Which were the questionable business (accounting) practices that L&H engaged in?Classify each practice as acceptable, unethical, or fraudulent. Are such practices smart? Are they legal?
Answers
These practices are not smart, as they can lead to severe legal and financial consequences for the company and its executives. Furthermore, they undermine investor confidence and can result in long-term reputational damage.
L&H (Lernout & Hauspie) engaged in questionable business (accounting) practices, which included:
1. Revenue recognition: L&H recorded revenue from sales that had not yet occurred or were not legitimate. This practice is considered fraudulent and illegal.
2. Inflating sales figures: L&H inflated their sales figures by creating fake customers and transactions. This practice is unethical and fraudulent, as it misrepresents the company's financial performance.
3. Falsifying financial statements: L&H manipulated their financial statements to present a more favorable image of their financial position. This practice is fraudulent and illegal, as it violates accounting principles and regulations.
4. Hiding debts and liabilities: L&H concealed their debts and liabilities by using complex transactions and off-balance-sheet financing. This practice is unethical and potentially fraudulent, depending on the extent of the concealment and the intent behind it.
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Related Questions
Trisha is working on putting together pictures of all of the best wedding cakes that
she has decorated and designed throughout her culinary career. She is hoping this compilation will help her get a job at the catering company that she has been wanting to work at for years. What is Trisha putting together to show her potential employer?
A. portfolio
B. resume
C. work visa
D. letter of intent
Answers
Answer:
A. Portfolio Is the Anwser to the Question
50 POINTS PLS HELP
Write a check, fill in the check register, then reconcile the checking account.
Answers
Answer:
your answers for blank check are as follow s: Date:04/01/19.
PAY TO THE ORDER OF: City of Dallas $54.15
fifty four dollars and fifteen cents.
Memo:for a parking ticket.
which investment has increased in value more, and by how much? a. the value of drew’s bonds has increased by $4.83 more than the value of his stocks. b. the value of drew’s bonds has increased by $9.87 more than the value of his stocks. c. the value of drew’s stocks has increased by $11.64 more than the value of his bonds. d. the value of drew’s stocks has increased by $34.92 more than the value of his bonds.
Answers
The investment has increased in value more is D. the value of drew’s stocks has increased by $34.92 more than the value of his bonds.
What is investment?An investment can simply be defined as the action of investing a certain amount of money or asset in order to get a return.
From the information given, the the value of drew’s bonds has increased by $4.83 more than the value of his stocks. This was the first investment.
The value of drew’s bonds has increased by $9.87 more than the value of his stocks. This was the second investment.
The value of drew’s stocks has increased by $11.64 more than the value of his bonds. This was the third investment.
The value of drew’s stocks has increased by $34.92 more than the value of his bonds. This was the fourth investment.
Therefore, the investment has increased in value more is the value of drew’s stocks has increased by $34.92 more than the value of his bonds. In conclusion, the correct option is D.
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A record of income and expenditures for a given period of time is called a/an:
Interest
Budget
Credit
Investment
Answers
A record of income and expenditures for a given period of time is called a BUDGET.
Substitution and income effects of a change in price of a good may be used to explain the:
Answers
Substitution and income effects of a change in price of a good may be used to explain the: Price Effect, income effect, and substitution effect.
What is the substitution and the income effect?The substitution effect has to do with the replacement of cheaper goods with the ones that are more expensive.
The income effect is the result of consumption that a person engages in based on their income changes.
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Economics!!
Which development would most likely reduce the standard of living in the
United States?
A. Wages increase for most American workers.
B. The U.S. government returns to the gold standard.
C. It becomes easier for U.S. citizens to get health care.
D. U.S. factories begin to
produce far fewer goods.
Answers
It's D. U.S. factories begin to
produce far fewer goods.
f the following choices, which contain both a traceable fixed cost and a common fixed cost? Multiple Choice Company personnel department costs and timekeeping costs for a responsibility center's employees Depreciation on a responsibility center's equipment and upervisory salaries for the center. Profit center manager's salary and timekeeping costs for a responsibility center's employees. Company president's salary and company personnel department costs.
Answers
The accompanying decisions, which contain both a recognizable fixed cost and a typical fixed cost Company personnel department costs, and timekeeping costs for a responsibility center's employees.
The option (A) is correct.
As the company's personnel department costs and timekeeping costs for an obligation place, workers incorporate costs that are straightforwardly followed to the division or focus like pay rates of administrative staff and expenses of the timekeeping division.
