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serious [3.7K]
3 years ago
11

The _____ was/were enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the

early 2000s.
a. Defense Industry Initiative on Business Ethics and Conduct
b. Dodd-Frank Wall Street Reform and Consumer Protection Act
c. Federal Sentencing Guidelines for Organizations
d. Foreign Corrupt Practices Act
e. Sarbanes-Oxley Act
Business
1 answer:
kondaur [170]3 years ago
6 0

Answer:

e. Sarbanes-Oxley Act

Explanation:

Sarbanes Oxley Act was incorporated and enforced in the year 2002.

This was done to provide protection to the investors in the stakes they invest from any fraudulent actions as performed by the companies.

The SOX Act provided certain guidelines and procedures to be followed while presenting and preparing the accounting records.

This clearly initiates a practice of fair disclosure by the corporations in their financial statements, which will not lead to any fraudulent activities and any discrepancies in the investors towards the corporations.

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Amount of dividends per share to be received each year
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A third-degree price discriminating monopolist can sell its output either in the local market or on an internet auction site (or
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Answer:

the firm should have sold less output in the local market, and more output on the internet auction site.

Explanation:

Based on the scenario being described within the question it can be said that in order to maximize profits the firm should have sold less output in the local market, and more output on the internet auction site. This is because marginal revenue indicates the additional revenue that will be generated by increasing product sales by one unit. Therefore since the internet auction site's marginal revenue is higher than the local store, it means that selling more units in the internet site will lead to more profit than the local market.

7 0
3 years ago
Read 2 more answers
A clothing store has ordered 100,000 swimsuits. It costs $22 to produce a swimsuit. They plan to sell them until August 31 at a
fomenos

Answer:

Total profit = $1800000  @ a given demand level of 100K units of swimsuit.

Explanation:

Lets first develop a formula representing the Total profit for any demand level, see as follows:

(Selling price per unit× d) - (cost per unit× d)= Total profit

We will be using the short forms of the components in this formula.

SP = selling price per unit

d= demand

cp= cost per unit

TP= Total profit.

Now lets substitute the values into the formula to compute profit at any demand level (in this case 100,000 units of swimsuits) as follows:

Total profit = ($40× 100000) - ($22× 100000)

Total profit = $4000,000 - $2200,000

Total profit = $1800000  @ a given demand level of 100K units of swimsuit.

<em />

<em>(NOTE: The formula mentioned above can be used to compute the correct profit for any demand level, even though if there is a change in sp and/or cp, the formula can also be useful.)</em>

8 0
3 years ago
Ruben, Gerald, and Norma all work for the same company. Gerald and Norma both evaluate the company’s financial picture, but Gera
dmitriy555 [2]

Answer:

The correct answer is (B)

Explanation:

Trust homie

7 0
3 years ago
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A ____ is drawn on a financial institution and is payable upon demand?
Molodets [167]

Answer: check

Explanation:

A <em>check</em> is drawn on a financial institution and is payable upon demand.

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3 years ago
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