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3 years ago

The PCAOB

Business

1 answer:

Andrei [34K]3 years ago

5 0

Answer: B)May seek removal of a person from a registered firm.

Explanation: PCAOB( Protecting Investors through Audit Oversight ) is the person assigned with the duty of the inspection of the audit reports, interest of investors, public organization's auditors etc.

They do their job/duty by the help of the components such as enforcement, setting of the specific standards,overseeing etc. They also get have the authority of removing of any person from organization on the basis of their duty. Thus the correct option is option (B)

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A firm has a market value equal to its book value. Currently, the firm has excess cash of $900 and other assets of $5,100. Equit

Harrizon [31]

Answer:

$850

Explanation:

Price per share = $6,000 ÷1,000 = $6

Number of shares repurchased = $900 ÷$6 = $150

New number of shares outstanding = $1,000 - $150 = $850

Therefore $850 shares of stock will be outstanding after the stock repurchase is completed

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3 years ago

All but one of the following is a mechanism intended to provide reassurance against imperfect information. Which is it?

nikdorinn [45]

Answer:D. financial capital markets.

Explanation:Imperfect Information is a term used in Economics to describe a situation where the two or more parties in a business contract have varying levels of Information about the said contract,one party may have more information about the Contract than the other party or parties.

Reassurance is the process of removing the doubts of a person as to a given action or contract, it is essential to reassure investors in the case of market crisis by Organisations and Government.

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3 years ago

Which type of risk is most significant for bonds?

Gelneren [198K]

<span>meowner’s policy, installing smoke detectors helps to avoid risk. create risk. reduce risk. </span>

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3 years ago

A recent survey was conducted to compare the cost of solar energy to the cost of gas or electric energy. Results of the survey r

RoseWind [281]

Answer:

option d) approximately 84%

Explanation:

Data provided in the question:

Mean, m = $92

Standard deviation, s = $13

Now,

we have to calculate percentage of homes will have a monthly utility bill of more than $79 i.e P(X > 79)

also,

P( X > 79) = 1 - P( X < 79)

Z-score for (X = 79 ) = $\frac{X-m}{s}$

Z = $\frac{79-92}{13}$

Z = -1

From the standard Z value vs P table, we have

P( Z < -1 ) = 0.1587

Thus,

P( X < 79) = P( Z < -1 ) = 0.1587

therefore,

P(X > 79) = 1 - 0.1587

P(X > 79) = 0.8413

= 0.8413 × 100%

= 84.13%

Hence,

option d) approximately 84%

7 0

3 years ago

At the beginning of a recent year, JetBlue's assets were $6,549 million and its equity was $1,546 million. During the year, asse

Simora [160]

Answer:

Thus, the JetBlue's equity at the end of the year is $1,654 million

Explanation:

In this case, the accounting equation is used.

Accounting equation means the equation which shows double accounting entry system. Double accounting means debit side and credit side. In this accounting equation, the total assets is equal to total liabilities + total equity.

Total Assets = Total Liabilities + Total Equity

$6549 = Total Liabilities + $1,546

Total Liabilities = $5,003 million

In the question the assets is increased by $44 million whereas liabilities is decreased by $64 million.

So,

Updated asset value = $6,549+$44

= $6,593 million

Updated liabilities value = $5,003 - $64

= $4,939 million

So, the ending equity value will be

= Ending assets - Ending liabilities

= $6,593 million - $4,939 million

= $1,654 million

Thus, the JetBlue's equity at the end of the year is $1,654 million

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3 years ago