All categories

3 years ago

According to SEC independence regulations,

Business

1 answer:

Komok [63]3 years ago

5 0

Answer: Option (b) is correct.

According to Securities and Exchange Commission independence code: Pre-approval of accountants' work may be in reconciliation with comprehensive policies and transaction rather than categorical.

The Commission’s code, principally through Regulations S-X, focuses on the accomplishment of accountants, counting the autonomy condition for auditors that issue audit filed with Commission.

You might be interested in

A firm has issued $5 par value preferred stock that pays a $0.80 annual dividend. The stock currently sells for $9.50. In calcul

Aloiza [94]

Answer:

$9.50

Explanation:

In the given case, the value of the firm preferred stock is equal to the market value price or selling price of the preferred stock

In mathematically,

Value of the firm preferred stock = market price or selling price of the preferred stock

Value of the firm preferred stock = $9.50

It only consider the market price of the preferred stock

All other information which is given is not relevant. Hence, ignored it

7 0

3 years ago

Beyond standard benefits like vacation time, sick leave, and health

CaHeK987 [17]

Answer:

Higher salary, retirement plan

Explanation:

Before an employee takes up a job like this over what a rival business is offering, he checks the various benefits that each of these jobs has to offer him. Some of these are vacation time, sick leave etc.

But one very crucial determining factor is salary. Lots of people take up jobs with the pay in mind first. A higher salary makes a job more attractive to an employee. If the business is offering a higher salary, chances are that this employee would consider it to be more attractive. Also a job that offers retirement benefits is also attractive.

8 0

2 years ago

Fixed expenses are $499,000 per month. The company is currently selling 5,000 units per month. The marketing manager would like

damaskus [11]

Answer:

decrease of $8,900

Explanation:

Use the following formula to calculate the net operating income

Net operating income = Sales - Variables cost - Fixed cost

At Current Sales Level

Sales = 5,000 x $160 = $800,000

Variable cost = 5,000 x $48 = $240,000

Fixed cost = $499,000

Placing values in the formula

Net Operaitng Income = $800,000 - $240,000 - $499,000 = $61,000

At Increased Sales level

Sales = 5,900 x ($160-$13) = $867,300

Variable cost = 5,900 x $48 = $283,200

Fixed cost = $532,000

Placing values in the formula

Net Operaitng Income = $867,300 - $283,200 - $532,000 = $52,100

Now calculate the change in net operating income

Change in net operating income = Net operating income at current sales - net operating income at increased sales = $61,000 - $52,100 = $8,900

Hence, Net operating income is decreased by $8,900

3 0

3 years ago

Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 3,100 units ar

Ipatiy [6.2K]

Answer:

Cash Disbursement for selling and administrative expense = $42,370

Explanation:

Provided information,

Units to be sold in the month of March = 3,100 units

Variable selling and administrative cost per unit = $3.60

Fixed selling and administrative cost = $35,810

Depreciation included in fixed selling and administrative cost = $4,600

Cash fixed cost of selling and administrative cost = $35,810 - $4,600 = $31,210

Total cash cost of selling and administrative cost = Variable + Cash Fixed cost

Total variable cost = $3.60 $\times$ 3,100 units = $11,160

<u>Total cash disbursement = $11,160 + $31,210 = $42,370</u>

<u></u>

4 0

3 years ago

On January 1, 2019, Ola Company paid $388,900 for a $400,000 face value 3% corporate bond yielding 4%, interest paid annually on

shutvik [7]

Answer:

B. $15,556

Explanation:

As given in the question

Face value of bond = $400,000

Carrying value of bond = $388,900

Discount from par value = $11,100

Coupon rate = 3%

Bond yielding rate = 4%

Interest revenue for the year = Carrying value of bond x Bond yielding rate

Interest revenue for the year = 388,900 x 4%

Interest revenue for the year = $15,556

The correct option is B. $15,556.

8 0

3 years ago