The opportunity cost of earning an advanced college degree is that:

Congress passed the Sarbanes-Oxley Act to ensure that investors invest only in companies that will be profitable. select an opti

Debora [2.8K]

Answer:

1. False

2. False

3. False

4. True

5. True

Explanation:

1. False: Congress passed the Sarbanes-Oxley Act to ensure that investors invest only in companies that will be profitable.

Sarbanes-Oxley Act of 2002 is a legal framework which was passed by the 107th U.S Congress on the 30th of July, 2002. The law required that investment banking be completely made rid of research analysts who works at a broker-dealer firms, so that the analysts are not influenced to write favorable reports to enhance their potential investment banking businesses.

Hence, it is a federal law that imposes a stiffer penalty for any securities related law break offence by the accountants, auditors etc by mandating strict reforms to the existing securities regulations.

2. False: The standards of conduct by which actions are judged as loyal or disloyal are ethics.

Ethics can be defined as a standard of conduct that judges a person's action as either right or wrong.

Hence, it's a set of both written and unwritten principles, values or rules of moral conduct that guides (governs) human behaviors. Ethics is a reflection that is typically based on identifying what is good or bad, right or wrong and just or unjust with respect to human behaviors.

3. False: The primary accounting standard-setting body in the United States is the Securities and Exchange Commission (SEC).

In the United States of America, the financial accounting standards board (FASB) is the primary accounting standard-setting body.

The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining financial accounting and reporting standards for general guidance of individuals or capital providers such as investors, issuers and auditors.

4. True: The historical cost principle dictates that companies record assets at their cost and continue to report them at their cost over the time the assets are held.

5. True: The monetary unit assumption requires that companies record only transactions that can be measured in money.

4 0

3 years ago

Calgary Lumber Company incurs a cost of $315 per hundred board feet (hbf) in processing certain "rough-cut" lumber, which it sel

I am Lyosha [343]

Answer:

Calgary Lumber Company

Differential Analysis dated March 15:

Alternative 1 Alternative 2

Sell rough-cut Lumber Process to finished-cut

Sales $440 $600

Cost of processing 315 465

Profit $125 $135

Choose Alternative 2.

Explanation:

Calgary Lumber Company's differential analysis is a tool that its management can use to decide the alternative to pursue by examining the differences in the outcomes of two or more alternative actions. From the analysis done between the two alternatives open to Calgary, it appears that the second alternative will yield a higher profit of $135 instead of alternative 1's profit of $125. There is a differential profit of $10 per hundred board feet to be made if Calgary Lumber Company pursues alternative 2 instead of alternative 1.

5 0

3 years ago

Corporate governance is important to nations because: a. firms seek to invest in nations with national governance standards that

Mama L [17]

Answer:

Firms seek to invest in nations with national governance standards that are acceptable to them.

Explanation:

Corporate governance involves the way a company is been controlled by the owners or board of directors. It involves the rules by which workers abide and the hierarchy of workers.

Corporate governance is important to nations because in most cases it is the owners of a company that decide which country to invest in, and in most cases the investors critically check if the country has a suitable governing atmosphere for their business to run smoothly in.

6 0

3 years ago

In which ways did munsterberg suggest that psychologists could contribute to industry?

kenny6666 [7]

Munsterberg suggest that psychologists could contribute to industry in the ways as listed below:

Identifying people suitable for a specific job
Identifying the psychological conditions that will bring out the best from a worker
identifying optimum management strategies that will unite the employees to the organization's goal

<h3>Who is a psychologist?</h3>

A psychologist refers to an expert in psychology where psychology studies the mental health. This discipline deals greatly in how human behaves and the reason for such behavior.

Psychologists play a greater impact in making people act in a certain way since they can guess intelligently on the expected behavior of an individual under a given circumstance. This abilities of psychologists enabled Munsterberg to make the suggestions listed

Read more on psychology here: brainly.com/question/12011520

#SPJ1

4 0

2 years ago

A company purchased land for $350, 000 cash. Real estate brokers commission was $25,000 and $35,000 was spent for demolishing an

docker41 [41]

Under the historical cost principle the cost of land would be recorded at: d. $410,000 .

Explanation:

Given:

Purchase cost of land = $350,000

Brokers commission = $25,000

Cost for demolishing old building = $35,000

Principle cost of land = ?

Principle cost of land= Purchase cost of land+ Brokers commission+ Cost for demolishing old building

= $350,000+$25,000+$35,000

= $410,000

Principle cost of land= $410,000

The correct option is d.$410,000.

7 0

3 years ago