For the center employees are traceable fixed costs and incorporate fixed costs that apply to more than one community like Local charges of building which is utilized by more than one place, and costs assigned in light of square feet of floor space involved by the middle.
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This question is not complete, Here I am attaching the complete question:
Of the following, which contain both a traceable fixed cost and a common fixed cost? Multiple Choice
(A) Company personnel department costs and timekeeping costs for a responsibility center's employees.
(B) Depreciation on a responsibility center's equipment and upervisory salaries for the center.
(C) Profit center manager's salary and timekeeping costs for a responsibility center's employees.
(D) Company president's salary and company personnel department costs.
which of the following is measured in the front store on the mycustomer experience scorecard?
Answers
The mycustomer experience scorecard measures various aspects of the customer experience, including factors related to both the front store and the pharmacy.
The mycustomer experience scorecard measures various aspects of the customer experience, including factors related to both the front store and the pharmacy.
However, to give you a more specific answer, it is important to note that the customer experience scorecard can vary depending on the company or organization that uses it.
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which one of the following is best describes the slope of the security market line? group of answer choices market standard deviation risk-free interest rate reward-to-risk ratio risk premium on the market beta coefficient
Answers
The slope of the security market line is best described by the market risk premium.
The security market line (SML) is a graphical representation of the relationship between the expected return and the risk of an investment. The slope of the SML indicates the reward-to-risk ratio, which is measured by the market risk premium.
The market risk premium is the excess return that an investor expects to receive for taking on the risk of investing in the overall market compared to a risk-free investment. It represents the additional return that investors demand for bearing the systematic risk associated with the market.
To calculate the slope of the SML, we use the formula:
Slope = (Expected Return - Risk-Free Rate) / Beta
The beta coefficient measures the sensitivity of a security's returns to the overall market returns. It helps determine the level of risk associated with an investment. A higher beta implies greater market risk, while a lower beta implies lower market risk.
Therefore, the slope of the SML is determined by the market risk premium, which takes into account the risk-free rate, the expected return, and the beta coefficient. The market risk premium captures the compensation investors require for taking on market risk, making it the best descriptor of the slope of the security market line.
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A. arrange the steps in their proper order in determining the selling price.
. List all the ingredients.
. Make a list of operating expenses.
. Divide the total cost and the number of yield.
. Decide how much you will add to the cost of labor.
Answers
I made three to see which one's more logical. Its up to you after.
Answer:
. Make a list of operating expenses.
. List all the ingredients.
. Decide how much you will add to the cost of labor.
. Divide the total cost and the number of yield.
or
. Make a list of operating expenses.
. Decide how much you will add to the cost of labor.
. List all the ingredients.
. Divide the total cost and the number of yield.
or
. Decide how much you will add to the cost of labor.
. Make a list of operating expenses.
. List all the ingredients.
. Divide the total cost and the number of yield.
Explanation:
You really just need to understand the problem using the words in the sentences and the context of those sentences.
Write any five methods of getting information of foreign employment and discuss any one of them.
Answers
Answer:
May it will help you
Explanation:
1) Notice board
2) Book of introduction
3) Institutions work working under the ministry of labour
4) Authority of human resources
5) Manifestos of training institutions
6)Web site
7) Newspapers
8) Public meeting :the manpower company, training institutions and institutions of public counseling are working in the field of foreign employment in nepal.
They come to the direct or indirect contact of people through various programmes of interaction, seminar, and meeting.
9)Radio and television
Foreign employment getting information through Notice board, Book of introduction, Authority of human resources, Web site, and Newspapers.
Who is Foreign employment?
Public meeting: When the manpower company, training institutions, and institutions of public counseling are working in the field of foreign employment in Nepal.
Although, They come to direct or indirect contact with people through various programs of interaction, seminars, and meetings.
Also, Foreign employment getting information through Institutions work working under the ministry of labor, Manifestos of training institutions, Radio, and television
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“The needs of a society conflict with the goals of the financial services industry’s desire to make a profit.” Do you agree or disagree?
Answers
Answer:
I do not agree that "the needs of a society conflict with the goals of the financial services industry's desire to make a profit", but on the contrary, I consider that the economic objectives of the financial system contribute to the well-being of the individuals that make up society, with which they satisfy the needs of this in an indirect way.
I believe this because the financial system, through its will to profit, creates jobs and economic opportunities for individuals, who would otherwise be forced to meet their needs without the help of a system designed to profit as a result of work done (such as communism).
Marcy tells jessica that she will buy jessica a new dress if she reads a book by friday night. Jessica begins reading and has only two chapters left to finish when marcy tells jessica that she has changed her mind and will not buy the dress. Under the modern approach to contracts, marcy and jessica?.
