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Author Question: SarbanesOxley's purpose is to maintain public confidence and trust in the financial reporting of ... (Read 82 times)

casperchen82

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on: Jul 5, 2018
SarbanesOxley's purpose is to maintain public confidence and trust in the financial reporting of companies.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Match the descriptions below to the correct credit or shipping terms. Some terms may be used more than once. Others may not be used at all.
 
  a. 2/10, n/30
  b. 1/15, n/45
  c. n/30
  d. 3/10, n/60
  e. FOB destination
  f. FOB shipping point
 
  ______ 1. would result in a 200 discount for early payment of a 10,000 purchase
  ______ 2. shipping terms that would typically mean that the buyer has to pay the freight charges
  ______ 3. credit terms that allow the buyer a maximum of two months to pay the debt
  ______ 4. credit terms that do not allow a discount for early payment
  ______ 5. would result in a 150 discount for early payment of a 5,000 purchase
  ______ 6. credit terms that would set May 2 as the latest payment date to take a discount on an April 17 purchase


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lkanara2

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Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

a, f, d, c, d, b


casperchen82

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Reply #2 on: Jul 5, 2018
Correct answers!


lkanara2

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Reply #3 on: Jul 5, 2018
Great! Please up vote :D


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