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KiRa [710]
3 years ago
5

The Sarbanes-Oxley Act of 2002 holds a public company's ________ responsible for the accuracy of thr firm's financial statements

.
Business
1 answer:
Dominik [7]3 years ago
4 0

Answer: c. managers

Explanation:

The Sarbanes-Oxley Act of 2002 was passed into law after several accounting frauds rocked the nation in the early 2000's which included the Enron and the WorldCom sagas. These companies had engaged in fraudulent accounting recording practices that deceived investors and ultimately caused massive harm when they were discovered.

As a result, the aforementioned act was passed. One of it's key points is that Management will now be responsible for the accuracy of a firm's financial statements. This logic here is that they will scrutinize the statements more and ensure the accuracy of statements before they are released.

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As the volume of financing increases, the costs of the various types of financing will ________, ________ the firm's weighted av
charle [14.2K]
<span>As the volume of financing increases, the costs of the various types of financing will increase, raising the firms weighted average cost capital. This happens because the firm will have to pay more in fees for their financing an that will be passed on to the firms weighted average cost capital.</span>
7 0
3 years ago
Which of the following is included in the normal journal entry to record the collection of accounts receivable previously writte
dlinn [17]

Answer:

Debit Accounts Receivable, credit Allowance for Doubtful Accounts.

Explanation:

To record the collection of accounts receivable previously written off when using the allowance method, the first step is  to debit Accounts Receivable, and then credit Allowance for Doubtful Accounts. This purpose of this to reverse the already written off amount.

The next step after that is to complete the entries by debiting Cash, and crediting the Accounts Receivable to record the cash collection in respect of previously written off accounts receivable.

8 0
3 years ago
Suppose Antonio and Caroline are playing a game in which both must simultaneously choose the action Left or Right. The payoff ma
Akimi4 [234]

Answer: See explanation column for answer

Explanation:

                                Caroline

                           left           Right

Anthonio   left   6,6             6,3

                  Right  4,3            5,5

The first digits in both left and right  is Anthonio's best response payoff given what Caroline chooses. Also, the second digit on both left and right is Caroline's best response payoff  based on what Anthonio chooses.

When Antonio chooses left, Caroline should choose left so as to get a payoff of 6, also when Antonio chooses right, Caroline chooses right to get a payoff of 5. therefore, there is no dominant strategy for Caroline.

The dominant strategy for Antonio occurs  

When Caroline chooses left, Antonio will have to choose left to get a payoff of 6, also when  Caroline chooses right, Antonio should choose left to get a payoff of 6. So, the dominant strategy for Antonio is to choose left.

The only dominant strategy in this game is for Antonio, to choose left.

b).  For Nash Equilibrum, Antonio will have to choose his dominant strategy, that is to choose left, which will make  Caroline is to choose left so as to get a payoff of 6. So, the Nash equilibrium is for Antonio to choose <u>left </u>and caroline chooses<u> left</u> too

8 0
3 years ago
"Bennett Co. has a potential new project that is expected to generate annual revenues of $247,700, with variable costs of $137,6
Nostrana [21]

Answer:

$40,960

Explanation:

The computation of the operating cash flow is shown below;

As we know that

Annual Operating Cash Flow is

= EBIT × (1 - Tax Rate) + Depreciation Expenses

Here,

Earnings Before Interest & Tax [EBIT] = Revenues - Variable Cost - Fixed Costs - Depreciation Expenses

= $247,700 - $137,600 - $56,500 - $22,000

= $31,600

Now

Annual Operating Cash Flow = EBIT × (1 - Tax Rate) + Depreciation Expenses

= $31,600 × (1 - 0.40) + $22,000

= [$31,600 × 0.60] + $22,000

= $18,960 + 22,000

= $40,960

5 0
3 years ago
Cuál es la teoría de Adams?
mash [69]

Answer:

Adams' Equity Theory calls for a fair balance to be struck between an employee's inputs (hard work, skill level, acceptance, enthusiasm, and so on) and an employee's outputs (salary, benefits, intangibles such as recognition, and so on).

Explanation:

Hope it works!!

8 0
3 years ago
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