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TiliK225 [7]
3 years ago
14

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?
a. Larceny
b. Skimming
c. Kiting
d. Currency balancing
Business
1 answer:
Korolek [52]3 years ago
6 0

Answer:

b. Skimming

Explanation:

Skimming is a scheme to evade tax, wherein business accept the amount from customer without recording in the accounting system. It is one of the off book fraud as cash was theft before it is entered into the book keeping system. It is difficult to detect as it does not have audit trail.

There type of skimming fraud:

  • Direct theft
  • Tax evasion
  • Bribery

In the given case, 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. Therefore, as per the defination of skimming, Anne has commited Skimming fraud.

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Which scenario best reflects the relationship between production and demand in a recession?
Zarrin [17]

Answer:

C. Car dealerships cannot sell their stock

There are four scenarios as following:

a.) Car dealerships have minimal overstock.

b.) Car dealerships are not restocking.  

c.) Car dealerships cannot sell their stock.

d.) Car dealerships cannot obtain stock.

=> The answer is C

Explanation:

Recession is the term used to describe the situation when a country suffer from the negative economic growth (indicated in the negative GDP growth rate).

The recession is considered the result of the economic downfall of that country, resulting in the decrease in capital inflow, slowing down the production and increasing the unemployment rate in that country. Consequently, the wage of people there would decrease, lowing their consumption. So that with lower demand and level of expense of the market, the <u><em>car dealerships cannot sell their stock. </em></u>

8 0
3 years ago
Read 2 more answers
A report’s "skimmability" means ________. that the information provided is not important that you should skip a certain portion
k0ka [10]

Answer: Helping make the report accessible by using a readable font, headings, lists, and white space.

Explanation:

For a report to be skimmable, it means that the report is capable of being read through quickly. The is very important in the business world because most executives barely have time but have to keep up to date witu reports and so prefer skimmable reports.

For a report to be skimmable though it needs to be very clear and concise. The reader must be able to grasp the important information quickly. This is why the report must be accessible by using a readable font, headings, lists, and white space. They will ensure that the reader gets the information needed simply by reading through.

6 0
3 years ago
sheridan company had beginning inventory of $12600 at March 1, 2022. During the month, the company made purchases of $54600. The
ANTONII [103]

$52670 is the cost of goods sold for the month of March

<h3>What is cost of goods ?</h3>

The carrying value of goods sold during a specific period is referred to as the cost of goods sold. Costs are assigned to specific items using one of several formulas, such as specific identification, first-in-first-out, or average cost.

The value of a company's cost of goods sold is determined by the inventory costing method used. When recording the level of inventory sold during a period, a company can use one of three methods: The average cost method, first in, first out (FIFO), and last in, first out (LIFO)

If COGS rises, net income will fall. While this change is advantageous for income tax purposes, the business will generate less profit for its shareholders. Businesses thus try to keep their COGS low so that net profits will

To know more about cost of goods  follow the link:

brainly.com/question/13767214

#SPJ4

7 0
2 years ago
Sumiko files her tax return married filing separately. She has not lived with her husband for over two years. Beginning in Janua
Bezzdna [24]

Answer:

b. 7,200

Explanation:

600 x 12 =7200

4 0
3 years ago
_____ occurs when investors earn interest in the current time period on interest earned in previous time periods.
Oliga [24]
Is it Compound interest?
7 0
3 years ago
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