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4 years ago

Embezzlement is distinguished from fraud on the basis of:

1 answer:

4 0

Embezzlement happens when somebody depended with property deceitfully changes over it, keeps it for their own utilization. Theft is recognized from extortion on the premise of when the criminal purpose was framed.

Embezzlement once in a while includes distortion of records keeping in mind the end goal to hide the action. Thieves regularly discharge generally little sums more than once, in an efficient as well as deliberate way, finished a drawn out stretch of time, albeit a few thieves mystery one extensive aggregate at once.Some extremely effective theft plans have proceeded for a long time before being recognized because of the expertise of the thief in covering the idea of the exchanges or their aptitude in picking up the trust and certainty of speculators or customers, who are then hesitant to "test" the thief's reliability by driving a withdrawal of assets.

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A revenue variance is the difference between what the total sales revenue should be, given the actual level of activity of the p

san4es73 [151]

Answer: True

Explanation:

Revenue variances are used by an organization in order to know the difference that exists between the expected sale by the organization and and actual sales.

The revenue variance is the difference between what the total sales revenue should be, given the actual level of activity of the period, and the actual total sales revenue.

4 0

3 years ago

Read 2 more answers

Computing first-year depreciation and book value At the beginning of the year, Austin Airlines purchased a used airplane for $33

irakobra [83]

Answer:

1. a. $560,000

b. $13,400,000

c. $7,700,000

Explanation:

The computation of the depreciation expense and the year end book value for the first year is shown below:

a) Straight-line method:

= (Purchase value of airplane - residual value) ÷ (useful life)

= ($33,500,000 - $5,500,000) ÷ (5 years)

= ($28,000,000) ÷ (5 years)

= $560,000

In this, the depreciation expense is same for all the remaining useful life

(b) Double-declining balance method:

First we have to find the depreciation rate which is shown below:

= Percentage ÷ useful life

= 100 ÷ 5

= 20%

Now the rate is double So, 40%

In year 1, the original cost is $33,500,000, so the depreciation is $13,400,000 after applying the 40% depreciation rate

(c) Units-of-production method:

= (Purchase value of airplane - residual value) ÷ (estimated miles)

= ($33,500,000 - $5,500,000) ÷ ($4,000,000 miles)

= ($28,000,000) ÷ ($4,000,000 miles)

= $7 per miles

Now for the first year, it would be

= Expected miles in first year × depreciation per miles

= 1,100,000 miles × $7 per miles

= $7,700,000

Now the book value would be

Straight-line method:

= Acquired value of a plain - accumulated depreciation

= $33,500,000 - $560,000

= $32,940,000

Double-declining balance method:

= Acquired value of a plain - accumulated depreciation

= $33,500,000 - $13,400,000

= $20,100,000

Units-of-production method:

= Acquired value of a plain - accumulated depreciation

= $33,500,000 - $7,700,000

= $25,800,000

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4 years ago

Jessica Adams is 21 years old and has just graduated from college. In considering the retirement investing options available at

Marina CMI [18]

Answer:

The summary as per the given query is summarized in the explanation section below..

Explanation:

The given values are:

The nominal rate of return,

= 7%

i.e.,

= 0.07

Inflation,

= 4%

i.e.,

= 0.04

Lengthy-term inflation would lessen the return on investment that lowers the net return as long-term investments are made.
It can also aim to obtain a higher return that will comfortably exceed the rate of inflation and therefore is beneficial towards diminishing the average return.

Now,

The rate of return will be:

= $(\frac{1+ nominal \ rate \ of \ return}{1+Inflation}) -1$

On substituting the values, we get

= $(\frac{1+0.06}{1+0.04} )-1$

= $(\frac{1.07}{1.04} )-1$

= $1.028846-1$

= $2.8846 \ percent$

Therefore it isn't able to measure the average return rate because the quantity of years for its expenditure.

5 0

3 years ago

Michael has been saving his money and wants to invest it. After doing some research, he has decided to invest $20,000 into a Cer

MissTica

Since he is planning on an annual inflation rate of 2%., the statement that explains the interest rates relating to the CD is nominal interest rate is 3% while the real interest rate is 1%.

A real interest rate refers to the nominal rate which is adjusted for inflation.

We are given that Interest (nominal rate) is 3% and planned Inflation rate = 2%

Real interest rate = 1% (Nominal rate - inflation rate)

Hence, the statement that explains the interest rates relating to the CD is nominal interest rate is 3% while the real interest rate is 1%.

Therefore, the Option B is correct.

Read more about Real interest rate

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3 0

2 years ago

Read 2 more answers

The following information about the payroll for the week ended December 30 was obtained from the records of Pharrell Co.:

hram777 [196]

Answer:

1) December 30, 202x, wages expense

Dr Wages expense 777,000

Cr Federal income taxes withheld payable 135,975

Cr OASDI taxes withheld payable 46,620

Cr Medicare taxes withheld payable 11,655

Cr Retirement savings (401k) payable 17,094

Cr Group insurance payable 11,655

Cr Wages payable 551,670

December 30, 202x, payroll tax expense

Dr OASDI taxes expense 46,620

Dr Medicare taxes expense 11,655

Dr FUTA taxes expense 240

Dr SUTA taxes expense 2,160

Cr OASDI taxes payable 46,620

Cr Medicare taxes payable 11,655

Cr FUTA taxes payable 240

Cr SUTA taxes payable 2,160

2) December 30, 202x, wages expense

Dr Wages expense 777,000

Cr Federal income taxes withheld payable 135,975

Cr OASDI taxes withheld payable 46,620

Cr Medicare taxes withheld payable 11,655

Cr Retirement savings (401k) payable 17,094

Cr Group insurance payable 11,655

Cr Wages payable 551,670

January 5, 202y, payroll tax expense

Dr OASDI taxes expense 46,620

Dr Medicare taxes expense 11,655

Dr FUTA taxes expense 4,662

Dr SUTA taxes expense 41,958

Cr OASDI taxes payable 46,620

Cr Medicare taxes payable 11,655

Cr FUTA taxes payable 4,662

Cr SUTA taxes payable 41,958

5 0

3 years ago