Question:
The Dodd-Frank wall street reform and protection act stipulated that if more than $1 million is collected, the whistle-blower is entitled to _____ of the monies collected.
A) between 10 and 30 percent
B) a minimum of 50 percent
C) a minimum of 75 percent
D) between 50 and 75 percent
Answer:
The correct answer is A) Between 10 and 30 percent of the monies collected.
Explanation:
The Dodd–Frank Wall Street Reform and Consumer Protection Act (also known as Dodd–Frank) is a US Federal Law that was instituted on July 21, 2010.
It was created to revamp the financial regulation in the aftermath of the Great Recession, and brought about reforms to all federal financial regulatory agencies and almost every part of the nation's financial services industry.
Under the act, whistle blowers were promised 10-30 percent of all monies collected.
Cheers!
Answer:
the lease asset is $723,943
Explanation:
The computation of the lease asset is shown below;
= (Lease payment - per year maintenance charges) × present value of an annuity due of 1 for six years at 8%
= ($170,000 - $25,000) × 4.99271
= $145,000 × 4.99271
= $723,943
hence, the lease asset is $723,943
The same would be considered
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