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saul85 [17]
4 years ago
6

Anne Mullens is the bookkeeper for DWG Refrigeration Repair. One afternoon while she was preparing the bank deposit, a customer

came in to the office and paid his account in full with a $57 check. Rather than adding the check to the deposit, Anne pocketed $57 cash from the previously recorded amount and included the customer's check in the money to be taken to the bank. What type of scheme did Anne Commit?
Business
1 answer:
vesna_86 [32]4 years ago
7 0

Answer:

Anne Mullens committed embezzlement.

Explanation:

Embezzlement is defined as misappropriation of funds by someone with whom funds have been entrusted.

It is a theft as the money does not belong to the perpetrator. The perpetrator is only entrusted with funds.

One of the conditions for embezzlement is an existence of a fiduciary (trust) relationship between parties.

In the given case, Anne Mullens pocketed $57 cash from recorded amount instead of recording 57$ customer's payment via check. Instead she included the customer's check in the money to be taken to bank.

This is embezzlement of funds by Anne.

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Which best describes the barrier to trade known as dumping? Destroying shipments of imports to force consumers into purchasing d
Lana71 [14]

Answer: Selling exports abroad at a lower price than the domestic price.

Explanation:

Dumping is a practice in international trade where the country exporting, does so at a price that is lower than the domestic price of the good being exported in the importing country.

This allows the country exporting to gain more market share but can also lead to the collapse of the domestic industry thereby allowing for an export based monopoly to form.

An example would be Japan selling electronics in the U.S. at lower rates to capture market share even though those same electronics commanded a higher price in Japan.

7 0
3 years ago
A net operating loss:
Len [333]

Answer:

a. may be carried back 2 years or carried forward up to 20 years.

Explanation:

As a tax relief to a firmn which current year ended in a loss the government allow to deduct this from the future profit up to 20 years or to reduce the tax obligation for the previous two years

This makes the tax system more just as it is not considering only the good years of the organizations. It also has a particular importance in business which the first years are losses (vineyard or walnuts until the wine is done or the trees generate enough production to pay up the cost) as they can later reduce their gain to compensate for the first years.

8 0
4 years ago
Prepare the adjusting entries on January 31.
Ronch [10]

Explanation:

The Journal entry is shown below:-

1. Supplies A/c Dr,                          $530

      To supplies expenses                        $530

(Being supplies on hand is recorded)

2. Insurance Dr,                               $125

       To Prepaid insurance                         $125

(Being Insurance for the month is recorded)

3. Depreciation Dr,                           $75

        To Accumulated depreciation           $75

(Being depreciation is recorded)

4. Unearned revenue Dr,         $920

         To service revenue                             $920

(Being unearned revenue is recorded)

5. Accounts receivable Dr,                   $330

         To service revenue                             $330

(Being service accounts receivable is recorded)

6. Interest expenses Dr,                         $80

          To Interest payable                              $80

(Being interest expense is recorded)

7. Salaries expense Dr,                          $1460

          To Salary payable                                $1460

(Being salary expense is recorded)

8 0
3 years ago
The American Federation of Labor (AFL) had 1.6 million members by 1904. The AFL represented mainly skilled, white, native-born w
lesya692 [45]

Answer:

Explanation:

As the complete question is not given thus the complete question is found online and is attached herewith.

As per the complete question, the goals of the two foundations are required which are as follows:

American Federation of Labor:

American Federation of Labor made efforts for

  • <em>Cooperation among corporate and political leaders to achieve goals of the working community</em>
  • <em>Settlement of hundreds of industrial disputes </em>
  • <em>Encouraged improvements in safety environment at the factory </em>
  • <em> Establishment of pensions for long-term workers</em>

Industrial Workers of the World

Industrial Workers of the World advocated and worked for:

  • The one big union
  • The rejection of capitalism
  • The inclusion of unskilled and foreign born workers.
6 0
4 years ago
The presence of a positive externality in a market leads to​ ________.
svet-max [94.6K]
Hey there. " The presence of a positive externality in a market leads to.... A. Underproduction of the good." Hope this helps.
6 0
3 years ago
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