The index for this type of equipment has increased at an average rate of 12% per year for the past 10 yearsTherefore, the closest answer is a) $4,618,000.
To estimate the cost to build a new plant in 2008, we need to calculate the costs of the major equipment using the given factors and reference costs.
For the finishing machine:
The cost-capacity factor is 0.92, which means that the cost increases by 92% for every 100% increase in capacity.
The new design size is 200 yd/min, compared to the reference size of 150 yd/min.
To find the new cost, we can calculate:
New Cost = Reference Cost * (1 + (Cost-Capacity Factor * (New Design Size - Reference Size) / Reference Size))
New Cost = $900,000 * (1 + (0.92 * (200 - 150) / 150))
New Cost = $900,000 * (1 + (0.92 * 50 / 150))
New Cost = $900,000 * (1 + (0.92 * 0.3333))
New Cost = $900,000 * (1 + 0.3067)
New Cost = $900,000 * 1.3067
New Cost = $1,176,030
For the jet dyer:
The cost-capacity factor is 0.87.
The new design size is 450 yd/min, compared to the reference size of 200 yd/min.
New Cost = Reference Cost * (1 + (Cost-Capacity Factor * (New Design Size - Reference Size) / Reference Size))
New Cost = $1,125,000 * (1 + (0.87 * (450 - 200) / 200))
New Cost = $1,125,000 * (1 + (0.87 * 250 / 200))
New Cost = $1,125,000 * (1 + (0.87 * 1.25))
New Cost = $1,125,000 * (1 + 1.0875)
New Cost = $1,125,000 * 2.0875
New Cost = $2,343,750
For the steam dyer:
The cost-capacity factor is 0.79.
The new design size is 175 yd/min, compared to the reference size of 100 yd/min.
New Cost = Reference Cost * (1 + (Cost-Capacity Factor * (New Design Size - Reference Size) / Reference Size))
New Cost = $750,000 * (1 + (0.79 * (175 - 100) / 100))
New Cost = $750,000 * (1 + (0.79 * 75 / 100))
New Cost = $750,000 * (1 + (0.79 * 0.75))
New Cost = $750,000 * (1 + 0.5925)
New Cost = $750,000 * 1.5925
New Cost = $1,194,375
To find the total cost, we sum up the costs of all the major equipment:
Total Cost = Finishing Machine Cost + Jet Dyer Cost + Steam Dyer Cost
Total Cost = $1,176,030 + $2,343,750 + $1,194,375
Total Cost = $4,714,155
Therefore, the closest answer is a) $4,618,000.
To know more about equipment visit:
https://brainly.com/question/28269605
#SPJ11
You own a construction business and need to hire workers to build a house and add one worker at a time to the added contribution of each worker. At what point will you stop hiring workers ? Relate this process to the three stages of production function as you explain your answer .
What the Benefits of SMART TRAFFIC MANAGEMENT SYSTEM in iot
?
please in the beginning small paragraph
Smart Traffic Management Systems in IoT optimize traffic flow, enhance safety, and reduce congestion through real-time monitoring, incident detection, and data analysis.
Smart Traffic Management Systems leverage the power of IoT to revolutionize transportation management. Real-time monitoring of traffic conditions enables dynamic adjustments to traffic signal timings, ensuring optimized traffic flow and reducing congestion. By utilizing IoT sensors and cameras, these systems can detect incidents such as accidents, breakdowns, or congestion, allowing for immediate responses and appropriate interventions, such as redirecting traffic or dispatching emergency services. Furthermore, the collected data from various sources, including sensors and vehicles, can be analyzed to identify traffic patterns, bottlenecks, and peak hours.
Learn more about Management here:
https://brainly.com/question/29929848
#SPJ11
What is viability factors researches the demand for products or services?
Answer:
Viability is a mass noun that refers to something's capacity or potential for success. It may be a demand, an idea, a project, or even a plan to change how a business runs. Establishing viability is the goal of a viability evaluation. Product viability is the capacity of a software product to maintain itself or reach its potential.
Explanation:
The term "market viability" describes the commercial potential of a certain market. You may decide whether starting a business in a specific market makes financial sense with the use of a market viability analysis.
Industry size: Is there adequate room on the market for new vendors? Exists room for improvement?
Target market: Do potential customers have more money to spend? Can they afford to purchase your offering?
Competition: Who are the major retailers in this industry, in terms of competition? What are their advantages and disadvantages? How are you going to rival them?
