Business, 10.09.2019 03:30 ttandkk

Arecent new york times article about bernard madoff and his illegal ponzi scheme stated, "when money goes global, fraud does too." although the goal of investors who trusted madoff's investment company was to earn the highest return possible on their investments, they turned a blind-eye toward the fact that some of those returns were too good to be true. individual investors, companies, and even charities lost large sums of money by investing with madoff's company. which of the following statements relates to this story?
a. the unethical behavior of one company had a worldwide ripple effect that can impact the well being of an economy.
b. too much regulation caused the capitalistic nature of mr. madoff's business model to fail.
c. people lost money because of the fluctuations in world trading currencies, questioning the legitimacy of trading abroad.
d. investors did not sign contracts with mr. madoff's company. the government can only protect individuals and companies who sign enforceable contracts.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 10:00

Frolic corporation has budgeted sales and production over the next quarter as follows. the company has 4100 units of product on hand at july 1. 10% of the next months sales in units should be on hand at the end of each month. october sales are expected to be 72000 units. budgeted sales for september would be: july august september sales in units 41,500 53,500 ? production in units 45,700 53,800 58,150

Answers: 3

Answer

Business, 22.06.2019 10:30

How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.

Answers: 1

Answer

Business, 22.06.2019 14:10

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

Answers: 1

Answer

Business, 22.06.2019 18:00

Interpreting the income tax expense footnote the income tax footnote to the financial statements of fedex corporation follows. the components of the provision for income taxes for the years ended may 31 were as follows: ($ millions) 2010 2009 2008 current provision domestic federal $ 36 $ (35) $ 514 state and local 54 18 74 foreign 207 214 242 297 197 830 deferred provisions (benefit) domestic federal 408 327 31 state and local 15 48 (2) foreign (10) 7 32 413 382 61 provision for income taxes $ 710 $ 579 $ 891 (a)what is the amount of income tax expense reported in fedex's 2010, 2009, and 2008 income statements?

Answers: 2

Answer

You know the right answer?

Arecent new york times article about bernard madoff and his illegal ponzi scheme stated, "when money...

Questions