Answer:
<em> Ethnocentrism causes us to judge others by our own values. </em>
<em> Ethnocentrism causes us to judge others by our own values. Ethnocentrism is the belief in the superiority of one's own culture. This belief is a natural attitude found in all cultures, and it causes us to judge others by our values</em>.
Answer:
The fraud was discovered Option D: The operations manager found a check made payable to Phillips while searching Phillips' desk for some accounting records.
Explanation:
In the given case study, Ernie Phillips had got a job as a 'controller'. He had started writing checks to himself other than the payroll checks.
This fraud can be discovered when the operations manager found a check on Phillips desk which was payable to himself and it was other than the payroll check. Thus, Option D is the statement as an answer.
Cancelled checks do not have to do anything with the fraud, as per Option A, because cancelled checks are never cleared in the bank. The receiver doesn't usually receive a call before check clearance. So, Option B is also incorrect. No error was there in the check as stated in Option C.
Answer: True
Explanation: The operations consulting is the evaluation of the operational situation of the company, this helps us to improve the processes. If a customer survey is carried out, for example, regarding the quality of the products and the result is that raw materials or prices must be modified, if corrective measures are made, it is possible that customer satisfaction increases and therefore the fidelity.
Answer:
The cash balance on November 30 amounts to $155,700
Explanation:
Cash balance on November 30 = Beginning balance + Collection of cash from October sales + Collection of cash from November sales - Payments for October Purchases - Payments for November Purchases
where
Beginning balance is $13,700
Collection of cash from October sales = October Sales × % amount collected
= $240,000 × 70%
= $168,000
Collection of cash from November sales = November Sales × % amount collected
= $240,000 × 1.20 × 25%
= $72,000
Payments for October Purchases = October Purchases × % amount paid
= $70,000 × 65%
= $45,500
Payments for November Purchases = November Purchases × % amount paid
= $150,000 × 35%
= $52,500
Putting the values in the above formula
Cash balance on November 30 = $13,700 + $168,000 + $72,000 - $45,500 - $52,500
= $155,700