Your objective is to eliminate any markets that are too small, too competitive, or comprised of clients who are unable or unable to pay your prices.
Teen entrepreneurs in Florida find sweet
success in honey business
Why did the author MOST LIKELY conclude the article by describing future possibilities for Black Bee Honey?
because this demonstrates the danger of food deserts and the need for more honey access
because this shows how giving students ownership can help them develop new skills and goals
because this emphasizes the importance of ensuring that student businesses are successful
because this helps the reader understand how Black Bee Honey contributes to the community
The author most likely conclude the article by describing future possibilities for Black Bee Honey because this emphasizes the importance of ensuring that student businesses are successful.
What is an article?An article is a piece of writing about a particular subject that is included in a magazine, newspaper, etc. It is a nonfictional prose composition usually forming an independent part of a publication.
Teen entrepreneurs in Florida find sweet success in honey business. This statement emphasizes the importance of ensuring that student businesses are successful.
Therefore, the statement mentioned in C is correct.
To learn more about article, click here:
https://brainly.com/question/30055166
#SPJ1
Brandtly Industries invests a large sum of money in R&D; as a result, it retains and reinvests all of its earnings. In other words, Brandtly does not pay any dividends, and it has no plans to pay dividends in the near future. A major pension fund is interested in purchasing Brandtly's stock. The pension fund manager has estimated Brandtly's free cash flows for the next 4 years as follows: $4 million, $7 million, $11 million, and $15 million. After the fourth year, free cash flow is projected to grow at a constant 6%. Brandtly's WACC is 10%, the market value of its debt and preferred stock totals $50 million; and it has 15 million shares of common stock outstanding. Write out your answers completely. For example, 13 million should be entered as 13,000,000. What is the present value of the free cash flows projected during the next 4 years? Round your answer to the nearest cent. Do not round your
Answer:
Brandtly Industries
The present value of the free cash flows projected during the next 4 years is $27,924,000 in total, details for each year are below:
Explanation:
a) Data and Calculation of the Present Value of the Free Cash Flows:
Present Value of Projected Free Cash Flows
Free Cash Flow Discount Factor PV
Year 1: $4,000,000 0.909 $3,636,000
Year 2: $7,000,000 0.826 $5,782,000
Year 3: $11,000,000 0.751 $8,261,000
Year 4: $15,000,000 0.683 $10,245,000
Total $37,000,000 $27,924,000
b) To get the present value of the free cash flow for each year for Brandtly Industries, we discounted the free cash flow with their discount factors from the present value table at 10%, which is the weighted average cost of capital as given in the question.
The summation of the present values gives the total free cash flows projected for the next four years.
A bank reconciliation is a(n) ______. Multiple choice question. internal report prepared to verify the accuracy of the voucher system external report prepared after the recording of adjusting entries and the preparation of financial statements internal report prepared to compare the company's cash records with the bank statement report prepared by the bank to independently verify the accuracy of the cash balance per the company's accounting records
A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.
Bank reconciliation is the way in which the bank balance is compare with cash balance in order to detect and rectified any discrepancies or error.
Important of Bank reconciliation includes:
• It enables company's or organizations to know the actual position of their bank balanc
•It help to detect errors
•It help to detect fraud
•It help to prevent fraud
•It help to prevent embezzlement of money.
•It help to verify the accuracy of both the bank balance and the cash balance.
Inconclusion A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.
Learn more here:
https://brainly.com/question/15525383
Hey everyone, I just thought you all should know that...
you are AMAZING
you are BEAUTIFUL
you are SMART
you are KIND
you are NOT going to give up on your FIGHT
and you better stay ALIVE!!! <33
Answer:
thanks lol
you too-
THANKS FOR TODAY FOR THE PEOPLE WHO HELPED
Answer:
Nice to bad I din't help
How do individuals & business benefit from
economic freedom?
Answer:
The benefit are
1. free markets,
2. rule of law,
3. protection of private property,
and
4. open trade—
that boost prosperity and reduce costs
Explanation:
Please mark me as brainlist answer
according to the e-waste in south africa video case, what has resulted in a business opportunity for bolunga electronic waste company to provide recycling e-waste services?
E-waste can be harmful, is not biodegradable, and builds up in the land, air, water, and other electronic things in the environment. Toxic substances are released into the environment.
