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Flauer [41]
4 years ago
5

Accounting scandals that led to investigations of such well-known companies as AOL Time Warner, Global Crossing, Enron, Qwest Co

mmunications, and WorldCom resulted in the conviction of a number of corporate executives and the passage of the Sarbanes-Oxley Act of 2002. In these cases, the board of directors did not fulfill which of the following important obligations?
Instituting a compensation plan for top executives that rewards them for actions that serve stakeholder interests

All of these choices are correct.

Critically appraising the company’s direction, strategy, and business approaches

Creating meeting agendas to deal with regulatory compliance issues

Overseeing the company’s financial accounting and financial reporting practices
Business
1 answer:
Dvinal [7]4 years ago
5 0

Answer: Overseeing the company’s financial accounting and financial reporting practices.

Explanation:

The Board of Directors are meant to act on behalf of the shareholders to protect their interest. An important part of this protection is to monitor the company books for irregularities due to the penchant for managers to deviate from upholding shareholder interests to following their own.

In the cases of AOL Time Warner, Global Crossing, Enron, Qwest Communications, and WorldCom, the Board's Audit Committee failed in dispatching their mandate and because of that failed mandate, allowed the Executives to manipulate financial data in very unethical and very illegal ways to make it seem like the companies were profitable when they were not.

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Why did Samuel Gompers seek to forge closer ties with forward-looking corporate leaders? a. He wanted to work his way into circl
melisa1 [442]

Answer:

The answer is: C) He wanted to stabilize employer-employee relations.

Explanation:

Samuel Gompers worked very hard to make his beliefs and ideas "popular" not only among workers and politicians but also among corporate leaders. He was very pragmatic when dealing with politicians and management. He would sometimes support Democrats and other times Republicans. He tried to balance things out in favor of his union and himself obviously. He used his huge bargaining power to convince politicians and managers that his ideas were correct.

He didn´t support socialistic ideas in favor of destroying capitalism. He saw working for corporations as a means for employees to achieve the American dream.

3 0
4 years ago
Jeff Co. sells its giant cheese wheels for $36 per wheel. The contribution margin ratio is 75% and total fixed costs are $270,00
Damm [24]

Answer:

Level of sales in dollars in order to generate a profit of $54,000 Fixed cost + Target profit/Contribution per unit $270,000 + $54,0000/0.75

= $432,000

Number of units to be sold

= Level of sales/Selling price

= $432,000/$36

= 12,000 units

The correct answer is A

Explanation:

In this case, we need to calculate level of sales in dollars, which is fixed cost plus target profit divided by contribution margin ratio. Then, we will calculate no of units to be sold, which is the level of sales divided by selling price.

7 0
3 years ago
What is a benefit of applying artificial intelligence to accenture work
Leviafan [203]

Answer:

A benefit of applying artificial intelligence to accenture work would be humans and machines.

Explanation:

Why?, well because by using AI, people will have to spend more time on exceptional work: 20% of non-routine tasks that drive 80% of value creation.

8 0
3 years ago
You buy a lottery ticket to a lottery that costs $10 per ticket. there are only 100 tickets available to be sold in this lottery
zaharov [31]

You must look first for the probability of the 4 prizes which are $500, $100, $25, and no prize.
 P ($500 prize) = 1/100 or 0.01
 P ($100 prize) = 2/100 or 0.02
 P ($25 prize) = 4/100 or 0.04
 P (No prize) = 100/100 – 1+2+4/100 =93/100 .93

 

Expected gain or loss is computed by: (P(x)* n)

E= (500-10)*.01 + (100-10)*0.02 + (25-10)* 0.04 + (-10)*.93
= 4.90 + 1.80 + 0.6 – 9.3
E = -2

There is a loss of $2.

5 0
3 years ago
You sell one Huge-Packing August 50 (strike price) call contract and sell oneHuge-Packing August 50 put contract. The call premi
vladimir1956 [14]

Answer:

The strategy only pays off when the stock price in August is between $44.25 and $55.75. Thus, the answer is b.

Explanation:

The investor net gain on premium from option is $1.25 + $4.5 = $5.75.

The investor has to obligation to buy at $50 and obligation to sell at $50 in August.

As a result, Investor paid-off is described according to the spot price, denoted as x, of Hug-Packing in August as below:

Spot price <$50: 5.75 - (50 - x) = x - 44.25

Spot price = $50: $5.75

Spot price > $50 : 5.75 - ( x -50) = 55.75 - x

Thus, the strategy will pay off only when:

(x - 44.25) > 0 and (55.75 - x) <0 or x is between $44.25 and $55.75.

Thus, the answer is b.

7 0
4 years ago
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