Seven years ago, Eleanor transferred property she had used in her sole proprietorship to Blue

The Sarbanes-Oxley Act in 2002 was created to protect consumers against false advertising by monopolies.

Igoryamba

The statement "The Sarbanes-Oxley Act in 2002 was created to protect consumers against false advertising by monopolies." is false.

Sarbanes-Oxley Act placed the obligation of responsibility for a company's financial reporting squarely on the shoulders of its top executives in order to safeguard investors from corporate accounting fraud.

It required chief executive officers (CEOs) and chief financial officers (CFOs) to personally attest to the correctness of the information in financial reports and to affirm that controls and procedures were in place to evaluate and verify that accuracy.

In reality, CEOs and CFOs had to personally certify that financial reports complied with Securities and Exchange Commission(SEC) rules by signing them. Failure to comply with this might result in fines of up to $15 million and 20-year prison terms.

Hence, the given statement is false.

Learn more about the Securities and Exchange Commission:

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3 0

1 year ago

___________business that is carried out across national borders, including international trade, foreign manufacturing, and the g

maksim [4K]

Answer:

International business is the correct answer.

Explanation:

International business includes all economic activities that take place for the movement of resources, services, goods, people, thoughts, and technologies across national borders.

International business is important because International exchange makes the business more successful and to increase the market of its country.
The benefits of international business are: It Increase the Organization's reputation and expand the Company Markets.

5 0

3 years ago

Wildhorse Co. incurred research and development costs in 2018 as follows:

vazorg [7]

Answer:

d. $2,950,000

Explanation:

The computation of amount of research and development costs charged is shown below:-

Amount of research and development costs = Direct materials + Personnel cost + Consulting fee paid to outsiders + Indirect costs + Depreciation

= $995,000 + $795,000 + $345,000 + $270,000 + $545,000

= $2,950,000

Therefore for computing the amount of research and development costs we simply applied the above formula.

8 0

3 years ago

Golden years vitamin corporation targets consumers living in florida who are over age 65. golden years is using __________ segme

aalyn [17]

The answer is geodemographic segmentation. This is a multivariate measurable characterization strategy for finding whether the people of a populace fall into various gatherings by making quantitative examinations of numerous attributes with the presumption that the distinctions inside any gathering ought to be not as much as the contrasts between gatherings.

7 0

3 years ago

You are starting a family pizza parlor and need to buy a motorcycle for delivery orders. You have two models in mind. Model A co

harina [27]

The equivalent annual costs of each model are as follows:

Model A Model B

Equivalent annual costs $2,389.26 $3,008.47

Data and Calculations:

Model A Model B

Costs of motorcycle $8,200 $13,600

Expected years of usage 7 years 9 years

Annual maintenance costs $760 $740

Cost of capital = 9%

Annuity factor 5.03295 5.99524

PV of annual maintenance $3,825.04 $4,436.48

Total NPV of costs $12,025.04 $18,036.48

Equivalent annual costs $2,389.26 $3,008.47

($12,025.04/5.03295) ($18,036.48/5.99524)

Thus, the equivalent annual costs of each model are the dividend of the Total NPV costs divided by the Annuity Factor.

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8 0

2 years ago