Bugle Corp. approved a plan of merger with Stanley Corp. One of the determining factors in approving the merger was the strong financial statements of Stanley which were audited by Dennis & Co., CPAs. Bugle had engaged Dennis to audit Stanley's financial statements. While performing the audit, Dennis failed to discover certain instances of fraud which have subsequently caused Bugle to suffer substantial losses. In order for Dennis to be liable under common law, Bugle, at a minimum, must prove that Dennis:



Failed to exercise due care.



Acted recklessly or with lack of reasonable grounds for belief.



Was grossly negligent.



Knew of the instances of fraud.

Answers

Answer 1

Answer:

A). Failed to exercise due care.

Explanation:

As per the given details, Bugle Corp. needs to prove that Dennis & Co. failed to exert the required care which it was supposed to exercise while auditing the financial statements of Stanley Corp. This failure led Bugle Corp. to suffer major losses and thus, they must be accountable for this loss under the general law as they ignored the potential hazards. Legally, this is unlawful as they were expected to ensure that these hazards must have addressed and told Bugle Corp. on time but since they failed, they are guilty of the crime. Hence, option A is the correct answer.


Related Questions

Which of the following management orientations holds that each country in a global marketplace is unique?

A. Ethnocentric orientation

B. Polycentric orientation

C. Regiocentric orientation

D. Geocentric orientation

Answers

The answer Is B! Good luck

what is 1635436743 times 76354

Answers

Answer:

1.2487214e+14

Explanation:

Tony is facing a financial crisis in his business. Instead of applying for a loan from a commercial bank, he takes a loan from the cooperative that he partly owns with some of his friends. This cooperative acts as a depository institution where all the members deposit their savings on a higher interest rate than that offered by commercial banks. Being a member of this cooperative, he gets the advantage of being charged lower interest rate on his loan. Based on the information given in the scenario, the cooperative owned by Tony and his friends exemplifies a(n) _____.

Answers

Answer:

credit union

Explanation:

A credit union can be regarded as

not-for-profit financial institution which is under control of the members who has money deposited in it. It doesn't maximize profit but rather give back favorable interest rates to it's members as profit.

If the Mayo Clinic wants better integrate technology to improve its customer care, what type of group or team should it implemented

Answers

Answer: cross functional team.

Explanation:

For Mayo Clinic to better integrate technology in order to improve its customer care, a cross functional team should be implemented.

A cross-functional team simply refers to a group of people that possess functional expertise which are quite different but are working toward thesame goal. It is usually made up of every workers in the departments of an organization working towards the achivement of organization goals.

Using tools, operating vehicles, and repairing equipment all involve working with _____.


people

data

things

none of the above

Answers

Answer:

things.

Explanation:

Using tools, operating vehicles, and repairing equipment all involve working with things.

Things is the answer I think

DUE TODAY PLZ HELP

Consumer research should include information about the general habits of travelers.


True

False

Answers

The answer is true
Hope this helps
The answer would be true. I guess it would be important to know about travel habits if you’re doing a consumer research

What can a database designer create to make it easy for people to create records?

A. A query

B. A form

C. A report

D. A field

Answers

Answer:

B. A form

Explanation:

I found the answer on quizlet

Answer:

It's B. A form

Explanation: hope it helps ^w^

When seeking collaboration on writing instructions for product use before releasing the information to the consumer, which method would yield the best results? Blog Podcast Wiki Companies can use blogs to share late-breaking news of tidbits of interest to employees. This is an example of Blogs take the same care and attention as other business writing.

Answers

Answer:

Wiki

Explanation:

The best option in this case would be to use a Wiki, which is a collaborative website, where users can add content, news, information about a certain subject and thus generate more complete and efficient content.

The advantages of using Wiki for companies is the possibility of access controls, modifications, collaboration, etc.

So this would be the ideal method for a company that seeks collaboration in writing instructions for using the product before releasing the information to the consumer.

