Consider the following situations for Shocker: 1. On November 28, 2024, Shocker received a $2,400 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue was credited on November 28. 2. On December 1, 2024, the company paid a local radio station $2,280 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid Advertising was debited on December 1. 3. Employee salaries for the month of December totaling $6,600 will be paid on January 7, 2025. 4. On August 31, 2024, Shocker borrowed $56,000 from a local bank. A note was signed with principal and 6% interest to be paid on August 31, 2025 Required: Indicate by how much the assets, liabilities, and stockholders' equity in the December 31, 2024, balance sheet is higher or lower if the adjusting entry is not recorded. (If none of the categories apply for a particular item, leave the cell blank.) Assets = Liabilities + Stockholders' Equity 1. _______ = _________ + _________
2. _______ = _________ + _________
3. _______ = _________ + _________
4. _______ = _________ + _________
Total _______ = _________ + _________
Answers
Assets are overstated by $2,400; liabilities are overstated by $2,400; stockholders' equity is unchanged.
Assets = $2,400 Deferred Revenue
Liabilities = $2,400 Deferred Revenue
Stockholders' Equity = No change
Assets are understated by $1,520; liabilities are unchanged; stockholders' equity is understated by $1,520.
Assets = $760 Prepaid Advertising
Liabilities = No change
Stockholders' Equity = ($760) Retained Earnings
Assets are unchanged; liabilities are understated by $6,600; stockholders' equity is unchanged.
Assets = No change
Liabilities = ($6,600) Accrued Salaries
Stockholders' Equity = No change
Assets are overstated by $1,680; liabilities are understated by $56,000; stockholders' equity is unchanged.
Assets = $1,680 Interest Receivable
Liabilities = ($56,000) Notes Payable
Stockholders' Equity = No change
Total: Assets are overstated by $240; liabilities are understated by $60,000; stockholders' equity is understated by $1,520.
Assets = $4,840
Liabilities = ($60,000)
Stockholders' Equity = ($1,520)
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Related Questions
Who do you think mergers help the most, consumers or the businesses that merge?
Answers
Mergers may improve product quality, which benefits consumers. For example, the merger of two start-up software companies could result in better quality products and faster time-to-market as the merged entity takes advantage of the research capabilities and facilities of their legacy companies.
What is the role of the third part in mediation?
A. Adversary
B.Advocate
C.Friend
D.Facilitator
Answers
Answer:
b
Explanation:
Answer:
facilitator
Explanation:
In a bad economical crisis what are ways to overcome
Answers
Answer:
figure out different ways to invest and save your money maybe buy cheaper but good quality products
Explanation:
cause i said so
Answer:
Maximize Your Liquid Savings. ...
Make a Budget. ...
Prepare to Minimize Your Monthly Bills. ...
Closely Manage Your Bills. ...
Take Stock of Your Non-Cash Assets and Maximize Their Value. ...
Pay Down Your Credit Card Debt.
Explanation:
What is Reilly’s law of retail gravitation imply for services
location?
What is the "tripod model"? How does it suggest pricing be
done?
What is a rate "fence"? Give an example. How should t
Answers
Reilly’s law of retail gravitation is used in retail analytics for finding out which city is likely to be the retail center for two cities. According to Reilly, a consumer will be attracted to larger cities for their shopping and buying experience.Reilly’s Law of Retail Gravitation is explained in the following manner: The attraction of two cities is directly proportional to the population of each city, and inversely proportional to the distance between them.
It basically states that large cities have greater attraction for shoppers because they offer more services, have a wider range of products, and enjoy higher visibility and traffic. Smaller cities have a lower degree of attraction as a result.The “tripod model” is a retailing concept that includes three interlocking components, namely: Merchandise, Place, and Price. The Merchandise component involves the retailer's decision on what items to sell and how to differentiate themselves from their competition. The Place component of the model describes the way in which a retailer will display its products and the convenience with which it can be accessed. The Price component of the model involves setting prices for goods or services in a way that will entice customers while also maximizing profits.Rate "fencing" refers to the practice of separating customer groups with different levels of willingness to pay by offering different rates to different groups. For example, airline companies use rate fences to charge different prices to different customers, depending on the time of booking, the route of travel, and the level of service required. This is done to encourage people to pay a higher price for their flight if they have the means to do so, and to ensure that the airline is making the most money possible from each passenger.
