answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
belka [17]
2 years ago
4

Elevators, Inc. does considerable business overseas for high-rise luxury hotels. To speed up the building permit process, it aut

horized a project manager to pay a government official a "fee" in the amount of $500. It is common practice in the foreign country for government officials to accept a "fee" to expedite processes. In doing so, has Elevators, Inc. broken United States law? Select one: Group of answer choices Yes, Elevators, Inc. has broken the law because it has paid a bribe to a foreign government official. No, Elevators, Inc. has not broken the law because payment was made in United States currency. Yes, Elevators, Inc. has broken the law because the amount paid to the government official was $500. No, Elevators, Inc. has not broken the law because "grease" payments are permitted under United States law.
Business
1 answer:
liberstina [14]2 years ago
3 0

Answer:

No, Elevators, Inc. has not broken the law because "grease" payments are permitted under United States law.

Explanation:

Under the law, it is illegal to bribe foreign officials to obtain business. But there is an exception for “facilitation payments,” also known as grease payments made to speed up routine government actions.

You might be interested in
Presented below are two independent situations: A) Sandhill Inc. acquired 10% of the 420,000 shares of common stock of Schuberge
Vilka [71]

Answer:

The journal entries for both corporations is prepared below

A)

Date: June 17

Accounts title and Explanations: Stock investment, dr. (420,000*$15*10%) 630,000

Accounts title and Explanations: Cash, Cr. 630,000

____________________________

Date: Sept 3.

Accounts title and Explanations: Cash, dr. (120,000*10%) 12,000

Accounts title and Explanations: Dividend revenue, Cr. 12,000

______________________________

Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (520,000*10%) 52,000

Accounts title and Explanations: Investment revenue, Cr. 52,000

____________________________

B)

Date: Jan 1

Accounts title and Explanations: Stock investment, dr. (120,000*$18*30%) 648,000

Accounts title and Explanations: Cash, Cr. 648,000

____________________________

Date: May 15

Accounts title and Explanations: Cash, dr. (120,000*30%) 36,000

Accounts title and Explanations: Dividend revenue, Cr. 36,000

______________________________

Date: Dec 31.

Accounts title and Explanations: Stock investments, dr. (220,000*30%) 66,000

Accounts title and Explanations: Investment revenue, Cr. 66,000

____________________________

7 0
2 years ago
Most companies with well-developed project management systems insist that a project must pass an approval of some kind to move f
Romashka [77]

Answer:

it is A. True

8 0
2 years ago
Sunlight Design Corporation sells glass vases at a wholesale price of $4.50 per unit. The variable cost to manufacture is $1.75
soldi70 [24.7K]

Answer:

5,182 Units

Explanation:

The computation of additional units is given below:-

Operating income = Contribution Margin Per unit × Units - Fixed cost

= ($4.50 - $1.75) × 29,000 - 8,500

= $71,250

Operating income is increased by 20%

Operating income = $71,250 × 1.20

= $85,500

So, per units

$85,500 = ($4.50 - $1.75) × Units - 8,500

= $94,000 ÷ 2.75

= 34,181.82

Additional Units

= 34,181.82 - 29,000

= 5,182 Units

8 0
2 years ago
Christine is an unemployed stenographer who cannot find work in Florida. There are several companies hiring stenographers in New
DiKsa [7]

Answer:

Option (b) is correct.

Explanation:

Cyclical unemployment refers to the unemployment that occured because of the fall in the demand for goods and services in an economy. It is largely affected by the fluctuations in economic growth of a country. When the overall demand for goods and services are not matched with the full employment in an economy. This unemployment is mostly occured when the economy of a country is contracting.

8 0
2 years ago
Part U16 is used by Mcvean Corporation to make one of its products. A total of 15,500 units of this part are produced and used e
Black_prince [1.1K]

Answer:

Calculation of Avoidable Cost:

Direct Materials                                     $3.40

Direct Labor                                           8.00

Variable manufacturing overhead          8.50

Supervisor's salary                                  3.90

Total Avoidable Cost                              $23.8

Note: Depreciation is a sunk cost and not relevant for decision making.

General Fixed Overhead will remain the same irrespective of decision. Hence, not relevant for decision making.

Evaluation of offer:

Loss on Sale from outside supplier (26.70-23.8)*15,500          $(44,950)

Additional Segment Margin earned                                          $27,500

Financial Advantage/(Disadvantage)                                          $(17,450)

Hence, annual financial disadvantage for the company as a result of buying part U16 from the outside supplier = $17,450

6 0
2 years ago
Other questions:
  • People keep in contact using social media sites, including Facebook, Google Plus, and YouTube. Increasingly, these sites are use
    7·2 answers
  • How did Ben Casnocha decide on a price for his product?
    7·2 answers
  • On January 1, 20X1, Picture Company acquired 70 percent ownership of Seven Corporation at underlying book value. The fair value
    6·1 answer
  • Asa works as an order-taker at Simply Salads, a fast-food restaurant. He does not cook food, or even package the final order, bu
    11·2 answers
  • Financial accounting is the process of identifying, measuring, analyzing, and communicating financial information needed by mana
    5·1 answer
  • _______ These arrays inherently divide and replicate data among multiple physical drives, and increase performance and redundanc
    12·1 answer
  • Butler, Inc. paid $75,000 to retire a note with a face value of $83,000. The note was issued with an 8% coupon rate paid semiann
    10·1 answer
  • Horton Company uses a normal costing system. Factory overhead is allocated on the basis of labor hours. At the beginning of the
    10·1 answer
  • Department 1 completed and transferred out 450 units and had ending work in process inventory of 60 units. The ending inventory
    6·1 answer
  • McLin, Inc., is a calendar year S corporation. Its AAA balance is zero. Determine the tax aspects of the following transactions.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!