Fat Cat Furniture store sells two types of products; cat beds and scratching posts. Over the past year Fat at sold 6,000 cat beds and 4,000 scratching posts, the sales mix of 6,000 beds to 4,000 posts creates a percentage of 60% for the cat beds and 40% for the scratching posts. Fat Cat’s total fixed costs are $40,000. The cat bed’s unit selling price is $44.00 and variable costs per bed are $24.00. The scratching post’s unit selling price is $100.00 and variable cost per post is $30.00.

1. Calculate the weighted average contribution margin per unit. ($40)

2. Calculate Fat Cat’s breakeven point in units for the “package” of products.

3. Calculate how many units of each product line the company must sell in order to breakeven.

4. Calculate the sales dollars required of each product line to breakeven Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.

5. Prove the breakeven point by preparing a contribution margin income statement Make sure to provide three columns: one for Cat Beds, one for Scratching Posts, and one for Total.

6. The owner of Fat Cat Furniture wants to earn a $60,000 profit. Calculate the sales volume in units and total sales dollars of each product line the company must sell in order to earn $60,000 in profit. Do not use the weighted average contribution margin ratio formula due to rounding issues. May still use the weighted average contribution margin per unit formula.

I need help especially on the 2nd question.

Answers

Answer: See explanation

Explanation:

1. Calculate the weighted average contribution margin per unit.

The weighted average contribution margin per unit will be:

= Contribution margin per unit × Sales mix ratio.

= ($20 × 60%) + ($70 × 40%)

= ($20 × 0.6) + ($70 × 0.4)

= $12 + $28

= $40

2. Calculate Fat Cat’s breakeven point in units for the “package” of products.

This will be:

= Fixed cost / Weighted average

= $40000 / $40

= 1000 units

3. Calculate how many units of each product line the company must sell in order to breakeven.

Breakeven for cat beds = 1000 × 60% = 1000 × 0.6 = 600 units

Breakeven for scratching post = 1000 × 40% = 1000 × 0.4 = 400 units

The largest source of federal revenue are ____ taxes.
A. excise
B. payroll
C. corporate income
D. personal income

Answers

Answer:

D. Personal Income

The sources of Federal Revenue are listen below:

Answer:

its D

Explanation:

lol

What is the difference between traditional manufacturing and a cottage
industry?
A. Manufacturing is done on a lower scale.
B. Manufactured products are better quality.
C. Manufactured items are worth more.
D. Manufacturing is done on a larger scale.
SUBMIT

Answers

Answer:

its a D

Explanation:

The difference between traditional manufacturing and a cottage industry is manufacturing is done on a larger scale. Thus, option D is correct.

What is cottage industry?

A cottage industry is a small manufacturing company run by an individual or family, usually from their house rather than a specially constructed facility. The minimal expenditure needed to launch a cottage industry serves as its defining characteristic.

They frequently concentrate on making labor-intensive goods but have a tough time competing with manufacturers of mass-produced goods who operate factories. The original cottage industries in the U.S. and Europe were light manufacturing businesses that performed subcontracted work in shoemaking, minor metal machine components, textile or garment production, or stitching. These small-scale companies frequently used raw materials provided by the contract supplier to make final goods.

Therefore, we can conclude that option D is correct.

Learn more about cottage industry here:

https://brainly.com/question/29615908

#SPJ5

A trader has a portfolio worth $5 million that mirrors the performance of a stock index. The stock index is currently 1,250. Futures contracts trade on the index with one contract being on 250 times the index. To remove market risk from the portfolio the trader should

Answers

Answer:

A short futures position is required

Explanation:

Missing word "short or long in the forward or futures market?"

Worth of portfolio = $5 million

Stock is currently index = 1,250

The number of contract required is therefore:

==> {$5,000,000} / {1,250*250}

==> 16 contracts

So, in order to remove market risk from the portfolio, the trader should sell 16 contracts. 1 futures contract protects a portfolio worth 312,500 (1250*250).

In order to remove the market risk, there is need to gain on the contracts when the market declines. A short futures position of 16 contracts is therefore required..