In conclusion, Reilly’s law of retail gravitation implies that the location of services needs to be carefully chosen to maximize the level of attraction for consumers. The "tripod model" suggests that pricing should be done in a way that maximizes profit while also appealing to customers, and rate fencing is a common practice in industries like airline travel to help ensure that companies are making as much money as possible.
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A study has found, among 100 students at a school, that enrollment in drama classes is correlated with high rates of participation in social-
service projects. What can we conclude from this correlation for this population?
O Both of the above
O Neither of the above.
O Drama classes cause increased volunteerism
Volunteering causes interest in drama,
Answers
Explanation:
Correlation does not lead to causation, no matter how strong the correlation may be. You'll need to do an experiment to see if one variable causes the other. There may be other factors that aren't being considered here. We consider these confounding variables.
An example of correlation doesn't lead to causation could be this: In the summertime, ice cream sales increase and the amount of sunburns increase. Both ice cream sales and sunburns are strongly positively correlated. Does eating ice cream cause a sunburn? The answer is "no" because clearly the sun is responsible for that. So the sun would be the confounding variable here. Specifically, the amount of sunlight exposure would be key here.
all of the following are cost savings enjoyed by shoppers online except ________.
Answers
Cost savings enjoyed by online shoppers except shipping costs
Some of the cost savings enjoyed by online shoppers are:
No transportation costs: Shoppers can save on transportation costs as they do not need to make a physical trip to the store or shopping center.Lower prices: Online retailers may offer lower prices than physical stores because they have lower overhead costs, such as rent and staffing.Access to offers and discounts: Online shoppers can easily compare prices across multiple retailers, take advantage of coupons, and participate in loyalty programs to save money.No sales tax: Depending on location, online shoppers may not have to pay sales tax on their purchases, which can result in significant savings.No impulse purchases: Online shopping can help consumers avoid impulse purchases, which can add up quickly in physical stores.Hence, the cost savings enjoyed by online shoppers except for shipping costs
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which implication for action for savvy managers emerges from this case study? a. in international trade, the savvy manager's number-one job is to leverage comparative advantage of world-class locations. b. managers must be politically active to demonstrate, safeguard, and advance the gains from trade and pay attention to the pains from trade. c. managers must constantly monitor and nurture the current comparative advantage of a location and take advantage of new promising locations. d. savvy managers understand that successful exports are valuable, unique, and hard-to-imitate products generated by certain firms from a nation.
Answers
Savvy managers should prioritize leveraging comparative advantage, remain politically active, monitor and nurture current advantages, and focus on unique and valuable exports.
From this case study, several implications for action can be derived for savvy managers. Firstly, the savvy manager's number-one job in international trade is to leverage the comparative advantage of world-class locations.
This means identifying and capitalizing on the strengths and resources that a particular location offers, such as skilled labor, infrastructure, or access to key markets.
By understanding and utilizing these advantages, managers can maximize their competitiveness in the global marketplace.
Secondly, managers must be politically active and engage in activities that demonstrate, safeguard, and advance the gains from trade while addressing the potential pains.
This involves staying informed about trade policies, regulations, and agreements, and actively participating in advocacy efforts to protect and promote their organization's interests.
Furthermore, savvy managers must constantly monitor and nurture the current comparative advantage of a location, while also keeping an eye on new promising locations.
Economic conditions, market dynamics, and technological advancements can shift the comparative advantage of different regions over time. Managers need to adapt and seize opportunities in new locations that may offer better prospects for growth and profitability.
Lastly, savvy managers understand that successful exports are valuable, unique, and hard-to-imitate products generated by certain firms from a nation.
They focus on developing and promoting such products that differentiate themselves from competitors, creating a competitive edge in the international market.
In conclusion, savvy managers should prioritize leveraging comparative advantage, remain politically active, monitor and nurture current advantages, and focus on unique and valuable exports.
By adopting these strategies, managers can effectively navigate the complexities of international trade and drive success for their organizations.
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One major goal in the study of economics is to eliminate scarcity from society True or False
Answers
"One major goal in the study of economics is to eliminate scarcity from society" is False because Scarcity is a natural and unavoidable part of any economy.
Scarcity is a natural and unavoidable part of any economy. It occurs when the amount of resources available is less than the amount of resources that are desired or needed. The study of economics focuses on understanding how resources are used efficiently to achieve the greatest benefit for the greatest number of people, while managing the limited resources available.
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How would an electronic transfer to someone else be recorded in your transaction register or on your mobile banking app?
