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erastovalidia [21]
3 years ago
14

Stewart Parnell, the former CEO of the now-bankrupt Peanut Corporation of America, was charged with falsifying food safety repor

ts required by the FDA. The reports certified that his peanut base product was salmonella free. In some cases, the tests were not yet complete when the certification was done and in other cases the tests indicated the presence of salmonella. ​ Part of the case came from federal agents’ examination of e-mails Mr. Parnell sent to his managers and employees. Which of the following is correct about the agents’ access to those e-mails?
a. Because employees e-mails are not private, the agents did not need a warrant.
b. both b and c
c. The agents would have been required to obtain a warrant.
d. Mr. Parnell could successfully object to the use of the e-mails because of his Fifth Amendment rights.
Business
1 answer:
pav-90 [236]3 years ago
7 0

Answer: c. The agents would have been required to obtain a warrant

Explanation: The decision determined that a person’s cell phone contains more information than a person’s house does. A person therefore has a "reasonable expectation of privacy" for the contents in their phone and police should not be able to search an arrestees cell phone without voluntary consent or a valid search warrant. Police are required to have a warrant to search a person’s cell phone even after a valid arrest... So it is very feasible that the agents to search the employees phone would have been asked to get a warranty which they possibly did to have been able to assess such information.

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Donna pays $5 for a sandwich and bag of chips. What function is money serving in this example?
Anna35 [415]
The money is serving as a medium of exchange. You are exchanging money, which represents the ability to purchase any good of equal value, for the sandwich and bag of chips. 
4 0
4 years ago
The following information is available for two different types of businesses for the 2016 accounting year services to is a merch
babunello [35]

Answer and Explanation:

The Preparation of income statement, balance sheet, and statement of cash flows for each of the companies is prepared below:-

<u>Income Statement </u>

<u>HOPKINS CPAs </u>

<u> For the year ended December,31 2016 </u>

<u>Particulars                          Amount</u>

Revenue:

Service Revenue                 $31,000  

Less: Salaries Expense       ($19,800)

Net Income                           $11,200

<u>Balance Sheet </u>

<u>HOPKINS CPAs </u>

<u>As at December 31,2016 </u>

<u>Particulars                                     Amount</u>

Assets  

Cash                        $52,200  

Total Assets                                   $52,200

Liabilities:  

Notes Payable          $41,000  

Total Liabilities                                 $41,000

Stockholder's Equity:  

Retained Earnings     $11,200  

Total Stockholder's

Equity                                        $11,200

Total Liabilities and

Stockholder's Equity                           $52,200

Working Note:

The Cash balance as on 31 December, 2016

= Borrowed amount + Collection from customer - Salary expense

= $41,000 + $31,000 - $19,800

=$52,200

<u>Statement of cash flows </u>

<u> HOPKINS CPAs </u>

<u>For the Year Ended 31, December, 2016 </u>

<u>Particulars                                                         Amount</u>

Cash Flows From Operating Activities:

Cash Inflow from Clients         $31,000  

Cash outflows for Salaries      -$19,800  

Net Cash Flow from Operating Activities         $11,200

Cash Flows From Investing Activities:             $0

Cash Flows From Financing Activities:

Cash Inflow from Loan                $41,000  

Net Cash Flows from Financing Activities  $41,000

Net Increase in Cash                                             $52,200

Add: Beginning Cash Balance                              $0

Ending Cash Balance                                            $52,200

Income Statement

Sports clothing

For the Year Ended 31 December,2016

Particulars                                 Amount

Revenue:  

Service Revenue                     $30,000

Less;Cost of Goods Sold        -$16,800

Gross Margin                            $13,200

Less: Operating Expense        -$2,400

Net Income                                 $10,800

<u>Balance Sheet </u>

<u>Sports clothing </u>

<u>As of December 31,2016 </u>

<u>Particulars                                                 Amount </u>

Assets:  

Cash                                  $48,600  

Merchandise Inventory    $3,200  

Total Assets                                              $51,800

Liabilities:

Notes Payable                $41,000  

Total Liabilities                                          $41,000

Stockholder's Equity:  

Retained Earnings          $10,800  

Total Stockholder's Equity                       $10,800

Total Liabilities and

Stockholder's Equity                                 $51,800

Notes:-

Cash balance on 31 December,2016 = Borrowed amount - Purchase of Inventory + Collection from sale of inventory -Operating expense

= $41,000 - $20,000 + $30,000 - $2,400

= $48,600

Merchandise Inventory = Purchase - Cost of goods sold

= $20,000 - $16,800

= $3,200

<u></u>

<u>Statement of Cash Flows </u>

<u> Sports Clothing </u>

<u>For the Year Ended 31, Dec 2016 </u>

<u>Particulars                                                                      Amount</u>

Cash Flows From Operating Activities  

Cash Inflow from Customers                   $30,000  

Less: Inventory for Cash Outflow           -$20,000

Less: Expenses for Cash Outflow           -$2,400  

Net Cash Flow From Operating Activities                        $7,600

Cash Flow From Investing Activities                                  $0

Cash Flow From Financing Activities

Cash Inflow from Loan                                   $41,000  

Net Cash Flow From Financing Activities                         $41,000

Net Increase in Cash                                                             $48,600

Add: Beginning Cash Balance                                               $0

Ending Cash Balance                                                             $48,600

8 0
3 years ago
Iris Souza started the summer with $30. She took $10 and made signs for her dog walking service. She posted the signs all over h
Ivenika [448]

Answer:

Souza's profit for her summer job is $125

Explanation:

Profit is the amount remaining after deducting total expenditure from total revenue.

Since Souza had $125 left after purchasing for herself a new pair of shoes for $50 at the end of the summer, her profit for her summer job is $125

6 0
3 years ago
Janice is going to give her patient a bath. she has the option of using prepackaged bathing wipes or a bath basin and washcloths
Hoochie [10]
Janice's choice is an example of fiscal responsibility. Fiscal responsibility is characterized as utilizing the assets of the patient to amplify medical advantages while at the same time using the assets of the organization to boost cost-adequacy. Being monetarily dependable means settling on capable asset portion choices.
7 0
3 years ago
Х
IgorC [24]
The answer would be b
6 0
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