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nika2105 [10]
3 years ago
11

Betty Vinson improperly capitalized line costs at her boss's direction. Which company did she work for

Business
1 answer:
Naddik [55]3 years ago
7 0

Answer: WorldCom

Explanation:

The WorldCom scandal of 2002 was the worst one in U.S. history and led to shareholders losing over $30 billion as a result of share prices falling drastically when it was revealed that the company had been making fraudulent accounting entries to look successful when it fact it had been losing money.

Betty Vinson was the company's Director of Corporate Reporting and her boss, CEO Bernie Ebbers, pressured her into making fraudulent entries because it was said that he "didn't want to disappoint Wall Street". This scandal was one of those that directly led to the Sarbanes-Oxley Act being passed.

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Suppose disposable income increases by $2,000 . As a result, consumption increases by $1,500 . Answer the questions based on thi
zlopas [31]

Answer:

The increase in savings resulting directly from this change in income is $500

The marginal propensity to save (MPS) is 0.25

Explanation:

In order to calculate The increase in savings resulting directly from this change in income we would have to make the following calculation:

increase in savings resulting directly from this change in income= increase in income - increase in consumption

increase in savings resulting directly from this change in income= $2,000 - $1,500

increase in savings resulting directly from this change in income=$500

The Marginal propensity to save = increase in savings/increase in income =

Marginal propensity to save = $500/$2.000

Marginal propensity to save =0.25

8 0
2 years ago
Your high school transcript will include each of these items EXCEPT...
Thepotemich [5.8K]

Answer:

a list of your test and quiz grades in each course

Explanation:

a list of your test and quiz grades in each course

4 0
2 years ago
Read 2 more answers
Midyear on july 31st, the baldwin corporation's balance sheet reported: total assets of $166.859 million total common stock of $
Nata [24]
In the balance sheet, in order to account for the money or amounts that go to an fro in the sheet, we use the equation,
              NW = As - Li
where NW is the networth, As is the asset, and Li is liabilities.

From the given above, the total asset (As) is given to be $166.859M. The net worth is equal to the sum of the common stock, cash, and retained earnings.
             Networth = ($5.080 M) + ($8.040 M) + ($36.411 M)
            Networth = $49.531

The the equation above, we may derive the equation for liability by transposing,
                Li = Asset - Networth
                Li = ($166.859 M) - ($49.531 M)
                Li = $117.328

Hence, the total liability is equal to $117.328. 
4 0
3 years ago
Chase Company has 10 employees, who earn a total of $2,200 in salaries each working day. They are paid on Monday for the five-da
UkoKoshka [18]

The adjusting entry is shown below:

Salaries expense A/c $6,600

          To Salaries payable A/c $6,600

(Being salary is adjusted)

The salaries expense is computed by

= Total salary each day × number of days

= $2,200 × 3 days

= $6,600

The 3 days is computed from Monday to Wednesday

And for correct posting, we debited the salaries expense account and credited the salaries payable account.

<h3>What is Salary Payable and Salary Expense?</h3>

Salaries expense is how much an employee earned in salary. Salaries payable refers only to the amount of salary pay that employers have not yet distributed to employees.

Since Salaries are an expense, the Salary Expense is debited.

Correspondingly, Salaries Payable are a Liability and is credited on the books of the company.

Learn more about Salary Payable and Expenses on:

brainly.com/question/14299088

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7 0
1 year ago
g Wedd Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated
jeka94

Answer:

Total overhead for O6 697,933

Explanation:

First, we solve for the activity rates:

\left[\begin{array}{ccccc}$Activity&$Driver&$cost pool&$Total base&$Rate\\Processing&MHS&51000&16240&3.14\\Supervising&batches&31600&1230&25.69\\\end{array}\right]

Then, we apply this rate to the Product O6 base cost driver  values

\left[\begin{array}{ccccc}Activity&base&Allocate O6\\Processing&15600&48984\\Supervising&810&20,809\\Total&&69,7933\\\end{array}\right]

3 0
3 years ago
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