The Sarbanes-Oxley Act of 2002 was established in response to many illegal company practices and accounting coverups in the early 2000s. The legislation was responsible for establishing the Public Company Accounting Oversight Board, a new oversight board for public accountants. Thus, the right answer is the Public Company Accounting Oversight Board.
What is the Public Company Accounting Oversight Board?The Sarbanes-Oxley Act of 2002 established the Public Company Accounting Oversight Board as a nonprofit corporation to oversee audits of public companies and other issuers in order to protect investors' interests and further the public interest in the preparation of informative, accurate, and independent audit reports. To improve investor safety, the PCAOB also regulates broker-dealer audits, including compliance reports filed under federal securities laws. The US Securities and Exchange Commission must approve all PCAOB rules and standards.
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17 a firm requires an investment of 18,000 and will return 24,000 after one year. if the firm borrows 12,000 at 8% what is the return on levered equity?a. 100.8%b. 67.2%c. 117.6% d. 84%
The return on levered equity of a firm = 84%
Option D is correct .
Levered equity :Leveraged equity is the stock of a company that has important debt, which is also called as influence. Because the company operates initially by using debt, leveraged equity carries further threat than prescriptive equity. Depending upon the quantity of influence a company has, it can be as serious as debt
Evaluating the levered equity :Equity = Investment amount - debt
Equity = 18,000 - 12,000 = 6,000
Interest = (8 / 100) × 8000
= 960
Profit = Return - investment - interest
Profit = 24,000 - 18,000 - 960
Profit = 5,040
Return on levered equity = (Profit / equity) × 100
Return on levered equity = (5,040 / 6000) × 100
Return on levered equity = 84 %
What's a levered cost of equity?
The levered cost of equity represents the threat factors of the fiscal structure of a enterprise. To finance the systems of a enterprise, companies frequently need to resort to debt that's composed from the market. The market offers the debt by the finances of the investors.
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the debt to equity and the times interest earned ratios provide investors and creditors with a measure of
The debt to equity and times interest earned ratios provide investors and creditors with measure of financial risk.
What is financial risk?Any of the many risks connected to funding, such as those posed by financial transactions involving at-risk business loans, are referred to as financial risks. It is frequently assumed that it solely refers to financial loss possibility and unpredictability on the negative.
Modern portfolio theory, which was first introduced by Dr. Harry Markowitz in 1952 with his article "Portfolio Selection," has developed into a science that deals with managing market and financial risk. In contemporary portfolio theory, risk is defined by a portfolio's variance (or standard deviation). Equity risk is the possibility that changes will be made to implied volatility or stock prices generally (i.e., unrelated to a specific business or sector).
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in medieval england, when wages went up group of answer choices more children joined the labor force. more women joined the labor force. students dropped out of school to take up jobs. workers put in fewer hours. more children joined the labor force, more women joined the labor force, and students dropped out of school to take up jobs.
In medieval england, when wages went up workers put in fewer hours.
The time frame known as the medieval era runs from 1066 to 1485. A new era began with William of Normandy's victory against King Harold at the Battle of Hastings. The Norman conquest of England resulted in the overthrow of the Saxon realm.
The Roman Emperor experienced a significant loss of power over Europe in 476 AD, which marked the start of the medieval era, also known as the Middle Ages or the Dark Ages. The Middle Ages, which lasted between 1400 and 1450, were roughly 1,000 years long.
During the Middle English era, the word Engla land was haplologized to England (Engle-land, Engelond). Old French and Anglo-Norman names for the place were Engleterre and Anglia, respectively.
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the largest one-day drop in stock prices in history occurred on april 14, 2000. group of answer choices true false
The April 14, 2000 inventory market crash used to be the largest one-day drop in inventory expenditures in history up to that point.
During the 1990s, religion in the United States lost tons of its appeal, as a secular lifestyle primarily based on consumption and mass entertainment dominated American society.
What do secular humans agree with in?Secular humanism posits that human beings are capable of being moral and ethical without faith or faith in a deity. It does not, however, count on that humans are either inherently excellent or evil, nor does it present human beings as being foremost to nature.