When methods like open-air burning and acid baths are employed to recover valuable elements from electronic components. As was already mentioned, recycling e-waste allows for the recovery and reuse of important materials in the creation of new products, saving energy, lowering carbon emissions, and protecting Earth's limited natural resources. The growing quantity of electronic products being produced by businesses and purchased by people is the primary cause of the electronic trash.
To learn more about E-waste, click here.
https://brainly.com/question/28786779
#SPJ4
the federal aid in wildlife restoration act (or pittman–robertson act) pays for:
The Federal Aid in Wildlife Restoration Act, also known as the Pittman-Robertson Act, is a federal law passed in 1937 that provides funding for the conservation of wildlife habitats and restoration of wildlife populations.
This act is funded by an excise tax on firearms, ammunition, and archery equipment, which generates hundreds of millions of dollars every year. The Pittman-Robertson Act has helped fund numerous conservation and restoration projects across the United States, including habitat restoration, species management, and research on wildlife populations.
The funds have also been used to purchase land for public use, construct facilities for hunters and anglers, and support outreach and education programs that promote conservation. The act has been critical in funding the restoration of endangered and threatened species, such as the bald eagle and the gray wolf. The act has also been used to fund research on wildlife diseases and invasive species that can negatively impact native species and environment .
In summary, the Federal Aid in Wildlife Restoration Act, or Pittman-Robertson Act, pays for a wide range of conservation and restoration projects that benefit wildlife and their habitats. The funding generated from this act has been essential in promoting wildlife conservation and restoring wildlife populations throughout the United States.
To know more about taxes click here
brainly.com/question/16423331
#SPJ11
What type of economy is an economic system in which private businesses can operate freely with minimal state control?Henry lives in a country where the government gives many incentives to produce military goods and few incentives to produce consumer goods. Henry knows a more efficient way to finish his task at work and feels like sharing it with his boss. However, he has no incentive to share it. Which type of economy does Henry most likely live in?
Answer:
Private business freedom : Capitalist or Market Economy. Henry is more likely in Socialist Economy.
Explanation:
Economy type in which private sector has full freedom, un-intervened by government or state control is Capitalist or Market Economy. Profit maximisation motive & high consumer choice, sovereignity such economy's main features.
Henry's country which gives incentives to reallocate production choice 'what to produce' (from consumer goods to military goods). He has more efficient idea for work implementation, but lacks incentive (probably due to lack of creative & innovative ideas reward). These features characterise a Socialist Economy, in which government or state has supreme power over central economic decisions. Social welfare is considered priority, government monopoly curbs innovation & creativity, there is less consumer choice, sovereignity.
Ivan has plenty of money to invest but so far has bought high-risk securities. Explain how Ivan could diversify and whether it is necessary.
Answer:
Its important to diversify because it can help an investor manage risk and reduce the volatility of an asset's price movements. If his high risk investment backfires hes left with almost nothing, diversifying can give him a safety blanket just incase. The many ways he can diversify include, but aren't limited to, Use asset allocation or target date funds, Invest in a mix of mutual funds or ETFs, Customize with individual stocks and bonds, Vary company size and type, Invest abroad, and add complexity.
Explanation:
How to Get rid of my Modules without getting caught by my Mom
Answer:
for me going away from home or background of home
A supermarket building was purchased for $567,000. The down payment was 12%. The balance was financed at 7.97% for 25 years. Find the montly payment is
The monthly payment for the supermarket building is approximately $3,667.63. To find the monthly payment for a supermarket building, the following formula: Monthly payment = P[r(1+r)^n/((1+r)^n)-1)]
we will need to make use of the following formula: Monthly payment = P[r(1+r)^n/((1+r)^n)-1)]
where P = the principal,
r = the interest rate per month, and
n = the total number of months.
We will calculate the values of P, r, and n using the information provided in the problem statement:
Down payment = 12% of $567,000 = 0.12 × $567,000 = $68,040
Principal = $567,000 − $68,040 = $498,960
Interest rate per year = 7.97%
Number of years = 25Number of months = 25 × 12 = 300To convert the interest rate per year to the interest rate per month, we will divide by 12:
Interest rate per month = 7.97% ÷ 12 = 0.6642% Plugging in these values into the formula, we get:
Monthly payment = $498,960[0.006642(1+0.006642)^300/((1+0.006642)^300−1)]
Monthly payment = $3,667.63.
