Fraud is knowingly making false statements or representation of material facts to obtain a benefit or payment for which no entitlement would otherwise exist.
<h3>What exactly fraud is?</h3>
Fraud is a deceptive activity being made by the offender in order to gain an unlawful gain by harming the rights of the victim.
Fraud is an intentionally done unethical activity or making false statements for deceiving the interests of an individual.
It may include the tax fraud, card fraud, investment fraud etc.
Learn more about the fraud here:-
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Answer:
A) there is fierce price competition among sellers.
Explanation:
A product's competition intensifies in the maturity stage, since more competitors enter the market and new production technologies reduce manufacturing costs. The only way a company can increase its customer base is by taking them away from its competitors.
Answer:
See below
Explanation:
Ethtridge manufacturing company
Statement of cost of goods manufactured for the month ended, July 31
Work in process July 1
$316,400
Add: Cost of direct materials used in production
$1,150,000
Direct labor
$966,000
Total factory overhead
$490,500
Total manufacturing cost incurred
$2,606,500
Total manufacturing costs
$2,922,900
Less: Work in process July 31
($355,500)
Cost of goods manufactured
$2,567,400