In present day English, secular is in particular used to distinguish some thing (such as an attitude, belief, or position) that is no longer specifically spiritual or sectarian in nature (for example, music with no religious connection or affiliation might be described as "secular").
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ricardo is 17 years old. he signs a written contract with joe. under the terms of the contract, joe sells ricardo a car and a motorcycle. ricardo pays joe $1,000 down and is required to pay $500 a month for 12 months. after 3 months, ricardo turns 18 and tells joe that he wants to void the contract for the purchase of the car. ricardo wants to keep the motorcycle. can ricardo void the contract under those terms?
Yes. Ricardo was 17 so he can void the contract.A contract that a minor signs has two options: it can be upheld or canceled.
Why can minors void contracts?In most places, people who are minors (under the age of 18) lack the legal competence to enter into a contract.Therefore, a kid who signs a contract has the option of upholding it or having it canceled.However, there are a few outliers.For instance, a minor often cannot revoke a contract for basic needs like food, clothing, and housing. Since minors lack the legal capacity or competence to independently enter into legally binding agreements or contracts, any contracts they make are void.These people are categorized differently under the law since it is assumed that they are not entirely conscious of what they are doing. In most cases, only people who are of legal age can sign contracts.This means that those who are children, mentally ill, or who lack certain civil rights are not able to enter into contracts.It is important to keep in mind that the age of majority was only lowered from 21 to 18 in 1969, meaning that minors in the early cases were older than they are now when analyzing the cases referenced in regard to the competence of minors.Contracts entered into by minors are typically voidable at the minor's discretion.To learn more about void contract refer
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bill sells his 500 acre farm to mr developer. if the agreement contains a clause that requires a zoning permit within 60 days of the closing, this would be an example of a .
This would be an example of a condition subsequent. An occurrence or situation that, if it happens, will end one party's responsibility to the other is known as a condition following.
Because they go into effect after a party has already taken on a responsibility or after an interest has already accrued, conditions subsequent differ from related conditions predecessors. A condition precedent is a requirement that must be met in order for a title to be full. A responsibility that follows is one of the accomplishments that terminates a title that has already been finished. For instance, if a customer's home is destroyed by fire while the insurance policy is in effect.
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hy don't banks hold 100 p ercent reserves? how is the amount of reserves banks hold related to the amount of money the banking system creates?
The reason why banks don't have 100% reserves is because it is more profitable to use reserves to make loans. The number of reserves banks hold is associated with the number of money the banking system product along the money multiplier. The smaller the fraction of reserves banks hold, the larger the money multiplier, because every dollar of reserves has a function to make more money.
A central bank, monetary authority or also known as reserve bank, generally can be defined as an institution that manages monetary policy and the currency of a state or formal monetary union, and oversees their commercial banking system. Bank don't want to keep the rest of money because bank can earn advantage by loaning some of the reserves out.
This question is not complete, the complete question is:
"why don't banks hold 100 percent reserves? how is the amount of reserves banks hold related to the amount of money the banking system creates?".
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in which situation is the amount of money earned determined by a proportional relationship? an editor charged her clients $1.25 per page for editing. a tour guide at the museum was paid a salary of $1,500 for the entire year. a dog walker charged her clients a $10 flat-rate monthly fee plus $5 per walk. a songwriter was paid a different amount for each song she wrote depending on its popularity.
The situation where the amount of money earned determined by a proportional relationship is a dog walker charged her clients a $10 flat-rate monthly fee plus $5 per walk.
What is a Proportional relationships?Proportional relationships ca be described as the relationships tha can be seen between two variables and between this variables the ratios are equivalent.
It should be noted that when dealing with the proportional relationship, it should be taken int the consieration that one variable among the determinant variables is always a constant value times the other.
In conclusion, this can be seen in the way the option C is arrnged, because the we see how the client do charge the amount of $10 which is the flat rate that is been charged for every work without changing the price which remain constant with the charges that can chage depending on the work.
Therefore the third option is correct.
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In which market model do firms rely on product differentiation to distinguish themselves from the competition?.
In the monopolistic competition market model companies rely on product differentiation to distinguish themselves from their competitors.
