The purpose of the Sarbanes-Oxley Act was to ______. Multiple choice question. provide greater scrutiny in accounting and reporting practices establish procedures for becoming a CPA eliminate accounting firms from having to hire accountants that are certified define generally accepted accounting principles

Answers

Answer 1

Answer: provide greater scrutiny in accounting and reporting practices

Explanation:

The Sarbanes-Oxley Act of 2002 is simply a Federal law which was out in place in order to audit and regulate the finances of public companies.

The Act is important as it helps protect employees, shareholders, and the public from fraudulent practices and accounting errors.


Related Questions

HELPPP PLEASE !
1. Write one paragraph about a person who decides that taking an hourly job with
tips is a better choice than accepting a salaried job with benefits.

Answers

We want to help the user to understand why it gives more preference to the hourly job as compared to the salaries job with benefits

The reasons why the hourly job is better than accepting the salaried job with benefits are as follows:

Hourly job considered to be the goods job for earning the money in haste or at the time when the insurance & vacation should not be considered as the deciding factor. The question that arises is that you are searching for a job or interested to run a family business that has various benefits.Salary jobs provides the compensation along with the other benefits the company provides like insurance, vacation time, incentives, life insurance. In the case of hourly job, the number of hours they actually work and how much energy they would put into their work. They could choose their time also eligible for overtimeIn the case of salaried job, the same amount of money should be provided but along with it the stress should be there like working on weekends, working 10-12 hours a day, etc

Therefore in these ways  hourly job is better than accepting a salaried job with benefits

Learn more about hourly jobs here: brainly.com/question/764472

If a $500 billion increase in investment spending increases income by $500 billion in the first round of the multiplier process and by $450 in the second round, income will eventually increase by:_________
A. $2,500 billion
B. $3000 billion
C. $4,000 billion
D. $5,000 billion

Answers

Answer:

D. $5,000 billion

Explanation:

quizlet

In Investment Multiplier concept If a $500 billion increase in investment spending increases income by $500 billion in the first round of the multiplier process and by $450 in the second round, income will eventually increase by $5,000 billion. Option D is Correct.

What is Investment Multiplier?

The idea that every increase in public or private investment spending has a greater than proportionately favorable influence on aggregate income and the overall economy is known as the "investment multiplier." It is based on John Maynard Keynes' economic theories.

The investment multiplier is the ratio of change in Y to changes in I where Y = investment and I = investment. It can be derived from the equilibrium equation (Y = C + I + G) and the consumption equation (C = a + bY).

Thus with rise in multiplier by $450 and then income will elevated to $5000 Billion.

To know more about Investment Multiplier refer:

https://brainly.com/question/13666642

#SPJ5

Required information Skip to question [The following information applies to the questions displayed below.] The Tennis Times (TTT) is a publisher of magazines. Its accounting policy for subscriptions follows: Revenues Revenues from our magazine subscription services are deferred initially and later recognized as revenue as subscription services are provided. Assume TTT (a) collected $420 million in 2018 for magazines that will be distributed later in 2018 and 2019, (b) provided $204 million of services on these subscriptions in 2018, and (c) provided $216 million of services on these subscriptions in 2019. Required: Using the information given, indicate the accounts, amounts, and accounting equation effects of transactions (a), (b), and (c). (Enter any decreases to assets, liabilities, or stockholders equity with a minus sign. Enter your answers in whole dollars.)

Answers

Answer:

The solution to the given question is defined in the attached file please find it.

Explanation:

Suppose that the equilibrium price and quantity for 1 bedroom apartments in Orange County is $2,000 and 250,000 respectively. What is the most likely outcome from the Orange County Board of Supervisors' implementation of a price ceiling at $2,500 for a 1 bedroom apartment

Answers

Answer: c. No effect

Explanation:

This is a non-binding price ceiling. A none-binding price ceiling is a price ceiling that is higher than the equilibrium price for a commodity in the market. As a result, there will be no effect on the market.

The reason being that a price ceiling is a price that companies and people are not meant to exceed. If this price is already higher than the equilibrium price, there would be no need to exceed or go below it it so there would be no effect.

The stock brokerage firm of Blank, Leibowitz, and Webber has analyzed and recommended two stocks to an investor. The investor was interested in factors such as short-term growth, intermediate growth, and dividends rates. The data on each stock is as follows: STOCK ($) FACTOR LOUISIANA GAS AND POWER TRIMEX INSULATION COMPANY Short-term growth potential, per dollar invested 0.36 0.24 Intermediate growth potential (over next 3 years), per dollar invested 1.80 1.50 Dividend rate potential 4% 8%The investor has the following goals: an appreciation of no less than $720 in the short term, an appreciation of at least $5000 in the next three years, and a dividend income of at least $200 per year. What is the smallest investment the investor can make to meet these three goals.

