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3 years ago

Which of the following risk factors indicates an increased risk of misappropriation of assets?

1 answer:

4 0

Answer: In the given case, the following indicates an increased risk of misappropriation of assets: lack of mandatory vacations for employees performing key functions.

Here, employees are a integral part of an organization. They are considered as one of the most vital asset of an organization. Therefore if there are lack of mandatory vacations for employees then there will be an increase in risk of misappropriation of assets.

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One way to view the results of multiple indicators is to use a chart called a ____________ . a. summarization chart b. pareto ch

zheka24 [161]

Answer:

The correct answer is letter "C": Matosas matrix.

Explanation:

In business fraud detection, the Matosas matrix is a chart useful for contract bidding. Its key feature is allowing to enter multiple indicators in the chart. Each column in the chart represents an indicator so, those indicators can be combined for an easier understanding of the study and to spot the indicators that need adjustments for better results.

5 0

3 years ago

Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each

Aliun [14]

Answer:

$2,255

Explanation:

The computation of the cost of good sold using the LIFO method is shown below:

Data given in the question

On October 1 = 8 units at $200 each

On October 2 = 20 units at $205 each

And, 11 units are sold on October 4

So using the LIFO method, the cost of goods sold for 11 units is

= Number of units sold × price of each units

= 11 units × $205

= $2,255

6 0

3 years ago

Currently, Cathy's Shirt Shop sells 498 units a month at an average price of $98 a unit. The company thiks it can increase sales

Katena32 [7]

Answer:

$6,020

Explanation:

Calculation for the incremental cash inflow

Using this formula

Incremental cash flow=(Average price per units-Variable cost per unit)*Additional units

Let plug in the formula

Incremental cash flow = ($98 - $55)*140 units

Incremental cash flow=$43*140 units

Incremental cash flow= $6,020

Therefore the incremental cash inflow will be $6,020

4 0

3 years ago

Based on the information in the article, which title would be most appropriate?

mylen [45]

Answer:

Common evaluation criteria include: purpose and intended audience, authority and credibility, accuracy and reliability, currency and timeliness, and objectivity or bias.

Explanation:

3 0

3 years ago

Read 2 more answers

Strong Look Corporation provided the following information to its accountants. The company had current assets of $145,332, net f

belka [17]

Answer:

Explanation:

Given the following :

current assets = $145,332

Net fixed assets = $356,190

Other assets = $4,176

Long-term debt = $76,445

Common stock = $200,000

Retained earnings = $134,461

Current liabilities = ( Total assets - Long-term debt - Total stockholders' equity)

Total assets = (current + net + other) assets

Total assets = $(145,332 + 356,190 + 4, 176) = $505,698

Total Stockholder's equity = ( common stocks + retained earning)

Total stockholders' equity = $200,000 + $134,461 = $334,461

Current liabilities = ( Total assets - Long-term debt - Total stockholders' equity)

Current Liabilities :

($505,698 - $76,445 - $334,461) = $94,792

6 0

3 years ago