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Sunny_sXe [5.5K]
2 years ago
7

Which one of the following is an unintended result of the Sarbanes-Oxley Act? Multiple Choice More detailed and accurate financi

al reporting Increased management awareness of internal controls Corporations delisting from major exchanges Increased responsibility for corporate officers Identification of internal control weaknesses
Business
1 answer:
Evgesh-ka [11]2 years ago
6 0

Answer:

Increased responsibility for corporate officers

Explanation:

A review of eight thousand public companies, on the study of the impact of the Sarbanes-Oxley Act (SOX) of 2002 revealed that <u>SOX increased directors' workload and risk, and increased demand by mandating that firms have more outside directors. </u>

It was also revealed that both broad-based changes and cross-sectional changes (by firm size) occurred <u>because Board committees meet more often post-SOX</u> and Director and Officer insurance premiums have doubled.

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When applying for jobs, job seekers often focus on a desired salary while ignoring other aspects of the job offer such as benefi
Lena [83]

Answer:

A) anchoring bias

Explanation:

Anchoring bias refers to a common mistake of relying heavily on the first information that we get, or in this case, the first information that we look for.

We all tend to suffer from anchoring bias, that is why it is one of the oldest sales techniques. Everyone has seen an ad that states a before price and a discount price. If the difference between the before price and the after price are significant, then we will consider that it is a bargain. Or a salesperson first shows us an expensive product, and then shows us a similar but lower priced product, we tend to believe the second product is cheap.

When most of us look for a job, of course we focus on the salary, since we want to work to earn money. But only focusing on the salary is seeing only half the picture, although the most important half. Other associated benefits or costs are usually not considered, e.g. a high paying job might also require dressing formally or spending a lot of time travelling.

3 0
2 years ago
CatNap Company has two products: Kittyz and Katz. A March sales forecast projects 20,000 units of Kittyz and 15,000 units of Kat
Brut [27]

Answer:

The total March sales that Kittyz anticipated is $100,000.

Explanation:

The details of beginning and ending inventory are irrelevant for sales; they are relevant only for production quantity.

total March sales for Kittyz anticipated = 20000*$5

                                                                 = $100,000

Therefore, The total March sales that Kittyz anticipated is $100,000.

8 0
2 years ago
Ronnie's Comics has found that its cost of common equity capital is 15 percent and its cost of debt capital is 12 percent. The f
Maksim231197 [3]

Answer:

The after-tax weighted average cost of capital for Ronnie's Commics is 9.6%

Explanation:

WACC is calculated by the formula

= \frac{E}{E+D} * Re + \frac{D}{E+D} *Rd *(1-T)

According to the information given in the question,

E+D= $250,000,000 + $750,000,000 = $1,000,000,000

E = $250,000,000

D = $750,000,000

T = 35%

Re = 15%

Rd = 12%

Substituting the values in the formula,

= \frac{250,000,000}{1,000,000,000} * 15 + \frac{750,000,000}{1,000,000,000} *12 *(1-0.35)

= 3.75 + 5.85 = 9.6%

5 0
2 years ago
A colleague from the plant in Germany has arrived at the Chicago plant to share insights on a recent product line changeover imp
tester [92]

Answer: jim already had a rigid opinion about what will work in the United States .

Superiority complex on the side of Jim.

Language barrier.

He is not impressed by the German outlook and dressing

Explanation:there are several barriers that may hinder the successful implementation of the new product line which has saved thousand of euros for the Germans,one is the fact that Mr jim already has a predisposed idea that the implementation will not work one can only wonder why he invited the German in the first place,it's obvious that the invitation if the German came from a higher pedestal and could be one if the reason Mr jim believes contrarily ,he believes innovation will not work in the USA,meanwhile ,world over , workers tend to resist change and innovation but there are a lot of measures to bring them to the table which include engaging them in every stageof the implementation , assuring them that there will be no job loss due to innovation,making them to see the advantages of the proposed changes to all.

The feeling of superiority to the Germans and their technology is very obvious ,ranging from the quiet disparaging of the visitors accent and pronounciation ,condemn his outfit rather than concentrating on what he has to offer ,he has a set mind ,which find everything about the Germans repulsive.it will be difficult to adopt the new technology with Jim at the helm of affairs at the Chicago plant .

7 0
2 years ago
Barges' has an asset beta of .57, the risk-free rate is 4.3 percent, and the market risk premium is 7.7 percent. what is the equ
Luden [163]

Barges' has an asset beta of .57, the risk-free rate is 4.3 percent, and the market risk premium is 7.7 percent.

7 0
2 years ago
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