Answer: Variable work schedule
Explanation:
Variable work schedule is a work schedule that is not fixed. Variable work schedule is a way through which the employees cover their work schedule in cases whereby they don't come to work for certain days.
In the question, Jessica is expected to work for forty-hours every week and her work schedule is from 9:00a.m to 5:00p.m. If she takes a day off, she has to make up for the day used by working extra hours. This is a variable work schedule.
The statement "The Sarbanes-Oxley Act in 2002 was created to protect consumers against false advertising by monopolies." is false.
Sarbanes-Oxley Act placed the obligation of responsibility for a company's financial reporting squarely on the shoulders of its top executives in order to safeguard investors from corporate accounting fraud.
It required chief executive officers (CEOs) and chief financial officers (CFOs) to personally attest to the correctness of the information in financial reports and to affirm that controls and procedures were in place to evaluate and verify that accuracy.
In reality, CEOs and CFOs had to personally certify that financial reports complied with Securities and Exchange Commission(SEC) rules by signing them. Failure to comply with this might result in fines of up to $15 million and 20-year prison terms.
Hence, the given statement is false.
Learn more about the Securities and Exchange Commission:
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Answer:
A. $816,000
Explanation:
The formula to compute the net sales is shown below:
= Total sales - sales returned
where,
Sales returned = Total sales × sales return percentage
= $850,000 × 4%
= $34,000
And, the total sales is $850,000
Now put these values to the above formula
So, the value would equal to
= $850,000 - $34,000
= $816,000
Answer:
Journal Entry
01 July Debit Investment $240 million Credit Bank $200 million Credit Discount on investment $40 million
31 Dec Debit Bank $7,2 Million Debit Discount on Bond $0.8 million Credit Interest Income $8 million
Debit Fair Value loss on investment $30 million Credit Investment $30 million
Explanation:
Interest is received semiannually
6%/2 = 3%
interest = $240 million * 3% =7,200,000
8%/2 = 4%
Interest market $200 million * 4% =8,000,000
Fair value loss = 240 million - 210 million
= 30 million loss because cost is greater than fair value
Answer:
FV= $44,269.11
Explanation:
<u>First, we need to calculate the future value of the lump-sum deposit of $20,000:</u>
<u></u>
FV= PV*(1 + i)^n
FV= 20,000.01*(1.05^11)
FV= $34,206.8
<u>Now, the future value of the $800 annual deposit:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {800*[(1.05^10) - 1]} / 0.05
FV= $10,062.31
<u>Finally, the total future value:</u>
FV= $44,269.11
