The intent of the Sarbanes-Oxley Act of 2002 is to protect the company by improving the accuracy and reliability of all corporate disclosures made pursuant to the securities laws
Indicate whether the statement is true or false
F
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According to Karen Dillon, author of the HBR Guide to Office Politics, we have a tendency to surround themselves by people who ______.
A. think like we do B. think differently than we do C. are both similar to and different from us D. have different value structures than we have
Which of the following product life cycle stages is least affected by negative environmental
impacts, such as new legislation and introduction of substitute products? A) introduction stage B) growth stage C) maturity stage D) decline stage
Employees' use of social media is hindered when companies adopt a Web par-ticipation policy
Indicate whether the statement is true or false
Todd Enterprises is preparing a cash budget for the second quarter of the coming year. The following data have been forecasted: ?April?MaySales ……………………………………………….$150,000?$157,500Merchandise purchases ……………………………107,000?112,400Operating expenses:??? Payroll ………………………………………….13,600?14,280 Advertising …………………………………….5,400?5,700 Rent …………………………………………….2,500?2,500 Depreciation ……………………………………7,500?7,500End of April balances:??? Cash …………………………………………….30,000?? Bank loan payable
………………………………26,000??Additional data:(1) Sales are 40% cash and 60% credit. The collection pattern for credit sales is 50% in the month following the sale and 50% in the month thereafter. Total sales in March were $125,000.(2) Purchases are all on credit, with 40% paid in the month of purchase and 60% paid in the following month.(3) Operating expenses are paid in the month they are incurred.(4) A minimum cash balance of $25,000 is required at the end of each month.(5) Loans are used to maintain the minimum cash balance. At the end of each month, interest of 1% per month is paid on the outstanding loan balance as of the beginning of the month. Repayments are made at the end of the month if the cash balance exceeds $25,000.Prepare the company's cash budget for May. Show the ending loan balance at May 31. What will be an ideal response?