Suppose you decide as did steve job and mark zuckerberg to start a company. your product is a software platform that integrates a wide range of media devices, including laptop computers, desktop computers, digital video recorders and cell phones. your initial market is the student body at your university. once you have established your company and set up procedures for operating it, you plan to expand to other college in later. you plan to go public with an ipo, and then to buy a yacht and take off for the south pacific to indulge in your passion for underwater photography. suppose your company raises funds from outside lenders. what type of agency costs might occur? how might lenders mitigate the agency costs?

Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?

Which of the following is likely not a benefit of requiring a grand jury to listen to and examine all of the evidence against a person suspected of committing a serious crime and then independently deciding whether or not to hand down an indictment? 1.the grand jury system provides the accused another safeguard against being sent to trial and facing conviction based on flawed evidence. 2.the members of the grand jury are drawn from the community and are empowered to render independent decisions about whether or not the government has collected enough evidence to bring an individual to trial. 3.the grand jury’s decision can provide prosecutors insight into what is necessary to build a sufficient case if a similar crime is presented later. 4.the grand jury is impaneled to rubber-stamp prosecutors’ cases, which makes it possible for more cases to reach trial.

The sarbanes-oxley act was passed to question 6 options: prevent fraud at public companies. replace all of the old accounting procedures with new ones. improve the accuracy of the company's financial reporting. both a and c