Answers
Marcy and Jessica made a unilateral contract as soon as Jessica started reading and has only two chapters left under the current theory of contracts.
What is Unilateral Contract?
In a unilateral contract, the offeror stipulates that payment will only be made in the event that a specified event occurs. In general, unilateral agreements are used most frequently when an offeror has a request that has not been satisfied and for which they are willing to pay in exchange for a particular action.
A unilateral contract is one that is often only partially unilateral, such as an insurance policy contract. In a unilateral contract, the offeror is the only party subject to contractual obligations. Most unilateral agreements are one-sided and the offeree makes no substantial commitment at all. Open requests and insurance policies are the most common examples of one-sided contracts.
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The question was incomplete. Check below the full question.
Marcy tells jessica that she will buy jessica a new dress if she reads a book by friday night. Jessica begins reading and has only two chapters left to finish when marcy tells jessica that she has changed her mind and will not buy the dress. Under the modern approach to contracts, marcy and jessica.
a. have no contract until Jessica finishes reading
b. formed a unilateral contract as soon as Jessica began reading.
c. have not formed a contract, and Marcy owes Jessica nothing.
d. formed a bilateral contract as soon as Jessica began reading
5. Describe at least three investments you want
to make with your income. Explain whether
each one is an equity investment or a debt investment, and explain why you chose these
particular types of investments
Answers
With the money I'd make, I'd like to buy a car as an equity investment.
This item was chosen because it would assist me in getting to work and other locations on my own.
I'd also like to utilize my money to purchase or rent a house, which would also be an equity investment and provide me with a place to live for an extended length of time.
I'd like to invest in a powerful firm that wants to do good in the world; this is a debt investment that would offer the world a strong face.
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Three kilo of quid can be purchaed at the market for php 180 what will be the cot of 15 kilo of quid
Answers
Three kilo of quid can be purchaed at the market for php 180,The cost of 15 kilo of quid is 900.
What is the cost called?Cost is the amount of money spent by a business to produce or provide goods or services. It excludes the profit margin markup. Cost is the sum of money spent on making a thing or product, as seen from the seller's perspective.
Three kilo of quid can be purchaed at the market for php 180
180 / 3 * 15 = 60
Lone kilo Php boy. = 60 * 15 = 900 ( simple operation)
=900
Three kilo of quid can be purchaed at the market for php 180,The cost of 15 kilo of quid is 900.
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ECONOMICS EVERFI QUESTION When comparison shopping, all of these hint at a good deal EXCEPT_____________________. lower-priced models offer more features. there is a coupon available for additional percentage off the price. the sale price is the cheapest available. there are more positive customer reviews than negative reviews.
Answers
Answer:
the sale price is the cheapest available.
Explanation:
Comparison shopping is the practice or nature of shopping where one compares the price of an item different sources which the individual wishes to purchase. This is done in advance before the actual purchase or shopping. It is done to achieve the best deal in price.
Comparison shopping is ideal or beneficial when buying items which can be easily researched through some advertisements. When doing comparison shopping it is not a good deal to always go for the lowest price available.
Thus, it is not considered a good deal when you go for the sale price that is the cheapest available.
The sentence which best complete the phrase is lower-priced models offer more features (option A)
When we want to buy an object it is advisable to find out its value in different places to find the cheapest one. It is also advisable to look for discount coupons or promotions to save us a little money.
Another activity that we can carry out is to consult on the internet the review of other buyers about the product to make sure that its operation is optimal.
Generally, the cheapest models are the ones that offer the fewest features. For example, if I want to buy a bicycle, its price can vary based on different characteristics such as the material of the frame (lighter is worth more) or the number of speeds (more speeds are worth more).
According to the above, the correct answer is option A. because it mentions an aspect related to low-value objects.
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Which is an organizational unit that is useful for collecting and aggregating similar data on separate forms?
Subforms
Subreports
Tab pages
Keyboard shortcuts
Save and Exit
Answers
Answer:
a.subforms
Explanation:
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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PLEASE SEND HELP ASAP
Planning for regional natural disasters at work is _______.
a.
good practice
b.
unnecessary
c.
too cautious
d.
unsafe
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
A. good practice
Explanation:
planning for these disasters can help reduce damage,injuries,even death.
Answer:
A
Explanation:
Just in case something were to happen it would be good to know where to go and what to do. It can prevent deaths and injuries if the real thing were to happen.
What type of loan uses real estate for security?
