Which of the following is true about legal action taken by organizations who are the victims of fraud?
a. Legal action is taken in fewer than half of frauds committed.
b. Legal criminal action is brought the the victim organization.
c. Civil action is a good way to get restitution.
d. Civil action sends a message to others not to commit fraud.
a
FEEDBACK: a. Correct.
b. Incorrect, action can only be brought by law enforcement agencies.
c. Incorrect, the perpetrators' usually are unable to repay.
d. Incorrect.
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If one partner contributes an asset to the business, the asset is jointly owned by all partners
a. True b. False Indicate whether the statement is true or false
____________________ and ____________________ are investing and financing activities that involve no cash flows, but represent a significant change in the company's financial position
Fill in the blank(s) with correct word
Bargain Basement Inc, is a discount house. It buys brand name products from various
manufacturers and sells them at below the suggested retail price. This practice has angered some of those manufacturers who believe that their products are high quality and should not be sold at bargain basement prices. Several of those manufacturers agree that they will no longer sell their products to Bargain Basement. This action is: A) Legal, because it was reasonable under the rule of reason. B) An illegal group boycott. C) Legal, because it was unilateral. D) An illegal vertical market division. E) An illegal horizontal market division.
Ratios can be used for different purposes. For example, a variety of ratios have been developed to assess a firm's liquidity. Similarly, ratios have been developed to assess solvency, profitability, and stock market strength. A sample of commonly used ratios for these purposes is provided in the table below.Required:In the middle column of the table, provide the formula to compute the specified ratio. In the final column, indicate the purpose (Liquidity, Solvency, Profitability, and Stock market strength) for which the ratio is most commonly used. The first item is completed as an example.
What will be an ideal response?