Answers
Answer:
a completed transaction
Explanation:
This would be recorded as a completed transaction in your mobile banking app transaction history. It would display as completed when the money is deducted from your account. If you click on that transaction in the transaction history it will open it up and display the recipient's name, account number, date it was sent, and total amount including taxes and fees detailed out. This transaction information can be accessed at any time and even has a transaction ID number.
Which of the following is not a step in the marketing research process?
O a. Estimate sales
O b. Interpret the information
O c. Make a preliminary investigation
O d. Gather factual information
Answers
The correct answer is option (a) Estimate sales.
The practice of assessing the viability of a new good or service through interviews with prospective customers is known as market research. With the aid of this technique, businesses and organizations may identify their target market, gather and record customer feedback, and arrive at well-informed conclusions.
In a marketing research process, it includes only the steps involving the study of the market and interpreting information based on that.
In the given question, a market research process always includes the steps like gathering factual information, making a preliminary investigation and interpreting the information that was achieved through the market study. But, in a market research process, there is no work of sale estimation. Sales estimation is an end process and marketing research is a beginning process. Sales value may fluctuate and to derive a correct sales estimation, there needs to be a proper marketing research.
Therefore, estimating sales is not a part of a marketing process, hence, option (a) is the correct answer for this question.
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All of us must make decisions based on opportunity costs every day. What are five decisions based on opportunity costs that you commonly make? Explain and discuss.
Answers
A student spends three hours and $20 at the movies the night before a test. The opportunity cost includes both the time spent learning and decisions the money that could have been spent elsewhere.
A farmer decides to plant wheat; the opportunity cost is planting a different crop or using the resources in another way . Because of scarcity, whenever we do one thing, we must necessarily forego doing something else decisions valuable. So everything we do has an opportunity cost, and that cost is stated in terms of the most valuable option that is forfeited. Many areas of life decisions involve opportunity cost.
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I know this is impossible but can you guys help? Doesn’t have to use fancy words and doesn’t have to be long, I’m not English native speaker but I have to
Don’t use all the words if it’s too difficult
Answers
Answer:
sorry I didn't see your question
Explanation:
very very sorry for my information
What type of transactions should be recorded in the Payment, Fee, Withdrawal column
of your check register?
Answers
Starbucks created the Starbucks College Achievement Plan that offers eligible
employees full tuition to earn a Bachelor's degree in partnership with Arizona State
University. This action represents the
dimension of social responsibility.
Answers
The aforementioned action represents the philanthropic activities dimension of social responsibility.
What is CSR?CSR is abbreviation for corporate social responsibility and it can be defined as a business organization's (company's) obligation to act in a manner that benefits and adds significant value to the society and the people living in the environment where it operates, and usually as it conduct its business operations.
Basically, corporate social responsibility (CSR) is typically focused on improving the society through any positive and beneficial means possible.
Corporate social responsibility requirements stages.Generally speaking, there are four different corporate social responsibility requirements stages and these include the following:
Financial and economic viability.Compliance with legal and regulatory requirements.Ethics, principles, and values.Philanthropic activities such as offering eligible employees full tuition, in order to enable them a Bachelor's degree.In this context, we can reasonably infer and logically deduce that the aforementioned action represents the philanthropic activities dimension of social responsibility.
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Lisa just got a new job with a major company. Her job description consists of creating brochures, sketching billboard advertisements, and maintaining the company website. Which marketing position does this describe?
Answers
Based on the job description provided, Lisa's new position can be described as a graphic designer/marketing specialist.
Her main responsibilities include creating visually appealing brochures and billboard advertisements, which are important marketing tools used to promote the company's products or services. In addition to this, she is also responsible for maintaining the company's website, which is an essential aspect of digital marketing.
As a graphic designer, Lisa will be expected to have a good eye for design and possess excellent technical skills to create high-quality marketing materials. She will need to be proficient in graphic design software such as Adobe Photoshop, Illustrator, and InDesign. Additionally, she must be able to work collaboratively with other team members such as copywriters, web developers, and marketing managers to ensure that her designs align with the company's overall marketing strategy.
Overall, Lisa's new position is an important one in the company's marketing team. Her skills as a graphic designer will be essential in creating eye-catching marketing materials that will help to promote the company's brand and increase its visibility in the market. Her role as a marketing specialist will ensure that the company's website is up-to-date and reflects the latest trends and best practices in digital marketing.
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Which person would NOT be included in the civilian labor force?
Select one:
A government employee who works in Indiana.
An army general who works in Washington, D.C.
An accountant who works on contract.
A sixteen-year-old customer service representative.
Answers
The correct answer is OPTION B, An army general who works in Washington, D.C is not included in civilian labor force.