In a monopolistic competitive market, firms differentiate their products based on the product differentiation strategy. Product differentiation is a marketing strategy that gives the edge to firms in a monopolistic competitive market. Firms in monopolistic competition attempt to stand out to potential customers and distinguish their products from other firms in the competition.
What is the Monopolistic Competitive Market?
A market is termed as monopolistic competitive when there are many firms producing the same kinds of products and services. These products and services are similar but are not perfect substitutes for each other. When a firm enters into a monopolistic competitive market, typically it encounters very low barriers since, in the monopolistic competitive market, the decisions of any firm do not directly affect other firms in the market.
Here is the complete question:
"
In which market model do firms rely on product differentiation to distinguish themselves from the competition?.
a) pure competition
b) oligopoly
c) pure monopoly
d) monopolistic competition
"
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a company that produces solar panels for domestic use has 800 permanent employees working in different departments. if the company gets involved in a case of intentional employee discrimination, what is the maximum amount of punitive damages it would have to pay under the civil rights act of 1991?
$300,000 is the maximum amount of punitive damages it would have to pay under the civil rights act of 1991.
The Civil Rights Act of 1991 was ratified by President George H. W. Bush on November 21st, 1991. This statute created the possibility of emotional distress damages caused by deliberate job discrimination, as well as the right to jury trials in situations where there have been charges of discrimination.
Financial penalties imposed on the defendant for outrageous behavior and/or to reform or stop the defendant and others from repeating the actions that gave rise to the lawsuit are known as punitive damages, also known as exemplary damages or exemplary punishment.
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the maximum quantity that an economy can produce, given its existing levels of labor, physical capital, technology, and institutions, is called: group of answer choices
Potential GDP is the maximum amount that an economy can create given its current levels of labor, physical capital, technology, and institutions.
What does GDP mean?
The Gross Domestic Product (GDP) is a measure of the financial value of finished goods and services, which are said to be purchased by the ultimate user.
How much is potential GDP?
The maximum rate or quantity that an economy is known to be able to make or produce under full employment of its previous levels of labor, physical capital, and other resources is known as potential GDP, also known as full-employment GDP.
Consequently, the maximum amount that an economy may generate under its current
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suppose a country suffers from a recession. identify the components of countercyclical fiscal policy reflected in the following examples.
Imagine a nation experiencing a recession. The following examples illustrate both the discretionary and automatic aspects of countercyclical fiscal policy.
Countercyclical fiscal policy: what is it?A counter-cyclical fiscal policy is a term used to describe the government's approach to using fiscal tools to combat boom or recession. It works to buck the current boom or recession trend, attempting to balance the economy. In these two phases, countercyclical fiscal policy naturally operates in two opposite directions.
A business cycle condition known as a recession is one in which demand is weakening and economic growth is declining. Here, the government's duty is to create demand by adjusting taxing and spending practices. Tax reductions and spending increases will help to boost the economy by generating demand.
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which of the following is likely to shift the credit demand curve of an automobile manufacturer to the right, assuming all else equal? group of answer choices a decrease in the real interest rate an increase in the real interest rate a plan to increase production and expand to newer markets a plan to decrease production and exit from existing markets
Option b.) A plan to increase production and expand to newer markets as most small businesses decide to grow their business and increase sales and profits is the correct answer.
However, there are certain methods companies must employ to execute their growth strategies.Common growth strategies in business include penetration , market expansion, product expansion, diversification, and acquisitions. In a purchase , a corporation acquires another company to expand its business. Small businesses can use this sort of strategy to expand their product range and enter new markets. Acquisition growth strategies are risky, but not as risky as diversification strategies.
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a(n) change involves introducing a practice that is new to the industry, such as using drones (rather than delivery trucks) to deliver products to customers. multiple choice innovative radically innovative adaptive reactive
Introducing a new practice, such as using drones rather than delivery trucks to deliver products to customers, is an example of a radically innovative change.
Is the set of methods for putting planned change into action?A set of methods for putting planned change into action to improve people's and organizations' effectiveness is known as organizational development (OD).
