When Enron first proposed its off-the-book entities, David Duncan clearly had concerns. Discuss what he did about those concerns
Students should discuss Duncan's e-mail to Andersen standards partner in Chicago that raised questions as well as his discussions with his pastor. Duncan also tried to share the level of risk and Enron's exposure with the board – his chart on risk showed that. The students should make clear that Duncan was aware that there was an ethical issue here and that he looked for help, or perhaps reassurance, but could not bring himself to make the correct choice.
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When individuals set their own goals, they have less amount of well-being, commitment, and organizational commitment, resulting in decreased performance and productivity.
Answer the following statement true (T) or false (F)
For a multiple regression model, the total variation in y can be expressed as:
a. SSE - SSR. c. SSR + SSE. b. SSR - SSE. d. SSR / SSE.
Which of the following items is not reported in the operating section of the statement of cash flows using the direct method?
A. Cash paid for income taxes. B. Cash paid to suppliers. C. Depreciation expense. D. Cash received from customers.
A company is considering the purchase of a new machine for $48,000. Management predicts that the machine can produce sales of $16,000 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $12,000 per year including depreciation of $3,000 per year. Income tax expense is $1,600 per year based on a tax rate of 40%. What is the payback period for the new machine?
A. 8.9 years. B. 6.0 years. C. 20.0 years. D. 12.0 years. E. 7.5 years.