The civilian population of the United States that is either employed or unemployed is referred to as the "civilian labor force" by the Bureau of Labor Statistics. This phrase is used to define the civilian population of the United States. In the context of "civilian labor force," the terms "military personnel," "federal government employees," "retirees," "disabled or discouraged workers," and "farm labourers" are not considered to be part of the "civilian labor force." Options A, C, and D are considered to be part of the civilian labor force in this scenario, however Option B is not included.
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Please help I don’t understand 100 points
3. Prepare a T account for each transaction. Label the account title for each account affected. Use the chart of accounts you created in Question 1. Write the debit and credit amounts for each T account to show how the accounts are affected. The first one is done for you.
a. Start Microsoft Excel, and open the BUS113_03_05.xlsx file from C:\ACTT1\Data\Unit_3.
b. Click the File tab, and click Save As. Save the file to C:\ACTT1\Student\Unit_3.
c. Received cash from owner, Roger Fisher, as an investment, $10,000.00.
d. Paid cash for insurance, $2,400.00.
e. Bought supplies on account from Boats Wholesale, $1,500.00.
f. Sold services on account to Salmon Slayers, $600.00.
g. Paid cash for fuel, $500.00.
h. Paid cash to owner, Roger Fisher, for personal use, $1,250.00.
i. Save and close the spreadsheet.
j. Submit your file to your instructor for grading.
Answers
The preparation of a T-account for each transaction is as follows:
CashAccount Titles Debit Credit
c. Capital, Roger Fisher $10,000
d. Insurance Expenses 2,400
g. Fuel Expenses 500
h. Withdrawal, Roger Fisher 1,250
Capital, Roger FisherAccount Titles Debit Credit
c. . Cash $10,000
Insurance ExpensesAccount Titles Debit Credit
d. Cash $2,400
SuppliesAccount Titles Debit Credit
e. Accounts Payable (Boats
Wholesale) $1,500
Accounts PayableAccount Titles Debit Credit
e. Supplies $1,500
Accounts ReceivableAccount Titles Debit Credit
f. Services Revenue $600
Services RevenueAccount Titles Debit Credit
f. Accounts Receivable $600
Fuel ExpensesAccount Titles Debit Credit
g. Cash $500
Withdrawals, Roger FisherAccount Titles Debit Credit
h. Cash $1,250
What is a T-account?A T-account is an informal accounting term that describes a ledger account used to post business transactions after being recorded in journals.
T-accounts subsist on the double-entry system of accounting where a transaction has debit and credit aspects.
Transaction Analysis:c. Cash $10,000 Capital, Roger Fisher $10,000
d. Insurance expenses $2,400 Cash $2,400
e. Supplies $1,500 Accounts Payable (Boats Wholesale) $1,500
f. Accounts Receivable (Salmon Slayers) $600 Services Revenue $600
g. Fuel $500 Cash $500
h. Withdrawal, Roger Fisher $1,250 Cash $1,250
Thus, the transactions from c to h have been recorded in their T-accounts.
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Which are the greater predictors of personal and professional success?.
Answers
The greater predictors of personal and professional success include emotional intelligence, growth mindset, and resilience.
Why is this the case?Emotional intelligence (EQ) plays a crucial role in interpersonal relationships, as it helps individuals understand, manage, and express their emotions effectively.
A growth mindset encourages continuous learning and improvement, enabling individuals to adapt to new challenges and opportunities.
Resilience is the ability to bounce back from setbacks and maintain focus on long-term goals.
Together, these three factors contribute significantly to achieving success in personal and professional domains, as they foster adaptability, perseverance, and effective communication.
Hence, these factors are the greater predictors of personal and professional success.
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Payoffs represent profits in millions of dollars. In this simultaneous game, tristar and new line cinema both decide the genre of their summer movie release. Tristar prefers to release a superhero movie and new line cinema releases a comedy. Tristar enters into an irrevocable contract that will provide penalty payments to theater chains if it releases a summer comedy. These penalty payments serve as a credible commitment to tristar's desire to release a superhero movie. How large do these penalty payments have to be to convince new line cinema that tristar will release a superhero movie? less than $95 million between $1 million and $5 million greater than $5 million at least $90 million
Answers
Profits in the millions of dollars are represented by payoffs. These penalty payments must be made in order to persuade New Line Cinema that Tristar will release a superhero film for more than $5 million.
The net payoff is the profit or loss from the sale of an item or service after deducting the costs of selling it, any additional costs associated with the asset or experienced over the asset's life, and any associated accounting losses.
