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gladu [14]
2 years ago
9

Rupert and cordelia own an american company that does business in foreign nations. getting a license in a new country can be cha

llenging. as they try to enter into business in a new country, rupert fills out the license paperwork and takes it to the correct office. there he pays the front-desk person $100 to process the paperwork, as is the custom in that country. cordelia, who has connections in that country, schedules an appointment with the minister of commerce, who has the authority to determine which foreign companies get licenses, and pays him $200 to approve their license. which payment(s) likely violated the foreign corrupt practices act?
Business
2 answers:
Lyrx [107]2 years ago
6 0

Answer:

The payment made by Cordelia

Explanation:

In the scenario it stated clearly that Rupert filled out what would have been a normal application form for operational license in the country

However Cordelia using connections was able to schedule a meeting with the government official that <u>has the authority to determine which foreign companies get licenses, and pays him $200 to approve their license.</u>

Cordelia payment is nothing short of bribery and corruption because it is not a legally required payment and the motive was clearly to unduly influence the minister to approve their license.

Such payment will likely violate the foreign corrupt practices act

Naily [24]2 years ago
3 0

Answer:

The paymeng by Cordelia

Explanation:

The first payment made by Rupert is a normal payment of $100?made by any foreign company to process the paperwork as is the customin that country.

The second payment paid by Cordelia comes as a result of the connections Cordelia has in that country with the minister of commerce, who has the authority to determine which foreign companies get heir license. This payment of $200 violares the foreign corrupt practices act, the reason being is that it is bribery and corruption, it is not a legal payment and by right should not be tolerated.

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A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Beginning Balances B
iVinArrow [24]

Answer:

$56,000

Explanation:

Given the above information, we will calculate first the total cash flow.

Total cash flow = Opening cash receivable + Sales - Ending cash receivables

= $196,000 + $880,000 - $226,000

= $850,000

Ending cash balance = Opening cash balance + Total cash flow - Cash disbursement

= $146,000 + $850,000 - $940,000

= $56,000

6 0
2 years ago
Records at Hal’s Accounting Services show the following costs for year 1. Direct materials and supplies $ 40,000 Employee costs
ruslelena [56]

Answer:

See answers below

Explanation:

a. Direct materials & supplies  $40,000 = $40,000 × 110%

= $44,000 × 20,000/25,000

= $35,200

Employee costs = $2,900,000 × 105%

= $3,045,000 × 20,000/25,000

= $2,346,000

Variable overhead = $600,000 × 100%

= $600,000 × 20,000/25000

= $480,000

Fixed overhead = $700,000 × 105%

= $735,000

b. Total costs per unit year 2 =

$3,596,000 / 20,000

= $179.81

6 0
2 years ago
Joy is a supervisor over Elias. She repeatedly solicits sexual behavior from Elias and does other inappropriate actions that a r
SVEN [57.7K]

Answer: C) guilty of hostile work environment sexual harassment.

Explanation: A hostile work environment is a work environment where one or more persons act in such a way to offend or provoke anger in other persons. The activities of Joy towards Elias is hostile as it is against the will of Elias.

Sexual harassment is a term used to describe any action taken to solicit for sex,sexual behaviour or touch the private parts of others in embarrassing manner. THE ACTIVITIES OF JOY MAKING HER TO SOLICIT SEXUAL BEHAVIOUR FROM ELIAS IS A SEXUAL HARASSMENT AND WHEN PROVEN IN THE COURTS SHE SHALL BE FOUND GUILTY.

3 0
1 year ago
Mr. Decker invested $20,000 in cash in his new business. How does the company record the investment?
Rudiy27

Answer:

The company records the investment by the entry:

(D) debit Cash and credit Owner's Equity

Explanation:

Mr. Decker invested $20,000 in cash in his new business. He is the Owner of the company.

In the case, the company that he invested received cash from Mr. Decker.

The company will record the increasing in cash and increasing in Owner's Equity account by the journal entry:

Debit Cash $20,000

Credit Owner's Equity $20,000

8 0
2 years ago
Suppose you win the lottery and have two options: A. Take $1 million now. B. Take $1.2 million to be paid out as 300,000 now and
laila [671]

Answer:

A. Take $1 million now.

Explanation:

A. If we take $1 million now the present value of the money is $1 million.

B. If we choose to take $1.2 million paid out over 3 years then present value will at 10% will be;

$300,000 + $300,000 / 1.2 + $300,000/ 1.44 + $300,000 / 1.728

$300,000 + $250,000 + $208,000+ $173,611 = $931,944

The present value of option B is less than present value of option A. We should select option A and take $1 million now.

4 0
1 year ago
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