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GuDViN [60]
3 years ago
10

The Sarbanes-Oxley Act was designed to protect A. retired workers from losing their pensions B. corporations from misguided whis

tleblowers. C. CEO salary increases. D. CEOs from losing their golden parachutes. E. shareholders from the excesses and failed oversight of firms.
Business
1 answer:
Art [367]3 years ago
8 0

Answer:

E. shareholders from the excesses and failed oversight of firms.

Explanation:

The Sarbanes-Oxley Act of 2002 was designed to protect investors and shareholders from accounting frauds, misguided financial statements and intentional errors by improving accuracy and reliability of company's accounts. This act was created in response to financial scandals and frauds that took place before 2002. Public corporations are required to comply with the Laws and regulations in the Sarbanes-Oxley Act.

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Ruby, age 50, is considering going back to school. She would like to retire at age 67. She currently earns $50,000 per year. If
weeeeeb [17]

Answer:

Ruby should go to college.

Explanation:

Ruby is currently 50 years old and earning $50,000 per year.  

She would like to retire at 67.  

She is thinking of going back to college, to complete a graduate degree.

After completing a graduate degree from the college she would earn $55,000.

The total cost of a graduate degree is $75,000.  

Ruby still has 17 years to work and earn.  

Her income will increase by $5,000 after college

The increase in income earned after college until retirement

= $5,000 \times 17

= $85,000

Since the increase in income is greater than the cost of going to college, Ruby should go to college.

4 0
3 years ago
Canyon Buff Corp. is considering the purchase of a new piece of equipment which would cost $11,000. This equipment will have a f
Furkat [3]

Answer:

Tax shield on depreciation = 600

Explanation:

given data

new piece of equipment = $11,000

salvage value = $1,000

marginal tax rate = 30%

average tax rate = 20%

time period = 5 year

to find out

net effect of annual depreciation on the free cash flow

solution

we know here cost of asset and  Salvage value so we get depreciation cost  

depreciation cost is = 11000 - 1000 = 10000  

and

annual depreciation = 2000  

so that Tax shield on depreciation will be

Tax shield on depreciation = 2000 × 30%

Tax shield on depreciation = 600

5 0
3 years ago
After years of tinkering and reverse engineering initiatives, Kimray had finally unlocked the secrets of the Beta tape format. A
Karolina [17]

The correct answer is A; Change in project scope.

Further Explanation:

The project has now changed drastically from Beta tapes to VHS. With this happening, all of the work they had did on the Beta tapes is now null. The company will now have to change the scope of their work to working with VHS tapes.

A few of the things that will have to be done to change the scope of project are;

  • quality can be changed or modified
  • new costs
  • new tasks
  • new deadlines
  • more money needed to invest
  • functions

Learn more about project scopes at brainly.com/question/13234457

#LearnwithBrainly

3 0
3 years ago
Suppose that Marie is buying bananas. She decides that she would like to purchase three bananas at the price of $0.25 per banana
navik [9.2K]

Answer:

Marginal thinking

Explanation:

The economic foundation of marginal thinking requires decision-makers to evaluate whether the benefit of one more unit of something is greater than its cost. And according to this principle, Marie´s benefits of the first three bananas is higher than its cost, but the fourth banana will provide less benefit than the third and this is less than it cost.

7 0
4 years ago
On July 23 of the current year, Dakota Mining Co. pays $7,147,920 for land estimated to contain 9,048,000 tons of recoverable or
Korolek [52]

Answer:

ore deposits     7,147,920 debit

           cash                  7,147,920 credit

--to record purchase of land with ore deposit--

machinery         1,900,080 debit

        account payable       1,900,080 credit

Account payable 1,900,080 debit

            Cash                      1,900,080 credit

--to record machine installation and payment of it 2 days later--

depletion expense          368,535

depreciation expense       97,965

ore deposit                                          368,535‬

equipment accumulated depreciation 97.965‬

Explanation:

the first entries are quite self-explanatory

<u>Now, to calculate the depreication and depletion:</u>

The machine will be depreciate at the same phase as the ore deposit As the asset is relate to it and will have no value after the miniming project ends.

depreciation  for the year:

466,500 / 9,048,000 x 7,147,920  = 368.535‬ ore deposit amortization

466,500 / 9,048,000 x 1,900,080 =    97.965‬ equipment depreciation

3 0
3 years ago
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