BUSINESS COLLEGE

Dennis Kozlowski, John Thain, and Raj Rajaratnam are former CEOs mentioned in the text that have been involved in corporate governance problems to one degree or another. What did Dennis Kozlowski do that was considered inappropriate behavior

Answers

Answer 1
Answer:

Answer:

Dennis Kozlowski was found guilty of grand larceny, falsifying business records, securities fraud, and conspiracy.  He later admitted to have been driven by excessive greed as he overcompensated himself when he served as CEO of Tyco.

Explanation:

Dennis Kozlowski during his crime trial was found to have received "$81 million in unauthorized bonuses, the purchase of art for $14.725 million, and the payment by Tyco of a $20 million investment banking fee to Frank Walsh, a former Tyco director," according to wikipedia.com.

Related Questions

Peak Performance Sporting Goods Company continues to perform well. Company executives credit this to the strong partnerships it enjoys with category killer and large discount chains. Last week Peak Performance reported basic EPS [earnings per share] = $.80/share. If the firm has 4,000,000 shares outstanding, net income after taxes for the same period =
The following assets in Jack’s business were sold in 2020: Asset Holding Period Gain/(Loss) Office equipment 6 years $1,100 Automobile 8 months ($ 800) ABC stock (capital asset) 2 years $1,400 ​ Office equipment, purchased for $8,000, had a zero adjusted basis. The automobile was purchased for $2,000 and sold for $1,200. The ABC stock was purchased for $1,800 and sold for $3,200. In 2020 (the year of sale), Jack should report what amount of net capital gain and net ordinary income?
Sidewinder, Inc., has sales of $714,000, costs of $348,000, depreciation expense of $93,000, interest expense of $58,000, and a tax rate of 25 percent. The firm paid out $88,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)Duela Dent is single and had $180,800 in taxable income. Use the rates from Table 2.3. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)Calculate her income taxes.Prepare a balance sheet for Alaskan Peach Corp. as of December 31, 2019, based on the following information: cash = $203,000; patents and copyrights = $857,000; accounts payable = $286,000; accounts receivable = $263,000; tangible net fixed assets = $5,200,000; inventory = $548,000; notes payable = $179,000; accumulated retained earnings = $4,686,000; long-term debt = $1,150,000. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
Compute the Work-in-Process transferred to the finished goods warehouse on April 30 using the following information: Work-In-Process Inventory, April 30 $275 Direct material purchased during April 250 Work-In-Process Inventory, April 1 300 Direct labor costs incurred 400 Manufacturing overhead costs 350 Direct materials used in production 225
A bailment is different from a gift because:___. a. a gift requires consideration, but a bailment does not. b. a gift is always a contract, but a bailment is generally not a contract. c. a gift requires delivery, but a bailment does not. d. in a bailment, only possession of the property is transferred to the bailee, whereas with a gift, both possession and ownership must pass to the donee.

The balance of stockholders' equity at the beginning of the year and the end of the year was $ 45 comma 000 $45,000 and $ 64 comma 000 $64,000?, respectively. The company issued no common stock during the year. Dividends were $ 25 comma 000 $25,000. What was the net income or loss for the? year? A. Net loss of $ 89 comma 000 $89,000 B. Net income of $ 44 comma 000 $44,000 C. Net income of $ 89 comma 000 $89,000 D. Net loss of $ 44 comma 000 $44,000 Converse Florists? & Co. reported assets of $ 1 comma 100 $1,100 and equity of $ 300 $300. What is its debt? ratio? (Round your percentage answer to two decimal? places.) A. 77.73 77.73%
B. 27.27 27.27%
C. 72.73 72.73%
D. 100.00%

Answers

I believe d would be the answer

Comparing risks of different mutual fund/ETF types. For each pair of funds listed below, select the fund that would be less risky and briefly explain your answer.a. Growth versus growth-and-incomeb. Equity-income versus high-grade corporate bondsc. Intermediate-term bonds versus high-yield municipalsd. International versus balanced

Answers

Answer:

Following are the responses to the given points:

Explanation:

For point a:

The fund would have been less dangerous for sales and profitability. Each reason would be that growth funds only appreciate investment returns. And on the other side, the growth and economy grew yield gains in term both of equity investment returns or dividend/interest payments, that result throughout the investor's reduced risk.

For point b:

High-quality bond funds are far less dangerous. The reason for this is the investment income is subject to risk and depends on the financial performance of the firm and many other external factors, including that of the country's macroeconomic scenario. Besides that, equity investment dividends aren't guaranteed. That bondholders benefit from the strong business credibility as well as the loan repayments on the investments are assured, independent of the company earnings performance.

For point c:

Its municipalities with such a good return would be less harmful. That reason is that such bonds are provided by public authorities (such as municipalities). Even so, these devices cannot obtain a reputation for credit mostly on market. Consequently, until investing in such securities, it is important to take into account credit scores (assigned to such bonds).

