Answer:
Sarbanes-Oxley Act of 2002.
Explanation:
Sarbanes-Oxley Act of 2002 is a legal framework which was passed by the 107th U.S Congress on the 30th of July, 2002. The law required that investment banking be completely made rid of research analysts who works at a broker-dealer firms, so that the analysts are not influenced to write favorable reports to enhance their potential investment banking businesses.
Hence, the legislation that requires a broker-dealer's research analysts to be completely separated from that firm's investment banking department is the Sarbanes-Oxley Act of 2002.
<em>It is a law that imposes a stiffer penalty for any securities related law break offence by the accountants, auditors etc by mandating strict reforms to the existing securities regulations. </em>
A lease is a contractual agreement by which one party conveys any type of service to another person for a specific time.
Answer:
$155,320
Explanation:
Given:
Cash inflow in the first year = $80,000
Cash inflow in the second year = $100,000
Present value of first year cash flow = Inflow × present value factor of one period
= $80,000 × 0.909
= $72,720
Present value of second year cash flow = Inflow × present value factor of two periods
= $100,000 × 0.826
= $82,600
Present value of investment = 72,720 + 82,600
= $155,320
Wellman should invest in the project if project cost is less than or equal to present value of inflows that is $155,320
Answer:
Purchases = 2100 shovels
Explanation:
given data
ending inventory = 500 shovels
Budgeted sales = 1,950 shovels
inventory = 320 shovels
to find out
How many shovels should Benson Stores purchase for December
solution
we know here ending inventory formula that is express as
Ending inventory = Beginning inventory + Purchases - Sales .......................1
put here value we will get Purchases
so that
500 = 320 + Purchases - 1950
Purchases = 500 + 1950 - 350
Purchases = 2100 shovels
