The claim is FALSE. But please, take note that although there are no concrete evidences of fraud after considering all of the factors present in a case, it may still be happening!
There are actually number of fraud symptoms, but each one could also be caused by other factors. So, for instance:
- it is really that possible to misfile or misplace the missing documents
- John's company has an out of balance general ledger because it does not seem to have had an accountant before and whomever was in charge before might have committed honest mistakes (human errors)
- the consumer's complaints can be just the result of invoicing mistakes
- and John might just from a filthy rich family and the reason, maybe, that he is not careful with his company's accounting system was because he has other businesses to support his lifestyle.
...
I just figured that your question is incomplete, so here's the whole case scenario for everyone to understand:
"A nearby store that opened four years ago is managed by John. It has also been performing admirably. John made the decision to hire an accountant because his company was expanding. When the accountant arrived at the store, he discovered several anomalies, including: (1) six receiving documents missing, (2) the general ledger being out of balance, (3) one customer complaining that he is constantly being overcharged, and (4) another customer complaining that he does not receive timely service. John has an expensive home and a collection of beautiful sports cars.
Discuss whether fraud could be occurring. Does evidence of fraud exist, or are only fraud symptoms present? John's lifestyle, combined with the other factors present in this case, provide evidence that fraud has occurred. True or false?"
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When an employee works in year 1 but is paid in year 2, the company must recognize an expense in year(s) _____
When an employee works in year 1 but is paid in year 2, the company must recognize an expense in year(s):
There is no income statement affect in Year 2There is no cash flow affect in Year 1both an expense and liability are recorded in Year 1What is income statement?
A company's financial performance over a certain accounting period is reported using three primary financial statements: the balance sheet, the statement of cash flows, and the income statement.
The income statement, which is often referred to as the profit and loss statement (P&L) or the statement of revenue and expense, is primarily concerned with the company's revenue and expenses for a specific time period.
Knowing how to study an income statement is the greatest approach to evaluate a firm and determine whether you should invest.
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Abc company reported total revenues of $100,000, a gross profit of $40,000, and operating expenses of $20,000. what are abc company's common-size operating expenses?
The company's common size operating expenses are 20% of the total revenue of the company .
Operational IncomeBoth formulas have advantages and disadvantages. Below is the first formula:
Operating Income Plus Depreciation and Amortization = EBITDA
Operating income is the company's profit following the deduction of operating expenses, or the costs associated with conducting regular operations. By removing interest and taxes, operating income aids investors in separating the earnings for the company's operating performance. As the name implies, operating income shows the revenue generated by a company's operations.
Sales less running costs like labor and the cost of products sold are frequently used to determine operating income (COGS). Only D&A needs to be included in order to calculate EBITDA because operating income has already been calculated before interest and taxes are subtracted.
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Who are the potential customers? what do they buy? where do they buy? these are _______ factors affecting channel choice. group of answer choices product market product stage timing
Who are the potential customers? what do they buy? where do they buy? these are market factors affecting channel choice. group of answer choices product market product stage timing
What is Market Factor?
In economics, a factor market is a place where the raw materials for manufacturing are bought and sold. In exchange for factor payments at factor prices, companies buy productive resources. The derived demand principle governs how product and factor markets interact. A firm's factors of production are obtained from its economic activities of supplying goods or services to another market. Derived demand is the term used to describe the relationship between product and factor markets.
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If a zero-dividend stock is purchased for $80 and sold one year later for $84, the 1-year return is ______ percent.
The 1-year return is 5 percent.
What is the return?A stock is used by public firms to raise capital for their activities. Stockholders are usually paid dividends. When a stock is zero-dividend, it means that stockholders would not be paid dividends.
Dividends are the excess of revenue after expenses have been paid and debt obligations have been met. Dividends are paid to stockholders if the business does not have any profitable use of the excess income.
The stock return is the increase in the value of the stock over the one-year period in which the stock was held.