The payoff at expiration is the dollar amount received by the investor at the end of the option strategy. The payoff minus the cost of setting up the strategy equals the profit at expiration.
Hence, the correct answer is "Second" option.
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Which type of insurance covers preventive care and medical treatment?
Answers
what are the positive impacts of Title VII of the Civil Rights Act of 1964 on US companies. How did this historic change in US law benefit companies?
Answers
Answer:
The Civil Rights Act of 1964 hastened the end of legal Jim Crow. It secured African Americans equal access to restaurants, transportation, and other public facilities. It enabled blacks, women, and other minorities to break down barriers in the workplace.
Explanation:
Question 4 Lauren McMann is an advanced mountaineer and outdoor adventure specialist. In 2021, a headhunting firm connected her with Whitehorse Expeditions Ltd (WEL) a public Ca Other information rele
Answers
Lauren received compensation of $18,550 and low interest rate of $4950.
Lauren experienced a loss on the sale of her home:
Proceeds from sale: $345,400 (Given)
Original cost: $382,500 (Given)
Loss on the sale: ($37,100) (Given)
WEL agreed to compensate Lauren for one-half of the loss amount.
Compensation = 1/2 * Loss on sale
= 1/2 * ($37,100)
= $18,550
Therefore, the compensation amount received by Lauren is $18,550.
Loan amount: $180,000
Actual interest rate: 0.75%
Prescribed interest rate: 1% (assumed for all of 2021)
Interest rate difference = Prescribed interest rate - Actual interest rate
= 1% - 0.75%
= 0.25%
Taxable benefit = Interest rate difference * Loan amount * Number of months (From 1 Feb to 31 Dec)
Taxable benefit = 0.25% * $180,000 * 11
= $4950
Therefore, the low interest loan benefit is $4950.
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The complete question is:
Lauren McMann is an advanced mountaineer and outdoor adventure specialist. In 2021, a headhunting firm connected her with Whitehorse Expeditions Ltd (WEL) a public Ca Other information relevant to 2021:
Lauren put her house on the market on January 5, 2021, and at the urging of the listing agent, she accepted an offer resulting in a loss on this property. WEL agreed to compensate her for one-half of any loss on the sale of her home. The payment was made on May 30, 2021.
Proceeds from sale of home = 345,400
Original home cost = 382,500
Gain (Loss) = (37,100)
In order to help Lauren with the purchase of her new townhouse, WEL provided her with a $180,000, 0.75% housing loan. The funds are provided to Lauren on February 1, 2021. Assume that the prescribed rate for all of 2021 is 1 percent. Use the number months to calculate the low interest loan benefit.
Bridgett received her bank statement with a previous balance of $181.36. Total deposits were $475.00. Total checks written were $165.25. The service charge was $7.00. How much money does Bridget have in her checking account?
Your answer:
-$121.39
$484.11
$491.11
Answers
Answer:
$484.11
Explanation:
Calculation to determine How much money does Bridget have in her checking account?
Previous balance of $181.36
Add Total deposits $475.00
Less Total checks written $165.25
Less service charge $7.00
Checking account balance $484.11
Therefore How much money does Bridget have in her checking account is $484.11
When Jaclyn selects a case of Sprite at the grocery store for her party, she is attracted by the holiday-themed box featuring green and white bells. What Jaclyn is seeing is referred to as the secondary package. True or False
Answers
When Jaclyn sees the holiday-themed box featuring green and white bells at the grocery store, what she is seeing is indeed referred to as the secondary package. It plays a crucial role in attracting customers, promoting the product, and creating a visually appealing presentation while the primary package ensures the protection and containment of the individual bottles of Sprite inside.
In the context of product packaging, primary packaging refers to the immediate layer of packaging that comes into direct contact with the product. It is designed to protect the product and maintain its integrity. For example, the primary package for a bottle of soda like Sprite would be the individual bottles themselves. They serve as the first level of packaging that contains and safeguards the product.
On the other hand, secondary packaging refers to the outer layer of packaging that holds the primary packages together. It is not in direct contact with the product but serves various purposes such as branding, marketing, and providing additional information about the product. Secondary packaging is often used to enhance the visual appeal of the product, attract customers, and convey specific messages related to promotions, seasons, or events.
In Jaclyn's case, she is attracted to a holiday-themed box featuring green and white bells. This holiday-themed box is the secondary package because it serves as an outer layer of packaging that holds the primary packages of Sprite together. The primary packages, in this case, would be the individual bottles of Sprite inside the holiday-themed box. The purpose of the secondary package is to catch the customer's attention, create a festive atmosphere, and promote the product during the holiday season.
