Answer:
Sarbanes-Oxley Act of 2002.
Explanation:
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, the legislation that requires a broker-dealer's research analysts to be completely separated from that firm's investment banking department is the Sarbanes-Oxley Act of 2002.
<em>It is a 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. </em>
Answer:
the budgeted cost of goods sold is $9,600
Explanation:
The computation of the budgeted cost of goods sold is shown below:
As we know that
Budgeted cost of goods sold = Beginning inventory + Purchase - Ending Inventory
= $2,400 + $8,600 - $1,400
= $9,600
Hence, the budgeted cost of goods sold is $9,600
Answer:
C. $300,000
Explanation:
Shue Capital Account:
contribution 50,000
partnership income x 30%
withdrawals (240,000)
change in capital account (100,000)
50,000 + Shue profits - 240,000 = -100,000
Shue profit = 240,000 - 100,000 - 50,000
Shue profit = 90,000
Partnership profit:
90,000 / 0.30 = 300,000
Answer:
Annuity due, because it yields a greater future value.
Explanation:
Given that the future value of the ordinary annuity is $22713.1822713.18
Rounded off to the nearest cent we get
22713.18 $ from ordinary equity
The future value of the annuity due is $25211.6325211.63.
Rounded off to the nearest cent we get
25211.63 $
Assuming all else are identical , we prefer to select the one which gives more future annuity.
On comparison we find that annuity gives more future value.
So answer is
Annuity due, because it yields a greater future value.
Answer:
A. $5,560
Explanation:
The computation of the total interest revenue is shown below:
= Five-year payments received of note payable - present value of note payable
where,
Five-year payments received of note payable = Annual year payment received × number of years
= $5,009 × 5 years
= $25,045
And, the present value of the note payable is $19,485
Now put these values to the above formula
So, the value would equal to
= $25,045 - $19,485
= $5,560
