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3 years ago

The sarbanes-oxley act created the ____ to protect the interests of investors and further"

Business

1 answer:

UNO [17]3 years ago

4 0

Answer:

federal laws

Explanation:

The sarbanes-oxley act is a Federal legislation that was passed in the US on 30th July 2002. to reform, protect the accounting and corporate financial sector which includes the interest of the investors. Note: an act consist of written laws and it is made by the legislative arm of the government.

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Arthur crafts miniature chocolate dollhouses which he sells for $23 each. Arthur has calculated the breakeven level of revenues

vitfil [10]

Answer:

Arthur's fixed costs are $952

Explanation:

The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:

Break-even point in units = Fixed costs/(Selling price per unit-Variable cost per unit)

Fixed costs = Break-even point in units x (Selling price per unit-Variable cost per unit)

In Arthur, Break-even point in units = $1,460/$23

Fixed costs = $1,460/$23 x ($23 - $8) = $952

8 0

3 years ago

Dupli-pro copy shop provides photocopying service. next year, dupli-pro estimates it will copy 2,800,000 pages at a price of $0.

Paha777 [63]

Dupli-Pro Copy Shop provides photocopying service. Next year, Dupli-Pro estimates it will copy 2,800,000 pages at a price of $0.08 each in the coming year. Product costs include: Direct Materials, Direct Labor, Variable Overhead and Total Fixed Overhead.

How are additional product costs specified?

Product costs are often referred to as "inventory costs" or "manufacturing costs." Permanent costs: - Selling and administrative costs. These costs are reflected in the income statement as incurred.

Is the product costs advertised?

Sales commissions, administration fees, advertising and marketing, and office space rentals are all recurring fees. These charges are not covered as part of the cost of purchased or synthetic items, but are recognized as charges in the profit and loss account for the period in which they are incurred.

Is the rental the product costs?

When a manufacturer leases its manufacturing equipment and systems, the lease is the product costs (rather than the price of length). In other words, the rent is protected against the manufacturing overheads assigned to the manufactured product.

Learn more about product cost here:- brainly.com/question/24494976

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4 0

1 year ago

Marigold Corp. uses the periodic inventory system. For the current month, the beginning inventory consisted of 477 units that co

Blizzard [7]

Answer:

COGS= $81,770

Explanation:

Giving the following information:

Beginning inventory= 477 units that cost $65 each.

Purchases:

715 units at $68 each

364 units at $70 each.

Units sold= 1,197

To calculate the cost of goods sold under the LIFO (last-in, first-out) method, we need to use the cost of the lasts units incorporated into inventory:

COGS= 364*70 + 715*68 + 118*65

COGS= $81,770

7 0

3 years ago

Henrietta Morales is a salaried employee earning $76,800 per year. Required: What is Henrietta’s period pay for each of the foll

Mandarinka [93]

Answer:

Explanation:

The computation is shown below:

1. For Biweekly

= $76,800 ÷ 26 biweekly

= $2,953.85

2. For Semi monthly

= $76,800 ÷ semi-monthly basis

= $3,200.00

3. For weekly

= $76,800 ÷ 52 weeks

= $1,476.92

4. For monthly

= $76,800 ÷ 12 months

= $6,400.00

Simply we divided the employee earning by the period pay method that is shown above.

6 0

3 years ago

Financial Statements of a Manufacturing Firm The following events took place for Focault Inc. during July 20Y2, the first month

Nostrana [21]

Answer and Explanation:

The Preparation of the July income statement for Focault is shown below:-

Focault Inc.

Income Statement

For the Month Ended July 31

Particulars Amount

Sales $2,121,900

Cost of goods sold $1,185,400

Gross profit $936,500

Selling and administrative expenses:

Selling expenses $509,700

Administrative expenses $189,700

Total selling and administrative

expenses $699,400

Net operating income $237,100

b. The computation of inventory balances at the end of the first month of operations is shown below:-

Particulars Amount

Materials inventory, July 31 $83,800

($598,700 - $514,900)

Work in process inventory, July 31 $50,800

($514,900 + $444,000 + ($444,000 × 70%) - $1,218,900)

Finished goods inventory, July 31 $33,500

($1,218,900 - $1,185,400)

7 0

3 years ago