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Marina CMI [18]
3 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]3 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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Identify the outcomes when a manager views supply chain operations as a collection of processes rather than a collection of depa
RoseWind [281]

Answer: Managers and workers can view operational activities from a customer's perspective

Operation Managers can better ensure that the operational capabilities they create are consistent with the firm's strategy

Explanation:

Supply chain operations refers to the structures, systems, and processes that are put in place for the execution of the flow of goods and services from the supplier to the customer.

The outcomes when a manager views supply chain operations as a collection of processes rather than a collection of departments or functions include:

• Managers and workers can view operational activities from a customer's perspective.

• Operation Managers can better ensure that the operational capabilities they create are consistent with the firm's strategy.

7 0
2 years ago
Nor Corporation borrowed money using a discounted note at 94 with a stated 6% interest rate and a face amount of $400,000. What
kolezko [41]

Answer:

the effective rate of interest on the debt is 6.38%

Explanation:

The computation of the effective rate of interest on the debt is shown below:

Effective rate of interest is

= ($400,000 × 6%) ÷ ($400,000 × 0.94)

= $24,000 ÷ $37,600

= 6.38%

Hence, the effective rate of interest on the debt is 6.38%

It could be determined by applying the above formula so that the correct rate could come

8 0
3 years ago
. The start of noncritical activities are delayed beyond their earliest start times (but not beyond their latest start times) in
ozzi

The correct answer is D) maintain a uniform level of required resources.

The start of noncritical activities is delayed beyond their earliest start times (but not beyond their latest start times) in order to maintain a uniform level of required resources.

That is why companies have to establish their priorities and identify the main activities that must be accomplished on time, the people responsible to accomplish the activity, and the resources needed to successfully do so. Noncritical activities can be delayed up to a point, but the critical activities have to be followed according to the schedule.

7 0
2 years ago
Palencia Paints Corporation has a target capital structure of 35% debt and 65% common equity, with no preferred stock. Its befor
Arturiano [62]

Answer:

Cost of common equity is 15.7%  and WACC is 7.2%

Explanation:

D1 is  

D1= 2.25 (1+0.05)

The cost of common equity is  

Rs = 2.36/ 22.00 + 5% =0.157= 15.7%

The cost of common equity is weighted average cost of capital (WACC)  

WACC = (0.35) * (0.08) (1- 0.40) + 0 preferred stock+ (0.35) * (0.157)

WACC = 0.03 *0.6 + 0 + 0.054

WACC = 0.018 + 0.054

WACC = 7.2%

4 0
3 years ago
Economists have remained skeptical of the argument that the​ short-run Phillips curve is vertical for all of the following reaso
Harlamova29_29 [7]

Answer: A- Workers and Firms May not have rational expectations.

5 0
3 years ago
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