Answers

Fnjejeuru3736636463628383838jfjfjrjrjrjrjrjjrjrjfjriir

Ms. Colonial has just taken out a $150,000 mortgage at an interest rate of 6 percent per year. If the mortgage calls for equal monthly payments for 20 years, what is the amount of each payment? (Assume monthly compounding or discounting.)
How do you solve this w/o a financial calculator?

Answers

Answer:

1. The monthly payment is:

= $1,074.65

2. To solve this without a financial calculator, you will calculate the future value of the $150,000 at a discount rate of 0.5% (6%/12) for 240 months.  Then the calculated Future Value is divided by 240 to obtain the monthly payment.

Explanation:

a) Data and Calculations:

Mortgage = $150,000

Interest rate = 6% per year

Monthly payments = 240 (20 * 12)

Period of mortgage = 20 years

N (# of periods)  240

I/Y (Interest per year)  6

PV (Present Value)  150000

FV (Future Value)  0

Results

PMT = $1,074.65

Sum of all periodic payments = $257,915.18

Total Interest = $107,915.18

Without a financial calculator (using future value table):

Future value factor of 0.5% for 240 = 1.7194345

Future value of $150,000 = $257,915.18 ($150,000 * 1.7194345)

Monthly payment = $1,074.65 ($257,915/18/240)

If the average annual rate of return for common stocks is 11.7 percent, and 4.0 percent for U.S. Treasury bills, what is the average market risk premium?

Answers

Answer:

7.7%

Explanation:

Risk premium is the return an investor would want for holding a risky bond. It is the excess return earned over holding a risk free bond

Risk premium = return on risky asset - return on U.S. Treasury bills

The U.S. Treasury bills is considered to be risk free because the US government cannot default

On the other hands, stocks are risky because companies can default on payment of dividends due to various reasons e.g. insolvency

11.7 - 4 = 7.7%

A bookstore organizes its stock by topic. It has a mystery novel section, a romance novel section, a how-to-do-it section, a travel book section, etc. The bookstore is obviously using a _____ presentation. horizontal style/item usage book cover

Answers

Answer:

The correct answer is the second option: Item usage book cover.

Explanation:

To begin with, in the field of business management that focus specifically in the bookstores when they talk about an "item usage book cover" presentation it means that the managers decide to organize the stock by topic and that is related to the book cover and therefore to its item so that is why that they would have a mystery novel section, a romance novel section and much more of that. So every customer will understand inmediately that the bookstore is structured by the item of the book that could be easily recognize sometimes with its cover.

planning practices are different from organization to organization. do you agree?
explain

Answers

Answer:

yes I agree

Explanation:

because different organizations manufacture or provide different goods and services so it's not possible for them to have the same planning practices take for instance an organization that deals with the provision of food to refugees and an organization that deals with the manufacturing of goods these two organizations will plan differently on how to go about with there businesses.

I hope this helps

The following transactions took place in Boeing Business.
01.03.2021 - Purchase of goods costing Rs. 150000 from Airbus
company on credit.
05.03.2021 - Return of goods costing Rs. 30000 to Airbus
20.03.2021 - Sale of goods costing Rs. 100000 for Rs. 160000 on
credit
29.03.2021 - Payment of sales commission of Rs. 10000
02.04.2021 – Settlement of the full amount due to Airbus
What is the accounting equation which shows the net impact of the
above transactions in Boeing business as at 31.03.2021?
Assets
Liabilities
+
Equity

Answers

Answer:

1) Dr: Goods/Inventory (Asset increase) 150000

Cr: Payable (Liability increase) 150000

2) Dr: Payable (Liability decrease) 30000

Cr: Goods (Asset decrease) 30000

3) Dr: Payable (Liability decrease) 30000

Cr: Goods (Asset decrease) 30000

4) Dr: Receivables (Asset increase) 160000

Cr: Goods (Asset Decrease) 100000

Cr: Profit and loss (Equity increase) 60000

5) Dr: Commission Expense (Equity decrease) 10000

Cr: Cash (Asset Decrease) 10000

6) Dr: Payable (Liability decrease) 120000

Cr: Cash (Asset Decrease) 120000

Tamarisk, Inc. issued 20800 shares of $1 par common stock for $40 per share during 2022. The company paid dividends of $50000 and issued long-term notes payable of $458000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows

