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Firdavs [7]
3 years ago
6

In one of the case studies in the textbook, Bill Gurado was a branch manager for a consumer-loan finance company in New Orleans

who decided to help himself to the daily deposits. Instead of depositing the money into the company's bank account, he deposited the money into his own personal account. How was Gurado's fraud discovered
Business
1 answer:
dlinn [17]3 years ago
4 0

Answer:

He suspected he was on the verge of being caught, called the company's president, and confessed that he had taken the money.

Explanation:

Fraud is an act of misrepresentation of facts in order to gain an unfair advantage and wrongful ownership of an asset that is not one's own.

It is the act of converting another's property to oneself through illegal activities.

In this instance Bill was depositing funds into his personal account. He eventually confessed to the fraud.

A statement review of the customer account would have easily uncovered the fraud committed.

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On May 7, Jernigan Company purchased on account 640 units of raw materials at $15 per unit. During May, raw materials were requi
Tema [17]

Answer:

Date               Account Title                                              Debit               Credit

May 7             Materials                                                 $9,600

                      Accounts Payable                                                            $9,600

<u>Working:</u>

= Units purchased * cost per unit

= 640 * 15

= $9,600

As the goods were purchased on account, they will be sent to accounts payable. Materials are assets so they will be debited when acquired.

3 0
3 years ago
Overall, funding for pre-kindergarten programs has been ____.
Troyanec [42]

Answer:

underway is the answer I'm thinking

4 0
3 years ago
Read 2 more answers
Which is not a characteristic of Lean production: 1. There are frequent, small deliveries 2. Suppliers are treated as partners t
olchik [2.2K]

Answer:

The incorrect statement is number (3): Workers are viewed like machinery, needed to get the job done, nothing more.

Explanation:

Lean production or Lean Manufacturing is a method of work organization that focuses on the continuous improvement and optimization of the production system by eliminating waste and all activities that do not add any value to the process. Its main purpose is to minimize the losses that arise in any manufacturing process and implement only those resources that are relevant.

<em>Lean production aims to boost employees' efficiency not necessarily automating their duties.</em>

3 0
3 years ago
Suppose that Michael’s Bowling Alley offers 50% off bowling on Mondays, and as a result, drink sales increase by 40%. What is th
leonid [27]

Answer:

-0.8

Explanation:

Cross elasticity of demand = % change in quantity demanded for the drink / % change in price of the bowling

cross elasticity = 40% / -50% = -0.8 since the price was reduced the change in price will be negative

5 0
3 years ago
In a portfolio problem, X1, X2, and X3 represent the number of shares purchased of stocks 1, 2, and 3, which have selling prices
vaieri [72.5K]

Answer:

The correct solution is "x_1 \leq 0.35 (x_1 + x_2 + x_3)".

Explanation:

According to the question,

Let,

For stock 1,

The number of shares to be purchased will be "x_1".

For stock 2,

The number of shares to be purchased will be "x_2".

For stock 3,

The number of shares to be purchased will be "x_3".

then,

The cumulative number of shares throughout stock 1 would be well over or equivalent towards the approximate amount of all the shares or stocks for the set limit.

i.e., x_1+x_2+x_3

Thus the correct equation is "x_1 \leq 0.35(x_1+x_2+x_3)".

7 0
2 years ago
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