For point d:

The equilibrium fund is much less risky. It is because balanced funds participate in various types of financial securities like assets and liabilities. It helps balance the risk linked to stock market fluctuations with fixed liability returns. In contrast, foreign money invests mainly in foreign share trading and is thus exposed to market volatility and rapid share price fluctuations.

Last year, you earned a nominal rate of return of 6.92 percent on your bond investments. During that time, the inflation rate was 2.74 percent. How much did your purchasing power increase (real rate)

Answers

Answer:

Real rate of return=  0.0418 = 4.18%

Explanation:

Giving the following information:

Nominal rate of return= 6.92%

Inflation rate= 2.74%

The inflation rate decreases the purchasing power of nominal money.

To calculate the real rate of return, we need to use the following formula:

Real rate of return= nominal rare of return - inflation rate

Real rate of return= 0.0692 - 0.0274

Real rate of return=  0.0418 = 4.18%

The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.97; actual, $2.05 Yards per unit: standard, 4.67 yards; actual, 5.08 yards Units of production: 9,300 The direct materials quantity variance is a.$7,816.65 favorable b.$7,511.61 favorable c.$7,816.65 unfavorable d.$7,511.61 unfavorable

Answers

Answer:

correct option is d.$7,511.61 unfavorable

Explanation:

given data

standard material cost = $1.97  per yard

Actual material cost = $2.05 per yard

Standard yards  = 4.67 per unit

Actual yards = 5.08 per unit

Units of production = 9300

solution

we get here Direct material quantity variance that is express as

Direct material quantity variance = (Standard quantity - actual quantity) × Standard rate    .....................1

put here value and we will get

Direct material quantity variance  = (9300 ×  4.67 - 9300 × 5.08) × 1.97

Direct material quantity variance  = −7511.61

so correct option is d.$7,511.61 unfavorable

An investor can make an investment in a real estate development and receive an expected cash return of $45,000 at the end of six years. Based on a careful study of other investment alternatives, she believes that a 9 percent annual return compounded quarterly is a reasonable return to earn on this investment. How much should she pay for it today?

Answers

Answer:

FV= 45,000

I= 9/4=2.25

N=6*4=24

PMT=0

PV=?

Put these in financial calculator

$26,381 is what she should pay for the investment today.

Explanation:

When the seller does not give the buyer instructions concerning the disposal of the goods upon rejection and whether the goods are not perishable, the buyer: A. can resell the goods for the seller, but cannot keep a commission on the sale.
B. cannot reship them to the seller without the seller's instructions.
C. can resell them for the buyer's benefit.
D.can give reasonable time for the seller to reclaim the goods

Answers

Answer:

D

Explanation:

the buyer can give reasonable time for the seller to reclaim the goods and made a possible cure for the defective delivery.
Other Questions
FFDP Corp. has yearly sales of $29.8 million and costs of $15.5 million. The company’s balance sheet shows debt of $55.8 million and cash of $39.8 million. There are 1,960,000 shares outstanding and the industry EV/EBITDA multiple is 9.3. What is the company’s enterprise value? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) What is the stock price per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Rory is the CFO of McIlroy Golf Designs Inc. MGDI earned $13 million last year and maintains a 30% dividend payout ratio. The company has 2 million shares of common stock outstanding and a P/E ratio of 10. What is the price per share of MGDI's stock
Determining opportunity cost Juanita is deciding whether to buy a dress that she wants, as well as where to buy it. Three stores carry the same dress, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $102 for the dress: Store Travel Time Each Way Price of a Dress (Minutes) (Dollars per dress) Local Department Store 15 102 Across Town 30 87 Neighboring City 60 63 Juanita makes $58 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $58 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location.Store Opportunity Cost of Time Price of a Suit Total Cost(Dollars) (Dollars per suit) (Dollars)Local Department Store 103 Across Town 88 Neighboring City 63 Assume that Juanita takes opportunity costs and the price of the suit into consideration when she shops. Juanita will minimize the cost of the suit if she buys it from the:______. .
Scuba Diving. Marcy invented a new type of mask for scuba divers that was not subject to fogging. She agrees to allow Jenny to manufacture and sell the mask. She receives a sum of money for every mask that Jenny sells. Similarly, Marcy entered into an agreement with Frank to allow him to sell the masks, but only if he also purchased non-patented diving suits from Marcy. All parties proceeded to do very well with their sales. Which of the following describes the agreement between Marcy and Frank?1)It is a legal tying arrangement.2)It is a legal cross-licensing agreement.3)It is an illegal tying arrangement.4)It is an illegal cross-licensing agreement.5)It is both a legal tying and a legal cross-licensing agreement.