Answers

Answer:

$1,240,000

Explanation:

Calculation to determine the amount of cash flows from financing activities will be reported on the statement of cash flows

Cash flow from Financing activities

Issue of common stock $832,000

(20800 shares × $40)

Add Issued of long term notes payable $458,000

Less: Dividend paid -$50,000

Net Cash flow from Financing activities $1,240,000

Therefore the amount of cash flows from financing activities will be reported on the statement of cash flows is $1,240,000

You purchase a digital camera for $495.00, a case for $38.50, a zoom lens for $216.45, and a
memory card for $74.95. The sales tax is 7.15 percent.
12. What is the total price of your purchase before sales tax?
A. S824.90
B. $749.95
C. $883.88
D. $801.25

Answers

the answer is c because you have to add them up and idrk

which of the following quotes is the best way to tell your boss that you can't accept a new assignment right now?

a. I would like to work on this. but if I take this on I won't be able to meet my current deadline.

b. you know I already have this other deadline

c. I just don't know if I can get this all done

d. I don't have time sorry​

Answers

Answer:

a

Explanation:

it would be fine hopefully

The correct quotes are the best way to tell your boss that you can't accept a new assignment right now is "I would like to work on this. But if I take this on, I won't be able to meet my current deadline". Thus, option (a) is correct.

What is assignment?

An assignment is a judicial word used in the context of contract and property law. Assignment is the process through which one person, the assignor, passes rights or advantages to another, the assignee.

Assignment is providing someone to a specific job or piece of labor, or assigning someone to a specific location to complete a job.

The simplest approach to inform your supervisor that you can't take on a new job right now is to say, "I'd want to work on this, but if I take it on, I won't be able to fulfill my present deadline." Therefore, it can be concluded that option (A) is correct.

Learn more about assignment here:

https://brainly.com/question/25875756

#SPJ2

blank is a crucial factor to small business success A. Location B. Financing C. Advertising D. legal advice​

Answers

Answer:

Advertisement

Explanation:

Advertising

All of the following will improve a firm's liquidity position except: Answer A)increase long-term debt and invest the money in marketable securities B)increase accounts receivable turnover C)increase inventory turnover D)increase the average collection period

Answers

Answer:

i think answer B is right

but i am not sure

The parts of the process cost summary include:______.
a. cost charged to each job.
b. costs charged to departments.
c. cost assignment and reconciliation.
d. equivalent units of production.

Answers

Answer:

b. costs charged to departments. c. cost assignment and reconciliation. d. equivalent units of production

Explanation:

In Process costing, the company involved is producing a large amount of goods and services that are exactly the same. In order to assign costs therefore, the company will assign costs to all the products instead of individually.

Costs would be charged to various departments because they produce the goods so the entire department cost has to be assigned and reconciled with with the department that produce the goods. When the company only managed to partially complete the production of a good, they will still have to assign costs and so use equivalent units of production to do so.

Which of the following is true of good salespeople?


A. They know how to oversell their product so the customer can't say no.

B. They have tenacity but know when to walk away and move on to the next sales prospect.

C. They make promises they may not be able to keep in order to secure a sale.

D. They don't leave voice mail messages.

Answers

Answer:

Correct answer is A, They know how to oversell their product so the customer can't say no. Explanation: Good salespeople are those who sell more and more of their company's product.

If you want to melt a rock, even partially, there are three methods you can employ. Which of the following is not a way that melting is triggered in rocks in the Earth?

a. adding water
b. adding heat
c. releasing pressure
d. removing water

Answers

Answer:

D

Explanation:

There are three basic ways that rocks melt to form the lavas that erupt from volcanoes: decompression, addition of volatiles, and conduction.

but the question asked "which of the following is NOT a way"I hope this helped! have a great day!

In factorial designs, the response produced when the treatments of one factor interact with the treatments of another in influencing the response variable is known as _____.

a. replication
b. interaction
c. the main effect
d. a factor

Answers

Answer: B. Interaction

Explanation:

A factorial design enables the effect of several factors and the interactions that exist between them to be determined.

In factorial designs, the response produced when the treatments of one factor interact with the treatments of another in influencing the response variable is referred to as interaction.

Therefore, the correct option is B.

Suppose that an additional 350 hours per week can be obtained from the milling machines by working overtime. The incremental cost would be $2.00 per hour. What would be the allowable increase(from the excel sensitivity report) in overtime when compared to additional hours that can be obtained

Answers

Solution :

It is given that :

Additional time obtained per week from milling machines = 350

The incremental cost = $ 2 per hour

Therefore, the allowable increase for milling operation is 400.

