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Vesnalui [34]
2 years ago
13

Fred is on trial for robbing Sam's Electronics. The prosecution alleges that Fred broke into the warehouse behind the store and

stole over $10,000 worth of TV's and stereos. To prove the number and value of the items that were stolen, the prosecution calls Gloria, who works as a stock clerk in the warehouse. She testifies that when she came to work the day after the robbery, she noticed that large amounts of inventory were missing. Gloria spent the entire day cataloguing the missing items, and at the end of the day put together a list which included twelve plasma televisions, thirty-two stereo systems, and eighteen digital video recorders. She gave the list to her manager. At trial, Gloria testifies that (1) she is unable to remember exactly what was stolen from the store, and (2) seeing the list would help to refresh her recollection. The prosecutor can: a. Show her the list and then take it away and have her testify from her 'refreshed recollection.' b. Have her read the list to the jury. c. Admit the list into evidence. d. (A) and (B), but not (C).
Business
1 answer:
harkovskaia [24]2 years ago
5 0

Answer:

a. Show her the list and then take it away and have her testify from her 'refreshed recollection.'

Explanation:

In the given scenario Gloria testifies that when she came to work the day after the robbery, she noticed that large amounts of inventory were missing. She spent the entire day cataloguing the missing items.

In the trial she said she can remember what was stolen.

Under rule 612 the prosecutor is allowed to.show her the list and them take it away. Gloria can now testify from her refreshed memory.

On the other hand if she said she could recall the items the prosecutor would have under the hearsay exception (rule 803 (5)) requested she state the missing items.

But in this case she said she cannot recall the items

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WACC and Optimal Capital Structure F. Pierce Products Inc. is considering changing its capital structure. F. Pierce currently ha
den301095 [7]

Answer:

The firm's optimal capital structure is 80% Debt and 20% Equity.

The WACC at this optimal capital structure is 10.28%.

Explanation:

Note: See the attached excel file the computation of the weighted average cost of capital (WACC) at the optimal capital structure. Also note that the data in the question are merged together but they are sorted in the attached excel file before answering the question.

The optimal capital structure of a firm can be described as a combination of debt and equity financing that is the beat in which market value of the firm is maximized while its cost of capital is minimized.

Using the weighted average cost of capital (WACC), the optimal capital cost capital structure occurs at a point where the WACC is the lowest.

From the attached excel file, the lowest WACC is 0.1028, or 10.28%.  At this firm Market Debt- to-Value Ratio (wd) which is debt is 0.80 (i.e. 80%), and Market Equity-to-Value Ratio (ws) which is equity is 0.20 (i.e. 20%).

Therefore, the firm's optimal capital structure is 80% Debt and 20% Equity.

The WACC at this optimal capital structure is 10.28%.

Download xlsx
5 0
2 years ago
In the early 2000’s, there were a series of well publicized events that effected the credibility of the accounting profession.Th
kolezko [41]

Answer:

The correct answer is Public Company Accounting Oversight Board.

Explanation:

The Sarbanes Oxley Law was enacted in the United States with the purpose of monitoring companies that are listed on the stock exchange, preventing the valuation of their shares from being altered doubtfully, while their value is lower. Its purpose is to avoid fraud and bankruptcy risk, protecting the investor.

This law, beyond the local level, also involves all companies listed on the NYSE (New York Stock Exchange), as well as its subsidiaries.

This law arose in response to the financial scandals of large corporations, such as: Enron, Tyco International, WorldCom and Peregrine Systems, as these diminished the public's confidence in the accounting systems and, above all, in the audit.

4 0
3 years ago
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Answer:

True

Explanation:

Banks use a type of check used to pay bills or make payments for which the money is guaranteed

4 0
3 years ago
Compute the current ratio and acid-test ratio for each of the separate cases. Camaro GTO TorinoCash $ 2,000 $110 $1,000Short-ter
aniked [119]

Answer:

The Current and Acid Test ratios help show whether a company will be able to pay of its current obligations with its current assets.

<h2>Current Ratio:</h2>

Camero :                                                                        GTO

= Current Assets / Current liabilities                          = 3,500 / 1,000

= 5,200 / 2,000                                                           = 3.50

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Torino

= Current assets / Current liabilities

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<h2>Acid-Test ratio </h2>

Camero

= (Current Assets - Inventory - Prepaid expenses) / Current liabilities

= (5,200 - 2,600 - 200) / 2,000

= 1.20

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= (3,500 - 2,420 - 500) / 1,000

= 0.58

Torino

= (7,410 - 4,230 - 900) / 3,800

= 0.60

4 0
2 years ago
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Answer: Annual Report

Explanation:

Completing the question with right answer:

An annual report is a yearly published statement of the financial condition, progress and expectations of an organization.

The financial report is normally targeted at the stakeholders and other individuals who have interest in the organization.

4 0
3 years ago
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