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labwork [276]
2 years ago
12

The Sarbanes-Oxley Act requires the ____ to vouch for the truthfulness and fairness of a firm's financial disclosures. a. CEO b.

CEO, CFO, and COO c. CFO d. COO e. CEO and CFO
Business
1 answer:
KatRina [158]2 years ago
4 0

Answer:

The Serbanes-Oxley Act requires the Chief Executive Officer and the Chief's Financial Officer to vouch for the truthfulness and fairness of a firm's financial disclosures.

Explanation:

The CFO being in charge of the firm's financial affairs is saddled with such responsibility while the CEO being the one man at helms of affairs of the company is also responsible for the firm's financial probity,coupled with the fact the CFO may be required to report to the CEO depending on the structure of the firm.

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Bill Phillips is developing a Monte Carlo simulation to value a complex and thinly traded security. Phillips wants to model one
olchik [2.2K]

Answer: Both of them

Explanation:

The Monte Carlo Simulation is a forecasting technique that allows one to find out the probability of occurence of different outcomes which may be difficult to come up with because there are multiple random variables involved.

Monte Carlo simulations are used in many diverse fields such as Finance, Engineering and Science.

As earlier mentioned, this simulation allows for multiple random variables so Phillips can use it to model both the variables to have different characteristics.

5 0
2 years ago
The publisher of Lifting Life, a magazine and website about weightlifting, wants to develop a clear picture of how readers of th
Anit [1.1K]

Answer:

Unstructured data

Explanation:

An unstructured data is simply defined as information that doesn't have a defined pattern to it. It can also be said to be information or data set that is not organized.

In the situation of Lifting life, because social media views do not have a defined model, it needs to analyze every data that comes its way in the form of weight lifting. With that classification or conditioning, the publishing company is able to understand as well get the information it needs about people's thoughts about the magazine.

Cheers.

8 0
2 years ago
Return to Problem Navigation Morgan Company uses the perpetual inventory system and the gross method of recording sales discount
Ghella [55]

Amount to be recorded for accounts receivable would be $15000.

<u>Explanation:</u>

Accounts receivable are lawfully enforceable cases for installment held by a business for products provided as well as administrations rendered that clients/customers have requested yet not paid for. These are for the most part as solicitations raised by a business and conveyed to the client for installment inside a concurred time span.

Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by  the customers till now. So they will go in the accounts to still be receivable.

6 0
2 years ago
In its proposed 2022 income statement, Hrabik Corporation reports income before income taxes $500,000, income taxes $100,000 (no
DaniilM [7]

Answer:

Explanation:

Statement of Comprehensive Income :

                                                                                    $                   $

Income from continuing operation before tax     500,000

Income Tax                                                           <u> (100,000)</u>

After Tax Income from Continuing operation                            400,000

Loss from discontinuing operation                       (60,000)

Gain on disposal of discontinuing operation       <u> 40,000</u>

loss  on discontinuing operation b/4 tax              (20,000)

income tax  benefit @ 20%                                     <u>4,000</u>

After tax gain on discontinuing operation                                 (<u>16,000) </u>

Net Income                                                                                   384,000

Unrealized loss on available-for -sale securities                      <u> (150,000)</u>

Other Comprehensive Income                                                    <u>234,000</u>                                

8 0
2 years ago
Rachel initiated the practice of company visits as part of reaching out to her company’s loyal customers . She set up a campaign
USPshnik [31]

Answer:

Rachel has displayed the explicit concept of CSR

Explanation:

The corporate sector has a duty towards its very own business, investors as well as towards the society. Subsequently, every corporate unit must have a duty regarding the upliftment of society which is comprehensively considered as Corporate Social Responsibility (CSR).

The social duty of a business demonstrates standards and commitments by the corporate leadership to take proper activities which can ensure and improve the welfare of society alongside securing business interest.

Corporate social responsibility has been accepted more and more in the recent past. This is because the actions of the corporate sector most of the time cause negative effects to the society, therefor taking up this responsibility towards the society aims at giving back to the society while at the same time achieving their business goals.

The CSR can be divided two two main concepts; implicit and explicit Corporate social responsibility (CSR). Explicit CSR alludes to corporate rules and arrangements that accept and accountability in the interest of society.  They regularly comprise of deliberate projects by  companies to combine social and business worth and address issues viewed as being part of their social obligation. An example is a move by various corporations to provide relief aid to the victims of hurricane Katrina in 2005. On the other hand, implicit CSR refers to the role of corporations in the formal and informal institution for the benefit of the society. It usually comprises of qualities, standards  and rules which bring about obligatory and standard prerequisites that need to be addressed by the organizations.

A major key difference between implicit and explicit CSR is that implicit CSR is usually thought of as a mandatory and involuntary exercise as a reaction to it's environment, while explicit CSR is often seen as a deliberate and voluntary exercise. In our case, Rachel displayed the explicit concept of CSR since the intent was deliberate and voluntary towards the benefit of the society while at the same time improving the image of the company in the mind of the loyal customers.

7 0
3 years ago
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