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Elena L [17]
3 years ago
12

After being named as a defendant in a corporate fraud case, the XYZ accounting firm was found guilty of negligence and fined $25

billion. As a partner for the firm, what would you recommend as the next course of action
Business
1 answer:
madreJ [45]3 years ago
3 0

<u>Answer:</u>

<u>Appeal the decision </u>

<u>Explanation:</u>

In law, it allows for the losing party of a verdict to appeal the decision of a lower court to a higher court.

Thus, as a partner of XYZ accounting firm will advise the firm to appeal the fine and charges of negligence brought against it, doing so is a constitutional right. Depending on the outcome of the appeal case, appropriate measures would be taken to avoid any long term effects on the firm.

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Joe needs display racks and cabinets to open his clothing store, but he doesn't have the money to pay for them right away. A sup
zhuklara [117]

Answer:

The correct answer is letter "E": a trade credit.

Explanation:

Trade credit implies a customer buying products from a seller that helps the purchaser to later pay for the goods. Essentially, the seller provides the buyer with a short-term loan. Typical terms of trade credit must be charged for <em>30 days</em>, but may also be <em>45, 60, 90, </em>or <em>180 days</em> in some situations.

5 0
4 years ago
You take out a loan for $4000 at an annual interest rate of 5% (compounded annually). You must pay back the loan in 3 annual ins
GalinKa [24]

Answer: = $2,731.14

Explanation:

First find the annual payment.

The payment will be constant so is an annuity.

Present Value of an Annuity = Payment * Present Value Interest Factor of an annuity

4,000 = Payment * PVIFA( 3 periods, 5%)

4,000 = Payment * 2.7232

Payment = 4,000 / 2.7232

Payment = $1,468.86

This annual Payment is divided into an interest component and a component going towards principal repayment.

Interest component =  5% * 4,000

= $200

Amount going to principal = 1,468.86 - 200

= $1,268.86

Amount of Principal Outstanding = 4,000 - 1,268.86

= $2,731.14

3 0
3 years ago
Suppose that the United States and Canada both produce only two products, televisions and food. The United States can produce 10
algol13

Answer:

Option A. Two - Third of a television

Explanation:

Using Unitary Method,

Here, the opportunity cost of producing 150 pounds of food in US = 100 televisions

Similary the opportunity cost of producing 1 pound of food in US = 100 / 150 televisions = 0.66 televisions = 2/3 televisions

So the right option is A.

3 0
3 years ago
Which of the following would not involve a capital-budgeting analysis?
JulijaS [17]

Answer:

The correct answer is B. The adoption of a new cost driver for overhead application.  

Explanation:

This option is chosen because it is not directly related to organizational capital, or the production of goods or the provision of services. Otherwise it happens with options A and C, which does merit an analysis of the capital budget.

Option B is only taken into account in the analysis of the sales budget or production costs.

7 0
3 years ago
Lisa is a full-time undergraduate student who wants to claim AOC. She brings in her school billing statement, as well as receipt
Romashka [77]

Answer:

Option D

Explanation:

Option D are all the requirements needed for to process the eligibility of Lisa for aoc and applying for aoc.

7 0
4 years ago
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