1-year stock return = (selling price / cost price) - 1
($84 / $80) - 1 = 0.05 = 5%
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In economics, the demand for a good refers to the amount of the good that people:_______
In economics, the quantity of an item that consumers will purchase at various price points is referred to as the demand for the good.
Demand for anything or service means that people want to buy it and are willing and able to pay for it. Demand for a product is influenced by its price, the pricing of competing products, the consumer's income, as well as her preferences and tastes. We defined demand as the amount of something that a buyer is willing and able to acquire at each price. This implies that there are at least two more factors besides price that influence demand. A Veblen product is one for which demand rises in proportion to price. Veblen products are often of a high caliber, expertly produced, unique, and status symbol. The majority of Veblen customers are wealthy individuals who value utility over all other factors.
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What was the main reason that people decided to leave their homes and head west in the late 1800s? question 2 options: economic opportunity contracts offered by railroads adventure patriotism
In the late 1800s, people primarily chose to leave their homes and go west due to economic opportunity.
Economic opportunity is defined as a special business or community circumstance that advances the state's economic interests by catalyzing or stimulating the expansion of, or retention of, business and industry in the state. This definition also includes the retention of a company whose relocation outside the state would have a significant negative economic impact on the state as a whole, particular regions of the state, or particular state components as determined by the boa. Vacant land is frequently linked to increased crime and a decline in local property values.
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The policies, people, and decision rules that affect the culture and operation of the business are considered:_____.
The policies, people, and decision rules that affect the culture and operation of the business are considered Infrastructural elements
Infrastructure
Infrastructure is the collection of facilities and systems that serve a country, city, or other geographic area, and includes the services and facilities required for the economy, households, and businesses to function. Public and private physical structures include, but are not limited to, roads, railroads, bridges, tunnels, water supplies, sewage systems, electrical grids, and telecommunications (including Internet connectivity and broadband access). Infrastructure is typically understood to be "the physical elements of interconnected systems that deliver commodities and services necessary to enable, sustain, or improve society's living conditions" and the environment.
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You are a stakeholder who has just designated a business function as critical. what must you do now?
You should now dedicate resources to protect the function.
Who are stakeholders?A stakeholder is a party with an interest in a business who has the potential to influence or be affected by it. A typical corporation's investors, employees, clients, and suppliers make up its main stakeholders.
However, the idea has been broadened to encompass communities, governments, and trade groups as a result of the growing focus on corporate social responsibility.
An organization's stakeholders may be internal or external. Internal stakeholders are those who have a direct interest in a firm, such as through employment, ownership, or investment.
External stakeholders are those who don't work for a company directly but are still impacted by its decisions and results. Suppliers, borrowers, and government agencies are all regarded as external stakeholders.
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Variable costs blank______.
Variable costs are also known as mixed costs. An expense for the company that varies according to how much is produced or sold is called a variable cost.
Describe what you mean by variable cost.An expense for the company that varies according to how much is produced or sold is called a variable cost. Variable costs rise or fall in relation to a company's output or sales volume. They expand in accordance with production and contract in accordance with production.
Variable costs include things like raw materials, piece-rate labor, production supplies, commissions, shipping costs, packing costs, and credit card fees.
Costs or expenses that are fixed do not alter as a result of shifts in production or sales volume. Just a few examples of the expenses they pay include rent, insurance, dues and subscriptions, equipment leases, loan payments, depreciation, management salaries, and advertising.
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When addressing business direction questions for your project, it is unlikely you should make the decision. Instead you should?
When addressing business direction questions for your project, it is unlikely you should make the decision. Instead, you should consult with stakeholders, conduct a meeting and evaluate all available options. Thus option D all of the answers are correct.
What is Business?An economic activity that involves the exchange of goods and services with teh help of buying and selling with the objective to gain some profit is called Business.
Decision-making in any business plays a crucial role in its success. So before taking any decsion which is collectively disturbing the organization. It is important to review all available options to take better decisions.
Meeting with stakeholders of the business and discussing their loss gains will be helpful to determine the options and consult with them. Apart from this, an options paper is created to see the best alternative to the particular situation.
