Explain the Racketeer Influenced and Corrupt Organizations (RICO) Act
Designed to curb organized crime activity.
Requires a "pattern of racketeering activity" which is defined as the commission of at least two racketeering acts within a 10 year period.
Racketeering acts include murder, kidnapping, gambling, arson, robbery, bribery, extortion, dealing in pornography or narcotics, counterfeiting, embezzlement of pension, union or welfare funds, mail fraud, wire fraud, obstruction of justice or criminal investigation, interstate transportation of stolen goods, white slavery, fraid in the sale of securities, and other acts related to the Currency and Foreign Transactions Reporting Act.
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Anna Conda Landscaping service received a bill for the utilities used during September. The bill will be paid in October. The journal entry to record the utility bill received is:
A. Debit Accounts Payable; Credit Cash B. Debit Cash; Credit Utilities Expense C. Debit Utilities Expense; Credit Accounts Payable D. Debit Utilities Expense; Credit Cash
A company makes a product using two materials, one of which is interchangeable with a third material. The standards for producing one 200-pound batch are presented below. The last 200-pound batch was produced using 140 pounds of M and 90 pounds of O. The price of M was $0.03 per pound and the actual price of O was $0.10.MaterialStandard Quantity (lbs) StandardCost/lb. Total CostO 0 $0.10 $0 H 80 0.08 6.40 M 120 0.02 2.40 200 $8.80 What is the material yield variance?
A. $3.00. B. $1.32. C. $1.68. D. $1.12.
Discuss the four channels that signal high/low expectations.
What will be an ideal response?
Substantial performance, such as delivering 98 percent of the goods ordered, is generally not considered acceptable, and so is a breach of contract
a. True b. False Indicate whether the statement is true or false