The correct answer is the Public Company Accounting Oversity Board.
The Sarbanes-Oxley Act was enacted in 2002. It’s purpose was to protect investors and add additional oversight for corporations after a number of companies were caught up in accounting scandals and investors lost billions of dollars.
Answer:
The correct option is E
Explanation:
The formula to compute the accounts receivable turnover of the company for the Year 2 is as:
Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable
where
Net Credit Sales be $723,000
And
Average Accounts Receivable is computed as:
Average Accounts Receivable = Accounts receivable Year 1 + Accounts receivable Year 2 / 2
= $86,500 + $82,750 / 2
= $169,250 / 2
= $84,625
Putting the values in the above formula:
= $723,000 / $84,625
= 8.54
Answer:
Descriptive followed by causal is the correct answer.
Explanation:
Here are the four major needs:
Answer:
The price of the stock today is $3.49. The right answer is A.
Explanation:
In order to calculate the price of the stock today, we need to calculate first Value after year 5 with the following formula:
Value after year 5=(D5*Growth Rate)/(Required return-Growth Rate)
To find D5 we need to make the following calculations:
IF D1=0.3
, hence D2=(0.3*1.1)=0.33
, D3=(0.33*1.1)=0.363
, D4=(0.363*1.1)=0.3993 and D5=(0.3993*1.1)=0.43923
Therefore, Value after year 5=(0.43923*1.05)/(0.15-0.05)
=$4.611915
Therefore, now we can calculate the the price of the stock today with the following formula:
current price=Future dividends and value*Present value of discounting factor(rate%,time period)
=0.3/1.15+0.33/1.15^2+0.363/1.15^3+0.3993/1.15^4+0.43923/1.15^5+$4.611915/1.15^5
=$3.49
