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Rainbow [258]
3 years ago
14

Which of the following fraudulent activities most likely could be perpetrated due to the lack of effective internal controls in

the revenue cycle?A. Merchandise received is not promptly reconciled to the outstanding purchase order file.B. Obsolete items included in inventory balances are rarely reduced to the lower of cost or market value.C. The write-off of receivables by personnel who receive cash permits the misappropriation of cash.D. Fictitious transactions are recorded that cause an understatement of revenue and overstatement of receivables.
Business
1 answer:
Alex17521 [72]3 years ago
8 0

Answer:

C. The write-off of receivables by personnel who receive cash permits the misappropriation of cash.

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The "decision model that computes the difference between the present value of the investment's net cash inflows, using a desired
DIA [1.3K]

Answer:

C) Net present value

Explanation:

In this method, the initial investment is subtracted from the discounted present value cash inflows. If the amount comes in positive than the project is beneficial for the company otherwise not.

And, the internal rate of return is that return in which the Net present value come zero.

The average rate of return shows a ratio between the average net profit and the average investment.

In mathematically,

Net present value = Present value of all yearly cash inflows after applying discount factor - initial investment

7 0
3 years ago
Bonds are
Alexxx [7]

Considering the available options, Bonds are a "<u>store of value, but not a medium of exchange."</u>

<h3>What are Bonds?</h3>

Bonds is a term or entity in the financial world to describe a form of fixed-income security that has its terms stipulated in an indenture or legal contract.

<h3>Medium of Exchange</h3>

On the other medium of exchange is an entity used in a transaction to exchange goods or services.

In modern times, the medium of exchange is currency or money.

Hence, in this case, it is concluded that the correct answer is option B. "<u>store of value, but not a medium of exchange."</u>

Learn more about Bonds here: brainly.com/question/25425872

4 0
2 years ago
You are to write a main() program in c++ implementing the test cases that were created for task 1. Your main() program will use
kirill [66]
The first test case should fail. When all the test results are completed, you will save the test case results
8 0
3 years ago
From an Associated Press article on Venezuela dated January 22, 2008: "... troops are cracking down on the smuggling of food ...
Sunny_sXe [5.5K]

Answer:

C. Letter C; demand exceeds supply, resulting in a shortage

Explanation:

I had put my answer as A on the test and got it wrong. But this is the correct answer C.

5 0
3 years ago
What is the term used to describe the reduction of the balance owed on a loan with each payment made over a period of time?
jeyben [28]

Answer:

The term used to describe the reduction of the balance owed on a loan with each payment made over a period of time is:

d. amortization.

Explanation:

Amortization of a loan is the gradual reduction of the balance owed on a loan because payments are being made over a period of time.  Each payment is, therefore, a reduction of the borrowed fund.  This gradual reduction through periodic payments is called amortization of the borrowed fund.  Loan amortization, therefore, implies the spreading out of the loan payments over time.  It is not the same as asset amortization, which is a kind of depreciation.

8 0
2 years ago
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