Helen is a part of a formal group made up of interdependent individuals responsible for
achieving company goals. This is known as an)

Answers

Answer:

work team

Explanation:

From the question, we are informed about Helen who was a part of a formal group made up of interdependent individuals responsible for achieving company goals. In this case , This is known as an work team.Work teams are regarded as groups of employees which put hands together in order to accomplish some tasks. They are usually efficient when different skills are needed to complete some task.

The _____ motive encourages entrepreneurs to start businesses, expand existing one, create new products or improve existing ones, and/or improve production processes to use resources efficiently.
1.)profit
2.)price
3.)none of the above

Answers

It is the 1) profit motive that encourages entrepreneurs to start businesses, expand old businesses, create new or improve products and production processes for efficient use of resources.

What is the profit motive?

The profit motive describes the economic incentive that drives the activities and decisions of entrepreneurs.

Thus, it is not price that motivates entrepreneurs but profit.

Learn more about the role of the profit motive in resource allocation at https://brainly.com/question/933169

4. Why is China's entry into the WTO important for multinational companies like PepsiCo?

Answers

Answer= Because the United States is already a WTO member, it does not have to lower any trade restrictions as a result of China's entry. In fact, China's entry will help reduce the trade deficit between the United States and China

Most students don't consider that they'll end up paying far more than the original amount they borrowed on their student loans because of

Answers

Answer:interest rates

Explanation:

The longer you have to pay off the more interest adds up

To distinguish between harassment and discrimination, it is important to remember that harassment is more

A. harmful

B. subtle

C. intentional

D. active

Answers

Answer:

it is important to remember that harassment is more harmful

i’m pretty sure it’s subtle because i would say discrimination is more harmful!

A single team member can affect the morale of the whole team.

True
False

Answers

I think it’s True. I hope it helps.

mention two ways of using money wisely​

Answers

Investing in stock is a wise use of your money please mark brainliest
SPENDING: rather than spending earned money as soon as you get your paycheck, save it so you can get something bigger you'll actually need; rather than a bunch of $5 knickknacks

PROFIT: typically, people buy something cheaper. Sell your items for less. For example, Jack sells lemonade for $10, and Ash sells for $9. Since they are selling the exact same thing, more people will go to Ash, therefore making them more money. If there are only 2 people willing to spend $10 for a cup of lemonade, Jack will make $20. If 3 people choose Ash, Ash will make $27.

please mark Brainliest <3

Before you look to change the strategy, you take a look at the leadership team and see a concern. A positive of the team is that it is very heterogeneous with a wide variety of experience and expertise. But, you realize the limitations of the duality. The CEO, James Morgan, is also the Chairman of the Board. Mr. Morgan is a very confident man who has had success in the past. He has held his duality for several years and is known to fight changes in strategic direction.Based on the Board’s overall desire for change, should you keep the current structure or split Morgan’s duality?No dualityDuality

Answers

Answer:

No duality

Explanation:

Change management is a strategy that helps individual and teams prepare for organisational changes that have to be made to move the business to greater heights.

In the given scenario where James Morgan is both the CEO and the chairman of the board, he will have undue influence on major decisions in the organisation.

It is better for him to retain position of Chairman of the board and appoint another person as the CEO.

This will give fresh perspective to various issues the organisation faces, and also will provide check and balance to adverse policies that Mr. Morgan may want to introduce.

Identify whether the expense below would be considered a want, a need, or savings.
Concert tickets
Savings
Want
Need

Answers

it is a want because you don’t need them and also not part of savings

Explain briefly how a person with creative, artistic talent might broaden his or her outlook and find a satisfying career in the field of Consumer Services.

Answers

Answer: The most important thing they need to consider is where their strength lies and what they can be very creative with

Explanation:

An artistic person is an individual who has a creative skill. They are several things an artist can look up to carve a niche for themselves. The most important thing they need to consider is where their strength lies and what they can be very creative with. When they have considered these they can look up various fields listed below, they one or more of them

Animator

Art teacher

Cake decorator

Fashion designer

Graphic designer

They need to discover their market in the sector they're going into; who they'll be serving.

These are just few compared to the remaining. The next thing they need to consider is their unique selling point, i.e how they'll be different from others doing it.

