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Yuri [45]
3 years ago
9

Heidi decided to make extra money by offering to do investments for her friends for a fee. She actually did no investing, but us

ed the funds from new friends to pay off earlier enrollees. This worked well for a while, but her scheme came to light when her supply of new friends came to an end. She is guilty of which of the following practices?
A Ponzi scheme is an investment swindle in which high profits are promised from fictitious sources and early investors are paid off with funds raised from later ones.
Business
1 answer:
ohaa [14]3 years ago
3 0

Answer:

operating a ponzi scheme

Explanation:

Based on the scenario being described within the question it can be said that in this situation she is guilty of operating a ponzi scheme. This is a type of fraud in which an individual new entrants are promised huge returns on their investments and older clients are paid off by the money generated from newer investors. This continues to occur until the creators gather enough money for themselves and take off causing the entire scheme to fall and everyone to lose their money.

You might be interested in
the role of the develpoed nation in helping the developing nations for sustainable develpoment of natural resources???pls help.
tigry1 [53]

Answer:

Developed nations have an economic and moral responsability to help developing contries achieve sustainable development goals not only because developed nations have more money, but also because they are the main originators of climate change.

For this reason, developed nations should give funds to developing nations in order to fund projects such as solar, wind, geothermal, and nuclear power plants, and they should also provide technical assistance, since the population of developed nations tends to be more educated than that of developing nations.

7 0
2 years ago
Chuck offers $240,000 for a house. The seller turns down the offer but says she will sell the house for $260,000. However, Chuck
qaws [65]

Answer:

Chuck must be less than $260,000

Explanation:

The economic decision rule is: Do it if that marginal benefit exceeds the marginal cost and Since Chuck was unwilling to purchase the house at $260,000, we can deduce that the marginal benefit of purchasing the house must be less than $260,000 due to the fact that the seller turns down the offer but says she will sell the house for $260,000.

6 0
3 years ago
A broker-dealer is physically located and registered in State A. The broker-dealer has an existing client in State A who is a st
mars1129 [50]

Answer:

D) The broker-dealer must be registered in State B in order to contact the client while she is in medical school in State B

Explanation:

Since the client will live in state B for an extended period of time, at least 4 years if she completes medical school, the broker-dealer must be registered in state B if he wishes to continue doing business with her.

If the client would have only gone to state B for a few months, then the broker could have still worked with her without registering in state B since the client could be considered on a vacation trip.

7 0
3 years ago
The Federal Trade Commission (FTC) is a government agency that issues rules, orders, and decisions. The Georgia state legislatur
fomenos

Answer:

c)

Explanation:

Administrative law is the body of law that controls all of the activities as well as the administrative agencies of a specific government. Administrative law includes the rules, orders, and decisions of the Federal Trade Commission. This branch of public law can also enforce certain regulatory agenda that has already been made.

4 0
2 years ago
Marple Company's budgeted production in units and budgeted raw materials purchases over the next three months are given below:
Vlada [557]

Answer: 75,000 units

Explanation:

Come up with an expression to solve this.

Assume the budgeted production needed is P.

P needs 2 pounds of raw materials per unit so raw materials needed are 2P.

Beginning raw materials for February have to be 30% of the needs of February;

= 30% * 2P

= 0.6P

Ending raw materials for February have to be 30% of March needs so;

= 30% * 100,000 * 2 pounds

= ‭60,000‬ pounds

So;

Budgeted raw materials purchase for February = Raw materials needed + Ending raw materials - Beginning raw materials

165,000 = 2P + 60,000 - 0.6P

1.4P = 165,000 - 60,000

P =  (165,000 - 60,000) / 1.4

= 75,000 units

5 0
2 years ago
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