Therefore, in option D all of the answers are appropriate.
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The complete question is
When addressing business direction questions for your project, it is unlikely you should make the decision. Instead you should _____.
Select an answer:
meet with the stakeholders who have the most to gain or lose with each potential direction and explain the options
call a meeting and review the options
create an options paper
all of these answers
A firm has sales of $1,420, net income of $236, net fixed assets of $544, and current assets of $500. the firm has $96 in inventory. what is the common-size statement value of inventory?
The answer is 09.19%.
To find the common-size statement value of inventory.
Firstly, we need to calculate the Total Assets.
Total Assets = Current Assets + Net Fixed Assets
= $(500+544)
= $1044.
Now,
Find the Common size Value of Inventory.
Common-size value of inventory = Inventory/Total Stocks.
= $96/$1044
= 0.0919
= 09.19%
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Barnes & noble and amazon would be considered a(n) _______ because they sell similar products.
Answer:
BARNES AND NOBLE AND AMAZON WOULD BE CONSIDERED AS A(N) COMPETITIVE MARKETS BCOZ THEY SELL SIMILAR PRODUCTSA community health nurse is working to support programs to encourage preschool immunizations. the nurse is integrating which ethical principle in his or her practice?
In order to promote preschool vaccines, the nurse has incorporated the beneficence ethical concept into her professional practice.
What do you mean by vaccines for preschoolers?Children must receive two booster shots before starting school. They are protected from polio, whooping cough, diphtheria, and tetanus with just one shot. The second shot strengthens your child's defenses against rubella, measles, and mumps. These vaccinations are given to your child when they are approximately three years and four months old. Your child's level of antibodies will be updated or topped off by the pre-school immunizations, also known as pre-school boosters, which will help to keep them protected. Babies' immunizations can cause their immunity against diphtheria, tetanus, whooping cough, and polio to wane over time. The MMR vaccine gives people a second chance since sometimes they do not gain full protection to measles, mumps, or rubella after just one dose.
The moral responsibility to act in others' best interests is known as the principle of beneficence. Because it guarantees that healthcare providers take into account unique situations and keep in mind that what is wonderful for one patient may not always be fantastic for another, beneficence is crucial.
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A situation that requires an adjusting entry that is not a prepayment or an accrual entry is:_________
Estimating bad debts is a circumstance that necessitates an adjusting entry that is neither a prepayment nor an accrual entry.
Bad debt: What is it?
Sometimes a firm needs to figure out what percentage of its receivables is recoverable when it comes time to prepare its financial statements at the end of the fiscal period. The two techniques of documenting bad debt are 1) direct write-off method and 2) allowance method, and they both involve recording the percentage that a company considers is uncollectible.
The significance of bad debt costs
Companies create financial statements at the beginning of each fiscal year or quarter. Investors and potential investors look at the financial accounts, thus they need to be trustworthy and honest.
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Assuming Dell sales will grow 50% in 1997, how might the company fund this growth internally?
Dell can fund this growth internally by:
The $469 million increase in current liabilities serves as a source of funds. The estimated increase in net profits to $395 million is approximately $123 million. The short-term investment is assumed to be the same as in 1996, namely $591 million. What is funding?Business financing is a funding option that allows business owners to obtain business loans to cover expenses such as temporary cash flow interruptions, expansion projects, stock and equipment, and seasonal spikes in activity. Retained earnings, debt capital, and equity funding are the three major sources of corporate financing.So, according to the given chart:
As a result, an additional operating asset of $794 million is required to sustain growth. The $469 million increase in current liabilities serves as a source of funds. The estimated increase in net profits to $395 million is approximately $123 million. The short-term investment is assumed to be the same as in 1996, namely $591 million. As a result, we can confidently predict that growth will be funded internally.Therefore, Dell can fund this growth internally by:
The $469 million increase in current liabilities serves as a source of funds. The estimated increase in net profits to $395 million is approximately $123 million. The short-term investment is assumed to be the same as in 1996, namely $591 million.Know more about funding here:
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Jenna changes the amount of butter she purchases depending on whether it costs $3, $4, or $6 a pound. in order to derive her demand curve for butter, what other information do we need?
