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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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You are a finance intern at Chambers and Sons and they have asked you to help estimate the company's cost of common equity. You
koban [17]

D1 = $ 1.25

P0 = $ 27.50

g = 5 % = 0.05

F = 6 % = 0.06

Cost of equity, re = D1/ {P0 x (1- F)} + g

                             = $ 1.25 / {$ 27.50 x (1- 0.06)} + 0.05

                             = $ 1.25 / ($ 27.50 x 0.94) + 0.05

                             = $ 1.25 / 25.85 + 0.05

                           = 0.048356 + 0.05

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4 0
3 years ago
Which of the following statements is correct? Select one: a. Financial institutions in other countries generally are less regula
dexar [7]

Answer:

A

Explanation:

Domestic firms go global in order to enter unsaturated markets

Not all countries report their financial statements in US dollars

Firms can avoid labour laws that apply to foreign manufacturers by establishing manufacturing units in the country where the hurdles don't apply

Due to cultural differences, different marketing strategies have to be applied

4 0
3 years ago
Carbondale Casting produces cast bronze valves on a 10-person assembly line. On a recent day, 160 valves were produced during an
RideAnS [48]

Answer:

(a) 2

(b) 2.25

(c) 12.5%

Explanation:

To solve this question we need to remember that

Total \, Productivity = \frac{Total\,Ouput}{Total \, Man \, Hours}

(a) 10 persons produce 160 valves in 8 hours, this implies a productivity of 2=160/(8x10)

(b) 2.25= 180/(8x10)

(c) Percentage change is given by (2.25-2)/2=.125

5 0
3 years ago
How does Apple advertise their Iphone 11 and become successful? It has to be a judgement on how successful they were.
crimeas [40]

Well, through commercials, but they were mainly successful because everyone (almost) knows and trusts Apple, so when the latest product is released, everyone flocks to it because it's new, cool, sleek, and awesome.

They also do partnerships with Verizon and Sprint or whatever.

3 0
3 years ago
Read 2 more answers
Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $30,5
DIA [1.3K]

Answer:

$38,500

Explanation:

Sheridan's ending cash balance can be calculated as;

= Beginning cash balance + cash provided by operating activities + cash provided by financing activities - cash used by investing activities

= $5,500 + $30,500 + $13,500 - $11,000

= $38,500

Therefore, the ending cash balance is $38,500

6 0
2 years ago
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