To know more about payment visit :
https://brainly.com/question/32320091
#SPJ11
Total revenue (TR) is:
A) The value of the firm's investment for the business to function
B) the value of a firm's profit per time period
C) a firm's sales revenue as a percentage of the industry's total revenue
D) the value of a firm's annual sales turnover over a specific period of time
Which of the following are included in expansionary monetary policy? (Select all that are correct)
A increase discount rate
B increase federal funds rate
C increase reserve requirement
D buy bonds
E decrease discount rate
F decrease reserve requirement
G decrease government expenditures
H sell bonds
Answer:
Increase in discount rates
Christine is looking at the financial reports for each of the company's product lines to determine which product lines should be marketed more heavily in the future. This is an example of
a. directing.
b. planning.
c. controlling.
d. reporting.
Christine is looking at the financial reports for each of the company's product lines to determine which product lines should be marketed more heavily in the future. This is an example of planning. The correct alternative is option b.
Planning involves analyzing information and setting goals for the future based on that information. In this case, Christine is analyzing financial reports to determine which product lines should be marketed more heavily in the future.
This is a key part of the planning process, as it helps to set a direction for the company's future marketing efforts.
While directing involves giving instructions and motivating employees to achieve specific goals, controlling involves monitoring and evaluating progress towards those goals.
Reporting, on the other hand, involves communicating information to others about the company's activities or performance.
While these activities may be related to Christine's work in some way, they are not the primary focus of what she is doing when she is analyzing financial reports to plan future marketing efforts.
Therefore the correct alternative is option b.
To know more about planning process here:
https://brainly.com/question/30584184#
#SPJ11
The emergence of mobile, social, and local e-commerce occurred during the consolidation period of e-commerce. True or false?
False. The emergence of mobile, social, and local e-commerce did not occur during the consolidation period of e-commerce.
These developments are more recent and can be considered part of the expansion and diversification phase of e-commerce. The consolidation period refers to a time when e-commerce was still relatively new and evolving, and major players were establishing dominance in the market. During this period, companies were focused on building their online presence and solidifying their position in the e-commerce landscape. The emergence of mobile, social, and local e-commerce came later as technology advanced and consumer behavior shifted towards mobile devices, social media platforms, and localized shopping experiences.
Learn more about local e-commerce here:
https://brainly.com/question/30394860
#SPJ11
Not-for-profit organizations must meet specific guidelines in order to obtain tax-exempt status. These guidelines are structured by the.
To qualify for tax-exempt status, not-for-profit organizations must adhere to certain requirements. The Internal Revenue Service designed these regulations.
What is Non profit organization ?A nonprofit organization (NPO) is one that is not motivated by profit but rather by commitment to a particular cause that receives all funds received over and beyond what is required to maintain the organization.
As an outcome, the federal government grants NPOs tax-exempt status, which absolves them of paying income tax. Nonprofit organizations are widely used by trusts, cooperatives, advocacy, charitable, environmental, and religious organizations.
Hence, Internal Revenue Service is the answer.
Learn more about Non profit organization here:
https://brainly.com/question/21307064
#SPJ1
If the liabilities of a company increased $92,000 during a period of time and equity in the business decreased $30,000 during the same period, did the assets of the company increase or decrease? By what amount?
The company's assets reduced by $62,000 throughout the period.
Assets equal Liabilities plus Equity in the accounting equation.
Each change to one side of the equation must be balanced by an equal and opposite change to the other side since it must always balance.
In this instance, we are aware of a $92,000 rise in liabilities and a $30,000 drop in equity. Assets may have disappeared, but we can apply the accounting equation to determine this.
The result of adding the variations in liabilities and equity is:
$92,000 - $30,000 = $62,000
This indicates that $62,000 has changed overall in the accounting equation. Assets have to have changed by the same amount, but in the other direction, to make the equation equal. Assets must have declined because both obligations and equity grew.
To learn more about liabilities, click here:-
https://brainly.com/question/18484315
#SPJ4
Harlowe purchases a watercolor painting by a prominent local artist and a RecumbentSloth brand recliner from a yard sale. She pays cash for both items, and the seller promises to deliver them next week. Two days later the seller calls Harlowe and says he no longer wants to sell the items and sends Harlowe back her money. If Harlowe sues, will she be able to get the items she bought?
Answer:
Yes, Harlowe should sue for specific performance of the contract.
Specific performance is a legal remedy in contract law where a civil court orders the breaching party (seller) to perform their part of the contract.