She bought butter at various price ranges.
The demand curve shows how much a person decides to buy at different prices. To plot the curve, we need to know how much butter Jenna buys when it costs $3, $4, and $6.
What is Demand Curve
A demand curve in economics is a graph that shows the relationship between the cost of a particular good (y-axis) and the amount of that good desired at that cost (x-axis). You can use the demand curve to analyze the relationship between price and quantity for a specific consumer (single demand curve) and all consumers in a specific market (market demand curve). The demand curve is usually assumed to be sloping as shown in the graph below. This is due to the law of demand, in most cases the higher the price, the lower the demand. However, in certain circumstances this rule does not apply. Veblen goods, Giffen goods and asset bubbles are examples of this kind of phenomenon. Buyers are attracted to goods when the price increases.
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On average, managers spend the least amount of time doing which managerial activity?
On average, managers spend the least amount of time doing the managerial activity is networking.
What is networking?
Networking is the technique of making connections with respect of the business environment. Managers very often get involved in developing relationships and making their own networks. They are accountable for monitoring and completing the given task in an effective way. So, they basically focus on many managerial activities like decision-making, planning things, communicating the required information, managing employees, etc.
Which managerial function is the most important?
The most important function of management is Planning. Planning means setting objectives in order to achieve , a goal in a limited time period .Several alternatives are formulated in order to achieve the goals.
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Why does modigliani and miller's proposition i have to be corrected when there are corporate taxes?
Because levered firms pay fewer taxes than identical unlevered firms, MM Proposition I does not hold in the presence of corporate taxation.
What is MM Proposition I with corporate taxes?Two propositions are mentioned in Miller and Modigliani's theory. According to Proposition I, the market value of any firm is independent of the amount of debt or equity in its capital structure. According to Proposition II, the cost of equity is directly related and incremental to the percentage of debt in the capital structure. Because levered firms pay fewer taxes than identical unlevered firms, MM Proposition I does not hold in the presence of corporate taxation. The first proposition asserts that tax benefits resulting from tax-deductible interest payments increase the value of a leveraged company over the value of an unlevered company. The theorem's main premise is that income interest payment have a positive impact on a company's cash flows.Therefore, as levered firms pay fewer taxes than identical unlevered firms, MM Proposition I does not hold in the presence of corporate taxation.
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The issue of unemployment and declining wages on the west coast led to which of the legislative actions?.
The issue of unemployment and declining wages on the west coast led to which of the legislative actions: Chinese Exclusion Act.
What is Chinese Exclusion Act?The Chinese Exclusion Act was a law created by the United States of America and the main purpose of this law is to stop Chinese laborer immigrant into the United state of America.
During that period the Chinese laborer was giving ten years ban which means that in the next ten year no Chinese laborer should migrate to united state of America
The reason was that many Americas on the west coat believed that Chinese laborer were the cause of the unemployment and declining wages on the west coast.
Therefore the issue of unemployment and declining wages on the west coast led to which of the legislative actions: Chinese Exclusion Act.
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product design and process selection are examples of decisions. multiple choice financial tactical system design system operation forecasting
Product design and process selection are examples of system design decisions.
System design decisions demonstrate strategic organizational decisions. These include a long-term commitment of resources and deciding the operational parameters of the system. Systems design is the process of denoting elements of a system like modules, architecture, components, interfaces, and data for a system based on the specified requirements. It allures the procedure of defining, developing, and designing systems that fulfill the specific needs and requirements of a business or organization.
A systemic approach is deemed necessary for a coherent and well-running system. A bottom-Up or Top-Down approach is required to take into account all related variables of the system.
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When setting up mobile cranes the minimum clearance between the rotating upper works and fixed should be?
The spinning upper works and fixed shall have a minimum distance of 10 feet with encroachment protections.
A mobile crane is what?
