B. secrecy; communication
Answer:
C. debit Vacation Pay Expense; credit Vacation Pay Payable
Explanation:
In as much as the name implies, debit vacation pay expense of the said worker is moved to his/her credit vacation pay payable. And cases like this comes up when the said worker is about to go on a vacation. This vacation pay expense is been considered a liability because it causes depreciation in equity.
Therefore accrued vacation privileges of an employer are times in which a worker has to go on a free working period that in some cases can be a vacation which deals with a debit Vacation Pay Expense; credit Vacation Pay Payable by the end of the year.
Answer:
retailers
Explanation:
In order to get our goods to the market, we have to use a marketing channel. Rarely does a company create an isolated marketing channel in order to reach the customers. Instead, companies reach out to <em>wholesalers, distributors and retailers.</em>
Retailers are closely related to the customer, as the customer always goes to the retailer first, in order to find a particular good.
On the other hand, wholesalers and distributors are the precursor in the goods' road to retailers, as the retailers reach out to these two channels to get the goods'. Wholesalers and distributors are never visible to the end user (consumer).
Answer:
Asset Misappropriation.
Explanation:
The type of fraud that Jake Rosen engaged in is called Asset Misappropriation.
Asset Misappropriation happens when a person diverts the assets of the company they work for or the client they represent, for their own personal use.
Jake Rosen diverted the funds of the hospital for his own personal use to enabled the purchase of two homes and a nice yacht amongst other things thereby making him guilty of asset misappropriation.
Answer:
15%
Explanation:
The maximum rate of return that would be paid to borrow an additional $4,000 needed can be calculated as
Rate of return = $600/$4000
Rate of return = 0.15 or 15%
NOTE: The amount of interest is the difference of interest earned at higher yield and interest earned at a lower yield.
Interest earned (higher yield) = $10,000 x 8%
Interest earned (higher yield) = $800
Interest earned (lower yield) = $14,000 x 10%
Interest earned (lower yield) = $1,400
Difference = $1,400-$800
Difference = $600
