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3 years ago

Tyco International CEO Dennis Koslowzki was convicted of fraud because he__________________.

Business

2 answers:

kondaur [170]3 years ago

8 0

Answer:

The correct answer is letter "B": concocted accounting practices to overstate the company’s income over a four year period.

Explanation:

Ex-Chief Executive Officer (CEO) of Tyco International Leo Dennis Kozlowski (born in 1946) helped the company to boost its profits thanks to his risky management style during the but Kozlowski took advantage of the economic prosperity of the company for his personal good. He purchased different acres in Florida and made Tyco purchase him a $30 million department in Manhattan, New York.

<em>Kolowski was charged for fraud in 2005 for rewarding himself with unauthorized bonuses for around $81 million in the 1997-2001 period.</em>

Reil [10]3 years ago

7 0

Answer:

A) Kozlowski was convicted of fraud because he used company money to buy a $30 million estate in Manhattan, Florida

Explanation:

Kozlowski prosecution’s emphasis in the first trial on lavish spending revealed that the furnishings at his Manhattan apartment included a $6,000 shower curtain and other extravagances that brought the price of the place to more than $30 million was pared in the second prosecution which led to his conviction.

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3 years ago

Read 2 more answers

Following are the average accounts receivable and net sales reported recently by two large bever age companies (dollar amounts a

Vlada [557]

Answer:

A) Accounts receivable turnover ratio = Net credit sales / Average accounts receivable

The following table shows the accounts receivable turnover ratio of MCB and ABI:

Particulars MCB ABI

Net sales $8320 $17400

Average Accounts Receivable $720 $900

Accounts Receivable Turnover rate 11.5 19.3

Day's sale outstanding = Accounts receivable / Total credit sales × 365

The following table shows the days sale outstanding of MCB and ABI:

Particulars MCB ABI

Net sales $8,320 $17,400

Average Accounts Receivable $720 $900

Day's sale outstanding 31.58 18.88

Explanation:

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