This indicates that we can accommodate additional constraint RHS of [tex]200[/tex] hours.

Also we have to consider the impact on the profit of 2.25 which is an incremental cost of [tex]1.5[/tex] is well affordable.

You view tea and scones as perfect complements, and you prefer to consumer one cup of tea with one scone. Also, your indifference curves are plotted with tea on the vertical axis. If you presently have two cups of tea and one scone, what this the marginal rate of substitution (MRS) at this point

Answers

Answer:

Infinity

Explanation:

In the case when the tea and scones are considered to be the perfect complements also you give preference one cup of tea over the one scone

Plus the indifferent curve with tea should be plotted on the vertical axis

So in the case when there is 2 cups of tea with one scone so at this point, the MRS should be at infinity as the indifference curve should be in downward sloping because we presume that there is preferences done at monotonicity

Conducting a search of the story is part of store closing duties why

Answers

Searching for the store is part of store closing duties. Why?

A. To look for empty boxes

B. To ensure that all trash has been removed

C. To make sure someone is not hiding

D. To make sure all merchandise is on the sales floor

Answer:

B. To ensure that all trash has been removed

Explanation:

The purpose of conducting a search of the store which is part of store closing duties is to ensure no detail is overlooked such as removing all the trashes available and eventually avoiding more work for the next morning.

In some other cases, it is also an opportunity to clear the corridors or spaces of any merchandise, carts, or litter around the floors.

Company X has 2 million shares of common stock outstanding with a book value of $2 per share. The stock trades for $3 per share. It also has $2 million in face value of debt that trades at 90% of face value. What is the debt ratio that should be used to calculate WACC

Answers

Answer:

23.08%

Explanation:

The computation of the debt ratio is shown below:

Debt amount

= 2 million × 0.90

= 1.80 million

And,

Equity amount

= 2 million × 3

= 6 million

Now

debt ratio = debt amount  ÷ (amount of debt + amount of equity)

= 1.80 million ÷ ( 6 million + 1.80 million)

= 23.08%

List three (3) distinctions between limited liability partnership and conventional partnership using statute and decided cases.

Answers

If you're operating as a limited partnership, the general partner has unlimited liability for company losses and debts, while a limited partner has limited liability protection against company debts and losses. ... In an LLP, all partners have limited liability protection against company obligations and debts.

How have engineer contributed to the society?Explain​

Answers

Explanation:

Engineers contributed very significantly to a country's development from an agricultural economy to the one that includes manufacturing communication services and exploration to the country's natural resources like 10 hydro power oil and gas

Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $259,000 and an estimated residual value of $7,400 is expected to have a useful operating life of 85,000 hours. During April, the tractor was operated 200 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places.

Answers

Answer:

the depreciation expense is $592

Explanation:

The computation of the depreciation expense is shown below:

= (cost  - residual value) ÷ useful operating life × operated in april month

= ($259,000 - $7,400)  ÷ 85,000 hours × 200 hours

= $592

Hence, the depreciation expense is $592

The same should be considered and relevant too

Motors are assembled in a process with two resources. The first resource has a capacity of 2 motors per hour. The capacity of the second resource is 4.5 motors per hour. Demand for this process is 2.3 motors per hour.
Instruction: Round your answer to three decimal places.
What is the cycle time of this process (in minutes)? _______minutes

Answers

Answer: 26.1 minutes

Explanation:

The cycle time is calculated by the formula:

= Production time available / Desired output

Production time available = 1 hour as production is per hour.

1 hour = 60 minutes

Desired output is the demand per hour from the process

Cycle time = 60 / 2.3

= 26.1 minutes

Can you help me
please ​

Answers

Answer:

united nation childrens funds

Explanation:

i hope it helpful

Beck Inc. and Bryant Inc. have the following operating data: Beck Inc. Bryant Inc. Sales $336,700 $1,092,000 Variable costs 135,100 655,200 Contribution margin $201,600 $436,800 Fixed costs 138,600 268,800 Income from operations $63,000 $168,000 a. Compute the operating leverage for Beck Inc. and Bryant Inc. If required, round to one decimal place.