When they've considered all these, it'll be easier for them to have a satisfying career in the field of Consumer Services.

1. Discuss the pros and cons of owning a car. Try to come up with a scenario in which it might make more sense to lease or car share.
2. If you had to go to a car dealership tomorrow to buy a new car, how would you prepare?
3. What sorts of costs will you have to consider in addition to car payments?

Answers

Answer:

1. The pros of owning a car are obviously the benefit of being able to move around at any hour, and with more freedom and flexibility than in public transport, and a second pro is that the car can given the owner more social status.

The main two cons of owning a car are first the fact that a car loses value (depreciates) over time, and that cars have many associated payments.

2. Before going to the dealership, you should have a budget or range of prices that you can afford, you should also have an idea about what type of car you want, and an idea of what type of financing you would like to take.

3. Car insurance, associated taxes, whether direct or indirect, and possible car repairs.

Blossom Company is considering an investment that will return a lump sum of $850,000 3 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Blossom Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.)

Answers

Ale jak się okazało w Polsce dniu narty nie skierowane to dniu tym świecie i jest ogóle nie ma problemu z tym że nie ma przecieku co w wszystko jutrzejszym terminie

business was defined as the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs. In what ways is Warby Parker satisfying the needs of its customers

Answers

Answer:

The explanation according to the given circumstance is described below throughout the explanation section.

Explanation:

Warby Parker announces a brand new approach for purchasing glasses: the opportunity to get elevated accessories shipped to the door at quite a cheap price.Individuals post five major social media framework choices to inspire clients and receive supportive input from their loved ones.A new sales moment in time structure was perhaps the most critical aspect of developing consumer engagement.

PLZ HELP. Classify the customer buying motive as rational or emotional.
Mark buys a particular brand of frozen food because it is economical for him.
O rational
O emotional

Answers

Answer:

rational

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Buying motive refers to the considerations, urge, emotions or influences that creates the impulse in consumers (customers) to buy a particular good, so as to satisfy their desire or needs.

This ultimately implies that, behind every purchase made by a consumer, there's a consideration, urge or feeling to satisfy that desire or needs l, this is generally referred to as buying motive.

In Economics, buying motives are classified into five (5) main categories and these include;

I. Acquired and Inherent buying motives.

II. Conscious and Dormant buying motives.

III. Physical, Psychological and Sociological buying motives.

IV. Primary and Selective buying motives.

V. Rational and Emotional buying motives.

A rational buying motive is typically based on the consumer's logical and economical consideration of a product in terms of price, durability, need, quality, etc. Thus, it involves a careful consideration of a product rather than feelings as in emotional buying motive.

In this scenario, Mark buys a particular brand of frozen food because it is economical for him. Thus, the buying motive would be classified as rational.

How do credit card companies use a person's credit report?

A.) To determine if that person should be given a loan or credit card

B.) To calculate how much interest the person is owed on their account

C.) To help them figure out ways to pay off their outstanding debt

D.) To figure out if that person has been using a budget​

Answers

Answer:

The answer is the letter A

Answer:

A

Explanation:

Which of the following statements about savings accounts is FALSE? Savings accounts may

Answers

Answer:

savings accounts allow an unlimited amount of withdraws each month

Explanation:

Which of the following approaches measures team performance by how efficiently the team reaches decisions together?

A. the results approach

B. the decisions approach

C. the behaviors/process approach

D. the efficiency approach

Answers

Answer:

Answer is C

Explanation:

the behaviors/process approach

How to do this question plz answer me​

Answers

Answer: See explanation

Explanation:

Business activities simply refers to the activities that are done in order to provide goods and services for the consumers and also generate profit.

1. The purpose of business activity is:.

To provide goods.

2. An entrepreneur might find setting up a business rewarding as he or she is in control and that may give the person a level of satisfaction. Also, the entrepreneur makes profit which is rewarding as well.

3. Building a good brand image gives credibility to the company and also brings about customer loyalty. Customers want to be associated with good brands. This can also help drive sales and revenue.

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