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natulia [17]
3 years ago
5

Hospital administrator Jake Rosen was recently convicted for fraud he committed against his employer, Cedar Hospital Systems. Ov

er a period of six years, Jake allegedly made payments to a dummy company for maintenance charges while simultaneously running a scheme with maintenance contractors where he either paid them for work never performed or overpaid them for work. The skyscraper where Jake worked was only 10 years old. Maintenance charges rose from $5.2 million in 1994 to $16.4 million in 2000. It was worth noting that the judge on the case questioned whether Cedar Hospital Systems deserved less than full restitution for failing to notice the problem. However, it was determined that federal law on restitution does not allow such charges, so Jake Rosen will be making monthly payments toward the alleged $8 million he stole until he makes full restitution after leaving prison. He was able to quickly repay $3.2 million of the theft with assets recovered by the government, including two homes and a nice yacht. Not bad for a man who was supposed to be making $90,000 per year.
1. In what specific types of fraud was Jake Rosen engaged?
2. The judge questioned whether the hospital should be held partially responsible for not having de- tected the fraud. What could the hospital have done to prevent or detect the fraud earlier?
Mathematics
1 answer:
dexar [7]3 years ago
6 0

Step-by-step explanation:

Employee frauds are one of most common form of frauds which can be detected in a company. There can be many types or forms of employee frauds.  

the major types are:

• Asset Misappropriation

• Bribery and Corruption

• Data theft

• Vendor Fraud

• Payroll Fraud

• Accounting Fraud

2. The hospital could have detected the fraud going on earlier if they had consulted the help of an audit firm this could have helped exposed the fraud earlier.

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The ratio of customers who purchase items with coupons to customers who don't use coupons is 6 to 16. If 9 customers use coupons
Irina-Kira [14]

Answer:

24 customers will not use coupons.

Step-by-step explanation:

Number of customers who use coupons = 9

Number of customers who don't use coupons = x

Ratio of customers who use coupons to customers who don't use coupons = 6:16

=\frac{6}{16}

\frac{9}{x}=\frac{6}{16}

x=\frac{9\times 16}{6}=24

24 customers will not use coupons.

3 0
3 years ago
A factory produced a batch of handheld video games, but 4% of the games were found to be defective. If the batch had 250 games i
nirvana33 [79]

Answer:

the answer is 240

Step-by-step explanation:

If 4% are defective, then out of a batch of 250, the number of defective is

4% x 250 = 4/100 x 250 = 10 defective

So, the number of not defective is 250 - 10 = 240 good!

8 0
3 years ago
To solve the equation – X – 3 = x2 – 2x– 15, you
zhenek [66]

Answer: -3 and -4

Step-by-step explanation:

8 0
2 years ago
A couple realizes a real estate financing of R $ 180,000.00, to be paid in 360 monthly installments, with an effective interest
Lilit [14]

Answer:

ANSWER: letter D

Step-by-step explanation:

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8 0
3 years ago
2,10,18,26 find the 61st term
saw5 [17]

Answer:

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Step-by-step explanation:

We can see that the numbers shown resemble an arithmetic sequence because they have a common difference. The formula for the nth term of an arithmetic sequence is:

a_{n} =a_{1} +(n-1)d

Where a_{1} is the first term, a_{n} is the nth term, and d is the common difference. To find the 61st term, all we need is the first term and the common difference. By looking at what given, we can say the first term is 2. Now, to find the common difference, we find the difference of a term from the term before it. In this case we can do 10-2, which is 8 , or the common difference. Since we have everything we need, it can be plugged into the equation:

a_{61} =2 + (61 - 1)*8\\a_{61} = 2 + 60*8\\a_{61} = 2 + 480\\a_{61} = 482

So, the 61st term is 482.

4 0
2 years ago
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