The force change strategy, the educational change strategy, and the rational or self-interest change strategy are the three most common methods for bringing about organizational change.
What are the five 5 factors that help methodology execution?Frequently neglected are the five key parts important to help execution: structure, systems, people, resources, and culture order to move from creating the plan to putting it into action, each component needs to be in place.
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would the u.s. economy be better off without government intervention in agriculture? who would benefit? who would lose?
The agriculture sector is complicated since it consists of privatised farms that follow rules and procedures that virtually qualify them as public goods. The question of whether the government ought to get more involved in the agriculture sector is still up for discussion.
Except for just ensuring that farms are employing safe procedures to cultivate their food, the United States would be better off without any government involvement in agriculture. In other words, the government would keep an eye out to make sure farmers weren't using banned items, pesticides, or grazing animals that would transmit illness. However, when the government intervenes in any sector of the private sector, sets pricing, or acquires a share in any property or resource that has been privatized, it greatly dilutes its influence, and the overall effectiveness and quality of the end result typically suffer.
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a firm is evaluating two mutually exclusive projects that have unequal lives. the firm must evaluate the projects using the annualized net present value approach and recommend which project they should select. the firm's cost of capital has been determined to be 14 percent, and the projects have the following initial investments and cash flows: tableau3 ( ( project r project s)(initial investment: $40,000 $58,000cash flows: 1 $20,000 $30,000 2 20,000 55,000 3 20,000 4 20,000) ) which project should the firm select?
Pick Project S since it has a $6459 ANPV.
To choose the most favorable project, the ANPV restates the project's NPV into an annual annuity value.
The result is displayed below:
Year Discounting factor at 14% Project R PV of project R Project S PV of project S
0 1 -$40,000 -$40,000 -$58,000 -$58,000
1 0.8772 $20,000 $17,544 $30,000 $26,316
2 0.7695 $20,000 $15,389 $55,000 $42,321
3 0.6750 $20,000 $13,499
4 0.5921 $20,000 $11,842
NPV $18,274 $10,636
Where discounting factor for year 1 = 1 ÷ 1.14
= 0.8772
So,
ANPV for project R = 18274 ÷ 2.9137
= $6272
ANPV for project S = 10636 ÷ 1.6467
= $6459
The cumulative discounting factors are 2.9137 for four years and 1.6467 for two years, both at a 14% rate.
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more than half of the ads for wheel of fortune, a game show that is offered to local stations for free or a reduced rate, are presold to national advertisers. which term best describes this situation?
In addition, radio is a low-cost medium, especially when compared to television. Advertisers can frequently communicate with customers through radio without spending all of their budget on more expensive advertisements.
What is it called when viewers switch channels to avoid commercials?Various uses of the term "zapping" include "channel switching" (Kaplan, 1985), "muting of commercials while on the air," and "fast forwarding of video-taped commercials" (e.g., Tauber, 1985).
For what reason does television play similar ads again and again?He stated, "The rationalization is that in a media landscape that is cluttered with quick cuts, playbacks, and other commercials, all of them aim to get our attention."A good thing is that the same spot always runs. This provides continuity.
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return on equity (roe) is: group of answer choices a financial metric. an economic metric. an operating metric. a market metric. none of these answers is correct.
Return on Equity (ROE) is a financial metric. Therefore option (a) 'financial metric' is the correct answer.
Return on equity (ROE) is a measure that provides investors with insight into how efficiently an organization handles the money contributed by shareholders. In other words, Return on Equity (ROE) is a financial metric that measures the profitability of the organization in relation to equity given by stockholders. The higher ROE means that the organization is more efficient in generating income and growth from its equity financing.
ROE is used to compare an organization to its competitors and the overall market within the same industry, since ROE provides an indication of which organizations are functioning with greater financial efficiency.
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suppose the owners of big box deluxe and homes r us meet for a friendly game of golf one afternoon and happen to discuss a strategy to optimize growth related profit. they should both agree to
They should agree to work together to develop a plan to maximize their combined revenues and Profits.
In order for a business to succeed, profitability and expansion are essential. A corporation's financial survival depends on profit, not growth, in order to achieve long-term success and profit. It is important for investors to take into account each consideration in light of the individual company.
