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EleoNora [17]
3 years ago
9

An accountant is starting a new job and wants to make sure he does not put himself or his company at legal risk. He talks to his

companyâs law department about which areas of law he should brush up on. The company lawyer tells him relevant areas of the law he should be aware of include:
a. White collar crime, liability of accountants, contracts
b. Product liability, comparative law, agency law
c. Antitrust law, liability of accountants, insurance law
d. Liability of accountants, international law, employment discrimination
e. Antitrust law, international law, consumer law
Business
1 answer:
antoniya [11.8K]3 years ago
8 0

Answer: White collar crime, liability of accountants, contracts

Explanation:

Based on the information given, the company lawyer will tell him relevant areas of the law he should be aware of such as white collar crime, liability of accountants, and contracts.

White-collar crime simply refers to crime that a person may commit against a business and they are financially motivated e.g embezzlement, fraud, money laundering etc.

Also, when a misstatement occurs when preparing an account, the accountant is liable and in such case,will be held responsible for any inaccuracies that was noticed.

Based on the above explanation, the accountant should be aware of white collar crime, liability of accountants, contracts.

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Which of the following are examples of career clusters? Select all that apply. PLEASE HURRY​
faltersainse [42]

Answer:

E, C, B

Explanation:

Those seem like they'd be Carrer clusters

4 0
3 years ago
The exchange rate for the yuan is quoted at 6.58 to the us$ if this changes to 6.25 yuan, what would be the change in price
Oliga [24]
In order to obtain the change in price, the local price of the yuan must be known. Next is to take the difference of the reciprocal of the two prices, then multiply it to the local price. The solution is: change in price = 275 (1/ 6.58 - 1/6.25) therefore, the change in price is equal to $2.21
4 0
3 years ago
The management of Salem Corporation is considering the purchase of equipment costing $109,000, which has an estimated life of 3
Andrej [43]

Answer:

Net present value of the equipment =  $2,915

Explanation:

Given:

Equipment cost = $109,000

Estimated life = 3 years

Annual cash flow = $45,000

Discounted rate = 10% (3 year discount factor = 2.487)

Find:

Net present value of the equipment = ?

Computation:

Net present value of the equipment = Present value of Annual cash flow - Equipment cost

Net present value of the equipment =  [Annual cash flow × discount factor] - Equipment cost

Net present value of the equipment =  [$45,000 × 2.487] - $109,000

Net present value of the equipment =  $111,915 - $109,000

Net present value of the equipment =  $2,915

8 0
3 years ago
This chapter discusses many types of costs: explicit costs, implicit costs, total cost, average fixed cost, average variable cos
In-s [12.5K]

Explanation:

To find - Fill in the type of cost that best completes each sentence.

Profits equal total revenue minus ______________ .

The term __________ refers to costs that involve direct monetary payment by the firm.

_____________ is falling when marginal cost is below it and rising when marginal cost is above it.

The cost of producing an extra unit of output is the _____________ .

__________ is always falling as the quantity of output increases.

The opportunity cost of running a business that does not involve cash outflow is a(an) ____________ .

Proof -

Profits equal total revenue minus TOTAL COST

.

The term EXPLICIT refers to costs that involve direct monetary payment by the firm.

AVERAGE VARIABLE COST is falling when marginal cost is below it and rising when marginal cost is above it.

The cost of producing an extra unit of output is the MARGINAL COST.

AVERAGE FIXED COST is always falling as the quantity of output increases.

The opportunity cost of running a business that does not involve cash outflow is a(an) IMPLICIT COST.

5 0
3 years ago
A company will pay a $2 per share dividend in 1 year. The dividend in 2 years will be $4 per share, and it is expected that divi
Savatey [412]

Answer:

(a) $ 46.43

(b) $ 50.00

Explanation:

In 1 year the dividend is:

D1 = $2

In 2 years, the dividend is:

D2 = $4

(a)

Now,

⇒  D3=D2\times (1+g)

          =4\times (1+4 \ percent)

          =4.16 ($)

In 2 years, the price will be:

⇒  P2=\frac{D3}{(r-g)}

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          =52.00 ($)

Today's price will be:

⇒  P0=\frac{D1}{(r-g)}+\frac{D2+P2}{(1+r)^2}

          =\frac{2}{1.12}+\frac{(4+52) }{1.12^2}

          =46.43 ($)

(b)

In 1 year, the price will be:

⇒  P1=\frac{(D2+P2)}{(1+r)}

          =\frac{4+52}{1.12}

          =50.00 ($)

5 0
3 years ago
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