Bernie madoff discussion questions what is a ponzi scheme? what is a feeder fund? how did fairfield greenwich make its money? what was the condition mr. madoff imposed on people marketing his investments? why did he do this? when investors received their statements, what responsibility did they have to review and understand them? what kind of due diligence did the feeder funds do? starting in 2001, harry markopolos alerted sec three times to the likelihood that bernard madoff was running a ponzi scheme. why do you think the sec didn’t act on this information until 2006? what was the final straw that uncovered the madoff ponzi scheme? ultimately, who do you think was responsible for the losses incurred by investors? do you think the us government should offset the losses incurred by investors with madoff? what actions should the us government take to minimize chances of other ponzi schemes taking place? after you posted your answers, respond to at least two classmates' posts. your responses should be more insightful than good job. respond with no less than 100 words.

P8-4b dropping unfavorable division based on the following analysis of last year's operations of groves, inc., a financial vice president of the company believes that the firm's total net income could be increased by $160,000 if its design division were discontinued. (amounts are given in the thousands of dollars.) required provide answers for each of the following independent situations: a. assuming that total fixed costs and expenses would not be affected by discontinuing the design division, prepare an analysis showing why you agree or disagree with the vice president. b. assume that the discontinuance of the design division will enable the company to avoid 30% of the fixed portion of cost of services and 40% of the fixed operating expenses allocated to the design division. calculate the resulting effect on net income. c. assume that in addition to the cost avoidance in requirement (b), the capacity released by discontinuance of the design division can be used to provide 6,000 new services that would have a variable cost per service of $60 and would require additional fixed costs totaling $68,000. at what unit price must the new service be sold if groves is to increase its total net income by $180,000?