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harkovskaia [24]
3 years ago
5

The owner of a used car dealership and his business had been under investigation by the IRS for several months because of suspec

ted fraudulent tax returns. In addition, a police detective who had been investigating a stolen car ring uncovered evidence indicating that the car dealer might be a part of the ring. The detective went to the car lot and found evidence indicating that the ring was operating through there. The car dealer then agreed to accompany the detective to the station to make a statement on the evidence. On the way he voluntarily informed the detective about the fraudulently filed tax returns, because he believed that by revealing these facts he might receive a lighter sentence for his involvement in the stolen car ring.At his trial for filing false tax returns, the car dealer's attorney moved to exclude the statement he made. The best argument for admitting the statement is that:
Business
1 answer:
Lyrx [107]3 years ago
6 0

Answer:

The best argument for admitting the statement is that: the statement was volunteered by the car dealer.

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What will happen when individuals and businesses are permitted to trade freely over a larger market area?
nydimaria [60]

They will be able to produce more and have access to buying a more diverse set of goods.

Consider the example of internet shopping, which allows the customer to buy from companies all over the world and access a wider range of products.

7 0
3 years ago
In the context of key economic considerations when entering a foreign market, the transportation infrastructure in a country mos
shepuryov [24]

Answer:

The correct answer is letter "D": roads.

Explanation:

Depending on the industry of a company conducting operations in a foreign market, such as mining, the firm is likely to need to construct <em>roads </em>to create communication means between the area where the company is to operate and where the products manufactured are going to be traded.  

<em>Foreign investment involves large amounts of money that is why some companies prefer other methods to have a presence in other countries such as franchising or licensing.</em>

6 0
3 years ago
Accrual accounting: A. results in the balance sheet showing the fair value of the entity's assets. B. is designed to match reven
satela [25.4K]

Answer:

The answer is B. is designed to match revenues and expenses.

Explanation:

Accrual Accounting method records revenues and expenses when they are incurred, regardless of when cash is received or paid.

5 0
3 years ago
We are evaluating a project that costs $1.68 million, has a six-year life, and has no salvage value. Assume that depreciation is
zvonat [6]

Answer:

                              Best-Case        Worst-Case

                                  NPV                     NPV

PV of cash inflows $2,897,706      $3,187,477

PV of project cost  $1,680,000     $1,848,000 ($1,680,000 * 1.1)

NPV                         $1,217,706    $1,339,477

Explanation:

a) Data and Calculations:

Initial project cost = $1.68 million

Project's estimated life = 6 years

Salvage value = $0

Depreciation expense = $280,000 ($1.68 million/6)

Income Statement:

Sales revenue (90,000 * $37.95) = $3,415,500

Cost of goods sold:

Variable cost (90,000 * $23.20) =    2,088,000

Gross profit =                                    $1,327,500

Fixed costs =                                         815,000

Income before tax =                           $512,500

Income tax (21% of $512,500) =          107,625

Net income =                                     $404,875

Add depreciation expense                280,000

Annual cash inflows =                      $684,875

PV annuity factor for 6 years at 11% = 4.231

PV of annual cash inflows of $684,875= $2,897,706 ($684,875 * 4.231)

Annual cash inflows = $753,363 ($684,875 * 1.1)

PV of annual cash inflows of $753,363 = $3,187,477 ($753,363 * 4.231)

3 0
3 years ago
Allocating common fixed expenses to business segments: Multiple Choice may cause managers to erroneously keep business segments
Anna007 [38]

Answer:

ensures that all costs are covered

Explanation:

Common fixed expenses is support the operation of many segments. It is not visible in whole segment or in the part of any segment.

Allocating common fixed expenses to business segments may reason the managers to wrongly terminated business segments because it’s artificially increases each segment of break even point. Even after discontinuation of common fixed expenses, it will happen continuously.

So According to the analysis, option (C) is correct.

4 0
3 years ago
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