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3 years ago

Cash larceny involves stealing cash from an organization before it is recorded on the organizationâ€™s books and records.

Business

1 answer:

viktelen [127]3 years ago

8 0

Answer:

False

Explanation:

Cash larceny is the action of stealing company cash already been registered in the books of accounts for a specific accounting period. An employee of the company perpetrates the theft. It involves the employee scheming and executing the taking away of cash recorded in the books without the employer's authority.

Cask larceny happens in the cash register, in the safe, or from cash deposits in transit. In most instances, larceny involves small amounts of money. As the cash is recorded in the books of accounts, larceny can be detected with proper cash reconciliation.

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If a company adopts an accounts receivable factoring program, and accounts for the factoring as a sale of receivables, which of

horsena [70]

Answer:C. cash flow from operations may increase

Explanation:

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The factor may be with or without recourse to the firm selling the receivable.

It's mostly entered into to reduce payment defaults and increase inflow of cash for operations.

The factor company does not need to be a consolidated company,it usually reduce the receivable and does not require a change in accounting principles.

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3 years ago

As one of the seven habits of strong ethical leaders,________ is “the glue that holds ethical concepts together.” this trait can

Furkat [3]

The passion to do right

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3 years ago

V. Wheat is the main input in the production of flour. If the price of wheat decreases, then we would expect:

Murrr4er [49]

Answer:

3. Supply of flour to increase.

Explanation:

The situation above is showing a direct proportional relationship between the "wheat," as a main ingredient of flour, and the flour itself.

If the price of wheat decreases, suppliers will be interested in buying more of it in order to produce more quantities of flour at a lower cost because it will more likely lead to a higher profit. This will, therefore, increase the supply of flour in the market.

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3 years ago

Kendra owns a sporting goods store. She is in court because of a breach of contract lawsuit against her supplier. One of the ter

Olenka [21]

Answer:

Yes, but only to clarify the ambiguous contract terms

Explanation:

Breach of contract is a legitimate reason for activity and a sort of common wrong, wherein a sound understanding of anticipated trade isn't regarded by at least one of the gatherings to the agreement by non-execution or obstruction with the other party's presentation.

A material breach is the most genuine type of break of agreement. In these cases, somebody has failed to maintain their obligations as spread out in the contract. At the point when this happens, the harmed party can seek after harms in a standard suit. In the end, when a contractual worker finishes an undertaking yet isn't paid, this is viewed as a material breach.

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3 years ago

What will be the 90% ROI of $50,000 in 1 week ?

elixir [45]

Answer:

$45000

Explanation:

Amount of investment= $50000

ROI= 90%

ROI could be calculated for any specific period of time, it could be week, months, years, etc

Now, lets find out return of investment.

Return of investment= $\frac{90}{100} \times 50000 = \$45000$

∴ Return of investment in 1 week is $45000.

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3 years ago