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meriva
3 years ago
11

Bugle Corp. approved a plan of merger with Stanley Corp. One of the determining factors in approving the merger was the strong f

inancial statements of Stanley which were audited by Dennis & Co., CPAs. Bugle had engaged Dennis to audit Stanley's financial statements. While performing the audit, Dennis failed to discover certain instances of fraud which have subsequently caused Bugle to suffer substantial losses. In order for Dennis to be liable under common law, Bugle, at a minimum, must prove that Dennis:
Failed to exercise due care.



Acted recklessly or with lack of reasonable grounds for belief.



Was grossly negligent.



Knew of the instances of fraud.
Business
1 answer:
lesya [120]3 years ago
4 0

Answer:

A). Failed to exercise due care.

Explanation:

As per the given details, Bugle Corp. needs to prove that Dennis & Co. failed to exert the required care which it was supposed to exercise while auditing the financial statements of Stanley Corp. <u>This failure led Bugle Corp. to suffer major losses and thus, they must be accountable for this loss under the general law as they ignored the potential hazards</u>. Legally, this is unlawful as they were expected to ensure that these hazards must have addressed and told Bugle Corp. on time but since they failed, they are guilty of the crime. Hence, <u>option A</u> is the correct answer.

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Community hospital of the west is experiencing changes occurring throughout the facility, many of the employees are concerned ab
Monica [59]

Answer:

in order to support the employees during the transitional phase of change, the hospital could try helping the employees get used to the new changes by maybe adding facilities that they are used to or maybe arrange some colleagues that the employees are familiar with to work with them, so they can get used to the new things with some support by their side.

consequences the hospital May face if they don't support their employees to make them feel more comfortable in their workplace, many of their workers May quit and it would be hard to find new employees and it would be time-consuming to teach the new employees all over again.

another consequence is that if their employees are the ones that make a lot of people want to go to their Hospital community, then losing them may make the people that go to the hospital community to not want to return again and maybe leave a bad review, since the help support care and treatment probably isn't the same.

5 0
3 years ago
Over the past four years, the annual percentage returns on large-company stocks were 15, 7, 4, and 18%. For the same time period
Kisachek [45]

Answer:

c. 7.98; .92.

Explanation:

My calculations varied slightly (0.02% and 0.01%), but the error might be a rounding error. Option C is the logical answer since the difference is minimum.

real rate returns from stocks:

15% - 2.8% = 12.2%

7% - 2.8% = 4.2%

4% - 2.8% = 1.2%

18% - 2.8% = 15.2%

average real return = 8.2% arithmetic mean

average real return = 8% geometric mean

real rate returns from US T-bills:

6% - 2.8% = 3.2%

3% - 2.8% = 0.2%

2% - 2.8% = -0.8%

4% - 2.8% = 1.2%

average real return = 0.95% arithmetic mean

average real return = 0.93% geometric mean

4 0
3 years ago
Carrie's Car Care receives more than 25% of its total sales revenues from operations outside of the United States. Carrie's woul
Anvisha [2.4K]

Answer:

The answer is: E) None of these.

Explanation:

A foreign national is a person who wasn´t born in the country in which he or she temporarily lives in.

We don´t have enough information to know if Carrie´s Car Care is a wealthy company. Maybe its total sales are just $10,000 a year but they export $2,500.

A multinational corporation usually has branches or subsidiaries. All we know about Carrie´s Car Care is that it makes some money outside the US, but we don´t know how. Maybe they simply export 25% of their products or maybe they are a huge multinational corporation. Not enough information.

The term globalization corporation doesn´t exist. The term corporate globalization refers to very large multinationals that reach all or most of the world´s markets.

6 0
3 years ago
The company XOXO is specialized in producing treadmills. The company allocates manufacturing overhead based on direct labor hour
Sphinxa [80]

Answer:

XOXO

1. Predetermined Manufacturing Overhead (MOH) rate = estimated overhead divided by total direct labor = $4,600/460  = $10 per direct labor

2. Analysis of cost per set for Job 12:

Raw materials:

Electronic parts: 40 units at $20 per unit  = $800

Plastic: 10 kilograms at $10 per kilogram        100

Labor hours: 60 hours at $25 per hour      1,500

Manufacturing overhead applied $10 per    600

 labor hour

Total Cost                                                 $3,000

Divided by 30 sets = $100 per set

Explanation:

The manufacturing overhead rate is the rate at which overhead will be charged to the jobs completed as part of the cost of production.  As an estimate, it can be overapplied or underapplied.

6 0
3 years ago
A pen that costs five cents to make may cost a consumer $2 to buy. according to critics, this is an example of ________.
inna [77]
I'm not sure I believe its mark up or supply and demand
3 0
3 years ago
Read 2 more answers
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