Brooke is a suspect in a case of larceny. Police officers search her house without a warrant and find the missing article. Brooke's attorney argues that this cannot be used as evidence as it was obtained without a warrant to search her residence
Which of the following statements is true with regard to the scenario?
A) The evidence is not permissible since it violates Brooke's right to be secure in her home as per the Fourth Amendment to the U.S. Constitution.
B) The evidence is not permissible since it violates Brooke's right to assemble peacefully as per the First Amendment to the U.S. Constitution.
C) The evidence is valid in court as police officers are permitted to search residences.
D) The evidence is permissible since the police officers need to describe the items searched for in a formal report.
A
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Which of the following is not one of the broad principles underlying the accountant's code of professional ethics?
a. Objectivity b. Integrity c. Loyalty d. Independence
A rating of A++ in Best's Insurance Reports indicates the life insurance company
A) is financially stable. B) has provided superior returns to its stockholders. C) provides low-cost protection. D) has had an exceptional growth in sales over the past five years.
Martin Production Co is considering investing in specialized equipment costing $975,000
The equipment has a useful life of five years and a residual value of $75,000. Depreciation is calculated using the straight-line method. The expected net cash inflows from the investment are given below: Year 1 $275,000 Year 2 220,000 Year 3 200,000 Year 4 200,000 Year 5 180,000 $1,075,000 Compute the accounting rate of return on the investment, Show your calculations and round to two decimal places. What will be an ideal response
Bibbeon Manufacturing shipped 300 designer navy blue blazers to Custom Clothing Emporium. The blazers arrived on Friday, earlier than Custom had anticipated and on an exceptionally busy day for its receiving department. They were perfunctorily examined and sent to a nearby warehouse for storage until needed. On the following Monday, upon closer examination, it was discovered that the quality of
the blazer linings was inferior to that specified in the sales contract. Which of the following is correct insofar as Custom's rights? a. Custom can reject the blazers upon subsequent discovery of the defects. b. Custom must retain the blazers since it accepted them and had an opportunity to inspect them upon delivery. c. Custom's only course of action is rescission. d. Custom had no rights if the linings were merchantable quality.