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Valentin [98]
3 years ago
9

The cases of Enron and Bernard Madoff go beyond a question of ethics because in both cases ________. no harm was intended and th

ey had good reasons for what they did billions of dollars were involved many people were hurt laws were clearly broken
Business
2 answers:
Triss [41]3 years ago
4 0

Answer:

laws were clearly broken

Mariana [72]3 years ago
4 0

Answer:

The correct answer is letter "D": laws were clearly broken.

Explanation:

The Enron Corporation was an American energy company that filed for bankruptcy in 2001 due to audit failure. <em>Enron's Financial Statements had been manipulated</em>.

Bernard L. Madoff Investment Securities LLC, a company founded by Bernie Madoff who was the former chairman of the National Association of Securities Dealers Automated Quotations (NASDAQ), was an entity that <em>benefited from its investors' pools of money</em>. In 2009, Madoff was arrested and found guilty in 11 federal crimes.

In both cases, laws were broken.

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Suppose you invest $2500 each year in a savings account that earns 12% per year. How much will be in the account in 10 years?
iVinArrow [24]

Answer:

Final Value= $43,871.84

Explanation:

Giving the following information:

Suppose you invest $2500 each year in a savings account that earns 12% per year.

Number of years= 10

To calculate the final value we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit= 2,500

i= 0.12

n=10

FV= {2,500*[(1.12^10)-1]}/0.12= $43,871.84

4 0
3 years ago
A trial balance can best be explained as a list of: Multiple Choice The balance sheet accounts used to show the equality of the
zalisa [80]

Answer:

All accounts and their balances at a particular date

Explanation:

The trial balance is the total of the all accounts belong to the income statement, retained earnings, balance sheet. Also their debit and credit balance are totalled and equalled to each other

So as per the given options, all other options except the above one are wrong as it represent to the particular statement i.e. totally incorrect

Therefore the above represent the answer

3 0
2 years ago
Zachary, a manager at ExecuComp, receives quarterly reports, which track his department's production statistics. However, these
makkiz [27]

Answer: measuring actual performance

Explanation: Measuring is the first step in the control cycle. Many employment and tasks can be expressed in concrete and observable terms.

Managers often use a number of information sources to assess actual performance, such as personal observations, statistical reports, oral reports, and written reports.

In the given case, Zachary is using a report that lacks relevance relative to the measurement criteria. Hence from the above we can conclude that the correct option is A.

6 0
3 years ago
Read 2 more answers
Consider two scenarios for a nation's economic growth. Scenario A has real GDP growing at an average annual rate of 3.5 percent;
WARRIOR [948]

Answer:

20 years (scenario A) and 16 years (scenario B)

Explanation:

The real GDP will double in "n" number of years, with "n" estimated by interpolation using the formula below.

current GDP * (1+Growth Rate)^{n} = 2 * current GDP

In the solutions below, we assumed current GDP to be 1, and as a result, the GDP will double to 2.

Scenario A

1 * (1+0.35)^{n} =2

When you substitute 20 for "n" in the left hand side (LHS) of the equation, you will arrive at 1.99 which is approximately equal to 2. Any number below 20 will result in a number less than 2.

Thus, with an average annual real GDP growth rate of 3.5%, real GDP will double in about 20 years.

Scenario B

1 * (1+0.45)^{n} =2

When you substitute 16 for "n" in the left hand side (LHS) of the equation, you will arrive at 2.02 which is approximately equal to 2. Any number below 16 will result in a number less than 2.

Thus, with an average annual real GDP growth rate of 4.5%, real GDP will double in about 16 years.

6 0
3 years ago
Reverend samuel stanhope smiths proposal that skin color should be viewed as a product of climate and therefore not correlated t
Tatiana [17]
I think he felt that skin was attributable to climate and did not affect one's intelligence, character and personality so  he was not a racist. While areas of the world like Latinamerica and Africa for example have many people with brown or black skin, they are every much as capable as people from more northern climates with white skin. The fact that, for example the Latin american areas had advanced civilizations like the Incas and Aztecs, the former with 1000's of kilometers of roads tying their empires together and the Aztecs with their monumental temples and both with advanced agriculture based on astronomical observations shows this is the case.
7 0
3 years ago
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