Cosmetic Profits. Sally is the executive vice president of Big Name Cosmetics Company. Through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. It is expected that stock in Big Name Cosmetics will rise dramatically at that point. Sally immediately buys a number of shares of her company's stock. She also tells her friend Alice about the expected purchase of stores. Alice wanted to purchase stock in the company but lacked the funds with which to do so. Although she did not have the funds in Bank A, Alice decided to draw a check on Bank A and deposit the check in Bank B and then proceed to write a check on Bank B to cover the purchase of the stock. She hoped that she would have sufficient funds to deposit before the check was presented for payment. Of which offense is Sally guilty, if any, in purchasing stock of her company?

Answers

Answer 1

Answer:

Answer:

Insider Trading

Explanation:

Insider trading is an illegal act which is performed by an individual on the bases of confidential information. Any information which is not for public use and is used for personal benefit is an offense which is committed by Sally.

She leaked the information to Alice who further used that information to her own personal benefit which is straight off an illegal act falling in the category of insider trading.

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What describes the nature of cause and effect in the context of the business cycle?

Explain the different levels of organizational involvement in international trade

Answers

The three different levels of organizational involvement are:
- export and import: in this level of organization, a company maybe contacting others in order to trade by importingd and exportings
- Start selling in Internationaly level: This level entails researching foreign markets, putting together an export plan, and finding salespeople overseas.
- Multinational level: In this case there are not only one country interested in selling and buying, but now the market is expanded to many countries where all the reseacrh and the salespeople are settled

Machvile Corporation, a robotics company, decides to acquire Chancera Inc., a start-up company that operates within the same industry. To better assess its decision, the management of Machvile Corporation needs to find out the value of Chancera Inc.'s total assets. The management has information regarding Chancera Inc.'s liabilities and stockholders' equity. In this scenario, the management should most likely use the _____ to get the required information.A. accounting equation
B. profitability index
C. quartic equation
D. liquidity index

Answers

Answer:

The management would most likely use here accounting equation to take out the total assets of the Chancera inc.

Explanation:

Accounting equation which is also termed as balance sheet equation , is a formula which helps in telling about the relationship between total assets, liabilities and shareholders equity of a company. The formula that is used is -

Total assets = Total liabilities + Shareholders equity

So in the question , liabilities and shareholders equity is given in the question, so Machvile corporation can use accounting equation formula to take out the total assets.

Answer: In this scenario, the management should most likely use the accounting equation to get the required information.

Accounting equation is known as the base of the double-entry accounting. It displays a a organization's balance sheet where the entire organization's assets equals the sum of the organization liabilities and also shareholders' equity.

∴ Machvile Corporation management should use the accounting equation to get the required information.

If an excise tax is imposed on automobiles and collected from consumers, the:_________a) equilibrium quantity supplied will increase relative to the pretax level.
b) supply curve will shift upward by the amount of the tax.
c) equilibrium quantity demanded will increase relative to the pretax level.
d) demand curve will shift downward by the amount of the tax.

Answers

Answer:

D) demand curve will shift downward by the amount of the tax.

Explanation:

An excise tax is a tax levied on specific goods or services, e.g. gas tax.

This tax will have a similar effect on the quantity demanded as a price increase. But instead of shifting the equilibrium point with the demand curve, it will shift the whole demand curve to the left. This leftward shift will reduce the quantity demanded at every price level, which in turn will lower the equilibrium price.

This tax will hurt both consumers and suppliers since it reduces the number of units sold and it increases the price of the cars.

The following information is available for Tye Company at December 31: Beginning inventory $80,000; Ending inventory $120,000; Cost of goods sold $1,200,000; and Sales Revenue $1,600,000. Tye's inventory turnover is(A) 16 times(B) 10 times(C) 15 times(D) 12 times

Answers

Answer:

12 Times.

Explanation:

By putting values in the below format:

= (1200000/((80000+120000/2))

= 12

Bramble Inc is a book distributor that had been operating in its original facility since 1995 . The increase in certification programs and continuing education requirements in several professions has contributed to an annual growth rate of 15% for Bramble since 2020 . Bramble's original facility became obsolete by early 2025 because of the increased sales volume and the fact that Bramble now carries DVDs in addition to books. On June 1, 2025, Bramble contracted with Black Construction to have a new building constructed for $5,120,000 on land owned by Bramble. The payments made by Bramble to Black Construction are shown in the schedule below. Date Amount July 30, 2025 $1,152,000 January 30, 2026 1,920,000 May 30, 2026 2,048,000 Total payments $5,120,000 Construction was completed and the building was ready for occupancy on May 27.2026. Bramble had no new borrowings directly Jssociated with the rew building but had the following debt outstanding at May 31 , 2026, the eid of its fiscal year: 10%, 5-year note payable of $2,560,000, dated April 1. 2022, with interest payable annually on April 1. 12%,10-year bond issue of $3,840,000 sold at par on June 30,2018 , with interest payable annually on June 30 . The new building qualifies for interest capitalization. The effect of capitalizing the interest on the new building, compared with the effect of expensing the interest, is material. (a) Compute the weighted aiverage accurnulated expenditures on Arambie's new building during the capitalization period, Weighted-average accumulated expenditures ___ $

Answers

To compute the weighted average accumulated expenditures on Bramble's new building during the capitalization period, we need to consider the payments made to Black Construction and the timing of these payments.

Using the information provided, we can calculate the weighted average accumulated expenditures as follows:

1. Identify the payments made during the capitalization period:
- July 30, 2025: $1,152,000
- January 30, 2026: $1,920,000
- May 30, 2026: $2,048,000

2. Determine the time-weighted factor for each payment:
The capitalization period starts from June 1, 2025, to May 27, 2026, which is a total of 361 days.

- July 30, 2025: 63 days / 361 days = 0.1745
- January 30, 2026: 244 days / 361 days = 0.6765
- May 30, 2026: 360 days / 361 days = 0.9972

3. Calculate the weighted average accumulated expenditures:
- July 30, 2025: $1,152,000 * 0.1745 = $200,724
- January 30, 2026: $1,920,000 * 0.6765 = $1,299,840
- May 30, 2026: $2,048,000 * 0.9972 = $2,042,496

4. Sum up the weighted amounts:
$200,724 + $1,299,840 + $2,042,496 = $3,542,060

Therefore, the weighted average accumulated expenditures on Bramble's new building during the capitalization period amount to $3,542,060.

Abby Cleaning Services planned to provide cleaning services to 50 customers for $30 per hour during the month. Each job was expected to take 4 hours. The company actually served 5 less customers than expected and spent an average on each job of 4.5 hours. What is Abby Cleaning Services Revenue for the month?