Agents and employees of Deco Arts Corporation and Echo Imitations Inc are convicted of conspiring to violate a federal law that is punishable by a term of imprisonment and a fine. Can the corporations be held liable for these crimes? If so, how can they be punished?
Yes, the corporations can be held liable for the crimes of their agents and employees. As for punishment, the corporations cannot be imprisoned, but they can be fined. Under certain circumstances, corporate directors and officers may also be imprisoned for the criminal acts of agents and employees under their direct supervision. And any culpable party can be fined as much as hundreds of millions of dollars.
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Companies sometimes make a strategic decision not to patent a particular invention or process. Why might a company sometimes choose not to seek a patent?
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Burgess Corporation is considering purchasing equipment that costs $235,000. The equipment has an estimated useful life of 5 years and no salvage value. Burgess believes that the annual cash inflows from using the equipment will be $65,000. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Required:1) Calculate the net present value of the equipment assuming that Burgess's cost of capital is 12%. Is the equipment an acceptable investment? 2) Calculate the net present value of the equipment assuming that Burgess's cost of capital is 10%. Is the equipment an acceptable investment? 3) Based on your results to parts 1) and 2), estimate the internal rate of return for the investment in the equipment.
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What are the two general approaches used for account analysis?
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One possible explanation for direct labor rate and efficiency variances is the use of workers with different skill levels.
Answer the following statement true (T) or false (F)