The Sarbanes-Oxley Act (SOX) establishes requirements for documentation and procedures within a company, especially as they relate to financial reporting

Indicate whether the statement is true or false.

Answer: TRUE

Business

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Ray was very angry at Mitchell when he lost a bet to him over a hockey game. Ray walked by Mitchell's car and used his keys to put a deep scratch into the side of Mitchell's car. As a result Ray could be liable for

A) trespass B) negligence C) conversion D) inducing breach of contract E) trespass to goods

Business

Brett's, Inc is a national distributor of women's apparel. The company expects to receive 95,000 checks during

the coming year totaling $78 million. A large bank has offered to install a lock-box system at a charge of $0.45 per processed check. If Brett's, Inc is able to earn 5 percent before tax on additional funds, what is the minimum amount of total float days that must be saved to make the system worthwhile? Use a 365-day year.

Business