Which of the following is NOT an activity specifically listed in the text as prohibited by the Sarbanes-Oxley Act for an auditor of a company to perform contemporaneously?
a. Appraisal or valuations services
b. Actuarial services
c. Income tax preparation services
d. Bookkeeping services
c
FEEDBACK: a. Incorrect
b. Incorrect
c. Correct
d. Incorrect
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Pepperdine reported net sales of $8,600 million, net income of $126 million and average accounts receivable of $890 million. Its accounts receivable turnover is:
A. 68.3. B. 9.7. C. 7.1. D. 37.8. E. 51.7.
The debt to equity ratio shows the proportion of total liabilities relative to total equity
Indicate whether the statement is true or false
Which of the following statements is FALSE about formulating the mathematical model for simulation?
a. The model has to exactly match the real system. b. Basic assumptions that characterize the system should be included. c. The analyst should start with a simple model and progressively make it more complex. d. The model should abstract the essential features of the system that is being studied.
A favorable labor climate might include all of the following EXCEPT:
A) a good work ethic. B) no union presence. C) high average wages. D) an educated work force.