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lesantik [10]
3 years ago
10

When an insurance agency published an advertising brochure, it emphasized the company's financial stability and sound business p

ractices. In reality, its financial health is terrible, and the company will soon have to file for bankruptcy. Which of the following terms best describes the advertisement?1. twisting
2. rebating
3. false financial statement
4. defamation
Business
1 answer:
Alex Ar [27]3 years ago
3 0

Answer:

The right answer is 3. False financial statement

Explanation:

When a company gives statements about its processes that are different from those that are occurring inside it, it is considered false and misleading information. In the case of the previous approach as provided in the brochures that your financial situation is the best, we consider the answer 3 as correct since this information does not match what actually happens. therefore, in a false information.

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You deposit $100 in an account that pays 6 percent annual interest, compounded quarterly. What will your deposit grow to in 3 ye
Burka [1]

Answer:

$119.56

Explanation:

We will use compound interest formula to solve this problem.

The formula is:

F=P(1+r)^t

Where

F is the future value

P is the present amount

r is the rate of interest per period

t is the number of periods

Here,

F is the value we want, after 3 years

P is the present amount, $100

r is the rate of interest per quarter (per period)

Given r = 6% annually, so that would make:

6%/4 = 1.5% per quarter, or 1.5/100 = 0.015

Also, t is the number of quarters in 3 years, that would be 4*3 = 12

Now, substituting, we get our answer:

F=P(1+r)^t\\F=100(1+0.015)^{12}\\F=100(1.015)^{12}\\F=119.56

The first answer choice is right, $119.56

3 0
3 years ago
Harold, a black man, worked for Alegius Financial Services as a sales representative. On three separate occasions over a period
Mnenie [13.5K]

Answer:

The correct answer is letter "D": Harold will win his case because the employer was aware of the racially harassing behavior, yet no discipline was imposed.

Explanation:

The Equal Employment Opportunity Commission (<em>EEOC</em>) is an agency of the federal government of the United States that enforces laws against race, color, religion, sex, age, or disability discrimination in the workplace. Most employers and unions are covered under EEOC laws.

In Harold's case, the harassment was not specifically against him but there were clear signs of discrimination. However, Alegius Financial Services did not do anything regarding this issue what will result in finding the company liable after Harold sued them.

7 0
3 years ago
During the year, Eleanor earns $120,000 in wages as an employee of an accounting firm. She also earns $30,000 in gross income fr
madam [21]

Answer:

Self employment tax will be $24000

So option (e) will be correct option

Explanation:

We have given that earning from outside consulting service = $30000

Deductible amount paid in connection with consulting service = $6000

We have to find the self employment tax

Self employment tax is the difference of earning from outside source and deductible amount

So self employment tax = $30000 - $6000 = $24000

So option (e) will be correct option

5 0
3 years ago
The competitive equilibrium rent in a standard two bedroom apartment in lawrence (a city) is $600. now suppose the city council
Mekhanik [1.2K]
<span>Setting a rent control price ceiling will cause the same impact as any other price ceiling that is below the market equilibrium price: it will create a shortage in the market. At the price equilibrium of $600, the number of renters would exactly meet the number of available 2 bedroom apartments. However, with this fixed price ceiling, the position along the demand curve will shift to one of higher demand, with no analogous change in the supply curve. Thus there will be more renters than can be supported, and renters will have to look for alternatives and substitutes.</span>
8 0
3 years ago
Management has a legal and professional responsibility to be sure that the financial statements are prepared in accordance with
Triss [41]

Answer:

a. True

Explanation:

An accounting framework represents a set of criteria that is used to measure, interpret, and disclose the information that appears in an organization's financial statements.

The law of several nations mandates the Management of a company to prepare and present their financial statements in accordance with the laws of the nation. Since the law mandates this, it makes it a legal requirement.

3 0
3 years ago
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