Financial institutions, investors, and shareholders can also provide capital to businesses that increase profitability. The production of profit may enable a business to continue operating even if it is currently not profitable.
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describe several sources of uncertainty in estimating the cost of a project as well as strategies you can employ to address uncertainty.
Several sources of uncertainty in estimating the cost of a project are Changes in prices over time. Inflation, government policy, market factors.
Methods to handle uncertainty in economy have gained much attention. Not only does uncertainty permeate every aspect of strategy, it also serves as the precise justification for its necessity. Without ambiguity, getting from point A to point B would just require a strategy.
There are many aspects of running a business that you simply have no control over, including the state of the economy, current political affairs, and the behavior of your rivals. However, in the strategy room, uncertainty is rarely taken into obvious and substantial account.
Various strategies to address uncertainty are-
Invest in solutions for agile operationsLook for where there are gaps or opportunitiesBe transparent with your workforceCreate predictability in small dosesTo know more about uncertainty refer:
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are liquidated damages intended only for missing the completion date of a project, or may they also be established for failure to meet mid-project interface dates?
Liquidated damages are established for both failure to fulfill mid-project interface dates and project completion dates, and are intended in both scenarios. They are recoverable for delays in the remaining work after substantial completion.
Amounts paid by the injured party as compensation for a specific contract formation breach are known as liquidated damages under contract law. These damages are compensated when a contract (or project) is not completed or when the completion deadline is not met.
Liquidated damages are typically tied to the project's "substantial completion date" (typically defined as the point at which the owner can use the project for its intended purpose); consequently, they are not typically enforceable.
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which of the following is not a benefit of budgeting? a. it reduces the need for analysis with regard to company expenses. b. it allows for coordination between various business units. c. it sets goals for the organization. d. it formalizes the plans of management.
It allows for coordination between various business units is not a benefit of budgeting. A project portfolio is a group of initiatives that are coordinated and optimized for an organization's tactical and financial objectives.
Either the organizational or budgeting functional level can manage a portfolio. Combe and Githens (1999) distinguish three broad categories of project portfolios: strategic or enterprise initiatives that add value. Operational: Initiatives that improve organizational efficiency and complete some essential financial tasks. Projects that must be completed in order to preserve regulatory compliance. In order to accomplish a set of strategic goals, strategic portfolio management involves the selection and prioritization of programs and projects.
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hester owns an ice cream shop. it costs her $2 per cone to make 10 ice cream cones. if she sells 10 cones for $4 each, her producer surplus on the 10 cones is equal to
Her producer surplus on the 10 cones is equal to $20 dollars. Thus, the correct answer is $20 dollars.
What is producer surplus?The whole amount a producer gains by producing and selling a quantity of an item at market price is referred to as producer surplus. The producer surplus is equal to the entire money a producer obtains from selling their goods less the marginal cost of production.
Given,
Cost of making per cone = $2
Cost of 10 ice cream cones = $2 × 10
= $20
The selling price per cone = $4
Selling price of 10 cones = $4 ×10
=$40
Therefore,
Producer surplus = Producer surplus = Total Revenue – Production Cost.
Producer surplus = $40 - $20
=$20
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as the acceptable level of audit risk decreases, an auditor may group of answer choices reduce substantive testing by relying on the assessment of the risks of material misstatement. postpone the planned timing of substantive tests from interim dates to the year end. eliminate the assessed level of inherent risk from consideration as a planning factor. lower the assessed level of control risk from a high level to a low level.
As the acceptable level of detection risk increases, the assurance that must be provided from substantive tests can decrease. The auditor may change the timing of substantive tests from year-end to an interim date.
Business risk, non-business risk, and financial risk are the three categories into which hazards are generally divided. Risk refers to the future unpredictability of earnings or outcome variance from expectations. Risk measures the level of uncertainty that investor is willing to accept in exchange for a potential return on their investment. Description: Risks come in various forms and are caused by various circumstances. An auditor is someone or an organization hired by a business to carry out an audit. A person must be certified by the accounting and auditing regulatory body or meet specific requirements in order to practice as an auditor. A professional and impartial opinion on these financial statements is what the auditor or reviewer's job entails.