A point of sale
A line of credit
. A disclaimer (it’s not disclaimer)
A second mortgage
Answers
Answer:
A second mortgage loan uses real estate for security
Which of the following scenarios describes an advantage of a global economy?
A car company makes its products in a country known for high manufacturing requirements.
A lightbulb company expands to a country where potential workers all have the same educational background.
An electronics company manufactures products in a country where the materials cost is high.
A toothpaste company expands to another country where there is a lot of competition for jobs.
Answers
https://www.nap.edu/read/1806/chapter/7
Bank reserves include Part 2 A. vault cash and deposits with the Federal Reserve. B. loans to bank customers and deposits with the Federal Reserve. C. vault cash and loans to bank customers. D. customer checking accounts and vault cash.
Answers
Bank reserves include vault cash and deposits with the Federal Reserve.
A bank reserves include the vault deposits with the federal reserves and represent a commercial bank holding and are physically held by the bank in the central reserves.
That is set by the minimum reserve requirements and some of the central bank's ted to pay interest on these despots while others don't. They can be various types as reserves on deposits and vault on cash and borrowed reserves and free reserves.
What is the required reserve ratio for the Federal Reserve?in modern economies is rarely used Assume a bank has $100,000 in checking account deposits and no excess reserves, with a required reserve ratio of 10%. If the Federal Reserve raises the required reserve ratio to 12%, the bank will now have $20,000 in excess reserves.
What is the Federal Reserve interest on excess reserves (IOER)?The Federal Reserve implements Interest on Excess Reserves (IOER) to adjust the banks’ holding of excess reserves and influence the monetary supply. Financial institutions are required to hold a minimum amount of reserves to ensure sufficient liquidity when clients want to withdraw cash under normal circumstances.
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__________is the name for the doctrine that holds that the manufacturer of a product has legal responsibilities to compensate the user of that product for injuries suffered because the product's defective condition made it unreasonably dangerous, even though the manufacturer has not been negligent in permitting that defect to occur.
Answers
Answer:
Product liability
When an account payable is paid off in full, an entry is journalized that credits
which account?
O A. Accounts Payable
B. Accounts Receivable
C. Cash
D. Income
Answers
Answer:
B
Explanation:
PLEASEE! unit test in progress!!
A tax accounting software company is trying to help potential customers understand how other tax firms are already using certain platforms to complete their work. What type of primary research might they use to BEST tell that story?
a. Websites about tax firms’ busy season
b. Account textbooks
c.an interview with a single client
d. 10 case studies of existing clients
Answers
Answer:
It is D
Explanation:
.
an organization's ________ goals are official statements of what an organization says, and what it wants its stakeholders to believe its goals are.
a. implicit
b. stated
c. authentic
d. real
Answers
An organization's stated goals are official statements of what an organization says, and what it wants its stakeholders to believe its goals are.
Stated goals refer to the formal and publicized objectives that an organization communicates to its stakeholders, such as employees, customers, investors, and the general public. These goals are typically expressed in official documents like mission statements, vision statements, and strategic plans. Stated goals are important for setting a direction for the organization and shaping the perceptions and expectations of its stakeholders.
The purpose of stated goals is to provide a clear and coherent message about the organization's intentions and aspirations. They are often designed to inspire confidence, attract support, and guide decision-making within the organization. However, stated goals may not always align with the authentic or real goals of the organization. While organizations may publicly state certain goals, the actual goals and priorities pursued by the organization may differ due to various factors, such as internal dynamics, external pressures, or changing circumstances. Therefore, it is important to consider both the stated goals and the actions of the organization to gain a comprehensive understanding of its true intentions and objectives.
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If you use a finance calculator, be specific about which one and what you entered. For example: "Future Account Balance calculator, __% APR, __ periods per year, $__ recurring deposit, $ __initial deposit, for __ years. "1. You invest $5000 in an account with an APR of 2. 5%. Calculate the final balance of the account and the amount of interest earned under the following circumstances. You invest $5000 in an account with an APR of 2. 5%. The account earns simple interest for 3 years. A. How much interest will you earn altogether? (1 pt)b. What is the final balance of the account? (0. 5 pt)You invest $5000 in an account with an APR of 2. 5%. The account is compounded quarterly for 3 years. C. What is the final balance of the account? (1 pt) d. How much interest will you earn altogether? (1 pt) 2. Nakia plans to buy a $32,000 car. She will deposit money every month for 42 months into a savings account with an APR of 3. 5% in order to reach the $32,000 goal. (1 pt) a. How much money will she need to deposit every month to meet her goal? b. How much money will she deposit altogether? (1 pt)3. Laura invested $325 per month into a retirement plan with an APR of 2. 2% for 35 years. A. How many payments will she make altogether? (0. 5 pt) b. How much will she invest altogether? (1 pt) c. What will the final balance of her retirement plan be?d. How much of the final account balance is interest? What percent of the final account balance is interest? Round to one decimal place
Answers
a. To calculate the interest earned on the account with simple interest, we can use the formula: Interest = Principal x Rate x Time.
