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Gelneren [198K]
3 years ago
8

You were asked to investigate extremely high, unexplained merchandise shortages at a department store chain. Classify each of th

e five situations as a fraudulent act, an indicator of fraud, or an event unrelated to the investigation. Justify your answers. (Adapted from the CIA Examination) a. The receiving department supervisor owns and operates a boutique carrying many of the same labels as the chain store. The general manager is unaware of the ownership interest.
Business
1 answer:
Nutka1998 [239]3 years ago
8 0

Answer:

(a) INDICATOR OF FRAUD

Explanation:

The reason is that the supervisor has an outside business setup related to the department's setup which gives rise to a conflict of interest.

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Tony decides to hold the company’s first adventure race on December 15. Four-person teams will race from checkpoint to checkpoin
coldgirl [10]

Answer:

Dr. Cash                             $2,200

Cr. Unearned revenue     $2,200

Explanation:

As the entry fee for the the racing event is received in advance. The event is on December 15 and the entry fee is received earlier to decide the participants of the race. This receipt is not considered as the revenue income until the event held and race is over. The unearned revenue is considered as the liability and recorded in unearned revenue account as action from the tony side is due. as Tony completes action which is the racing event, the revenue will be recorded.

7 0
3 years ago
Which of the following best represents a "supply curve"?
mestny [16]

Answer:

I think the answer is B

Explanation:

if theres a drop in supply there will be a price change aswell, most of the time increases the price of products.

6 0
3 years ago
A sporting equipment store expects to purchase $7,800 of ski boots in October. The store had $3,800 of ski boots in merchandise
Maksim231197 [3]

Answer:

Cost of goods sold = $8,800

Explanation:

<em>The cost of goods is represents amount incurred to make available  what has been sold. It is computed as follows:</em>

<em>Cost of goods sold = opening stock + purchases - closing inventory</em>

It is useful to determine the cost of goods so as to calculate the gross profit margin. The gross profit is the sales revenue less cost of goods sold.

So we can compute same for the sporting equipment store as follows:

Cost of goods sold = 3,800 + 7,800 - 2,800

= $8,800

Cost of goods sold = $8,800

5 0
3 years ago
Hawaiian food would be an example of what type of cuisine?
iragen [17]
Nouvelle cuisine



Hope it helps


Pls mark as brainlist
8 0
3 years ago
Suppose the price elasticity of demand for oranges is 0.8. if a fall frost destroys one-third of the nation's orange crop, how w
Tresset [83]
<span>Total revenue from oranges will fall. Notice that the question assumes everything else unchanged. This means that even though the quantity has been reduced by the frost, the price is unchanged. Thus all producers are selling fewer oranges at the same price. It logically follows that total revenue will fall.</span>
3 0
3 years ago
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