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saul85 [17]
3 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]3 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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The current economy is strong and many people are feeling confident about their future and ability to pay off debt. Because of t
mixas84 [53]

Answer:

They would increase the quantity supplied of loans and increase the interest rate

Explanation:

Monetary policy

This is simply refered to as alterations or changes in the interest rate to alter or influence the level of aggregate demand in an economy that is the demand side policy.

The central banks are known to be regulators of commercial banks and bankers to governments. The interest rate is the price of money. They manages interest rates to influence the money supply. They set the base rate of interest and the base rate influences all other interest rates that commercial banks use (i.e. savings rate, mortgage rate, car loan rate

7 0
2 years ago
if you want to be able to compare different investments , which piece of information is the most helpful
mariarad [96]
The interest rate and how well the product is selling.
5 0
3 years ago
Which position or group of stakeholders has the most power in your organization or one with which you are familiar? Is their pow
MrMuchimi

The stakeholder group with the most power over the organization is the board, whose power is gained through formal positions.

<h3 /><h3>How is the board of directors formed?</h3>

It is formed by the company's owners, investors and shareholders, who occupy the highest hierarchical positions and have the greatest decision-making power over organizational actions.

The distribution of power in a company can motivate employees, because leadership is able to influence positive attitudes.

Therefore, in some companies, there is also the decentralization of functions, generating greater autonomy in the lower hierarchical positions.

Find out more about stakeholders here:

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4 0
2 years ago
Knox Company has a new product with a projected selling price of $6.00 each. It estimates that it could sell 100,000 units annua
Pachacha [2.7K]

Answer:

350,000

And if done per unit, $3.50

Explanation:

Both sales and variable cost are dependent on the number of units sold.

The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income.

The target cost of the product is the difference between the selling price and the anticipated profit.

Target cost per unit

= $6.00 - $2.50

= $3.50

Total Target cost = $3.50 * 100,000

= $350,000

6 0
3 years ago
Big Tommy Corporation is a local grocery store organized seven years ago as a corporation. The bookkeeper prepared the following
Natali [406]

Answer:

                        Big Tommy Corporation

      Profit and Loss for the year ended December 31

Sales                                                                         404,000

Cost of Goods Sold                                                 279,000

Gross Profit                                                               125,000

<em>Operating Expenses:</em>

Salaries and Wages Expense                   58,000

Office Expenses                                         16,000

Travel Expenses                                           1,000    75,000

Operating Income:                                                     50,000

Non-Operating Expenses

Income Tax Expense                                 15,000     15,000

Net Income                                                                 35,000

Explanation:

Multistep income statement makes a clear distinction on Operating Incomes and Expenses and Non-Operating Incomes and Expenses

Operating income is Profit generated from Primary activities of the company

Non-Operating Incomes and Expenses do not relate to the Primary activities of the firm.They occur as a result of secondary activities.

7 0
2 years ago
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