So, the interest earned will be:
Interest = $5000 x 0.025 x 3
Interest = $375
b. The final balance of the account with simple interest will be:
Final balance = Principal + Interest
Final balance = $5000 + $375
Final balance = $5375
c. To calculate the final balance of the account with quarterly compounding, we can use the Future Value of a Present Sum formula on a financial calculator, such as the HP 10BII.
We would enter the following values:
Present Value (PV) = -$5000 (since this is an investment)
Interest Rate per Quarter (i) = 0.025/4 = 0.00625
Number of Periods (n) = 3 x 4 = 12
Using the calculator, we get:
Final balance = $5,579.69
d. To calculate the total interest earned on the account with quarterly compounding, we can subtract the initial investment from the final balance:
Total interest = Final balance - Principal
Total interest = $5,579.69 - $5000
Total interest = $579.69
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An investor whose highest priority is getting the largest gains possible, even if
it requires a lot of risk, would most likely invest in ________.
A. Hedge funds
B. Bonds
C. Mutual funds
D. Saving accounts
Answers
The investor whose highest priority is getting the largest gains possible would invest in hedge funds. (option A)
What are hedge funds?Hedge funds are alternative investments that pool the financial resources of different high net worth people together in order to invest in different ventures. Hedge funds are known to invest in different risky and illiquid investments. This increases the rate of their returns relative to other options.
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for two years, lisa carson was able to pay the premiums on her whole life policy without borrowing. for the past two years, she has borrowed from the cash value of her whole life policy to pay the premiums. last year, she paid $95 of interest on the funds she borrowed. what are the tax implications in this situation? a) the interest expense is tax deductible because it does not exceed $100. b) the interest expense is not tax deductible because it does not exceed $100. c) the interest is deductible because lisa is in the business of continuing her insurance and the interest is deductible business interest expense. d) the interest expense is not tax deductible. explanation the interest expense is not tax deductible because interest on a loan incurred to purchase personal life insurance protection is considered personal interest, which is not deductible. personal loan interest is not tax deductible, regardless of whether the lender is a bank or a life insurance company. lo 2.1.1
Answers
(d) The interest expense is not tax deductible because Personal loan interest, which is not deductible, is the interest paid on a loan taken out to buy personal life insurance. Whether a personal loan is being taken out from a bank or a life insurance business, the interest paid on the loan is not tax deductible
What is Personal Loan?
Personal loans are a form of closed-end credit with specified monthly payments (e.g., three, four, or five years). Personal loan interest rates are represented as a percentage of the amount borrowed (principal).
Banks must first borrow money for themselves, either from other banks or from the deposits of their customers, before they may offer loans. The expense of borrowing money from a bank and the inherent risk of lending money when there is no assurance that it will be returned is reflected in the interest rate on a personal loan.
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.
1. In recent years the U.S. banking structure has changed in such a way that there are now:
a. more banks.
b. fewer branches.
c. fewer banks but more branches.
d. fewer banks and fewer banks with branches.
Answers
In recent years, the U.S. banking structure has significant changes like consolidation within the banking industry and having more branches.
Firstly, there has been a trend of consolidation within the banking industry, leading to fewer banks overall. This consolidation has been driven by mergers and acquisitions, as well as regulatory changes that have made it more difficult for smaller banks to compete.
The consolidation has resulted in larger banks that have the resources and scale to navigate complex regulations and invest in technological advancements.
However, despite the decrease in the number of banks, there has been a simultaneous increase in the number of branches. This is primarily due to the expansion strategies adopted by larger banks. As they acquire smaller banks, they often retain their branch networks to maintain a physical presence in different communities.
Additionally, with advancements in digital banking, larger banks have recognized the importance of maintaining a combination of online and brick-and-mortar channels to cater to a diverse customer base.
Overall, the U.S. banking structure has evolved to have fewer banks but more branches. The consolidation trend has led to larger and more robust institutions, while the focus on branch expansion ensures accessibility for customers who prefer in-person banking services. The combination of physical and digital channels allows banks to provide a wider range of services and reach a broader customer base, accommodating different preferences and needs in today's banking landscape.
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