Answer Posted / Rajat Gupta
SOX refers to Sarbanes-Oxley Act, a United States federal law enacted in 2002. It's designed to protect investors by improving the accuracy and reliability of corporate disclosures. The act establishes new or enhanced standards for all U.S. public company boards, management, and public accounting firms as well as auditor independence rules aimed at preventing accounting fraud and corporate corruption.
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You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000
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