In this case, Harlowe will probably be able to get the painting since it is a unique article, but it will be harder for him to get the chair. He might be able to get the seller to deliver it to him, but since it is a common article, he could find a similar one somewhere else. But that is not the case of the painting, which is not a common article and it cannot be found somewhere else.
X
✓
The primary function of the Gini coefficient is to
(4 points)
measure the quality of human capital in an economy
O explain the cause of income inequality
O measure income inequality in an economy
show the efficiency of an economy
show the amount of wealth in an economy
Points
Answer:
The primary function of the Gini coefficient is to measure income inequality in an economy. It is a statistical measure that is used to represent the distribution of income or wealth among a population. A Gini coefficient of 0 indicates perfect equality, where everyone in the population has the same income or wealth. A Gini coefficient of 1 indicates perfect inequality, where one person has all the income or wealth in the population. The Gini coefficient is often used to assess the level of income inequality in a country or region and can be used to inform policy decisions related to redistributive measures such as taxes and welfare
On a 75 mile trip, Mrs. Jones’ average speed for the first 15 miles was 10 miles per hour less than her average speed for the remainder of the trip. Her time for the entire trip was 2 hours. Find her average speed for the first part of the trip
Mrs. Jones' average speed for the first part of her 75-mile trip can be found by using the information that her average speed for the first 15 miles was 10 miles per hour less than her average speed for the remainder of the trip. Her total time for the entire trip was 2 hours.
Let's denote Mrs. Jones' average speed for the first part of her trip as "x" miles per hour. According to the given information, her average speed for the remainder of the trip would be "x + 10" miles per hour.
To calculate the time taken for the first 15 miles, we divide the distance by the speed: 15 miles / x mph = 15/x hours.
The time taken for the remainder of the trip can be found by dividing the remaining distance (75 - 15 = 60 miles) by the speed: 60 miles / (x + 10) mph = 60/(x + 10) hours.
Since the total time for the trip is 2 hours, we can set up the equation: 15/x + 60/(x + 10) = 2.
To solve this equation, we can find a common denominator and simplify: (15(x + 10) + 60x)/(x(x + 10)) = 2.
Expanding and rearranging the terms, we get: 15x + 150 + 60x = 2x^2 + 20x.
Simplifying further, we have: 2x^2 + 5x - 150 = 0.
Solving this quadratic equation, we find that x = 10 or x = -7.5. Since we are dealing with average speed, which cannot be negative, we discard the negative solution.
Therefore, Mrs. Jones' average speed for the first part of the trip is 10 miles per hour.
Learn more about trip here:
https://brainly.com/question/30735962
#SPJ11
Question 6 (2 points)
There should be a specific plan in place for reaching a(n)
company goal.
a
strategy
established
Ob
ос
Od
specific
new
Answer:
титльишмш дядя оо влево потива
The Magnuson-Moss ______ Act directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products.
Answer: Warrantly
directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products.
When was Sarbanes-Oxley Act passed?
In 2002 Sarbanes-Oxley Act was passed.
The Sarbanes-Oxley Act, also known as the Public Company Accounting Reform and Investor Protection Act of 2002, is a federal law in the United States that was enacted in response to a series of high-profile corporate accounting scandals, such as the Enron scandal. The purpose of the law is to improve corporate governance and financial reporting, and to protect investors from fraudulent and deceptive accounting practices.
The Sarbanes-Oxley Act requires publicly traded companies to implement a variety of measures to ensure the accuracy and transparency of their financial reporting. These measures include requirements for enhanced financial disclosures, internal controls, and independent audits. The Act also created a new oversight board, the Public Company Accounting Oversight Board, to regulate the accounting industry and to oversee the auditing of public companies.
To learn more about Sarbanes Oxley act visit here:
brainly.com/question/27915345
#SPJ4
Answer:
2002
Explanation:
act changed the rules for how managers and auditors control and report company finances.
in 2001 company Enron was internally fabricating financial records and falsifying the success of its company.
Arthur Andersen was the auditor telling investors that the company was successful even though it wasn't .
sarbanes oxley act came from this
Arthur Anderson got punished & was re named Accenture
enron went out of business
Revenue Equivalence Consider a sealed-bid auction for a single object. There are N >= 2 bidders with valuations independently drawn from the uniform distribution on [0, 100]. Each bidder i simultaneously and independently submits a bid b_i for an object. Consider the standard second-price auction with two biddersN= 2 In class, we showed that it is weakly dominant for both bidders to bid their values, i.e.: bi(vi) = vi i=1,2 Using order statistics, calculate seller's expected revenue. Instructions: Round your answer to 2 decimal places (for example, 1/3 is 0.33, 1/2 is 0.5 and 2/3 is 0.67).