Mobile cranes are an important piece of machinery that are pulled by cables and pulleys and installed on a prime mover. Their layout makes it easier for them to get to and from various locations. They often don't take much work to assemble or set up.
Essentially, the crane moves a boom from which a hook is suspended by a wire rope. The wire ropes are then moved by the prime mover.
As the years pass, more and more varieties of mobile cranes are produced, each with a unique use and a number of benefits over fixed cranes. These cranes' main benefits are that they are simple to use.
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The price at which stock is sold depends on a variety of factors such as the ______.
It depends on the following:
1. the company's financial standing, track record of earnings, and dividend payouts
2. Investor projections for the probable earnings of the company
3. The state of the economy and overall business circumstances
What are stocks?
A security that denotes ownership of a portion of the issuing company is referred to as stock, also known as equity. Shares, which are units of stock, entitle their owners to a percentage of the company's assets and income based on how many shares they possess.
The cornerstone of many individual investors' portfolios, stocks are mostly bought and sold on stock exchanges. Government rules aimed at shielding investors from dishonest tactics must be followed when trading stocks.
Corporations issue stock to obtain money to run their businesses, and a shareholder who owns stock may be entitled to a portion of the company's assets and earnings.
Depending on how many shares an investor owns in relation to the total number of shares outstanding, the investor is regarded as an owner of the issuing firm. One individual would hold and be entitled to 10% of the assets and profits of the company if there are 1,000 shares of stock outstanding and they each have 100 shares.
Thus, the Prices of stocks keep on fluctuating and depend upon a number of factors.
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A market formed when member countries of a customs union remove all barriers to allow the movement of capital and labor within the customs unions is known as:_________
A common market is created when all restrictions on the movement of people, goods, and services inside a customs unions are removed by its member countries.
A common market is a set of states that have entered into a legal agreement and adopted a single external tariff. In a common market, countries also allow free trade and the movement of people, capital, and labor within the group. The trade agreement seeks to improve the economic standing of all market participants. The most well-known example of a common market is the European Common Market, which aims to ensure the free movement of goods, capital, services, and labor inside the European Union.
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Standby passengers on airlines who pay low rates for seats benefit from the low price. how are the airlines affected?
Standby passengers on airlines who spend low rates for seat profit from the low price. The airlines profit as long as the additional revenue from the passengers surpasses the marginal price.
What are the two most significant factors when determining ticket pricing?Seasonality and Destination Order are just two of the factors that influence your overall around the world ticket price. Flexibility is your companion when you're examining for lower fares, but it's also important to embrace spending a little more when essential to build the right trip for you.
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If a person with a 24 percent tax bracket makes a deposit of $5,500 to a tax-deferred retirement account, what amount would be saved on current taxes?
If a person with a 24 percent tax bracket makes a deposit of $5,500 to a tax- $1,320 will be saved.
The amount of taxes avoided if $5,500 is invested is:
Taxes saved equal $1,320 ($5,500 x 24%).
So, by investing $5,500, $1,320 will be saved.
when the taxes owed below income tax are more than the taxes owed beneath the enterprise's accounting, a deferred tax liability is established. Deferred tax obligation is the term used to describe the distinction between the taxes that need to be paid beneath profits tax and the taxes that ought to be paid underneath the company's accounting in this case.while the taxes owed below earnings tax are much less than the ones owed below the organization's accounting, a deferred tax asset is produced. Deferred tax asset is the time period used to describe the difference among the taxes that need to be paid beneath earnings tax and the taxes that should be paid beneath the organisation's accounting in this case.The investment this is tax-deferred is completely deductible from taxable earnings. the amount of the funding is deducted from the character's taxable income.
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It is important for companies to remember that selecting a target market and developing a marketing mix are _____ activities and must be done _____.
It is important for companies to remember that selecting a target market and developing a marketing mix are interrelated activities and must be done together.
What is marketing ?Marketing is the process of discovering, developing, and delivering value to satisfy the needs of a target market in terms of goods and services; potentially including the choice of a target audience, the choice of specific qualities or themes to emphasize in advertising, the operation of advertising campaigns, attendance at trade shows and public events, the design of products and packaging attractive to consumers, and the definition of the terms of sale, such as price, discounts, warranty, and return policies.
