Wall Street bond trader turned on the television one day and saw a news report accusing him of committing a large securities scam. This trader learned that his employer had accused him of creating $300 million of phony profits and, as a result, getting bogus bonuses of $8 million. He claimed he was innocent, and it took about three years for him to prove his innocence. In the months that followed the accusations, he was investigated by the SEC, the National Association of Securities Dealers, and the Justice Department. Three years later, the bond trader was cleared of all major charges brought against him

Required:
a. Assume that you are the employer. What type of legal action would you seek against this bond trader? Why?
b. To what type of court would your case most likely be assigned? Why?

Answer:

A. From a civil standpoint, I will report the body of proof against the bond broker. Once the dissension has been brought to the attention of the offending party, a standard legal procedure will be followed. The protest will go into detail about the offence as well as monetary provisions for the damage suffered.

B. The case will most likely be signed to the district courts in which the company is registered.

Wilson, an employee in a private-sector bank, has been suspected of stealing company funds and subsequently threatening and harassing some of his coworkers who refused to participate in his plans. Wilson, however, completely denies the accusations and maintains that he is innocent. Because of the lack of strong evidence, the ethics committee of the company decides to administer a polygraph test to Wilson. To ensure compliance with the rules of the Employee Polygraph Protection Act, which of the following should the committee do while conducting the test?
a. It should not inform Wilson or get his permission prior to conducting the test.
b. It should not allow Wilson to stop the test at any time depending on his personal will.
c. It should decide if Wilson is to be terminated or retained solely based on the results.
d. It should only use licensed, bonded examiners to conduct the test.

Kari is a limited partner in Lizard Partnership. This year, Kari's share of partnership ordinary income is $20,000, and she received a cash distribution of $30,000. Kari's tax basis in her partnership interest at the beginning of the year was $50,000. Her marginal tax rate is 22 percent. Kari qualifies for the QBI deduction, without regard to the wage or taxable income limitations.
a. Calculate the tax cost of Kari's partnership earnings this year Tax cost
b. Compute Kari's after-tax cash flow from her partnership activity this year After-tax cash flow
c. Compute Kari's tax basis in her partnership interest at the ending of the year. Assume no change in her share of partnership during the year.

A maximum price control on cellular telephones (cellular telephones) A. A surplus of cellular telephones B. An increase in demand for cellular telephones C. A decrease in supply of cellular telephones D. An increase in quantity supplied and decrease in quantity demanded of cell telephones E. None of the above

Starling Co. is considering disposing of a machine with a book value of $24,600 and estimated remaining life of five years. The old machine can be sold for $5,700. A new high-speed machine can be purchased at a cost of 65,300. It will have a useful life of five years and no residual value. It is estimated that the annual variable manufacturing costs will be reduced from $23,300 to $19,600 if the new machine is purchased. The five-year differential effect on profit from replacing the machine is a(n)

Cliff Company traded in an old truck for a new one. The old truck had a cost of $130,000 and accumulated depreciation of $65,000. The new truck had an invoice price of $135,000. Huffington was given a $63,000 trade-in allowance on the old truck, which meant they paid $72,000 in addition to the old truck to acquire the new truck. If this transaction has commercial substance, what is the recorded value of the new truck

On January 1, Year 1, Parker Company purchased an asset costing $20,000. The asset had an expected five-year life and a $2,000 salvage value. The company uses the straight-line method. What are the amounts of depreciation expense and accumulated depreciation, respectively, that will be reported in the Year 2 financial statements

Why would a Roth 401(k) investment plan allow you to invest the most amount of money?

When amortizing the discount on bonds payable, the amount of interest expense reported on the income statement will always be less than cash paid for interest. True or false?

An agreement is formed between a new company and an existing well-established organization. The agreement states that the established company will provide financial capital and other resources and the start-up will contribute its technological expertise. This method of acquiring new technology is known as g

Your financial investments consist of U.S. government bonds maturing in twenty years and shares in a start-up internet company. If interest rates on newly-issued government bonds increase, then the price of your bonds will _____ and the price of the shares you own will _____.

