Answer:
2. Knowingly classifying a material non-current receivable as a current
Explanation:
Fraud is said to occur when a person deliberately or intentionally uses misleading, improper, false information or data in a financial or legal document with the so aim and attempt to unlawfully deprive another person or entity of money, property, or legal rights for their own selfish interests and benefits.
Answer: passed the Foreign Corrupt Practices Act
Explanation:
In the 1970s, the United States passed the Foreign Corrupt Practices Act which requires all publicly traded companies, whether or not they are involved in international trade, to keep detailed records that would reveal whether a violation of the act has occurred.
The Foreign Corrupt Practices Act of 1977 is a federal law in the United States that prohibits the citizens of the United States and its entities from bribing foreign government officials in order to derive an unfair advantage their business interests.
Answer:
The WACC is 12.24%
Explanation:
The WACC or weighted average cost of capital is the cost of a firm's capital structure. The capital structure can be comprised of three components which are debt, preferred stock and common stock.
The formula for WACC is,
WACC = wD * rD * (1-tax rate) + wP * rP + wE * rE
Where,
- w represents the weight of each component in the capital structure
- r represents the cost of each component
- We take the after tax cost of debt. Thus we multiply the cost of debt by (1 - tax rate)
WACC = 0.3 * 0.10 * (1 - 0.4) + 0.03 * 0.13 + 0.67 * 0.15
WACC =0.1224 or 12.24%
The Great Depression, the recession, I don't know the other one.