All categories

3 years ago

Which area of business is affected by the Sarbanes-Oxley Act?

Business

2 answers:

Sauron [17]3 years ago

3 0

Answer:

C. Accounting

Explanation:

The Sarbanes-Oxley Act was passed into law in July 2002. The act aims are protecting investors and other users of financial information from fraudulent reporting by corporations.

The Sarbanes-Oxley Act seeks to make financial reporting and disclosures accurate, reliable, and transparent. The acts insist on the declaration of internal control measures that guarantee the accuracy of financial statements.

Elden [556K]3 years ago

3 0

Answer:

C. Accounting

I just took the quiz and made

100%

trust me

You might be interested in

The Donaldson Furniture Company produces three types of rocking chairs: the children's model, the standard model, and the exe

Nataly_w [17]

Answer:

Children's model = 7

Standard model = 9

Executive model = 13

Explanation:

Let a = number of children's model

b= number of standard model

c = number of executive model

According to the question given, the time allocation is as follows;

Cutting; a = 5 hr b = 4hr c = 7hr, Maximum hours = 162 hours

Construction; a = 3 hr b = 2hr c = 5hr, Maximum hours = 104 hours

Finishing; a = 2 hr b = 2hr c = 4hr, Maximum hours = 84 hours

We can therefore derive the equations.

5a + 4b + 7c = 162 (i)

3a + 2b + 5c = 104 (ii)

2a + 2b + 4c = 84 (iii)

Subtracting (iii) from (ii), a + c = 20, a = 20 - c (iv)

Substituting (iv) into (ii)

60 - 3c + 2b + 5c = 104

2b + 2c = 44 (v)

Substituting (iv) into (i)

100 - 5c + 4b + 7c = 162

4b + 2c = 62 (vi)

Subtracting (v) from (vi), we have

2b = 18; b = 9

Since b + c = 22,

c =22 - 9 = 13

Also, a + c =20

a = 20 - 13 = 7

4 0

3 years ago

Suppose a seven-year, $ 1 comma 000 bond with a 7.8 % coupon rate and semiannual coupons is trading with a yield to maturity of

n200080 [17]

Answer:

The price of the bond is 1,072.19

Explanation:

The price at which the bond trades for can be computed using the pv formula in excel which tries to discount to present value all the cash inflows receivable from the bond into today's present worth.

=-pv(rate,nper,pmt,fv)

rate is the yield to maturity of 6.50% divided by 2 since the bond pays interest semi-annually i.e 3.25%

nper is the number of coupon payments the bond would pay which is 7 years multiplied by 2 i.e 14

pmt is the semi-annual interest of the bond which is $1000*7.8%/2=$39

the fv is the face value of the bond of $1000

=-pv(6.5%/2,14,39,1000)=$1,072.19

4 0

3 years ago

7. Sandra owns stock in XYZ Company. She has voting rights, therefore, she must own

AleksAgata [21]

Answer:

Common stock

Explanation:

Common stock can likewise be referred to as a voting stock. Common stock for the most part conveys with it the privilege to decide on business element matters, for example, choosing the top managerial staff, building up corporate destinations and approach, and stock parts. Similarly, common stock can be broken into casting a ballot and non-casting a ballot classes.

5 0

3 years ago

Transferable skills necessary for successful employment include

harkovskaia [24]

Answer:

Answer is option d i.e. all of the above.

Explanation:

Transferable skills are the skills or qualities that an individual has acquired through their learning processes in school, colleges, and life. These skills are those qualities that help an individual to land a successful job. Therefore, all three skills mentioned, which are basic skills, thinking skills, and personal qualities; above are included in transferable skills. Hence, the answer is option d.

8 0

3 years ago

Read 2 more answers

One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second

Phoenix [80]

Answer:

The correct answer is option b.

Explanation:

GDP is a measure of economic growth that shows the level of final goods and services produced in an economy in a year. It includes only final goods and services, intermediate goods are not included.

So here the value of flour used to make bread will not be included as it is an intermediate good. But the value of bread will be included. The value of the second bag of the floor will be included as it is a final good sold to the consumer.

Increase in GDP

= $3 + $2

= $5

8 0

3 years ago