The section of SOX that requires management to prepare a report on its internal controls is:
A. Section 10A(b)
B. Section 808
C. Section 302
D. Section 404
Answer: D
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Currency held by the nonbank public plus banks' vault cash plus banks' deposits at the Fed equals
A. the Fed's capital stock. B. discount loans. C. the monetary base. D. required clearing balances.
Janko Wellspring Inc. has a pump with a book value of $24,000 and a four-year remaining life. A new, more efficient pump, is available at a cost of $45,000. Janko can also receive $8,000 for trading in the old pump. The new pump will reduce variable costs by $10,000 per year over its four-year life. The costs not relevant to the decision of whether or not to replace the pump are:
A. $40,000. B. $8,000. C. $10,000. D. $16,000. E. $24,000.
Client service is far more important than billing because a happy client creates new clients
Indicate whether the statement is true or false
A company purchased $4600 worth of merchandise. Transportation costs were an additional $405. The company returned $315 worth of merchandise and then paid the invoice within the 1% cash discount period. The total cost of this merchandise is:
A. $4644.00. B. $4690.00. C. $4476.00. D. $4510.00. E. $4647.15.