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mixer [17]
2 years ago
6

5.3 Fraud is gaining an unfair advantage over another person. Legally, for an act to be fraudulent there must be:

Business
1 answer:
OlgaM077 [116]2 years ago
7 0

Answer: All listed options are correct.

Explanation: Fraud simply means to cheat someone, by presenting a wrong representation of something to the defrauded person.

For fraud to take place it is properly planned with an intent to deceive the target victim, gain an unfair advantage over the victim.

In most cases of fraud there is a monetary exchange between the victim of fraud and the person planning the fraud.

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In perfect competition, each additional unit of output that a firm sells will yield a marginal revenue that is:
il63 [147K]

Answer:

The correct answer is equal to price.

Explanation:

A perfectly competitive firm is a price taker. This is because of the large number of firms, no single firm is able to influence the price. So each firm faces a horizontal demand curve. This horizontal line shows demand, marginal revenue, and average revenue.  

The price level is determined at the point where the marginal cost is equal to price. The marginal revenue is always equal to price because the price is fixed at a point, each output level is supplied at the same price.

4 0
3 years ago
Kilroy Corporation provides services to a customer for $1,000. The customer complained that there was a slight defect in the ser
nordsb [41]

Answer:

debit to Sales allowance of $50

Explanation:

When some defect in a product is revealed or notified by the buyer, the seller usually grants the customer an allowance which is termed as sales allowance.

It is usually allowed when the customer agrees to keep the product instead of returning the defective product which would constitute sales returns.

Following journal entry is recorded for recording sales allowance

Sales Allowance A/C                                     Dr. $ 50

    To Accounts Receivable                                          $50

(Being allowance for defects recorded)

Sales allowance is deducted from gross sales before the customer makes payment.

8 0
3 years ago
A(n) _____ is a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project. a.
Svet_ta [14]

Answer: Work breakdown structure.

Explanation:

A work breakdown structure is as the name implies a breakdown of the stages of work involved in successfully completing a greater objective/project. The work breakdown structure is drafted out and gives member of a team direction on the steps needed to achieving their desired objectives.

8 0
3 years ago
In order to make sure that a creditor of the insured is not paid more than the outstanding loan at time of claim, the policyowne
Harman [31]

So one can make sure that a creditor of the insured isn't paid more than the exquisite mortgage at the time of declaration, the coverage proprietor should: Convertible insurance

A creditor is an entity, a business enterprise, or someone of a felony nature that has provided items, offerings, or a financial loan to a debtor. as soon as a creditor has given a loan, the fee is expected at a later date, generally agreed upon in advance.

A creditor is a man or woman or institution that extends credit to any other celebration to borrow cash normally by way of a mortgage agreement or contract. lenders including banks can repossess collateral like homes and automobiles on secured loans, and take borrowers to the courtroom over unsecured money owed.

For instance, a debtor/creditor relationship is if you take out a mortgage to shop for your house. then you as the property owner are a debtor, while the bank that holds your loan is the creditor. In trendy, if someone or entity has loaned cash then they are a creditor.

Learn more about creditors here:

brainly.com/question/27705637

#SPJ4

7 0
1 year ago
On January 1, James Industries leased equipment to a customer for a four-year period, at which time possession of the leased ass
MA_775_DIABLO [31]

Answer:

-  $700,000

<u>- 82,270</u>

<u>- </u> $617,730

- present value of $1: n=4, i=5%

- the present value of an ordinary annuity of $1: n=4, i=5%

Explanation:

Amount to be recovered (fair value):                                              $700,000

Less: Present value of the residual value ($100,000 x .82270*):      82,270

Amount to be recovered through periodic lease payments:           $617,730

Lease payments -: end of each of the next four years: ($617,730 ÷ 3.54595**) $174,207

* present value of $1: n=4, i=5%

** present value of an ordinary annuity of $1: n=4, i=5%

7 0
3 years ago
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