You are having lunch with another student. during the course of your conversation, you tell your friend about your new fraud examination class. after you explain the devastating impact of fraud on businesses today, she questions how people can commit so much fraud given the advances in technology over the past several years. advances in technology have resulted in a significant reduction in the size and frequency of frauds in recent years.
a. true
b. false

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400