Answer:
(D) Earnings numbers are accurate
Explanation:
Under the Sarbanes–Oxley Act of 2002, the SEC requires CFOs to certify that the firm’s financial statements should represent true and accurate amounts. It does contain any false commitment which affects the overall shareholder decisions.
Moreover, the top manager of the company checks the accuracy of the financial reports which contains important and valuable information about the company.
So, all options are incorrect except D.
Answer:
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Explanation:
The question requires to calculate the annual percentage growth rate assuming it was constant.
The final earnings are equal to the initial earnings multiplied by 1 + the growth rate, raised to the number of periods.
Here:
- initial earnings = $0.50
- final earnings = $5.00
- number of periods = 10 years
Then, your equation is:
- $5.00 = $0.50 (1 + rate)¹⁰
Solving, you get:
Thus, the answer is the option b. 25.89%
Answer: b. 34.15 or higher
Explanation:
Short sales refer to the sale of borrowed stocks in anticipation that the stock price of the underlying stock will fall. This will then enable you to make a profit by buying the cheaper shares and giving it back to the entity you borrowed from thereby making a profit.
With short sales, the price is usually upward trending so will normally increase from the last price. As the last price here was $34.15, that would be the likely minimum for the next sale.
This means that the next sale will either be at a price of $34.15 or a price higher than that.
The correct answer is that the colon is being correctly used in the third choice.
The colon is being used correctly in the sentence: The kitchen assistants helped the chef by: chopping onions, blending spices, and plating the food. This is a correct use of a colon because it is being used to introduce a list of items.
Answer:
$87,900
Explanation:.
Calculation to List the items and amounts that should be included in the Land account
Purchase price $70,000
Broker’s fees $6,000
Title search and other fees $5,000
Demolition of old building $5,700
Grading $1,200
Land acquisition cost $87,900
($70,000+$6,000+$5,000+$5,700+$1,200)
Therefore the amounts that should be included in the Land account will be $87,900