The statement "Investors relied upon financial statements of Enron, that were relevant and reliable" is False.
Investors relied on Enron's financial statements, which were not material and reliable. Enron engaged in fraudulent accounting practices and manipulated its financial statements to hide its true financial condition from investors, regulators, and the public.
Enron used a number of accounting tricks to inflate reported earnings and hide debt, including creating off-balance sheet entities that allowed the company to keep debt and losses on its financial statements. These entities were used to misrepresent Enron's financial condition, leading investors to believe that the company was more profitable and financially stable than it actually was.
Additionally, Enron's accounting firm, Arthur Andersen, failed to identify or report fraudulent accounting practices, further misleading investors and regulators. The accounting firm was later convicted of obstruction of justice for shredding documents related to the Enron audit.
As a result of the Enron fraud, investors lost billions of dollars, and the scandal led to significant changes in accounting and management rules. The importance of accurate and reliable financial reporting was highlighted by the Enron scandal, which demonstrated the significant risks of investing based on misleading or fraudulent financial information. In summary, investors did not trust Enron's accurate and reliable financial statements because the company engaged in fraudulent accounting practices and manipulated its financial statements to hide its true financial position.
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how would i be able to answer this?
a famous comedian says his facorite phone is a iphone so
it increased sales35 percent. Since demand outpaced supply, Apple decided not to sell any more phones unless an additional tablet was purchased. A competitor informed the Office of the Attorney General of this policy, asserting it was illegal.
Explain the legal basis for the complaint and decide which party will prevail.
The legal basis for the complaint is likely a violation of antitrust laws, which is a form of tying, whereby a company requires a customer to purchase one product in order to obtain another product.
The legal complaint against IphoneThe complaint undoubtedly has an antitrust law infringement as its legal foundation. In particular, this might be considered a type of tying, where a business forces a customer to buy one product (in this case, a tablet) in order to get another product (an iPhone). Tying may be prohibited in some situations, especially if it is done to maintain or increase a company's market dominance.
According to the lawsuit, Apple's policy of requiring customers to acquire a tablet before they can purchase an iPhone restricts consumer choice and may provide the company an unfair competitive advantage.
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One column of numbers consists of 33, 58, and 17. When the digits of the
numbers are added together, the result is 3+3+5+8+1+7=27, and when
the digits of 27 are then added together, the end result is 2 + 7 = 9. If the
same process is performed on the numbers in a second column, what can be
concluded?
OA. If the end result from the second column is also 9, then the sum of
the numbers in the first column is not equal to the sum of the
numbers in the second column.
OB. If the end result from the second column is not 9, then the sum of
the numbers in the first column is not equal to the sum of the
numbers in the second column.
OC. If the end result from the second column is not 9, then the sum of
the numbers in the first column is equal to the sum of the
numbers in the second column.
D. If the end result from the second column is also 9, then the sum of
the numbers in the first column is equal to the sum of the numbers
in the second column.
Upholding ethical business principles helps contribute to
Group of answer choices
job security.
strong business relationships.
management philosophy.
sustainable business success.
Upholding ethical business principles helps contribute to (d) sustainable business success.
Ethics and business success are not mutually exclusive, and in fact, ethical practices can help organizations build a positive image and build trust with their stakeholders, leading to increased customer loyalty, employee satisfaction and investor confidence.
When companies act ethically, they are more likely to attract customers who value ethical behavior. In addition, ethical behavior can help organizations build strong relationships with their suppliers, employees and other stakeholders, leading to more efficient business operations.
Ethical behavior can also help organizations reduce the risk of legal and reputational damage, which can be costly and detrimental to business success. By following ethical principles, companies can avoid legal and regulatory sanctions and negative publicity and maintain a positive image in the market. In short, it can be stated that following ethical business principles is essential for sustainable business success. By acting honestly and ethically, organizations can build strong relationships with their stakeholders, attract and retain customers, reduce risk and achieve long-term success.
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Explain how a rise in interest rates could affect the bank overdraft of a business.
Explanation:
Rising interest rates typically make debts more expensive (to acquire and service) while creating higher income for savers (in the form of increased rent income and loan interest income). The rise in interest rates, in general, affects businesses in diverse ways, including a fall in revenue; firms with overdraft obligations will have higher costs since they must now pay more interest to service the debt. It is important to understand the likelihood of what will happen to your business finances in dealing with the potential increase in interest rates
What should be done to remedy the situation in the largest turkey producer, Bernard Matthew, lacks communication skills internal and external ?
Because Bernard Matthew is a well-known brand, people had faith in its quality, which is essential for maintaining the image of the company.
At the point when you don't convey what you are doing during an emergency, individuals will question your activities and that disintegrates the trust. Consequently, public relations is crucial during times of crisis. Bernard Matthew ought to inform the general public and reassure them that nothing will go wrong.
The skills you use to convey various types of information include communication skills. Introducing fresh concepts, emotions, or even an update on your project are examples. Listening, speaking, observing, and empathizing are all components of communication skills.
It is essential to inform the general public and customers of the company's current actions during a crisis. Emergency the board helps in reducing the apprehensions of clients and prevents them from questioning the brand. This keeps the trust of people.
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#2: Muriel Evans writes the following note on the back of an envelope: "I, Manuel Evans, promise to pay Karen Marvin or bearer $100 on demand." Is this a negotiable instrument? Why or why not? Explain your response.
#1: Genix, Inc. has contracted to sell Larson five hundred washing machines of a certain model at list price. Genix is to ship the goods on or before December 1. Genix produces one thousand washing machines of this model but has not yet prepared Larson's shipment. On November 1, Larson repudiates the contract. Discuss the remedies available to Genix in this situation.
(MUST BE 200 WORD RESPONSES)
#2: The note written by Muriel Evans is a negotiable instrument. It is a negotiable instrument that can be transferred or negotiated to another person, who can then enforce the promise to pay.
#1: the available remedies for Genix will depend on the specific terms of the contract and the circumstances of Larson's breach. A legal expert should be consulted to determine the best course of action.
#2: The note written by Muriel Evans is a negotiable instrument. To be considered a negotiable instrument, a written promise or order must meet certain requirements, such as being in writing, signed by the maker or drawer, containing an unconditional promise or order to pay a fixed amount of money, payable on demand or at a definite time, and payable to order or bearer.
The note in question meets these requirements as it is in writing, signed by the maker (Manuel Evans), contains an unconditional promise to pay a fixed amount of money ($100), and is payable on demand to the bearer (Karen Marvin or anyone else who holds the note).
#1: In this situation, Genix, Inc. has several remedies available for Larson's repudiation of the contract. Repudiation occurs when one party indicates to the other that they will not perform their obligations under the contract.
One possible remedy for Genix is to sue for damages. This would involve seeking compensation for any losses or expenses incurred as a result of Larson's breach of contract. In this case, Genix could seek damages for the loss of profit on the 500 washing machines that Larson refused to buy, as well as any additional costs incurred due to the breach.
Another possible remedy is specific performance, which is a court order requiring Larson to fulfill their obligation under the contract by buying the 500 washing machines. This remedy is typically only available in cases where monetary damages are inadequate or impractical, such as when the goods are unique or irreplaceable.
Finally, Genix may also have the right to resell the washing machines to another buyer, and then seek damages from Larson for any losses incurred in the resale, such as a lower sale price or additional expenses incurred in finding a new buyer.
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