1. Did any Enron employees act Unethical in any manner? If so, give specific
examples.

Answers

Answer 1

Enron faced an ethical accounting scandal in 2001 after using “mark-to-market” accounting to fake their profits and misused special purpose entities, or SPEs. Enron worked to make their losses seem less than they actually were, and “cooked the books” to make their income look much higher than it was.


Related Questions

what is the biggest tower in the world.

Answers

Answer:

The Burj Khalifa, located in Dubai, has held its number 1 ranking, as the tallest building in the world, since 2010. It still is, as far as I know, the tallest building in the world, as of today, and sits approximately 2,717 ft tall.

Explanation:

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Kiwi Airlines has fixed operating costs of $5.8 million, and its variable costs amount to 20 percent of sales revenue. The firm has $2 million in bonds outstanding with a coupon interest rate of 8 percent. Revenues for the firm are $8 million and the firm is in the 40 percent corporate income tax bracket. What is the firm's degree of financial leverage

Answers

Kiwi Airlines' degree of financial leverage is 1.36.

Data and Calculations:

Fixed operating costs = $5.8 million

Revenue = $8 million

Variable costs = 20% of sales = $1.6 million ($8 x 20%)

Earnings before interest and taxes = $600,000 ($8 - $5.8 - $1.6 million)

Bonds outstanding = $2 million

Coupon interest rate = 8%

Interest expense = $160,000 ($2,000,000 x 8%)

Earnings before taxes = $440,000 ($600,000 - $160,000)

Corporate income tax = 40%

Income Tax Expense = $176,000 ($440,000 x 40%)

Net Income = $264,000 ($440,000 - $176,000)

Degree of financial leverage = earnings before interest and taxes/earnings before taxes

= $600,000/$440,000

= 1.36

Thus, Kiwi Airlines' degree of financial leverage is 1.36.

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Grady, Inc. manufactures model airplane kits and projects production at 650, 500, 450, and 600 kits for the next four quarters. Direct materials are 4 ounces of plastic per kit and the plastic costs $1 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 850 ounces, and the company desires to end each quarter with 10% of the materials needed for the next quarter’s production. Grady desires a balance of 200 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.10 hours of direct labor at an average cost of $10 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.20 per kit, and fixed overhead is $165 per quarter. Prepare Grady’s direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and pre-determined overhead allocation rate to two decimal places.
Refer to the budgets prepared. Determine the cost per kit to manufacture the model airplane kits. Grady projects sales of 100, 150, 100, and 200 kits for the next four quarters. Prepare a cost of goods sold budget for the year. Grady has no kits in beginning inventory.

Answers

Grady, Inc.'s Direct Materials Budget, Direct Labor Budget, and Manufacturing Overhead Budget for the year are as follows:

Direct Materials Budget

                                            Quarter 1   Quarter 2  Quarter 3  Quarter 4   Total

Projected production                650          500            450          600      2,200

Ounces of plastic per kit              4               4                 4               4              4

Total materials required         2,600     2,000          1,800        2,400     8,800

Ending materials inventory        200         180             240           200

Raw materials available          2,800      2,180         2,040        2,600

Beginning materials inventory  850        200              180           240

Purchases of raw materials     1,950      1,980          1,860        2,360

Cost of materials purchased $1,950  $1,980     $1,860      $2,360  $8,150

Direct Labor Budget

                                            Quarter 1   Quarter 2  Quarter 3  Quarter 4   Total

Projected production                650          500            450          600      2,200

Hours per kit                              0.10          0.10            0.10          0.10         0.10

Total direct labor hours reqd.    65             50              45             60         220

Average cost per hour              $10            $10            $10            $10          $10

Total direct labor cost           $650         $500        $450        $600   $2,200

Manufacturing Overhead Budget:

Variable overhead                 $130         $100            $90         $120      $440

Fixed overhead                     $165         $165           $165         $165      $660

Total manufacturing o/h      $295        $265          $255        $285     $1,100

Manufacturing overhead/unit $0.45     $0.53       $0.57     $0.475     $0.50

Cost per Kit:

Direct materials cost per unit =  $4.00

Direct labor cost per unit            $1.00

Manufacturing overhead           $0.50

Cost per kit =                              $5.50

Cost of goods sold budget for the year:

                                 Quarter 1   Quarter 2  Quarter 3  Quarter 4   Total

Quarter Sales                100            150           100            200         550

Cost per unit             $5.50

Cost of goods sold   $550       $825         $550        $1,100       $3,025

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An organization's mission differs from strategic planning in that strategic planning is the basic purpose of the organization
while the mission involves establishing the goals and objectites of the organization.
(A True
B) False

Answers

Answer : true



Explanation:

A firm buys on terms of 2/8, net 45 days, it does not take discounts, and it actually pays after 63 days. What is the effective annual percentage cost of its non-free trade credit? (Use a 365-day year.)

Answers

The effective annual percentage cost of its non-free trade credit is 13.08%/

Here, we are to calculate the effective annual percentage cost.

