Filtration Products, Inc., files a suit against Emmett, its former accountant, alleging constructive fraud. Emmett may be held liable
A. if Filtration cannot prove actual fraud.
B. if Emmett was grossly negligent in the performance of his duties.
C. only if Emmett acted with fraudulent intent.
D. only if Emmett impersonated someone else who could be liable for fraud.
Answer: B
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Budgeted cash payments for inventory would appear on the:
A. capital budget and pro forma statement of cash flows. B. cash budget and pro forma balance sheet. C. inventory purchases budget and pro forma statement of cash flows. D. inventory purchases budget and the pro forma income statement.
Warranty claims are an example of internal failure costs of nonconformance to customer standards
Indicate whether the statement is true or false
Burger World is a major fast food chain and it bought its coffee from Koffee Inc Jake is a salesman for Java Inc Lisa works for Burger World and is in charge of purchasing supplies such as coffee
Jake offers Lisa $250,000 if she will stop buying coffee from Koffee Inc and purchase coffee from Java Inc Lisa agrees and stops buying from Koffee and purchases only Java Inc coffee. Koffee Inc is very upset at losing the Burger World account as it sold over $7 million in coffee each year to Burger World. If Koffee Inc discovers this agreement between Lisa and Jake, Koffee Inc can A) do nothing as Burger World can buy products from any supplier it wants B) successfully sue Lisa for passing off C) successfully sue Burger World for misuse of confidential information D) successfully sue Lisa and Jake for intentional interference with economic relations E) successfully sue Lisa and Jake for conversion
What is a common feature of all structural models?
What will be an ideal response?