Misappropriation of assets is a fraudulent act that involves theft of company property.
In asset management, the challenges faced in addition to maximizing the life cycle of the asset itself are errors, misappropriation of assets and financial statement fraud on assets under management.
Mistakes are common in various managements, errors in asset management are caused by unintentional mistakes, in contrast to misuse and fraud which have an intentional element. These things lead to company losses in terms of assets.
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Understanding Missappropriation of Assets</h3>
Misappropriation of company assets or assets is an illegal act which is often also referred to as embezzlement of assets or theft of assets. For example, embezzlement of company cash, use of facilities for personal gain, fraudulent expenditure of company expenses.
The embezzlement of large amounts of assets will adversely affect the company's cashflow. If not immediately detected and prevented, this will become a new culture that is detrimental to the company.
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Answer:
Rachel's net cash flows from operating activities is $258,500
Explanation:
Rachel Cash flow from Operating activities
Particulars Amount
Net Income $240,000
+ Increase in Account Payable +$13,000
(Ending balance - Beginning balance)
30,000-17,000= 13,000
-Decrease in Account receivable +$5500
(Ending balance - Beginning balance)
11,500-17,000= -5500
Cash flow from operating activities $258,500
Therefore, the cash flow from operating activities is $258,500
Answer:
The answer is: Inventory cost is $4,900
Explanation:
ACB Manufacturing purchased $6,000 worth of merchandise with credit terms 2/10 or n/30. This means that if the company pays its debt within 10, it will receive a 2% discount.
It returned $1,000 worth of defective merchandise, decreasing its total debt to $5,000. Since ACB Manufacturing paid its debt within the first ten days, it got a 2% discount. It paid a total of $4,900 for the merchandise, so that should be its inventory cost.
Answer:
D : Company 4
Explanation:
Since all the painting companies require 5 hours to paint the truck, and they all will use the same amount of materials, then you have to choose the company that charges the lowest rate per hour:
- Company 1 charges $57 per hour x 4 hours = $285 + $240 = $525
- Company 2 charges $52.50 per hour x 4 hours = $262.50 + $240 = $502.50
- Company 3 charges $48.95 per hour x 4 hours = $244.75 + $240 = $484.75
- Company 4 charges $46.20 per hour x 4 hours = $231 + $240 = $471 ⇒ lowest price
Employees are potentially an excellent source of competitive advantage for an organization because option c. they are difficult to copy or replace.
<h3>What is meant by competitive advantage?</h3>
Competitive advantage is known to be a term that connote those factors that gives room for a person or a a company to make goods or services better as well as more cheaply than their rivals.
These factors gives one a superior margins over rivals. Therefore, based on the above, employees are potentially an excellent source of competitive advantage for an organization because option c. they are difficult to copy or replace.
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Employees are potentially an excellent source of competitive advantage for an organization because:
a. they cannot refuse to follow the commands of the top executives of the organization.
b. they cannot be hired by the competitors of the organization.
c. they are difficult to copy or replace.
d. they formulate the organization's purpose and mission statement.