C!! :) the free market provides people with the goods they wabt at thr price they're willing to pay
Answer:
B $1,625
Explanation:
The computation of the ending inventory based on the lower-of-cost-or-market value is shown below:
The ending inventory units = Beginning inventory + purchase of inventory - selling units
= 15 units + 35 units - 25 units
= 25 units
So, the cost of ending inventory = ending inventory units × purchase price
= 25 units × $84
= $2,100
And, the market value equal to
= ending inventory units × replacement cost
= 25 units × $65
= $1,625
Based on the lower-of-cost-or-market value, the ending inventory would be $1,625
d. All of the above
To be granted or have a performance bonus increased.
To prevent being let go for performing poorly.
To keep the company's actual performance a secret.
<h3>What is financial statement fraud?</h3>
Asset misappropriation, financial and non-financial reporting, regulatory compliance areas, and illegal conduct should all be covered in the fraud risk assessment.
One of the most typical methods used to commit financial statement fraud is the recording of false revenues. Due to their understanding of accounting and unrestricted access to accounts, the controller or chief financial officer (CFO) of a corporation is frequently the perpetrator of financial statement fraud.
By purposefully making false assertions, fraudsters may be after either monetary or non-monetary assets. Fraudulent conduct could include, for instance, knowingly lying about one's age to gain a driver's license, criminal past to get a job, or income to get a loan.
To learn more about financial statement fraud refer to:
brainly.com/question/28240425
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Answer:
2 times
Explanation:
The computation of accounts receivable turnover is shown below:-
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
where,
Net credit sales is $1,000,000
And, the Average accounts receivable is
= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2
= ( $700,000 + $300,000) ÷ 2
= $500,000
Accounts receivable turnover = Net sales ÷ Average accounts receivable
= $1,000,000 ÷ $500,000
= 2 times
Answer: Bait and switch
Explanation:
The type of fraud here is referred to as the bait and switch fraud. This fraud occurs when customers are told about the low prices and quality of a product but aren't available when customers want to purchase such products and they're then given products that are costlier or products that are of lesser quality.
This can be seen in the question when the sales associate advertised the video game system for a reduced price which wasn't available when customers wanted to buy but were offered a game that was costlier.