Since the winner pays the second-highest bid in a second-price auction, the seller's expected revenue is equal to the expected value of the second-highest bid. So, the seller's expected revenue is approximately $3333.33. (rounded to 2 decimal places).
In a second-price auction with two bidders, it is weakly dominant for both bidders to bid their values. In this case, each bidder i's bid is equal to their valuation vi, which is independently drawn from the uniform distribution on [0, 100]. The highest bid will win the object and pay the second-highest bid price.
Using order statistics, we can find the probability that each bidder has the highest or second-highest bid. Let X1 and X2 be the bids of bidder 1 and bidder 2, respectively. Then, the probability that X1 is the highest bid is equal to the probability that X1 > X2, which can be calculated as:
P(X1 > X2) = ∫[0,100] ∫[0,x1] f(x1)f(x2) dx2dx1
where f(x) is the probability density function of the uniform distribution on [0, 100]. Simplifying this integral, we get:
P(X1 > X2) = 1/2
Similarly, the probability that X2 is the highest bid is also 1/2.
The probability that X1 is the second-highest bid is equal to the probability that X2 > X1, which can be calculated as:
P(X2 > X1) = ∫[0,100] ∫[x2,100] f(x1)f(x2) dx1dx2
Simplifying this integral, we get:
P(X2 > X1) = 1/2
Similarly, the probability that X2 is the second-highest bid is also 1/2.
Therefore, the seller's expected revenue is equal to the expected second-highest bid, which can be calculated as:
E[second-highest bid] = ∫[0,100] ∫[0,x] 2f(x)f(y) y dydx
= 1/3 * 100^2
= 3333.33
Rounding to 2 decimal places, the seller's expected revenue is $3333.33.
Learn more abput auction here:
https://brainly.com/question/17288557
#SPJ11
a gym owner is considering opening a location on the other side of town. the new facility will cost $1.56 million and will be depreciated on a straight-line basis over a 20-year period. the new gym is expected to generate $577,000 in annual sales. variable costs are 40 percent of sales, the annual fixed costs are $94,100, and the tax rate is 34 percent. what is the operating cash flow? multiple choice $345,234 $112,234 $278,620 $192,906 $244,386
The operating cash flow of the new gym is c) $278,620.
To calculate the operating cash flow, we first need to determine the annual depreciation expense. Dividing the total cost by the number of years gives us an annual depreciation of $78,000.
Next, we can calculate the annual operating income by subtracting the variable and fixed costs from the sales revenue. This gives us an operating income of $193,800.
To calculate the taxable income, we subtract the depreciation expense from the operating income. This gives us a taxable income of $115,800.
Using the tax rate of 34 percent, we can calculate the taxes owed, which are $39,372.
Finally, we can calculate the operating cash flow by adding back the depreciation expense and subtracting the taxes owed. This gives us an operating cash flow of $278,620.
Therefore, the operating cash flow for the new gym is c) $278,620.
For more questions like Costs click the link below:
https://brainly.com/question/31041508
#SPJ11
section 302 of the sarbanes-oxley act . multiple select question. makes internal auditors responsible for monitoring and maintaining control activities makes managers responsible for establishing a control environment requires management to assess the risks it wishes to control requires certain specific controls regardless of benefits versus costs
Section 302 of the Sarbanes-Oxley Act makes managers responsible for establishing a control environment and requires management to assess the risks it wishes to control.
Section 302 does not make internal auditors responsible for monitoring and maintaining control activities. Instead, it holds the CEO and CFO accountable for the accuracy and reliability of their company's financial reporting.
This means that they are required to implement and maintain a system of internal controls that ensures the accuracy of financial reporting and compliance with applicable laws and regulations.
Explanation 3: Section 302 requires management to assess the risks it wishes to control. This means that management must identify and evaluate the risks that could impact the accuracy and reliability of financial reporting and ensure that appropriate internal controls are in place to manage those risks.
Section 302 does not require certain specific controls regardless of benefits versus costs. Instead, it emphasizes the importance of a tailored internal control system based on the company's size, complexity, and risk profile.
To know more about management visit:
https://brainly.com/question/14523862
#SPJ11