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ololo11 [35]
3 years ago
13

Are the actions undertaken by the companies or individuals in the following scenarios legal or illegal pursuant to U.S. law? Ple

ase explain each of your answers.
a. A wire transfer of $200,000 to the Minister of Contracting of Gambia made by Bordeaux Builders, Inc., a French corporation, and originating from its corporate headquarters in New York in order to secure a construction contract.
b. A birthday card and bottle of California wine sent annually by Woody Pulp, the chief executive officer of Pacific Paper Products, Inc., a U.S. corporation, to his long-standing friend who is the Director of Government Procurement for the Japanese government.
c. A cash payment of $100 made by an agent of Chicago Chemicals Company, a U.S. corporation, to a processing clerk in the Chilean Office of Business Licensing in order to expedite consideration of CCC's application for authority to conduct business operations in Chile.
Business
1 answer:
Harman [31]3 years ago
6 0

Answer:

a. A wire transfer of $200,000 to the Minister of Contracting of Gambia made by Bordeaux Builders, Inc., a French corporation, and originating from its corporate headquarters in New York in order to secure a construction contract.

  • ILLEGAL: the Foreign Corrupt Practices Act prohibits bribing officials of foreign countries in exchange for monetary benefits for a US company.  

b. A birthday card and bottle of California wine sent annually by Woody Pulp, the chief executive officer of Pacific Paper Products, Inc., a U.S. corporation, to his long-standing friend who is the Director of Government Procurement for the Japanese government.

  • NOT ILLEGAL: this is just a gift and its value is not significant and will not result in a financial advantage for the company.

c. A cash payment of $100 made by an agent of Chicago Chemicals Company, a U.S. corporation, to a processing clerk in the Chilean Office of Business Licensing in order to expedite consideration of CCC's application for authority to conduct business operations in Chile.

  • NOT ILLEGAL: this is considered grease money paid and the person that received it is not someone with power.
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g An equity issue sold to the firm's existing stockholders is called a Group of answer choices private placement Rights offer ge
SVEN [57.7K]

Answer:

rights offer.

Explanation:

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rights offer in equity can be regarded as invitation given to shareholders that are still existing in the firm so that they can purchase new shares, which is additional shares in the firm at a specific price which is usually at a particular time usually like 16 to 30 days. It should be noted that An equity issue sold to the firm's existing stockholders is called a rights offer

3 0
3 years ago
PLEASE HELP ME :(
Olenka [21]

Which career requires less education than an Auditor?

A) Accountant

B) Bookkeeper

C) Credit Analyst

D) Financial Manager

6 0
3 years ago
__________ are a type of limited-function wholesaler that owns products they sell, but do not actually handle, stock, or deliver
bagirrra123 [75]

Answer:

Option C (Drop-shippers) is the correct choice.

Explanation:

  • Drop shipping would be a technique of retail fulfillment where a store does not maintain the items in stock that it advertises or sell. Instead, whenever a store offering its products that used the drop shipping framework, it buys goods from either a third party and it may have delivered the product straightforwardly.
  • The products are owned by Drop shippers but they have never handled or executed them.

Some other alternatives given weren’t linked to the scenario in question. So, the alternative above is the right one.

6 0
3 years ago
Pete qualifies for a home office deduction. The amount of space devoted to business use is 300 square feet of the total 1,200 sq
mote1985 [20]

Answer:

Rent is $2400

utilities other than cellphone is $625

Total home office expenses is $3025

Explanation:

firstly we need to calculate the percentage of how much in total does the office take in the apartment so we will say (300 square feet/1200 square feet) x 100

which is 25% so then to get the rental expense of the office we will say :

25%x$9600 = $2400 we say 25% which is office space in the apartment multiplied by the total apartment rental to get the office rent expense.

Then for the utilities we will say 25%x$2500 = $625 we multiply like this because the office uses 25% of all the apartment utilities .

thereafter the total home office expenses is the sum  of both the rental office expense plus the the utilities other than telephone for the home office expense:

$625 + $2400 = $3025 then we get total home office expenses.

8 0
3 years ago
A notice is published stating that RMO 5% convertible preferred stock will be called at $60 per share. The preferred is converti
dybincka [34]

Answer: d. A price near $60

Explanation:

The Preferred Stock was selling at $56 then a notice was circulated that RMO would be calling the stock at a price of $60.

This $60 is more than the current $56 and so this will need to reflect in the price of the stock. The adjustment will cause the Preferred stock to start trading near $60 as traders will seek to take advantage of the impending call by buying at a lower price and thus making a bit of profit when the stock is called at $60. The market will adjust to this because the Preferred stock will be perceived as undervalued. A price closer to the Call price will therefore become the new price to properly value the stock.

6 0
3 years ago
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