Hudson Corporation is considering three options for managing its data warehouse: continuing with its own staff, hiring an outside vendor to do the managing (referred to as outsourcing), or using a combination of its own staff and an outside vendor. The cost of the operation depends on future demand. The annual cost of each option (in thousands of dollars) depends on demand as follows:

Demand
  
Staffing Options High Medium Low
Own staff 650 650 600
Outside vendor 900 600 300
Combination 800 650 500
        
Required:
a. If the demand probabilities are 0.2, 0.5, and 0.3, which decision alternative will minimize the expected cost of the data processing operation?
b. Construct a risk profile for the optimal decision in part (a).

Suppose you can only invest in the stock markets of two countries: US and China. The US has an expected return of 5.0% and a standard deviation of 15.0%. China has an expected return of 7.0% and a standard deviation of 22.0%. The correlation between the returns in the two markets is 0.3. The risk-free rate is 3.0%. What is the maximum Sharpe ratio you can obtain (rounded to the nearest 0.001)

اقرأ الفقرة التالية واجب عن الأسئلة التي تليها .33
نفترض انك تقدمت بطلب من بنك البحرين الإسلامي لتمويل مشروعك الخاص والحصول على تمويل بقيمة
5400 دينار بحريني، حيث ستكون مدة التمويل 6 سنوات و بسعر فائدة وقدرها 8% سنوية بالإضافة الى
.مصاريف إدارية 65 دينار والتأمين على القرض 115 دينار
Enter your answer
* :قيمة الفائدة السنوية -1
.34
(2 Points)
Enter your answer
* :قيمة الفائدة الإجمالية -2
.35
)
(2 Points)

Which of the following is NOT one of the four factors of production?

1. Entrepreneurship
2. Natural resources
3. Human Resources
4. Production Resources

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Arkansas Co. believes in the international Fisher effect. It has excess funds that it can invest in money market securities for one year. It can invest in the U.S. at an interest rate of 4%, Japan at an interest rate of 2%, the United Kingdom at an interest rate of 6%, or Brazil at an interest rate of 9%. It would not cover any investment that it takes against exchange rate risk. Its expected return on its investment will be highest in_________________.

Van is heading out to lunch. He goes to the bank and withdraws $30 from his savings account. He heads to a local deli that sells half sub sandwiches for $4.99 and whole subs for $7.99. Eric decides that he's pretty hungry and goes for the whole. He pays with a $10 bill and tells the cashier to keep the change.
Identify what role money plays in each of the following parts of the story.
a. Role of money medium of unit of store
b. Exchange account of value
c. Eric can easily determine that the whole sandwich, while twice as long as the half, is priced at less than twice as much.
d. Eric accumulates money in his savings account for future purchases.
e. Eric buys his lunch with a $10 bill.

The charter of a corporation provides for the issuance of 99,983 shares of common stock. Assume that 38,266 shares were originally issued and 4,896 were subsequently reacquired. What is the amount of cash dividends to be paid if a $4 per share dividend is declared

Robert Nozick's direct criticism of the importance of income equality is that: a. trade performed on a cumulative basis would result in equal outcomes and opportunities for people. b. All of the answers are correct. c. peaceful trade should not be condemned even when it leads to large differences in wealth. d. equality results only from freely chosen market transactions, devoid of coercive force or fraud.

Neumann Corporation issues convertible preferred stock that is mandatorily redeemable five years from the date of issuance. During the last two years that the preferred shares are outstanding, investors may convert each one share of preferred stock to two shares of common stock. Prior to conversion or redemption, the preferred shares should be classified on the balance sheet as:

Agency has a capital structure of 60 percent common stock, 5 percent preferred stock, and 35 percent debt. The dividend payout ratio is 30 percent, the company's beta is 1.21, and the tax rate is 21 percent. Given this, which one of the following statements is correct?
a. The aftertax cost of debt will be greater than the current yield-to-maturity on the company's outstanding bonds.
b. The company's cost of preferred is most likely less than the company's actual cost of debt.
c. The cost of equity is unaffected by a change in the company's tax rate.
d. The cost of equity can only be estimated using the capital asset pricing model.
e. The weighted average cost of capital will remain constant as long as the company's capital structure remains constant.

