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Match each situation with the fraud triangle factor (opportunity, financial pressure, or rationalization) that best describes it

noname [10]

Answer:

The answers are:

A) Financial pressure

B) Rationalization

C) Financial pressure

D) Opportunity

Explanation:

Financial pressure refers to the fraudster's motive to commit fraud is because they need to obtain money,

Rationalization refers to the fraudster's mindset that justifies him to commit fraud, for him it is OK and fair to do it.

Opportunity refers to the situation that enables fraud to occur, e.g. when someone is responsible for an action and then no on controls those actions.

5 0

3 years ago

when a firm with market power produces less than the socially efficient level of output, there would be to society of producing

Hoochie [10]

A company with market power produces much less than the socially efficient level of output, there would be to society of producing one more unit: The boom or lower inside the total production cost if the output of one unit is extended is the marginal cost of manufacturing.

Market power refers to the capacity of a company (or organization of firms) to elevate and preserve a rate above the extent that would be triumphant under opposition and is referred to as market or monopoly energy. The workout of marketplace energy leads to reduced output and a lack of economic welfare.

In economics, market power refers to the potential of a firm to steer the rate at which it sells products or services by means of manipulating either the supply or demand of the services or products to grow monetary profit.

An instance of market power is Apple Inc. within the smartphone marketplace. although Apple cannot absolutely manage the market, its iPhone product has a big amount of market proportion and consumer loyalty, so it has the ability to have an effect on average pricing inside the smartphone marketplace.Monopoly/marketplace electricity. is wherein one vendor dominates the marketplace, can control fees & prevent new competition from entering the market? Externalities. correct or terrible aspect impact of manufacturing or intake which influences folks that aren't directly worried.

Learn more about market power here: brainly.com/question/16180053

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6 0

2 years ago

Jasper has been working a lot of overtime during the most current economic expansion. As a result, his income is high enough for

Ipatiy [6.2K]

The increased taxes paid to the government by Johnny represent what are known as automatic stabilizers slowing the economy.

<h3>What are automatic stabilizers?</h3>

These are factors in the economy that stop it from growing too fast that it becomes overheated.

Taxes are one such stabilizer because in making sure that people pay more to the government when they earn more, their spending is reduced which means that the economy doesn't grow too much.

Find out more on economic stabilizers at brainly.com/question/1346450.

3 0

2 years ago

Opening several loans within a 60-day period can do which of the following to a credit score?

SOVA2 [1]

C. Reduce it tremendously

3 0

3 years ago

Read 2 more answers

Gibson Pharmaceuticals manufactures an over-the-counter allergy medications called Breathe. Gibson is trying to win market share

snow_tiger [21]

Answer:

Explanation:

(1) Overhead Absorption Rate (OAR) = Overhead cost/No of Activities

Materials Handling Cost :

Cost driver ⇒ Kilos ( 13,000 kilos)

OAR = $130,000/13,000 = $10

Packaging Costs

Cost driver ⇒Machine hours ( 2,300 hours)

OAR = $460,000/ 2300= $200

Quality Assurance Cost

Cost driver ⇒ Samples

OAR = $118,000/ 2,000 =$59

(2) Total Overhead Cost Allocated to each unit

Commercial containers

Materials Handling Cost = $10 X 8,096 = $80,960

Packaging Costs = $200 X 1,800 = $360,000

Quality Assurance Cost = $59 X 260 = $15,340

Total Costs = $80,960 + $360,000 + $15,340 = $456,300

Total commercial containers produced = 2,700

Overhead cost per unit of Container produced = $456,300/ 2,700 = $169 per unit

Travel-pack line

Materials Handling Cost = $10 x 5,976 = $59,760

Packaging Costs = $200 x 600 = $120,000

Quality Assurance Cost = $59 x 360 =$21,240

Total Costs = $59,760 + $120,000 + $21,240 = $201,000

Total Travel packs produced = 30,000

Overhead cost per unit of travel pack = $201,000/ 30,000 = $6.7

(3) Using Original System ( Cost per machine hours)

Commercial containers

Total Overhead cost (using Machine hours) = $300 x 1,800 = $540,000

Total Overhead cost per unit = $540,000/2,700 = $200

Travel-pack line

Total Overhead cost (using machine hours) = $300 x 600 = $180,000

Total Overhead cost per unit = $180,000/30,000 = $ 6

(4)

Activity Based costing : this approach make use of activities that drive cost as a basis to determine the overhead cost per unit. This is more relevant in the current day manufacturing system where there are major activities that drive cost other than just machine hours. Using ABC allowed for fair sharing of overhead costs among different products lines which also help in determining the right pricing and identify which product consumed more activities that drive cost.

Whereas, traditional system relied on the assumption that overhead costs are majorly driven by machine hours which obviously may not be true in the current day production system. Using this approach may lead to a wrong pricing of products and also lead to wrong decision being made on a products most especially where the company has more than one product lines.

In the case of Gibson, commercial containers overhead unit cost was over estimated while Travel-pack line overhead unit cost was under-estimated using original costing system.

The error under original system was latter corrected using ABC

5 0

3 years ago