Answers

Answer:

Beck Inc Operating leverage 3.2

Bryant Inc Operating leverage 2.6

Explanation:

Computation for the operating leverage for Beck Inc. and Bryant Inc

Using this formula

Operating leverage = Contribution margin/Income from operation

Let plug in the formula

Beck Inc Operating leverage = $201,600/ $63,000

Beck Inc Operating leverage= 3.2

Bryant Inc Operating leverage= $436,800/$168,000

Bryant Inc Operating leverage= 2.6

Therefore the operating leverage for Beck Inc. and Bryant Inc are:

Beck Inc Operating leverage 3.2

Bryant Inc Operating leverage 2.6

Choose the correct statements about the ROC curve.
A. By plotting the true-positive rate against the false-positive rate for different threshold values, the ROC curve can be used to select the optimal model.
B. ROC stands for Receiver Operating Characteristic curve, which was originally developed to detect enemy aircrafts on radar.
C. The ROC curve is a useful diagnostic tool for determining the optimal classification model.
D. The ROC curve was originally developed to optimize healthcare and detect congestive heart failure readmission rate.

Answers

Answer:

B

Explanation:

The ROC stands for Reviever Operating Characteristics curve ehic was originally developed to detect enemy aircrafts on reader

The correct statement about the ROC curve is that  ROC stands for the Receiver Operating Characteristic curve, which was originally developed to detect enemy aircraft on radar. Thus, option B is correct.

What is a curve?

A curve can be defined as the relation that can be between the teo element. this is represented by the graph that is formed on the basis of the change in the elements that are surrounding it. If there is a change in one thing then there can also be a change in another and it may have an effect.

The best accuracy and false alarm rate for a classification algorithm at the approaches suggested are calculated and plotted to create the ROC curve.

The Receiver Operating Characteristic curve, abbreviated ROC curve, was created to find hostile aircraft using radar. Therefore, option B is the correct option.

Learn more about ROC curve, here:

https://brainly.com/question/14899251

#SPJ2

Other Questions
How many real solutions exist for this system of equations?y=x^2+4y= 4x. .zeroOB.one.twoODinfiniteResetNext g Find the probability of the following card hands from a 52-card deck. In poker, aces are either high or low. A bridge hand is made up of 13 cards. In poker, a flush (5 in same suit) in any suit Owens Orchards sells apples in a large bag by weight. A sample of seven bags contained the following numbers of apples: 23, 19, 26, 17, 21, 24, 22. a. Compute the mean and median number of apples in a bag. (Round your answers to 2 decimal places.) please help me out in this assignment! At a store, 2 gallons of milk cost $6.Which is the value of the ratio of dollars to gallons of milk?0.33per gallon$3 per gallon Modify the statistics program from this chapter so that client programshave more flexibility in computing the mean and/ or standard deviation.Specifically, redesign the library to have the following functions:mean(nums) Returns the mean of numbers in nums.stdDev(nums) Returns the standard deviation of nums.meanStdDev (nums) Returns both the mean and standard deviation of nums. Which of the following best describes a type of growth that is exponential atfirst but slows as the amount reaches a certain maximum value?A. Exponential decay B. Exponential growthC. Linear growth D. Logistic growth Natalie's team needs to make a decision on how to handle a big product recall. People on the team have a lot of strong opinions. Management wants everyone to come to a consensus and to find a solution that everyone can support. What's the best way to get to a consensus? a) Everyone on the team talks until the entire team agrees on one decision. O b) Everyone on the team discusses options and then votes. O c) The team passes the decision-making responsibility to an outside person. O di The team leader makes a decision without input from the other members. Grade 8 ( Geology )1. Choose The Correct Answer:i) Caves are formed by:a. solutionb. oxidationc. carbonationd. hydration write a short essay about the economy of South Sudan from 400 to 450 words identify the function as a power function, a polynomial function, or neither.f(x)=4(x^3)^3 explain in brief how some bacteria cause tooth cavities why is school regarded as secondary means of socialization What is the purpose of a poem that depends completely on images? Group of answer choices to prevent readers from thinking about ideas to make sure that readers don't think of anything else to show readers what would happen if we just thought in images to help readers see something in a new and different way pls help dont know what it is In a simple machine, what does it mean :i) If efficiency is said to be 65%. What is the measure of AC 20 points!!!!! Help!!!!A company manufactures car radiators. The cost of producing x car radiators is given by the function f(x) = 600x + 500.The revenue which the company receives for selling x car radiators is given by the function g(x) = 700x + 100.Determine the resulting profit function, h, of the company.Oh(s)f() - g(1) = -1001 + 400h(s)--g(1) - |(1) = 1001 - 400O h()f(x) + g(x)= 1,3001 + 600Oh(x)g(a) f(I) = (7000 + 100) (600x + 500) Mike, a Salvation Army bell ringer, has 20% as many quarters as nickels in his cup. If Mike has $6.00 in quarters and nickels, how many nickels does he have? pa answer po dito thank younonsense-reportcorrect answer-brainliest