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ICE Princess25 [194]
3 years ago
11

James Jones, a Florida health inspector, inspected, Caribbean Eats a restaurant owned by Tom Cruise. Jones found several health

violations in Caribbean East and fined Cruise accordingly. When Jones notified Cruise of the infractions, Jones strongly suggested that $10,000 "would sure prove handy since he planned to take a month long cruise to Europe. Cruise understood Jones' obvious hint and offered Jones $5,000 if he would lose the paperwork concerning the failure of the restaurant to meet proper inspection guidelines. Jones accepted the $5,000 and lost the paperwork. Jones returned to the restaurant and told Cruise that he would reappear every month and find violations unless Cruise produced $1,000 each month. Cruise agreed to make the $1,000 payments. Using IRAC determine what crimes have been committed by Jones and Cruise?
Business
1 answer:
Leto [7]3 years ago
7 0
IRAC stands for Issue, Rule, Application, Conclusion

I'll just put out issues.

James Jones - corruption, extortion, and blackmail

Tom Cruise - health violations, bribery

Both conducted under the table negotiations. 
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Suppose you deposit ​$2,200 cash into your checking account. By how much will the total money supply increase as a result when t
zhannawk [14.2K]

Answer:

The money supply increases by $3300.

Explanation:

Money multiplier = 1/reserve ratio

= 1/0.4

= 2.5

the change in the money supply = deposit *multiplier -deposit

= $2,200*2.5 - $2,200  

= $3300

Therefore, The money supply increases by $3300.

6 0
3 years ago
Click to watch the Tell Me More Learning Objective 3 video and then answer the questions below. 1. On April 4, a $2,000 account
AleksandrR [38]

Answer:

The correct answer is debit to Bad Debt Expense.

Explanation:

Taking into account the nature of both accounts, the registration of an account receivable is considered an asset taking into account that it is a callable value for the sale of products or services on credit, for which reason it is recorded in the debit to increase the company rights. In the exposed case, where the debt is considered uncollectible after exhausting many resources, the record is to recognize an expense (debit nature), against a credit to the account receivable with the objective of recognizing in the accounting the loss in the expense and the cancellation of the right in the asset.

4 0
3 years ago
Match the accounting terminology to the definitions (Click the icon to view the definitions.)
Volgvan

Answer:

a. Accounting.

b. Certified public accountants.

c. Creditor.

d. Managerial accounting.

e. Certified management accountants.

f. Financial accounting.

Explanation:

1. <u>Accounting</u>: information system that measures business activities, processes that information into reports, and communicates the results to decision makers.

2. <u>Certified public accountants</u>: professional accountants who serve the general public.

3. <u>Creditor</u>: person or business to whom a business owes money.

4. <u>Managerial accounting</u>: field of accounting that focuses on providing information for internal decision makers.

5. <u>Certified management accountants</u>: professionals who work for a single company.

6. <u>Financial accounting</u>: field of accounting that focuses on providing information for external decision makers.

7 0
3 years ago
Jenna and martin complete their part of project zenith. their progress is best measured against ________ goals.
soldi70 [24.7K]

Jenna and martin complete their part of project zenith. Their progress is best measured against task goals. The easiest way to gauge their development is to compare it to the objectives of the task. The act of performing a task! You do not want to obtain this outcome at the conclusion of the quarter; it is not a result. In contrast to tasks, goals (such as OKR goals) are outcomes and results. Therefore, at its most basic level, a task is merely an action; to finish a project, you must perform a number of tasks or activities.

To accomplish your goal, we must complete numerous tasks (and possibly numerous projects), yet activities themselves cannot tell you whether you are acting appropriately. You are merely performing them. What is right or what is right for your business, or what is most important for your organization this quarter, is revealed by your OKR goals.

#SPJ4

6 0
1 year ago
In its most recent financial statements, Del-Castillo Inc. reported $30 million of net income and $970 million of retained earni
Andrew [12]

Answer:

the firm pay 39 millions dividends to his shareholders during the year.

Explanation:

The retained earnings identity is as follow:

beginning RE + net income - dividends = ending RE

we plug our values into the formula:

970 + 30 - dividends = 961

we clear dividends:

970 + 30 - 961 = dividends

And solve:

dividends = 39

<u>Notes:</u>

For every account, we always have this similar identity:

a beginning balance

a type of transaction that increase their balance

another kind of transaction which decreased

and a final balance which is the net of the previous.

beginning + increase - decrease = ending

Always try to identify how each transaction impact the account and from there, setup the equation.

8 0
3 years ago
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