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Marina CMI [18]
2 years ago
9

Myra Manning, CFE, was hired to investigate some suspicious activity at Arizona Medical Supply after one of the company's larges

t customers complained several times that its account statements do not reflect all the payments it has made. While examining the accounts receivable activity, Myra noticed a significant rise in the volume of overdue accounts during the last 6 months. What type of scheme might this situation indicate? Cash larceny Shell company Receivables skimming False refunds
Business
1 answer:
Dafna1 [17]2 years ago
4 0

Answer:

Receivables skimming

Explanation:

Account receivable is an account that shows the monies owed to a business by others.

Receivable skimming is the practice where monies that are receivable to a business is being stolen. Since the payments are expected to be returned to the business this type of fraud is discovered when debtor is contacted for repayment. Methods used to conceal this type of fraud include forced balancing, wrong statement, and debiting wrong account.

In this instance a customer of Arizona Medical supply complained several times that its account statements do not reflect all the payments it has made. While examining the accounts receivable activity, Myra noticed a significant rise in the volume of overdue accounts during the last 6 months.

The customer most likely made payments which were stolen and the statement did not show the repayments.

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Stock A's beta is 1.5 and Stock B's beta is 0.5. Which of the following statements must be true, assuming the CAPM is correct. a
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Answer:

E.In equilibrium, the expected return on Stock A will be greater than that on B.

Explanation:Beta is a measure used in the stock marketing to describe how volatile a stock is compared the the overall market. A stock with a Beta greater than one signifies that a share is more volatile than the overall market, while a Beta less than one signifies that the market is more volatile than the stock.

IN EQUILIBRIUM, STOCK A WITH A BETA GREATER THAN ONE WILL BE MORE PROFITABLE AND GENERATE MORE INCOME THAN STOCK B WHICH HAS A LOWER BETA THAT IS LESS THAN ONE.

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3 years ago
When school districts are funded by local taxes only, the likelihood of disparities in funding goes up.
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I think the answer is false because many schools raise fundraisers to help pay for things. If this is the case the money for the school will be quite low
5 0
2 years ago
At the end of the current year, using the aging of receivable method, management estimated that $18,000 of the accounts receivab
guapka [62]

Answer:

Dr Bad Debt Expense $18,450

Cr Allowance for Doubtful Accounts

$18,450

Explanation:

Preparation of the appropiate adjusting journal entry that the company should make at the end of the current year to record its estimated bad debts expense

Dr Bad Debt Expense $18,450

Cr Allowance for Doubtful Accounts

$18,450

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2 years ago
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Answer:

B. Automation

Explanation:

Option A is incorrect as a human resource cannot be a material handling robot.

Option C is wrong as statistical quality control cannot do the same task as a material handling robot can. Statistical quality control can ensure quality by minimizing risk.

Options D and E are incorrect, respectively, as flexible manufacturing cannot improve the raw materials, and fixed layouts cannot be the element of the raw material process.

Option B is correct as a material handling robot is a machine. Therefore, automation is necessary to improve the raw materials handling process.

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Ask customers to determine their next model using hashtag #NEWMODEL

To allow consumers to be part of product development

5 0
3 years ago
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