Answer:
b. codes of ethics for senior financial officers.
Explanation:
according to the Sarbanes-Oxley act:
- The company should be having an expert who is responsible for the auditing andd the company should name the expert and if they are not having the expert they should give a reason.
- A comapny should have a code andd ethics and it should also be applied to the seniors.
Answer:
A: $1,475,000
Explanation:
The computation of the overhead applied is shown below:
But before that first determine the predetermined overhead rate which is
= Estimated annual overhead cost ÷ Estimated machine hours
= $1,500,000 ÷ 300,000
= $5
Now the applied overhead is
= Predetermined overhead rate × Actual machine hours
= $5 × 295,000
= $1,475,000
Answer:
1. gain a higher market share.
2. inversely proportional to each other.
Explanation:
1. By producing a product at a lower price than the competitors a company will be at an advantage and will be providing same product at a lower price. The customer will definitely go with a low price item if two items are same in value.
2. As value creation requires cost so if the cost is reduced then some of the features will have to be foregone to achieve low cost.
$3.56 is the capital gain
<u>Explanation:</u>
<u>Credenze industries
</u>
The Dividend = 1.70 , Cost of capital = 9% , Selling price =62 , calculation of Expected capital gain =?
<u>In order to calculate the Present market price (PM) ,
</u>
Let the PM (Present market value) = x
The Cost of equity = the change in market price + dividend

=> X = $ 58.44 .
Therefore, the Capital Gain that has been gained is = $ 3.56
Answer:
The Journal entries are as follows:
(a) the May 1 issuance,
Cash A/c Dr. 577,160
To Bonds - 7% $564,000
To Accrued interest $13,160
(To record the issuance)
Accrued Interest = $564,000 × 0.07 × (4/12)
= $13,160
(b) the July 1 interest payment,
Interest Payment A/c Dr. $19,740
To cash A/c $19,740
(To record the interest payment)
Interest payment = $564,000 × 0.07 × (6/12)
= $19,740
(c) the December 31 adjusting entry
Interest payable A/c Dr. $19,740
To Bonds - 7% $19,740
(To record the adjusting entry)