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Reika [66]
3 years ago
14

Ramsay, the ceo of a large corporation, was indicted for tax fraud. the government accused him of hiding a vast amount of the co

mpany's assets. however, he was found not guilty at trial. can the company still be liable for ramsay's conduct?
Business
1 answer:
Harlamova29_29 [7]3 years ago
4 0
In this type of situation, both Ramsay and the company will be investigated for the tax fraud case. Even if Ramsay was found not guilty, the company will still be investigated since the company is a separate entity and there is an alleged big amount hidden in company's assets. If the company is found guilty, it will still be liable for the case even if Ramsay was found not guilty. Most likely, the investigators will try to tie the case back to him anyway since he is one of the main representatives of the company. 
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Company A makes canned tomatoes. The plant operates around the clock and has a long conveyor belt to take the
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<u>Answer:</u>

bulk

<u>Explanation:</u>

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Therefore, the production of tomatoes in a bulk is a continuous process which goes on around the clock on a conveyor belt and the final products are sent out in batches which have their own unique identity number.

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ABC Ltd. purchased a new 3-D printer for $500,000 at the beginning of year 1. Although this printer is expected to last for 10 y
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Answer:

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5 0
2 years ago
In the heading of a cover letter, which of the following formats should be used for the date?
loris [4]
<span>It should be laid out like this example:(November 10, 2015)</span>
7 0
3 years ago
Waterway Industries purchased a depreciable asset for $837300 on January 1, 2018. The estimated salvage value is $84000, and the
murzikaleks [220]

Answer:

$222,100

Explanation:

Cost = $837,300

Residual value = $84,000  

Useful life = 9 years  

Now,  

Annual straight line depreciation = \frac{Cost-Residual Value}{Useful life}  

Annual straight line depreciation = \frac{837,300 - 84,000}{9}  

Annual straight line depreciation = \frac{753,300}{9}  

Annual straight line depreciation = $83,700

Accumulated depreciation for three years i.e., 2018, 2019 and 2020 would be:

Accumulated depreciation = 3 × $83,700

Accumulated depreciation = $251,100

Book value (at the end of year 2020) = Cost - Accumulated depreciation  

Book value (at the end of year 2020) = $837,300 - $251,100

Book value (at the end of year 2020) = $586,200

Revised useful life = 5 years

No. years asset has been used = 3 years

Remaining useful life = 2 years

Revised salvage value = $142,000

Therefore, depreciation expense for the remaining three year would be:

Revised depreciation expense = \frac{Book value at the end of 2020 - Revised residual Value}{Remaining useful life}  

Revised depreciation expense = \frac{586,200 - 142,000}{2}  

Revised depreciation expense = \frac{444,200}{2}

Revised depreciation expense = $222,100

5 0
3 years ago
Sailmaster makes high-performance sails for competitive windsurfers. Below is information about the inputs and outputs for one m
harina [27]

Answer:

Productivity in sales revenue/labor expense = 4.01

Explanation:

We know,

<u>Productivity = Sales Revenue ÷ Labor Expense</u>

Again, we know

Sales revenue = Total number of units sold × Sales price per unit

Given,

units sold = 1,214

Sales price per unit = $1,697

Putting the values in the formula,

<em>Sales revenue = 1,214 × $1,697 = $2,060,158</em>

Labor Expense = Total labor hours × Wage rate per hour

Given,

Total labor hours = 46,675

Wage rate per hour = $11

Putting the values in the formula,

<em>Labor Expense = 46,675 hours × $11 = $513,425</em>

Therefore,

Productivity = $2,060,158 ÷ $513,425

Productivity = 4.01

8 0
3 years ago
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