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3 years ago

What checks are there on the accuracy of these statements? (Select the best choice below.)

Business

1 answer:

kkurt [141]3 years ago

4 0

Answer:

The correct answer is B

Explanation:

The checks which are there on the accuracy of the statements are:

1. The corporation needed to hire or require the neutral party, which is known as the auditor in order to check the annual financial statements of the company, and also ensures that the financial statements are to prepared as per GAAP (generally accepted accounting principles). It should also offer the evidence to support the information reliability.

2. The public companies need to use a common or general set of rules and the standard format while making the reports.

3. The role of auditor is to review the financial statements and in addition Sarbanes-Oxley Act requires the CFO as well as CEO to attest personally to the accuracy of the financial statements.

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"An investor that has been unaffiliated with the issuer for at least 3 months is permitted to sell restricted shares under Rule

Travka [436]

Answer:

six months

Explanation:

Restricted shares are form of securities that are gotten in private sales, from an affiliate of the issuer or through an issuing house. Basically, restricted securities are a form of compensation given to investors in exchange for providing start up capital to a company hence are issued through employee stock benefit plans, private placements, regulation offerings etc.

According to rule 144, before an investor could sell any restricted securities in the market place, such securities must be held for a certain period of time, usually six months for a reporting company, who is subject to the reporting requirements of SEC 1949.

However, where the issuer of the securities is not subjected to reporting requirements of SEC, then the investor could hold them for a period of one year.

4 0

3 years ago

The CEO is considering your recommendations, and it will take time to make some of these changes. However, you know that it's no

RideAnS [48]

Explanation:

1- Hire an organizational consultancy specialized in diagnostics and solutions to improve the organizational culture, as an external view can be beneficial to perceive the organization free of bias.

2- Planning of the teams' routine and better redesign and definition of the functions of each employee, seeking greater integration and personal satisfaction with the work, which increases productivity and the valorization of the work.

3- Implementing changes in the way of communicating with the teams and providing feedback, clear and objective communication is essential for there to be a correct understanding of what is expected of each team and how to carry out the tasks to achieve the organizational objectives and goals.

5 0

3 years ago

IM Enterprises sells two products, Crunchies and Munchies. Crunchies have a 32 percent contribution margin and Munchies have a 3

german

Answer:

The multiple choices are:

A. No recommendation can be made by the data

B. It should sell more crunchies

C. It should sell an equal number of each product

D. It should sell more munchies

Option D, it should sell more munchies , is correct

Explanation:

In order to cover generate more margin while the fixed cost remains the same, hence profitability is improved overall, the best course of action would be to sell more munchies with a higher contribution margin.

In essence, I am in strong support of the company, IM Enterprises , selling more of munchies, option D, as that would improve its bottom-line in terms of more profit generation.

Whatever contribution is made on additional sales,directly impacts net income since fixed cost has been covered ,hence a product with higher contribution would have impact on increased profit

5 0

4 years ago

On January 1, 2020, Ayayai Corporation granted 5,100 options to executives. Each option entitles the holder to purchase one shar

azamat

Explanation:

The journal entries are as follows

On January 1, 2020

No entry is required

On December 31, 2020

Compensation expenses Dr $71,500

To Paid in capital - stock options $71,500

(Being the compensation expense is recorded)

On December 31, 2021

Compensation expenses Dr $71,500

To Paid in capital - stock options $71,500

(Being the compensation expense is recorded)

The computation is shown below:

= $143,000 ÷ 2 years

= $71,500

7 0

4 years ago

Matt johnson delivers newspapers and is putting away $19 at the end of each month from his paper route collections. matt is 9 y

Andre45 [30]

$FV=P({ \frac{ (1+r)^{n} -1}{r} )$

Where, FV = Value in account after 9 years, P = periodic deposits, r=apr, and n=number of times the deposits are made.

In the this case,
P = $19 monthly, r = apr/12, n=9*12=108 months

For APR = 5%,
FV= $19( \frac{ (1+0.05/12)^{108} -1}{0.05/12} ) = $2,584.82$

Fro APR = 10.5%
FV= $19( \frac{ (1+0.105/12)^{108}-1 }{0.105/12} ) = $3,392.34$

For APR = 14.5%
FV= $19( \frac{ (1+0.145/12)^{108}-1 }{0.145/12} ) = $4,180.98$

4 0

3 years ago

What checks are there on the accuracy of these​ statements? ​ (Select the best choice​ below.)

What checks are there on the accuracy of these statements? (Select the best choice below.)