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Why are the incoming mails registered in the office? Give reasons,
Answers
Answer:
because they send the mail to you as it enter the mail or mailbox is a delivery
most of the revenue that magazine companies generate comes from what?
A.subscriptions from readers
B.publishing content articles
C.selling space to advertisers
D.store and newsstand sales
Answers
Answer:
C.selling space to advertisers
Explanation:
Selling advertising space to advertisers is one of the oldest ways that magazines have been using to generate revenue. To date, advertising still accounts for a massive percentage of revenues for magazines. Despite the emergence of other revenue streams for magazines, such as subscriptions, advertisers are still the biggest revenue source. Up to 59.5% of magazine revenue is through the sales of selling space to advertisers.
Answer:
C
Explanation:
PLZ HELP
How are budgets different from other financial statements?
1. Budgets must be stored in a safe deposit box.
2. Budgets are available at any financial institution.
3. Budgets focus on future spending.
4. Budgets include details from past accounts.
Answers
Budgets are estimates prepared for a future period of time based on past information. Hence, Option 3 is the correct statement.
What do you mean by Budget?A budget is an estimate of revenue and expenses for a given future period of time that is typically compiled and re-evaluated on a regular basis.
Thus, Budgets are estimates prepared for a future period of time based on past spending activity. Hence, Option 3 is the correct statement.
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the phase of the business cycle in which real gdp declines is called: group of answer choices a recession. the trough. an expansion. the peak.
Answers
The correct answer is "a recession." The phase of the business cycle in which real GDP declines is referred to as a recession.
During a recession, economic activity contracts, leading to a decrease in output, employment, and income. It is characterized by a sustained period of economic decline and is typically accompanied by factors such as reduced consumer spending, decreased investment, and a slowdown in business activity. The opposite phase, in which real GDP increases, is called an expansion. The trough represents the lowest point of the recession, while the peak is the highest point of the expansion.
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You are considering buying a share of stock in a firm that has the following two possible payoffs with the corresponding probability of occurring. The stock has a purchase price of $15.00. You forecast that there is a 40% chance that the stock will sell for $30.00 at the end of one year. The alternative expectation is that there is a 60% chance that the stock will sell for $10.00 at the end of one year. What is the expected percentage one−year return on this stock, and what is the return standard deviation?
Answers
Answer and Explanation:
The computation is shown below;
Purchase price = $15.00
Forecasted price of $30.00 with probability of 40%:
Now
Rate of Return = (Selling Price - Purchase Price) ÷ Purchase Price
= ($30.00 - $15.00) ÷ $15.00
= 100.00%
And,
Forecasted price of $10.00 with probability of 60%:
Now
Rate of Return = (Selling Price - Purchase Price) ÷ Purchase Price
= ($10.00 - $15.00) ÷ $15.00
= -33.33%
Now
Expected Return = 0.40 × 1.0000 + 0.60 × (-0.3333)
= 0.20 or 20.00%
and,
Variance = 0.40 ×(1.00 - 0.200)^2 + 0.60 × (-0.3333 - 0.200)^2
= 0.426645
Finally
Standard Deviation = (0.426645)^(1 ÷ 2)
= 0.6532 or 65.32%
The Foreign Corrupt Practices Act (FCPA) makes it illegal for US citizens to bribe high ranking foreign officials to get new business.
Answers
The Foreign Corrupt Practices Act (FCPA) makes it illegal for US residents to pay high-ranking foreign officials in order to gain new business. A violation can carry a criminal sentence of up to five years in jail. A violation is a felony since it carries a sentence of more than a year in jail.
The traditional definition of a crime is a felony, however a misdemeanour is seen as a less serious criminal. Under English common law, a crime was referred to as a "felony" (from the French term "félonie") if it resulted in the confiscation of a defendant's property and the potential of additional punishments, including the death penalty. Minor crimes were referred to as misdemeanours. According to all federal and state laws, a crime in the United States is often categorised as a violation, a misdemeanour, or a felony depending on how serious it is. A felony is a serious offence that carries a penalty of more than one year in jail.
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Complete Question:
The Foreign Corrupt Practices Act (FCPA) makes it illegal for US citizens to bribe high ranking foreign officials to get new business. A violation can have a criminal penalty that involves up to five years in prison. The fact that one could be punished by over a year in prison makes a violation: