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3 years ago

Which of the following is the best way to hide theft of assets?

Business

1 answer:

Marysya12 [62]3 years ago

5 0

Answer:

The correct answer is letter "D": Charging the stolen asset to an expense account.

Explanation:

An asset misappropriation takes place when individuals take advantage of the job position they have in order to profit from fraudulent activities. The fraud could be caused by any employee within a given organization, from high executives to any of their subordinates.

In the case, option "D" is a good example of asset misappropriation since it is being charged to an expense account a good that was stolen when that kind of account is only useful to report work-related expenses.

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onds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $10,000. If the issuing corporation rede

posledela

Answer:

The correct answer is $15,000.

Explanation:

According to the scenario, the given data are as follows:

Bonds payable balance = $1,000,000

Discount on bonds = $10,000

So, Balance in bonds = $1,000,000 - $10,000

= $990,000

Rate of bonds = 97.5

So , we can calculate the amount of gain or loss on redemption by using following formula:

First we calculate number of bonds = $1,000,000/$100

= 10,000

Now, we multiply the remaining by bond rate, we get

= 10,000 × 97.5

= 97,500

So, now we can calculate gain by using following method:

Gain = $990,000 - $975,000

= $15,000

Hence, the amount of gain is $15,000.

7 0

3 years ago

5 percent increase in the price of good C leads to a 20 percent decrease in the quantity demanded of good D. Instructions: Round

Colt1911 [192]

Answer:

Cross-price elasticity = -4
Goods are compliments.

Explanation:

The cross-price elasticity of two goods refers to how the change in price of one affects the change in price of another. It also shows which goods are compliment or substitutes.

Complimentary goods have a negative cross-price elasticity and substitutes have a positive one.

Cross price elasticity = % change Quantity demanded of X / % change in Price of Y

= -20% / 5%

= -4

These goods are compliments as the cross-price elasticity is a negative.

8 0

3 years ago

On June 30, 2021, Mabry Corporation issued $5 million of its 8% bonds for $4.6 million. The bonds were priced to yield 10%. The

Vedmedyk [2.9K]

Answer:

D. $30,000

Explanation:

The bond is issued on discount when the issuance price is less than the face value of the bond. The discount is expensed over the bond period until maturity. It is added to the interest expense value to expense it.

This discount will be amortized using Effective Interest method as below

Interest Payment = $5,000,000 x 8% x 6/12 = $200,000

Interest Expense = $4,600,000 x 10% x 6/12 = $230,000

Discount amortization = $230,000 - $200,000 = $30,000

5 0

3 years ago

Mark is the inventory-control manager at Shield Corp. He usually places an order for steel rods based on the firm's daily requir

diamong [38]

Answer:

b. just-in-time inventory management

Explanation:

Just in Time (JIT) inventory relates to an inventory control program with the goal of making inventory conveniently able to meet demand, just not to the extent of overload where you have to store extra items. JIT inventory has been used to better cut costs, open up storage space, and reduce error levels.

8 0

4 years ago

Gould Enterprises sells computer disks for $1.50 per disk. Unit variable expenses total $0.90. The breakeven sales in units are

Lera25 [3.4K]

Answer:

1,300 units

$1,950

Explanation:

The computation of margin of safety in units is given below :-

Margin of safety in units = Budgeted sales in units - Break-even sales in units

= 4,300 units - 3,000 units

= 1,300 units

The computation in dollars of safety is given below :-

Margin of safety in dollars = Margin of safety in units × Selling per unit

= 1,300 × $1.50

= $1,950

4 0

3 years ago