A company is a victim of a $414 million fraud. At that time its profit margin is 10%. How much additional revenue should the company generate in order to recover the effect on net income?
a. $41.4 million
b. $414 million
c. $4.14 billion
d. $41.4 billion
c
FEEDBACK: a. Incorrect.
b. Incorrect
c. Correct. The company must generate 10 times the amount of fraud.
d. Incorrect.
Business
You might also like to view...
Level of education is an example of segmentation by:
A) psychographics B) generations C) demographics D) geodemographics
Business
Management's regular assessment of its internal controls is part of monitoring
Indicate whether the statement is true or false
Business
What does purchasing power parity mean?
What will be an ideal response?
Business
The cost of underselling is a key factor that influences the optimal level of product availability
Indicate whether the statement is true or false.
Business