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Suppose Profit and Loss Inc is a publicly traded corporation that was chartered in Delaware in 2003. Imagine that it specializes in the production of computer hardware, and that its corporate culture involved the use of an aggressive valuation/accounting procedure (computer simulation) to report financial transactions in its income statement. Its reserves constitute a substantial amount of estimated revenue and its auditing firm, Pitt and Bull (headquartered in America), partly consented to its aggressive accounting style in 2003. Pitt and Bull dislikes accounting procedures that are based on simulations, but prefers the conservative acquisition-sale variety. In 2004, Pitt and Bull therefore advised Profit and Loss Inc not to use simulations to report its earnings to the SEC and the investing public.For two consecutive years the reported annual revenue of Profit and Loss Inc (on its Form 10-K) to the SEC increased astronomically, but the supposed earnings were retained for future growth or reinvestment. In the third quarter of the second year (2005), Pitt and Bull advised Profit and Loss to make public disclosure of its accounting procedures. Profit and Loss Inc subsequently disclosed its accounting procedures to some investors, who reacted appropriately to the disclosure. In the first quarter of the third year (2006), Profit and Loss Inc reported a precipitous net loss to the SEC in its Form 10-Q.Company employees were instantaneously prevented from selling their shares and the loss of revenue adversely wiped out their retirement funds or life-time saving. The loss to the investing public is immeasurable. The SEC became concerned about the situation and notified Profit and Loss and Pitt and Bull of an impending inquiry. Pitt and Bull got very upset with Profit and Loss Inc for what it felt might be, but not necessarily a failure to comply with SEC regulation and professional advice. It therefore turned over all the accounting documents and files of Profit and Loss to the SEC and relocated to London.
Identify and discuss the evidence of white collar crime in this case, if any.Are there social and economic dimensions to crime in this case? Why?
As you start your research, you realize your company would make a significant profit from doing business in China.
Illustrate the economy's adjustment to its long run equilibrium only, as the formerly dislocated (and now retrained) labour force is finding employment in new industries.
When price is greater than average variable cost but less than average total cost at the profit-maximizing level of output, a firm should continue to produce the level of output at which marginal revenue equals marginal cost.
Illustrate what is the relationship among the variable selected and the economy. What trends do you see in the data sets.
Explain how an individual's Demand curve for medical care will change (i.e., shift) if the following things happen (consider each change individually, holding all other possible influences constant.
Illustrate what is the internal rate of return for the college investment that this person faces. Write out the equation used to evaluate the net benefit.
Monetary expansion causes the present account balance to increase in the short run. Describe this statement. Is the same true for fiscal expansion.
The rule established by the Hadley case is "when damages are awarded, compensation can only be awarded for injuries that the defendant could reasonably have forseen as a probable result of the usual course of events following a breach."
Fiscal policy also decrease the dollar like monetary policy.
Each day millions of Americans purchase millions of goods andservices. These goods are services are generally readilyavailable, as long as you have the necessary money to purchasethem. How is it possible for all of these goods and services
Dicuss should the government subsidize alternative fuel options given all you have learned about the growth? Give special thought to following two statements;
A clinic finds that by eliminating appointments it can reduce costs. The clinic is able to eliminate some telephone staff, and physicians become more productive. Patients wait until the physician is available, so there is virtually no down time. D..
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