Usually, the seller, who is usually a manufacturer or merchant, handles the marketing.
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The stock market is approaching its year-to-date high value, so should houston horticulture company consider selling new stock or new bonds to pay for its planned market expansion?
The stock market is approaching its year-to-date high value, so Houston Horticulture company should consider the capital structure for selling new stock or new bonds to pay for its planned market expansion.
What characteristics does capital structure have?The capital structure of a firm refers to the precise debt-to-equity ratio used to finance its assets and operations. Equity is a more expensive, long-term form of investment with greater financial flexibility from a business's perspective.
Following are some of the key characteristics of a solid capital structure:
a) Maximum Return
b) Less Risky
c) Flexibility
d) Safety
e) Capacity
f) Economy
g) Control.
How is capital structure impacted?The main variables that need to be looked at when determining capital structure decisions are industry leverage, profitability, business size, growth prospects, asset tangibility, anticipated inflation, and stock market return.
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Revised probabilities of events based on additional information are _____ probabilities.
Revised probabilities of events based on additional information are posterior probabilities.
How do you explain revised probability?In Bayesian statistics, the posterior probability is the updated or revised probability of an event occurring after taking into account new information. Using Bayes' theorem, the posterior probability is derived by updating the prior probability.
We want to know what the probability of A is in the event that a second event, which we'll name event B, has occurred and has an impact on P(A). This is P(A|B), also referred to as posterior probability or updated probability, in probabilistic notation.
A probability that has been updated to account for newly available information is known as a posterior probability.
Therefore, based on the information given, Revised probabilities of events based on additional information are posterior probabilities.
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If alabama imports 10 bushels of peaches and exports 40 bushels of tomatoes, after trade, alabama will consume _____ bushels of peaches and 35 bushels of tomatoes.
After trade, Alabama will eat 10 bushels of peaches and 35 bushels of tomatoes if it imports 10 bushels of peaches and exports 40 bushels of tomatoes.
According to the graph above, Alabama will have to give up 15 bushels of peaches in order to produce 75 bushels of tomatoes since it will need to use all of its resources. In Alabama, the opportunity cost of growing tomatoes will therefore be 15/75 = 0.2 bushels of peaches.
The graph above also shows that in order to produce 90 bushels of tomatoes, Georgia must use all of its resources, which means that 30 bushels of peaches must be given up. As a result, Georgia's opportunity cost of growing tomatoes will be 30/90 = 0.33 bushels of peaches.
He will focus in tomatoes and produce 75 bushels of tomatoes because Alabama has a lower potential cost for producing tomatoes. He will export tomatoes as a result.
In this instance, Alabama imported 10 bushels of peaches and exported 40 bushels of tomatoes.
As a result, after the trade, he consumed 10 bushels of peaches and 35 bushels of tomatoes, or 75 minus 40.
According to Alabama's Production Possibilities Frontier (PPF), if it can produce 10 bushels of peaches, it can generate a maximum of 25 bushels of tomatoes. As a result, under autarky, it will eat 25 bushels of tomatoes and 10 bushels of peaches (Point A).
As a result of trade, Alabama will receive 10 bushels (35 - 25) of tomatoes.
In contrast to autarky, this Trade permits Alabama to produce 10 bushels of tomatoes.
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enhancing qualitative characteristics of accounting information include each of the following except:
Enhancing qualitative characteristics of accounting information include each of the following except neutrality.
Accounting information demonstrates the financial statements which are created by the procedures of bookkeeping and accounting. These include profit and loss accounts and balance sheets. This information traces and records all the accounting activity of the firm through the utilization of information technology systems and resources.
The main principle of accounting information is that the company has an infinite life. This information mostly contains business entities' transactions. It helps people make business and financial decisions. The four branches of accounting information are corporate, public, government, and forensic. These act as great guides for the decision-makers in the organization.
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