarbanes-Oxley Act to protect himself against company retaliation.

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The Assembly Department of One Roof, Inc., manufacturer of computers, incurred $300,000 in direct material costs and $70,000 in
Papessa [141]

Answer:

D) $116.67 per EUP

Explanation:

To find out the equivalent unit of production (EUP) for conversion costs we have to divide the total conversion costs by the equivalent units produced:

EUP conversion costs = $70,000 / 600 units = $116.67 per EUP

The EUP for direct materials would = total costs direct materials / equivalent units produced = $300,000 / 1,000 units = $300 per EUP

Both fully completed units and partially completed units are expressed in terms of equivalent units of production.

6 0
2 years ago
How many years would it take an amount of money to double if it is invested at a rate of 8% compounded continuously
trapecia [35]

Answer:nine years

Explanation:The result is the number of years, approximately, it'll take for your money to double. For example, if an investment scheme promises an 8% annual compounded rate of return, it will take approximately nine years (72 / 8 = 9) to double the invested money.

5 0
2 years ago
Virginia owns 100% of Goshawk Company. In the current year, Goshawk Company sells a capital asset (held for three years) at a lo
kumpel [21]

Answer:

a)  If Goshawk is a proprietorship, only $21000 long-term capital loss can be deducted in the current year. The remaining $19000 net capital loss is carried forward and then carried back

b)  If Goshawk is a C corporation, only $ 18000 long-term capital loss can be deducted in the current year. The remaining $22000 net capital loss is carried back and then forward of Item 2.

Explanation:

The gain or loss on the sale of a property is said to be the difference between between the realized value of goods and its adjusted basis. When there is a gain the realized value would be greater than the adjusted basis, while when there's loss the realized value would be less than the adjusted basis.

A) In this case, if Goshawk is a proprietorship, only $21,000 of the $40,000 long-term capital loss can be deducted in the current year. The loss will offset the short-term capital gain of $18,000 first; then, an additional $3,000 of the loss may be utilized as a deduction against ordinary income. The remaining $19,000 net capital loss is carried forward to next year and years thereafter until completely deducted. The capital loss carryover retains its character as long term.

B) If Goshawk is a C corporation, $18,000 short term capital gain can be set off for long term capital loss. Then the remaining $22,000($40,000 - $18,000) will be carried backwards

3 0
3 years ago
You have been approached by one of the staff who works testing equipment that passes through your facility. Every day, you recei
earnstyle [38]

<u>You have been approached by one of the staff who works testing equipment that passes through your facility. Every day, you receive computers from the university that have been repaired but now need to be tested to ensure that they can work under high stress. This means running them in your test labs. Because the test labs are as stressful on the test equipment as it is on the computers, you have planned for downtime in the past. To get this downtime, you have tried to ensure that effective capacity utilization is about 65 percent. Yet, the staff person has informed you that a backlog of yet-to-be tested equipment is building up. Furthermore, the test equipment is now starting to break at a rate faster than anticipated. To address this issue, you know that the design or maximum capacity is 720 hours and that over the last three weeks, you have spent 600 hours per week testing equipment.</u>

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5 0
2 years ago
Which two of the following traits are important to remember as you prepare for an interview?
JulsSmile [24]
Since I’ve had interviews for jobs here is what I remember..
1. Positivity
2. Enthusiasm
1. Because a employer will want someone who is positive and 2. You need to make the employer think you really want the job so being enthusiastic always helps.
3 0
3 years ago
Read 2 more answers
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