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kompoz [17]
3 years ago
8

Check my work (1 remaining) rupert and cordelia own an american company that does business in foreign nations. getting a license

in a new country can be challenging. as they try to enter into business in a new country, rupert fills out the license paperwork and takes it to the correct office. there he pays the front-desk person $100 to process the paperwork, as is the custom in that country. cordelia, who has connections in that country, schedules an appointment with the minister of commerce, who has the authority to determine which foreign companies get licenses, and pays him $200 to approve their license. which payment(s) likely violated the foreign corrupt practices act?
Business
1 answer:
alexandr1967 [171]3 years ago
7 0

In this case, both of the payments would be in violation of the Foreign Corrupt Practices Act. Basically this law prohibits the payment of "bribes" to any foreign official OR anyone that might have influence with a foreign official . This includes anything exchange of things of value (including services) and not limited to monetary means.

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On February 14, Garcia Associates Co. paid $2,300 to repair the transmission on one of its delivery vans. In addition, Garcia pa
Ksju [112]

Answer with its Explanation:

On February 14, the repairment of transmission is the repair and maintenance cost and hence it must be accounted for as an expense.

The Double entry would be:

Dr Repairs and Maintenance Expense       $2,300

Cr                                           Cash                       $2,300

On the same date, the installation of GPS system is an addition of an asset in the delivery truck hence it must be capitalized.

The Double entry would be:

Dr Delivery Van  $450

Cr                    Cash       $450

4 0
2 years ago
The value of a financial asset is the​ ________.
nadezda [96]

Answer: The correct answer is "B. present value of all of the future cash flows that will be received".

Explanation: The value of a financial asset is the​ present value of all of the future cash flows that will be received.

To value a financial asset, all future cash flows must be taken into account, therefore their value will be the sum of the present values of each of the future cash flows.

8 0
3 years ago
32. What is a predatory financial service?
Tresset [83]
<h2>Answer:</h2>

<h3>Predatory lending typically refers to lending practices that impose unfair,selective, or abusive loan term on borrowers.</h3>

<h2>Explanation:</h2>

<h3>Hope It's Help</h3>

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8 0
2 years ago
The Cole Beverage Company (CBC) has a soft drink product that has a constant annual demand of 3,600 cases per year. A case of th
skad [1K]

Answer:

a. 480

Explanation:

The computation of the economic order quantity is given below:

EOQ = \sqrt{\frac{2\times annual \ demand \times ordering\ cost }{carrying \ cost}}  \\\\= \sqrt{\frac{2\times 3600\times \$32}{\$1} }

= 480 units

The carrying cost could be determined below:

= $4 × 25%

= $1

hence, the carrying cost is $1

Therefore the economic order quantity is 480

Thus, the correct option is a.

7 0
2 years ago
Brenda says her assets are definitely greater than her liabilities. which explains whether brenda is correct? brenda is correct
yuradex [85]

Brenda is not correct because the total value of her assets could be less than the liabilities.

<h3>What are liabilities?</h3>

A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.

Liabilities on the balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accumulated costs.

Assets can be contrasted with liabilities. Assets are items you own or owe money to, whereas liabilities are debts or other obligations.

An obligation between two parties that has not yet been fulfilled or paid for is generally referred to as a liability.

Learn more about liabilities

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3 0
1 year ago
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