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2 years ago

Employee theft and fraud is a costly problem for organizations, estimated to be approximately ________ per worker per year.

1 answer:

4 0

The answer to this question is $4,500 per worker.
This statistic, of course, do not represent the real situation. The number spiked up because the amount of fraud being done on upper management level usually could hit the benchmark of millions of dollars (some cases may hit more than 100 million dollar benchmark)

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Cusic Industries had the following operating results for 2019: sales = $34,621; cost of goods sold = $24,359; depreciation expen

Stolb23 [73]

Answer:

a. $1,132.50

b. $9,884.50

c. $10,586

d.1 $2,725

d.2 - $4,363.50

Explanation:

a. The computation of the net income is shown below:

= Sales - cost of good sold - depreciation expense - interest expense - income tax expense

= $34,621 - $24,359 - $6,027 - $2,275 - 377.50

= $1,132.50

The income tax expense

= ($34,621 - $24,359 - $6,027 - $2,275) × 25%

= $377.50

b. The operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,

EBIT = Sales - cost of good sold - depreciation expense

= $34,621 - $24,359 - $6,027

= $4,235

And all other items would remain same

Now put these values to the above formula

So, the value would equal to

= $4,235 + $6,027- $377.50

= $9,884.50

c. Computation of the cash flow from assets for 2019 is shown below:

= Operating cash flow - net capital spending - changes in working capital

where, net capital capital = ending fixed assets - beginning fixed assets + depreciation

= $24,529 - $19,970 + $6,027

= $10,586

Changes in working capital = (ending balance of current assets - ending balance of current liabilities) - (beginning balance of current assets - beginning balance of current liabilities)

= ($8,702 - $4,700) - ($7,075 - $4,010)

= $4,002 - $3,065

= $937

Now put these values to the above formula

So, the value would equal to

= $9,884.50 - $10,586 - $937

= - $1,638.50

d.1 The computation of the cash flow to creditors is shown below:

= Interest expense - ending balance of long term debt + beginning balance of long term debt

= $2,725 - 0 + 0

= $2,725

d.2 The computation of the cash flow to stockholder is shown below:

= Cash flow from asset - cash flow to creditors

= - $1,638.50 - $2,725

= - $4,363.50

6 0

2 years ago

When the demand for automobiles is high, the demand for workers who build automobiles is high. This relation between the market

Reptile [31]

Answer:

C. a derived demand.

Explanation:

Derived demand is a rise in the demand of a product due to the increase in demand for related or intermediate goods. If two distinct goods or services are used together, a rise in the demand of one will cause the demand for the other to rise. Products or services used together are called complementary goods.

Derived demand is primarily as a result of the usage of a product in the production or consumption of other goods or services. In this case, the demand for workers is solely due to a rise in the demand for cars. Should the demand for vehicles decrease, then the demand for workers will fall.

3 0

3 years ago

On December 31, 20X2 and 20X3, Apex Co. had 3,000 shares of $100 par, 5% cumulative preferred stock outstanding. No dividends we

Anarel [89]

Answer: the correct answer is a disclosure of $20,000

Explanation:

The annual preferred stock dividend is $15,000 = 3,000 x $100 x 5%. Total dividends in arrears at the end of 20X3 are therefore $20,000 = 2 years x $15,000 - $10,000 paid.

Dividends in arrears are footnoted only. They are not recognized as a liability until they are declared.

7 0

3 years ago

In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. T

Zepler [3.9K]

Answer:

revenue recognized

2018 = $2,800,000

2019 = $4,500,000

2020 = $2,700,000

gross profit

2018 = $616,000

2019 = $990,000

2020 = $383,400

Explanation:

Percentage of 2018 2019 2020

completion method

Cost incurred in $0 $2,184,000 $5,694,000

previous year

+ Cost incurred $2,184,000 $3,510,000 $2,316,600

during the year

Total cost incurred $2,184,000 $5,694,000 $8,010,600

+ Estimated cost to $5,616,000 $2,106,000 $0

be incurred

Total estimated cost $7,800,000 $7,800,000 $8,010,600

to be incurred

Percentage of 28% 73% 100%

completion

Total revenue $10,000,000 $10,000,000 $10,000,000

Total revenue $2,800,000 $7,300,000 $10,000,000

recognized (% of completion x total revenue)

- Revenue recognized ($0) ($2,800,000) ($7,200,000)

in previous year

= revenue recognized $2,800,000 $4,500,000 $2,700,000

in current year

gain/loss 2018 2019 2020

Revenue $2,800,000 $4,500,000 $2,700,000

- Cost incurred ($2,184,000) ($3,510,000) ($2,316,600)

Gross profit $616,000 $990,000 $383,400

8 0

2 years ago

Green Field county stadium is planning to conduct a cricket match between two teams A and B. A large crowd is expected in the st

ANTONII [103]

Answer:

Mode Name: BS-485 Half Duplex Mode 2 wires

Reason 1: less Noisy

Reason 2: Allows upto 32 receivers

Explanation:

The BS-485 is an electrical interface, that supports half-duplex mode through 2 wires, and full-duplex mode through four wires. However, here, we only need the half-duplex mode, and that is enough as the recordings are to be shown on the screen, which is the receivers, and they do not need to talk to the transmitter, while the transmitter is transmitting the recordings to the screen. And since, BS-485 supports around 32 receivers, its more than enough for this question requirement. So its half-duplex mode, and an example of the Serial data transmission. And also, it's synchronous, as there is no stop in between the data packets.

4 0

2 years ago