1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jonny [76]
3 years ago
7

An auditor confirms a representative number of open accounts receivable as of December 31 and investigates respondents' exceptio

ns and comments. By this procedure, the auditor is most likely to learn of which of the following?
A. One of the cashiers has been covering a personal embezzlement by lapping.
B. One of the sales clerks has not been preparing charge slips for credit sales to family and friends.
C. One of the computer processing control clerks has been removing all sales invoices applicable to his account from the data file.
D. The credit manager has misappropriated remittances from customers whose accounts have been written off.
Business
1 answer:
Shkiper50 [21]3 years ago
8 0

Answer:

A. One of the cashiers has been covering a personal embezzlement by lapping.

Explanation:

Embezzlement is characterized as the demonstration of theft or misappropriation of funds put in the trust of somebody. Generally, when an individual endows their property to someone else, yet the individual possessing the property unlawfully changes over the ownership rights with the goal to defraud the true owner, they are embezzling the individual who confided in them with that property.

You might be interested in
Explain five steps in product design for a business
Fittoniya [83]

Explanation:

Five phases guide the new product development process for small businesses: idea generation, screening, concept development, product development and, finally, commercialization.

5 0
3 years ago
the price of summer cabins. as summer​ approaches, the equilibrium price of rental cabins increases and the equilibrium quantity
Roman55 [17]

the price of summer cabins. as summer​ approaches, the equilibrium price of rental cabins increases, and the equilibrium quantity of cabins rented increases increase in demand.

When the price falls below the equilibrium price, the quantity demanded exceeds the quantity supplied, creating an excess demand (short supply) for the product. In other words, consumers want to buy more than producers are willing to sell. This mismatch between supply and demand drives up prices.

Price movements cause equilibrium movement along the supply curve. Such a movement is called a change in supply. Like changes in demand, changes in supply do not shift the supply curve. By definition, it is moved along the supply curve.

Learn more about equilibrium at

brainly.com/question/517289

#SPJ4

4 0
2 years ago
Westfall Industries began 2018 with accounts​ receivable, inventory, and prepaid expenses totaling $ 50 comma 000 and its total
Dafna11 [192]

Answer:

The cash flows from operating activities for 2018 is $99,000.

Explanation:

Westfall Industries

Statement of cash flows (extract)

Net income                                                 $81,000

Add Loss on the sale of land                        4,000

       Depreciation expense                           8,000

       Decrease in current asset                     2,000

       Increase in current liabilities                  4,000

Cash flows from operating activities      $99,000

  • Decrease in current assets was arrived at by comparing the closing balance of $48,000 to the opening balance of $50,000.
  • Increase in current liabilities was arrived at by comparing the closing balance of $40,000 to the opening balance of $36,000.

5 0
3 years ago
High-school athletes who skip college to become professional athletes a. obviously do not understand the value of a college educ
Gnesinka [82]

Answer:

C. Understand that the opportunity cost of attending college is very high.

Explanation:

The reason is that the colleges costs very high both the money and time. However the person can also earn while pursuing their dreams because it has greater value for them if they have potential for growth in games. So they prefer to follow their dreams rather investing on their higher education.

8 0
3 years ago
Read 2 more answers
Barnes Company sells two products, X and Y. For the coming year, Barnes predicts sales of 5,000 units of X and 10,000 units of Y
sveta [45]

Answer:

B. False

Explanation:

The statement is False.

This conclusion can be reached just by analyzing the data provided. The weighted-average contribution margin ($6.50) cannot be higher than all of the individual contribution margins ($5 and $4). The actual weighted-average contribution margin is:

WACC = \frac{5,000}{5,000+10,000}*\$5 +\frac{10,000}{5,000+10,000}*\$4 \\WACC = \$4.33

5 0
3 years ago
Other questions:
  • Tamarisk, Inc. has the following inventory data:
    12·1 answer
  • You are the hr consultant to a small business with about 40 employees. now the firm offers only 5 days of vacation, 5 paid holid
    8·1 answer
  • A cost imposed on someone who is neither the consumer nor the producer is called a
    8·1 answer
  • Penny, a full-time biochemist, loves stock car racing. To feed her passion, she bought a used dirt-track car and has started ent
    14·1 answer
  • Sandra, a manager at Evolve Corp, frequently engages her team in recreational activities. Every employee is friendly with one an
    5·1 answer
  • Nick works as the manager of Franklin Financial Consultants. His role involves giving tips and helping employees with regard to
    5·2 answers
  • The demand for salt is inelastic, and the supply of salt is elastic. The demand for caviar is elastic, and the supply of caviar
    13·1 answer
  • According to the law of supply, price and quantity move
    6·2 answers
  • Account which shows gross profit or gross loss of the business is called​
    7·1 answer
  • Going public: Group of answer choices ensures that the company gains control in decision making. enhances the company's ability
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!