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Misha Larkins [42]
2 years ago
9

Which memo provided advanced general principles to consider in cases involving corporate wrongdoing in that it makes clear that

ethics and compliance programs are important to detecting the types of misconduct most likely to occur in a particular corporations’ line of business?
a. Holder memo
b. Johnson memo
c. Obama memo
d. Trump memo
e. Thompson memo
Business
1 answer:
Gekata [30.6K]2 years ago
8 0

Answer:

E. Thompson memo

Explanation:

The name 'Thompson Memo' was used to honor the Deputy attorney General that first issued the memo in 2003. His name is Larry Thompson.

The memo was created to distinguished the line between the 'honest mistake' that the company might do and an actual wrongdoings that must be punished by law.

The memo consist of several criteria that future prosecutors can use to determine whether a company should be punished or not. Those criterias are:

- The nature/seriousness of the offense

- Whether they did a similar 'mistake in the past

- Whether the company admit the mistake by their own or whether it's exposed by other people

- Whether the company proposed a remedial action.

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A rock group assigns its payment under a performance contract to the Costume Shop, a business that has supplied the group with o
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Answer:

Rock Group and Costume Shop

Under this arrangement the rock group is the

d. assignor.

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Norberto is opening a bicycle shop, and his monthly expenditures to get the shop up and running exceed his monthly income. Norbe
horrorfan [7]

Answer: option D

       

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7 0
3 years ago
Short Company purchased land by paying $22,000 cash on the purchase date and agreed to pay $22,000 for each of the next seven ye
muminat

Answer:

The liability reported is closest to $107,105.21.

Explanation:

This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or the the liability reported  =?

P = Annuity payment = $22,000

r = Student's desired return rate = 10%, or 0.10

n = number of years = 7

Substitute the values into equation (1) to have:

PV = $22,000 * ((1 - (1 / (1 + 0.10))^7) / 0.10)

PV = $22,000 * 4.86841881769293

PV = $107,105.21

Therefore, the liability reported is closest to $107,105.21.

4 0
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