Answer: WorldCom
Explanation:
The WorldCom scandal of 2002 was the worst one in U.S. history and led to shareholders losing over $30 billion as a result of share prices falling drastically when it was revealed that the company had been making fraudulent accounting entries to look successful when it fact it had been losing money.
Betty Vinson was the company's Director of Corporate Reporting and her boss, CEO Bernie Ebbers, pressured her into making fraudulent entries because it was said that he "didn't want to disappoint Wall Street". This scandal was one of those that directly led to the Sarbanes-Oxley Act being passed.
Answer:
![\left[\begin{array}{ccc}-&$June&$July\\$Units&3,800&4,300\\$Hours per Unit&0.05&0.05\\$Labor Hour&190&215\\$Rate&9.9&9.9\\$Labor Cost&1,881&2,128.5\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7D-%26%24June%26%24July%5C%5C%24Units%263%2C800%264%2C300%5C%5C%24Hours%20per%20Unit%260.05%260.05%5C%5C%24Labor%20Hour%26190%26215%5C%5C%24Rate%269.9%269.9%5C%5C%24Labor%20Cost%261%2C881%262%2C128.5%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Explanation:
We multiply the required units by the time per units
That way we obtain the labour hours
Next we multiply by the labor rate, giving us the labor cost.
<u>Key -terms</u>
labor rate: the total cost of an employee per hour
labor hours: 1 hours of work from an employee
Answer:
Debit supplies expense $2,200
Credit office supplies $2,200
Explanation:
The beginning balance of $1,600 plus the purchases of $1,800 makes an available office supplies balance for the period in the amount of $3,400. A year-end physical count of $1,200 constitutes the remaining supplies balance at the period after they used up the $2,200 portion ($3,400 - $1,200). The appropriate journal entry at the year end is to recognize the expense portion of the supplies. Therefore, we have to debit supplies expense and credit office supplies in the amount of $2,200.
Answer:
1. Why is it important for a restaurant to identify a specific target market?
- Restaurants operate on a monopolistically competitive market, that means that a lot suppliers offer differentiated products to a lot of consumers. Therefore, it is important to identify your target market in order to know who you are going to cater in your menus, and marketing activities.
2. How has the Internet made restaurant marketing cheaper and more convenient?
-
Before restaurants used to print fliers and advertise on newspapers or other mass media outlets which is really expensive. Now with the internet, marketing activities (e.g. emails) are much cheaper and faster to carry out.
3. Why are specials and promotions such effective marketing tools in today's economy?
- Competition has increased a lot in the past in every single industry, including restaurants, since people worry more about how they spend there money and more information is available about the different prices of restaurant menus.
4. Explain the difference between primary market research and secondary market research.
- Primary market data is information a company obtains by itself through some type of research study, e.g. surveys, focus groups, etc. While secondary data is information obtained by other sources, e.g. census, world atlas, etc.
5. Explain why a public relations campaign is necessary.
- Public relations campaigns are necessary in order to keep a positive and high reputation, so that the restaurant gets positive press. Bad things go viral instantly now, and it is really hard to deal with them.
Answer:
fall & $0.5 billion
Explanation:
Base on the scenario been described in the question, we can see that for each one percentage point increase in the interest rate, the level of spending investment is declining by $0.5 billion. For this reason it will make the investment spending to fall by $0.5 billion when the interest rate changes as we have seen in the first interest rate calculated.
