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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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Answer:

The amount of current assets are $252,000

Explanation:

Current assets: The current assets are those assets who are converted into cash within one year. Like - accounts receivable, cash, inventory, prepaid insurance, etc.

The total amount of the current assets are shown below:

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