SarbanesOxley's purpose is to maintain public confidence and ...

[casperchen82]

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

[lkanara2]

Answer to Question 1

True

Answer to Question 2

a, f, d, c, d, b

[casperchen82]

Correct answers!

[lkanara2]

Great! Please up vote