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AnnyKZ [126]
2 years ago
6

A smart fraudster usually manipulates which financial record in order to better avoid an audit trail? Group of answer choices In

come statement. Balance sheet. Statement of cash flows. Both b and c are correct.
Business
1 answer:
shtirl [24]2 years ago
4 0

Answer:

Income statement.

Explanation:

Income statement reports on activities of the business only for a specific period of time. At the end of period all the accounts are closed and becomes zero, so, it is easy to conceal the fraud by erasing the audit trail. On the other hand Balance sheets carry balances from period to period, making it difficult to conceal fraud as these balance are easily traceable. The statement of cash flows also carries balances over from period to period, making it difficult too, to conceal the fraud over the long period of time.

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Mike Carlson will receive $12,000 a year from the end of the third year to the end of the 12th year (10 payments). The discount
Virty [35]

Answer:

$60,936

Explanation:

Provided information,

$12,000 will be received at each year end from third year to 12th year end.

The discount rate provided = 10%

Therefore PVAF of 10% for third year end to 12th year end will be for $1

= \frac{1}{(1 + 0.10)^3} + \frac{1}{(1 + 0.10)^4} + \frac{1}{(1 + 0.10)^5} + \frac{1}{(1 + 0.10)^6} + ............. \frac{1}{(1 + 0.10)^1^2} = 5.078

Here 0.10 = 10% discount rate

Value for $12,000 = $12,000 \times 5.078

Present Value of $12,000 will be

= $60,936

8 0
3 years ago
How do firms in asia (in this case, in thailand overcome market failure?
rusak2 [61]
They most likely drop the prices 
7 0
3 years ago
Mark expects the value of currency X to appreciate in the near future. Hence, he delays the collection of payments from foreign
katrin2010 [14]

Answer:

Lag startegy

Explanation:

Mark is using Lag Strategy to minimize the foreign exchange exposure.

Lag Strategy refers to a situation of adding capacity only after the company is running at full capacity or beyond caused by an increase in demand. This strategy is conservative strategy. It reduces the risk of waste but then it could bring about a loss of possible customers.

5 0
3 years ago
describe(s) interactions and patterns that operate in a family over time and that are linked to expectations. ________________is
nataly862011 [7]

Satisfaction is the accounting system linked to family loyalty and indebtedness.

<h3>What is Satisfaction?</h3>

This refers to the fulfilment needs of a person being met as a result of an action or a consequence.

With this in mind, we can note that satisfaction is the accounting system linked to family loyalty and indebtedness as this controls the interactions and patterns that operate in a family over time and that are linked to expectations.

Read more about satisfaction here:
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7 0
2 years ago
although both tariffs and quotas are tools used to restrict or reduce trade, which of the statements best describes their differ
blagie [28]

Both tariffs and quotas are instruments used to impede or reduce trade. Both quotas and tariffs place restrictions on the quantity of imported commodities.

<h3>What are exports and imports?</h3>

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Take part in international trade

reach out to new markets

raising sales

Imports : are the products and services that a company or customer buys from another nation. The nation that is making the purchases sees money leave the country as a result. Although most nations want to import less products and services than they export in order to boost domestic revenue, a high amount of imports can be a sign of an expanding economy. This is especially true if the majority of the imports are productive assets, such machinery and equipment, which the receiving nation may utilize to raise the productivity of their own economy.

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7 0
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