Answer:
E) Create confidential systems for fraud reporting within a publicly traded company
Explanation:
The Sarbanes-Oxley Act was created to Crack directly down corporate fraud. The Act strengthens the independence and financial literacy of corporate boards and it establishes financial regulations for public companies
Answer:
(1) $313.95; $313.95
(2) $210.6; $206.70
(3) $97.49; $97.49
Explanation:
Skis:
Net realizable value = selling price - cost to sell - cost to complete
= 413.40 - 37.05 - 62.40
= $313.95
Historical cost = $370.50
LCNRV = lower of historical cost or net realizable value
= $313.95
Boots:
Net realizable value = selling price - cost to sell - cost to complete
= 282.75 - 15.60 - 56.55
= $210.6
Historical cost = $206.70
LCNRV = lower of historical cost or net realizable value
= $206.70
Parkas:
Net realizable value = selling price - cost to sell - cost to complete
= 143.81 - 4.88 - 41.44
= $97.49
Historical cost = $103.35
LCNRV = lower of historical cost or net realizable value
= $97.49
Answer:
$9,600,000
Explanation:
The computation of the projected operating cash flow is given below:
= EBIT × (1 - tax rate) + depreciation expense
where
EBIT should be
= $20,000,000 - $8,000,000 - $6,000,000
= $6,000,000
Now the operating cash flow should be
= $6,000,000 × (1 - 0.40) + $6,000,000
= $3,600,000 + $6,000,000
= $9,600,000
Answer:
The correct answer is letter "B": specialty goods.
Explanation:
Specialty goods are those for which buyers can make a special offer to acquire them based on special features the good has and brand recognition that makes it unique. <em>Luxury cars, cultural ornaments, </em>and <em>high-fashion clothing</em> are examples of specialty goods.
If the Fed conducts an open-market sale, bank reserves decrease, and the money supply is likely to decrease.
<h3>Open market operations</h3>
The Federal Reserve (the Fed) uses "open market operations" (OMO) to refer to the process of buying and selling U.S. Treasury securities as well as other securities on the open market in order to manage the amount of cash kept in reserve by U.S. banks. The Fed purchases and sells Treasury securities in order to increase the quantity of money in circulation and to decrease long-term interest rates.
The U.S. Federal Reserve uses open market operations to control the amount of money in circulation by buying and selling bonds and other securities. The Fed can utilize these transactions to increase or reduce the amount of money in the banking system and to raise or lower short-term interest rates, depending on the objectives of its monetary policy.
Learn more about open market operation here:
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