Answer:
False Pretenses
Explanation:
From the question given, jack is involved in the crime called false pretenses. He receives money by which he mentions things that are not true.
He brings out a false annual reports of profitable returns for a a non existing company or organisation. This representation is false with actual facts.
Answer:
this case tells us about some sort of pressures that accounts feel when financial statements are needed urgently
Explanation:
1) As for using low estimates, this step was wrong on her part. she should have been upfront in her estimates. for the items that she could not estimate there should have been an indication that such items were still under review, instead of doing what she did to give the financial estimate a good look. Using guesses or deliberately using low estimates was a bad idea, GAAP would never condone that.
She should have met with the president and let him know that finalization of the financial statements would not possible within the time frame that he has given. She could have also explain that such delays are normal and she would have given estimates of when the draft internal copy would be made available to him. such steps she took could have resulted in serious consequences for the company
2) I would not inflate or deflate the figures on purpose to make financial statements look better. If it is time to present the draft and final year-end financial statements I will have to tell the truth on the numbers and estimations used and also the reasons for that. i would have explained the constraints that i was facing. if i was still being pressurized by the president, i would have no choice than to call it quits instead of going against the ethics of my profession, since there are both ethical and legal implications to not giving inaccurate financial statements.
4,932 worldwide franchises
Business Intelligence is the application of tools to improve the decision making and allows access to the information.
<u>Explanation:</u>
Business Intelligence collect the data and then analyse that data to interpret the next step the business should take in order to flourish.
Data Warehouse stores all the data which needs to be analyzed in a summary form for the organisation to quickly access it.
Data Warehouse is one of the steps of business intelligence which generate an accurate, aggregate data for the BI to analyze.
Answer:
$40,000
Explanation:
Straight line ammortization expense each year = (Cost of the asset - Salvage value) / useful life
$50,000 / 5 = $10,000
Carrying value = Cost of asset - amortization expense = $50,000 - $10,000 = $40,000
I hope my answer helps you