At December 31, 2021 and 2020, Cow Co. had 117,000 shares of common stock and 6,700 shares of 3%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2021 or 2020. Net income for 2021 was $670,000. For 2021, basic earnings per share was: Multiple Choice $2.01 $5.38 $8.73 $5.55

If the demand for meals at the Campus Café declines. This will result in...
What will happen to the equilibrium price,supply and quantity

The expected return on the market portfolio is 14%. The risk-free rate is 6%. The expected return on SDA Corp. common stock is 13%. The beta of SDA Corp. common stock is 1.30. Within the context of the capital asset pricing model, _________.

Thomlin Company forecasts that total overhead for the current year will be $11,742,000 with 164,000 total machine hours. Year to date, the actual overhead is $7,547,000 and the actual machine hours are 83,000 hours. The predetermined overhead rate based on machine hours is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. a.$46 per machine hour b.$141 per machine hour c.$91 per machine hour d.$72 per machine hour

Steps in the Accounting Cycle Listed below, out of order, are the steps in an accounting cycle.
1. Prepare the unadjusted trial balance.
2. Post journal entries to general ledger accounts.
3. Analyze transactions from source documents.
4. Journalize and post adjusting entries.
5. Prepare the financial statements.
6. Record transactions in a journal.
7. Prepare the post-closing trial balance.
8. Prepare the adjusted trial balance.
9. Journalize and post closing entries.
(a) Place the numbers from the above list in the order in which the steps in the accounting cycle are performed.
3, 6, 2, 1, 4, 8, 5, 9, 7
2, 3, 6, 1, 4, 8, 5, 9, & 7
3, 6, 2, 1,4,8,5,7, & 9
6, 3, 2, 1, 4, 8, 5, 9, & 7
(b) identify the steps in the accounting cycle that occur daily.
1, 2, 3, & 6
2, 3, & 4
1, 2, 3, 4,&6
2, 3, & 6

With regard to social welfare, oligopolists forming a cooperative alliance is Group of answer choices good because it leads to less disagreement and lower prices and more variety. good because forming a cooperative alliance closely resembles a perfectly competitive outcome. bad because prices will then be too high and output will be too low. bad because output will then be too high and prices will be too high. Flag question: Question 11

Swifty Company has recorded the following items in its financial records. Cash in bank $47,300 Cash in plant expansion fund 102,000 Cash on hand 13,700 Highly liquid investments 36,000 Petty cash 530 Receivables from customers 96,600 Stock investments 63,500 The highly liquid investments had maturities of 3 months or less when they were purchased. The stock investments will be sold in the next 6 to 12 months. The plant expansion project will begin in 3 years. (a) What amount should Swifty report as "Cash and cash equivalents" on its balance sheet?

Moses Moonrocks Inc. has developed a balanced scorecard with a measure map that suggests that the number of erroneous shipments has a direct effect on operating profit. The company estimates that every shipment error leads to a reduction of revenue by $3,000 and increased costs of about $2,000.
Sales $230,000
Cost of goods sold 150,000
Depreciation expense 30,000
Other expenses 20,000

On the statement of cash flows prepared by the indirect method, a $50,000 gain on the sale of investments would be: Group of answer choices added to dividends declared in converting the dividends declared to the cash flows from financing activities related to dividends. added to net income in converting the net income reported on the income statement to cash flows from operating activities. deducted from net income in converting the net income reported on the income statement to cash flows from operating activities. deducted from dividends declared in converting the dividends declared to the cash flows from financing activities related to dividends.