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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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Maria wants to start a new business in collaboration with her husband and brother-in-law. The features she is looking for in the
andrew-mc [135]

Answer:

B) Limited partnership

Explanation:

Limited partnership is one where the partners involved are liable only to the extent to which they contributed to the partnership.

Also some partners only contribute financially. That means they shielded to the extent of their contribution.

In this type of partnership there is least possible regulatory controls, faster decision making, and ease of organisation because partners actually involved in running the business are few or only one person.

It also has the advantage of being a business in which the active partner will not be forced to pay off any business debts from their personal assets.

8 0
4 years ago
Cash receipts A firm has actual sales of $ 60 comma 000 in April and $ 64 comma 000 in May. It expects sales of $ 75 comma 000 i
nirvana33 [79]

Answer:

Month incurred   Amount     June     July      August

June                     75,000     37500   18,750  18,750

July                       95,000                   47,500  23,750

August                  95,000                                 47,500

                                              37,500   66,250  90,000

The expected cash receipts are:

June = $37,500

July = $66,250

August = $90,000

Explanation:

The pattern of collection of sales is that 50% are collected in the months of sales while 25% each will be collected in the following month and following 2 months. For instance, 50% of June sales are collected in June, 25% are realized in July and 25% are collected in August. 50% of July sales are realized in July and 25% are collected in August.

7 0
4 years ago
A company sells 10,000 shares of previously authorized stock at the par value of $10 per share. What's the correct entry to reco
vaieri [72.5K]

The correct entry to record the transaction concerning the company's sale of 10,000 shares of previously authorized stock is <u>a debit to Cash of $100,000 and a credit to Common Stock $100,000</u>.

<h3>Data Analysis:</h3>

Number of shares sold = 10,000

Par value =$10 per share

Cash $100,000 Common Stock $100,000

Thus, the correct entry to record this stock sale is <u>a debit to Cash of $100,000 and a credit to Common Stock $100,000</u>.

Learn more about recording the issuance of stock here: brainly.com/question/25562729

7 0
3 years ago
________ also known as business etiquette, ethical conduct, social intelligence, or soft skills, refers to a whole range of desi
Novosadov [1.4K]

Answer:

Workplace etiquette

Explanation:

The workplace etiquette is a group of behaviours that are expected from people working in the same place.

They include the proper manner to talk, dress, walk and relate with peers, dependents and superiors.

Let's see some examples of rules of workplace etiquette:

  • Be kind to everyone.
  • Respect different dresscodes.
  • Make eye contact, listen to people when they are speaking, and smile at them.
  • Be punctual.
  • Don't be messy.
  • Etc.
4 0
3 years ago
Which are questions financial managers ask when considering long-term financing? (Select all that apply)
tensa zangetsu [6.8K]

The questions asked by financial managers are:

  • What funds do we need to achieve the firm's long-term goals and objectives?
  • What sources of long-term funding (capital) are available, and which will best fit our needs?
  • What are the organization's long-term goals and objectives?

<h3>Who are financial managers?</h3>

This refers to managers that are responsible for the financial health of an organization.

Also, these specialized manages create financial reports, direct investment activities, develop financial goals etc.

Read more about financial managers

brainly.com/question/27559649

#SPJ1

5 0
2 years ago
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