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LuckyWell [14K]
3 years ago
14

A travel agency discovers that it has been charged for payments to a print shop drawn on checks written by an unknown third part

y masquerading as the travel agency comptroller. Under which Commercial Crime insuring agreement would this loss be covered?
Business
2 answers:
trasher [3.6K]3 years ago
8 0

Answer:

Forgery or Alteration Coverage Form.

Explanation:

The travel agency loss would be covered under Forgery or Alteration coverage form.

Under Commercial Crime insuring agreement, It insures an individual or business against the forgery or alteration of financial instruments e.g promissory notes, drafts, and checks with respect to payment of a sum of money that was made or drawn by the insured or anyone acting on his/her behalf such as next of kin.

HACTEHA [7]3 years ago
8 0

Answer:

Forgery / alteration

Explanation:

Crime insurance policies are designed to provide coverage against loss of assets, including money and securities, resulting from theft (employee or third party), dishonesty and fraud.

Fraud includes computer fraud, impersonation fraud and forgery or alteration of promissory notes, checks  and any other type of document that may result in a payment of any amount of money.

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es $ 160,000 Accounts receivable increase $ 10,000 Expenses: Inventory decrease 16,000 Cost of goods sold 100,000 Salaries payab
BARSIC [14]

Answer:

                                   Statement of Cash Flows

Cash from operating activities

Net Income                                                                                         $24,000

Adjustments to reconcile net income with

net cash flow from operating activities:

Depreciation                                                                12,000

Increase in accounts receivable                                (10,000)

Decrease in inventory                                                 16,000

Salaries payable increase                                      <u>     1,000             $19,000</u>

Net cash flow : Operating activities                                                  $43,000

8 0
3 years ago
Suppose that for a particular firm the only variable input into the product process is labor and that output equals zero when no
natulia [17]

Answer: The correct answer is <u>$150.</u>

Explanation:  

We know that the marginal cost of hiring a third worker is $ 40. And that the average total cost when 3 workers are hired is $ 50. The average total cost formula is:

Average total cost = (total cost) ÷ (number of workers)

Then we solve the equation in 3 steps:

1) $ 50 = X ÷ 3

2) $ 50 × 3 = X

3) $ 150 = X

We can diagram the workers cost chart

Number of workers - Marginal cost - Total cost

              1                -         $60         -     $60

              2               -         $50         -     $110  

              3               -         $40         -     $150

4 0
3 years ago
The appropriate section in the statement of cash flows for reporting the receipt of cash dividends from investments in securitie
laila [671]

Answer:

Operating activities

Explanation:

In the case when there is a receipts of the cash dividend from the investment securities held so the same would be shown in the operating activities section of the cash flow statement as the cash inflow as the cash is coming also it would be shown in the positive amount

Therefore the first option is correct

4 0
2 years ago
Avery Company has two divisions, Polk and Bishop. Polk produces an item that Bishop could use in its production. Bishop currentl
Aleksandr-060686 [28]

Answer and Explanation:

a. The computation of operating profit is shown below:-

Profit per unit = Purchase price from outside per unit + variable cost of production internally

= $15 - $7

= $8

Total increment in operating profit = Profit per unit × Total number of units

= $8 × 24,000

= $192,000

b. Minimum transfer price = Variable cost = $7 (because polk has overcapacity and there is no change in fixed cost and polk minimum has to recover its variable production cost)

c. Maximum transfer price = purchase cost from outside supplier = $15 (because if the internal transfer piece is more than $15 Bishop will lose so he prefers to buy from outside and the company as a whole will lose $192,000 in incremental operating profit

3 0
3 years ago
Ford Motor Company's use of company resources to build its River Rouge Plant outside of Detroit so that iron ore could enter int
Alenkinab [10]

Answer:

Vertical growth

Explanation:

Vertical growth occurs when a company sets up operations and distribution channels for a new product. There is an expansion from its traditional product offering.

Vertical growth aims to increase control of distribution and suppliers and scaling of product within existing line of production.

Ford motor's initiative in setting up its River Rouge Plant outside of Detroit so that iron ore could enter into one end of the plant and a finished automobile could exit out of the other end is vertical growth.

3 0
3 years ago
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