Stock and bond markets:

Match each situation with the fraud triangle factor (opportunity, financial pressure, or rationalization) that best describes it

noname [10]

Answer:

The answers are:

A) Financial pressure

B) Rationalization

C) Financial pressure

D) Opportunity

Explanation:

Financial pressure refers to the fraudster's motive to commit fraud is because they need to obtain money,

Rationalization refers to the fraudster's mindset that justifies him to commit fraud, for him it is OK and fair to do it.

Opportunity refers to the situation that enables fraud to occur, e.g. when someone is responsible for an action and then no on controls those actions.

5 0

3 years ago

A professional soccer player was disciplined for failing to abide by a team policy which required all players to stand for a mom

monitta

Answer:

Against the player, because the team's policy is not unconstitutional.

Explanation:

A constitution is defined as a set of rules and laws that governs the way a community operates. It provides guidelines of proper way of doing things and deviation from these guidelines have penalties.

In the given scenario the team has a policy which required all players to stand for a moment of silence before the start of each game.

This is a widely accepted activity before football matches to remember players that have died.

So a violation of this policy can be punished because the policy is one that is acceptable by constitution

7 0

3 years ago

Joel klippert developed a business plan, found funding, and risked his time, effort, and money to start kliptech to manufacture

Wittaler [7]

Klippert is best described as a SOLE PROPRIETORSHIP.
A sole proprietorship business is also called a one man business. In this kind of business formation, the owner of the business is responsible for starting the business and getting it ruining. The owner draws up the business plan, get the capital and see to the day to day activities of the business.

5 0

3 years ago

An MNC issues ten-year bonds denominated in 500,000 Philippines pesos (PHP) at par. The bonds have a coupon rate of 15 percent.

skelet666 [1.2K]

Answer:

Option (b) 15.0 percent

Explanation:

Data provided in the question:

Value of the bonds issued in Philippines pesos (PHP) at par = 500,000

Coupon rate = 15 percent

Now,

In the given question the bonds are issued at par.

Also, over the life of the bonds the exchange rate remains stable and until maturity the bonds are held

Therefore,

the financing cost will be equal to the coupon rate of the bond. i.e 15%

Hence,

Option (b) 15.0 percent

6 0

3 years ago

Geraths Windows manufactures and sells custom storm windows for three-season porches. Geraths also provides installation service

UNO [17]

Solution and Explanation:

a. Prepare the journal entries for Geraths in 2014.

On July 1, 2014, Geraths enters into a contract with a customer for the purchase and installation of window for a price of $2,400. No journal entry.

On september 1, 2015.

Windows = $2,000

Installation = $600

Total = $2,600

Allocation

Particulars Amount

Installation $(\$ 600 / \$ 2,600) \times \$ 2,400$ 554

Windows $(\$ 2,000 / \$ 2,600) \times \$ 2,400$ 1,846

Revenue recognized 2,400

Date Account details Debit Credit

Sep 1,2015 Cash 2,000

Account receivable 400

unearned service revenue 554

Sales revenue 1846

Cost of goods sold 1100

Inventory 110

15 oct,2015 Cash 400

unearned service revenue 554

Service revenue (installation) 554

Account receivable 400

(Revenue recognized after service provided)

On september 1,2015.

Windows = $2,000

Installation $(\$ 400+(20 \% \times 400)$ = $480

Total = $2,480

Allocation.

sales revenues 200,000

Particulars Amount

Installation 465

Windows 1,935

Revenue recognized 2,400

Date Account details Debit Credit

Sep 1,2015 Cash 2,400

Account receivable 400

unearned service revenue 465

Sales revenue 1935

Cost of goods sold 1100

Inventory 1100

(Windows delivered,Instailation recorded )

15 oct,2015 Cash 400

unearned service revenue 465

Service revenue (installation) 465

Account receivable 400

(Revenue recognized after service provided)

5 0

3 years ago