Answer:
Dennis Kozlowski was found guilty of grand larceny, falsifying business records, securities fraud, and conspiracy. He later admitted to have been driven by excessive greed as he overcompensated himself when he served as CEO of Tyco.
Explanation:
Dennis Kozlowski during his crime trial was found to have received "$81 million in unauthorized bonuses, the purchase of art for $14.725 million, and the payment by Tyco of a $20 million investment banking fee to Frank Walsh, a former Tyco director," according to wikipedia.com.
The Incubation because it drop to a low level so it’s E
The average variable cost will drop.
Answer:
7.16 times
Explanation:
Average accounts receivable:
= (Beginning accounts receivable + Ending accounts receivable) ÷ 2
= ($3.2 billion + $3.25 billion) ÷ 2
= $3.225 billion
Accounts Receivable turnover ratio:
= Net annual credit sale ÷ Average accounts receivable
= $23.1 billion ÷ $3.225 billion
= 7.16 times
Therefore, the Accounts receivable turnover ratio is 7.16 times.