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Troyanec [42]
3 years ago
11

Sharon, who works in accounting, noticed that the accounting records of her firm drastically overstated the amount of inventory

on hand, which led to overstating the assets of the firm. She thought carefully about calling a government official to report this and in the end decided to do it because she would be protected by the:
Business
1 answer:
scoray [572]3 years ago
7 0

Answer:

Sarbanes - Oxley Act

Explanation:

The Sarbanes - Oxley Act was passed into law by the United States Congress July 30th 2002 basically to provide protection for investors against financial reporting that are fraudulent by corporations. This law was enacted as a result of the cases of financial scandals that shook large companies including Enron Corporation around the year 2000.

The order to protect the investors from fraudulent reporting, the act also protects accounting officers such as Sharon who become whistle-blowers by reporting the malpractices and unethical accounting practices of corporations to the government for actions and sanctions.

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The Marchetti Soup Company entered into the following transactions during the month of June:
sammy [17]

Answer:

Kindly find the following transactions of  Marchetti Soup Company during the month of June below in the Explanation section

Explanation:

Solution

 Transaction      Account Title              Debit       Credit

    1.                   Inventory              165,000

                          Accounts payable                     165,000

    2.             Salaries expense            40,000

                                    Cash                                 40,000

    3.             Accounts receivable      200,000

                                    Sales                                200,000

               Cost of merchandise sold   120,000  

                                Inventory                              120,000

     4                            Cash                 180,000  

                           Accounts receivable                 180,000

     5                  Accounts payable      145,000  

                                   Cash                                   145,000

3 0
3 years ago
Activity-based costing strives to create an environment that
tankabanditka [31]

Answer:

D. encourages process-value analysis.

Explanation:

Activity based costing aims to allocate cost of different processes and activities to the department which utilizes the cost at maximum, on the basis of actual cost drivers.

Every activity has a cost driver, as for example for the expense or activity of rent is based on area allocated to each department thus cost driver here is area of the department.

Therefore, Activity based Costing encourages the process value analysis, which process is best.

It states which process added how much value to each product or department, it is a kind of process analysis.

Thus, correct option is D

4 0
3 years ago
The risk free rate of return is 2.5% and the market risk premium is 8%. Rogue Transport has a beta of 2.2 and a standard deviati
4vir4ik [10]

Answer:

20.1%

Explanation:

In capital asset prcing model (CAPM), cost of equity (or cost of retained earnings in this context) is calculated as below:

<em>Cost of equity = risk-free rate of return + beta x (market index return - risk-free rate of return)</em>

Please note that <em>(market index return - risk-free rate of return)</em> is equal to <em>market risk premium</em>

Putting all the number together, we have:

Cost of equity/retained earnings = 2.5% + 2.2 x 8% = 20.1%

<em>Note: The dividend growth rate, tax rate & stock standard deviation is not relevant in answering the question.</em>

6 0
3 years ago
One difference between a closed and an open economy is that: - in the latter, foreign savings complement domestic savings in fin
marshall27 [118]

Answer:

in the latter, foreign savings complement domestic savings in financing investment spending

Explanation:

In a closed economy, the country does not permit trade with other economies. The nation considers itself self-sufficient hence, it does not require to import or export any goods or services. All products and services produced within the economy are consumed within the boundaries of the country.

An open economy is the contrast of a closed economy. The country will allow international trade. Goods and services produced in foreign countries will be imported and consumed locally. In an open economy, foreigners are permitted to invest locally.  

8 0
3 years ago
Some global corporations are large enough to create major changes in the external environment. Group of answer choices True Fals
Harrizon [31]

Some global corporations are large enough to create and influence major changes in the external environment: False.

<h3>What is a corporation?</h3>

A corporation refers to a corporate organization that has facilities and owns assets that are used for the production of goods and services in at least one country, other than its headquarter which is located in its home country.

However, it is false to infer or state that some global corporations are large enough to create and influence major changes in the external environment.

Read more on corporations here: brainly.com/question/25787830

#SPJ1

3 0
2 years ago
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