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silicon is used for the manufacturing of semiconductor chips. at the end of last year a large new source of silicon has been discovered this year and the price of silicon has decreased by 15%. semiconductor chips are used in devices, cell phones, gaming systems, and this year many new devices are now using chips. if you were drawing a supply and demand graph to illustrate the changes to the semiconductor market since last year, what would you say has happened to the supply and demand curves and the equilibrium price and quantity this year?
It is a tetravalent metalloid and semiconductor that has a blue-grey metallic sheen and is a hard, brittle crystalline solid.
Chemical element silicon has the chemical symbol Si (silicon) and atomic number 14. It is a tetravalent metalloid and semiconductor that has a blue-grey metallic sheen and is a hard, brittle crystalline solid. It belongs to group 14 of the periodic table, which is above carbon and below germanium, tin, lead, and flerovium. It doesn't react all that much.
It wasn't until 1823 that Jon's Jakob Berzelius was able to prepare and analyze it in pure form due to its strong chemical affinity for oxygen. Its oxides belong to the silicate family of anions. Only boron has higher melting and boiling points than its respective values of 1414 °C and 3265 °C among all metalloids and nonmetals.
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the market for real estate in chad's area has experienced a sudden increase in demand, and there aren't enough homes to go around. it seems like a bidding war ensues for every available property. what's the condition of the real estate market in chad's area?
The market for real estate in Chad's area has experienced a sudden increase in demand, and there aren't enough homes to go around. It seems like a bidding war ensues for every available property. The real estate market has become a seller's market.
The current state of the real estate market is quite healthy, with values continuing to rise in most areas. This is good news for both buyers and sellers, as it means that there is still a lot of interest in purchasing and selling property.
However, it is important to keep in mind that the market can change quickly, so it is important to stay up-to-date on the latest trends.
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the cooper foundation contributes $20,000 per year into an annuity fund for building a new zoo. the fund earns 7.5% interest. find the amount in the fund at the end of 10 years. (round your final answer to two decimal places.)
The amount can be determined by the formula of annuity -
FVn = PV(1 +r) ^n
= 20000 (1 + 7.5%)^10
= $ 304, 162.38
Amount in the fund at the end of 10 years will be $304,162.38.
An annuity is a series of payments made over a certain period of time at regular intervals. A stream of future cash payments has both a present value and a future value, which is what they are currently worth (the amount that will be accrued from the payments earning compound interest).
Payments under a typical annuity don't begin immediately away. Instead, payments are made at the end of each cycle, which is usually a month or a year.
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when the economy is in a recession, the government will want to increase output. if the multiplier equals 2.5 and the government increases spending by 200, how much will output increase by? group of answer choices
When the economy is in a recession then the output increase by 500
The economy is deemed to have entered a recession if it contracts for two straight quarters. In general, "gross domestic product" (sometimes known as "GDP") is a measure used to determine this. According to Pugliese, unemployment frequently increases during recessions, and total employment levels may even decline. Additionally, GDP growth typically slows down during recessions as a result of decreased employment and consumer demand, which results in lower production of goods and services. Most analysts predicted that any impending US recession would be mild or moderate, in part because the jobless rate would continue to hover around a five-decade low well into 2022. The unemployment rate decreased once more to 3.5% in September, matching the lowest level since 1969.
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an auditor should design the audit plan to group of answer choices select all material transactions for substantive testing. minimize substantive testing prior to the balance sheet date. implement the audit strategy. perform either tests of controls or tests of transactions on each account balance.
Implementing the audit strategy should be done by auditor.
What is an Audit strategy?
The order of preparation is audit strategy, audit planning, and then audit program.
The audit strategy is ready to decide what has to be done for the audit.The audit strategy is less specific than the audit planning.Planning an audit Talk about how to put the audit strategy into practice to meet the goals set forth in the audit plan.The audit programme discusses how to choose all relevant transactions for substantive testing, run tests of controls or transactions on each account balance, and limit substantive testing before the balance sheet date.Learn more about Audit strategy from the link below
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