Given Information

Discount % = 2%

Discount Days = 8

Net Days = 45

Actual days = 68

Nominal % cost = Disc. %/(100 – Disc. %) × (365/(Actual days – Disc. days)

Nominal % cost = 2 /(100 - 2) * 365/(68   -8)

Nominal % cost = 2 /98 * 365/60

Nominal % cost = 0.0204081 * 6.083333

Nominal % cost = 0.1241496

Nominal % cost = 12.41%

n = 365/(63 - 8) = 6.64

Effective annual rate = (1 + Nominal % rate/n)^ n – 1

Effective annual rate = (1 + 0.1241/6.64)^6.64 - 1

Effective annual rate = 1.13083302405 - 1

Effective annual rate = 0.13083302405

Effective annual rate = 13.08%

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sample of event proposal​

Answers

Tanong nyo po Kay Jollibee

which of the following sentence ls use active voice

Answers

Answer:

Where is the picture

Explanation:

How do you redeem a winning ticket lottery?
A) scan on pos
B) validate on terminal
C) picklist on POS
D): redemption barcode entered in the pis if no touch screen

Answers

Answer:

4 Steps to Claim PCSO Lotto Prize

Go to the PCSO Main Office. Present two valid IDs (preferably signature-bearing government-issued IDs) and the winning ticket to the Prize Claim section of the Accounting and Budget Department. Fill out the required forms. Wait for the ticket to be validated.

Explanation:

No choices here

During 2021, Stork Associates paid $55,800 for a 20-seat skybox at Veterans Stadium for eight professional football games. Regular seats to these games range from $55 to $165 each. At one game, an employee of Stork entertained 18 clients. Stork furnished food and beverages for the event (provided by a local restaurant) at a cost of $3,400. The game was preceded by a bona fide business discussion, and all expenses are adequately substantiated. How much may Stork deduct for this event

Answers

Based on the information given if all the expenses are adequately substantiated. The amount that Stork can deduct for this event is $3,350.

Stock deduction

Costs of seats $3,300

($165x20)

Food and beverage $3,400

Total Entertainment expense $6,700

($3,300+$3,400)

Less 50% Limitation

Deduction $3,350

($6,700×.50)

Inconclusion the amount that Stork can deduct for this event is $3,350.

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While some brokers still operate exclusively in person or online, the distinction between the three types has become increasingly

Answers

The practice of brokers transacting business online have been more increasing in recent time.

Brokers refers to individual or a firm acts as intermediaries between the buyer and seller for commission in return when executed.

Typically, the brokers provides various intermediary services in different field. For example, acting as intermediaries for investment, obtaining loan, purchasing real estate, purchasing insurance policy etc

While some brokers provides their services in contact with clients, some brokers provide their services online.

In conclusion, the practice of brokers transacting business online have been more increasing in recent time.

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what are the conflict management styles and dispute resolution mechanism

Answers

Answer:

Five styles for conflict management, as identified by Thomas and Kilmann, are: competing, compromising, collaborating, avoiding, and accommodating. Businesses can benefit from appropriate types and levels of conflict. That is the aim of conflict management, and not the aim of conflict resolution

1. Compute component percentages for Year 2. (Enter your answers as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)

Answers

The percentage for the cost of sales is 65.21% in 2015. The percentage for the cost of sales is 65.41% in 2014.

It should be noted that the percentage for the cost of sales in 2015 was calculated as:

= Cost of sales / Net sales

= 36665/56223 = 65.21%

The percentage for the cost of sales in 2014 was calculated as:

= Cost of sales / Net sales

= 34941/53417 = 65.41%

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The Americans with Disabilities Act of 1990 (40 points and brainliest pls help but you have to be correct)
a
gives preference to applicants with disabilities over other applicants

b
offers employees with disabilities more rights in the workplace

c
prevents employment discrimination of applicants with disabilities

d
provides additional pay to employees with qualified disabilities

Answers

the answer is letter c

what is the main goal of people who work in the career feild of human services

Answers

People who work in human services help people overcome obstacles and access services such as counseling, therapy and rehabilitation. They work to improve the lives of those in need who are most in need of these services.

A thief stole Art's checkbook and forged Art's name as drawer of a check. The drawee paid the check in good faith and sent it to Art with the monthly statement on January 3, 2013. The thief forged other checks during February and March of 2013, which the drawee in good faith paid. All paid checks were sent to Art with monthly statements. On May 25, 2014, Art discovered all of the forgeries and notified the drawee. For which check(s) is Art entitled to be reimbursed

Answers

Based on the explanation given in the scenario, since, the drawee repeatedly followed protocol for every transaction performed, then Art's entitlement to reimbursement would be valid for none of the cheques.

The bank would not be held responsible for carelessness of the drawer and his failure to report vulnerabilities to his/her account.

Since the thief was able to successfully forge Art's signature, then it is imperative that the drawer is paid.

Transaction notification and statement were sent after each transaction and still Art made no report or compliant, hence, the bank would not be liable for any of his losses.

Hence, None of the withdrawals will be reimbursed.

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Ahoy do you need your rate of return to be greater than inflation

Answers

Why is it important for investments to provide a greater return than the rate of inflation?
When inflation levels are stable and moderate, investors have lower expectations of high
market returns. Conversely, expectations rise when inflation is high. When inflation rises,
DO PRICES IN THE ECONOMY, leading investors to require a higher rate of return to maintain
their purchasing power.


Karson is a manager in a bottle manufacturing company. He wants to check whether 100 bottles were produced and dispatched to the market. Which department should
he consult?

Answers

Answer:

Answer is Operations Department.

Explanation:

The not payable relating to the June 2, and 10 transactions is a five-year note, with interest at the rate of 12 percent annually...

Answers

Du was going on and it was so funny I was just saying that I didn’t
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