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aksik [14]
3 years ago
11

Which of the following actions is least likely to help prevent and detect schemes involving fraudulent invoices from non-accompl

ice vendors? a. Marking "paid" on every voucher that has been paid b. Verifying vendor address changes before disbursements are issued c. Matching all bank statement items to canceled checks d. Separating the duties of purchasing, authorizing, and distributing payments
Business
2 answers:
Valentin [98]3 years ago
7 0

Answer: C. Matching all bank statement items to canceled checks.

Explanation: To help prevent and detect schemes involving fraudulent invoice and non accomplice vendors, matching all bank statement items to canceled checks is the right option to go with.

This action have proved to be effective and to at least prevent fraudulent invoice by vendors.

Vladimir [108]3 years ago
5 0

Answer:

C

Explanation:

Billing scheme is an act of using false documentation to effect fraudulent payment for transaction that did not exist. One common way of doing this is through the creation of fictitious companies.

The options listed in the question are effective in mitigating this except matching all bank statements to canceled check.

This scheme deals more with false procurement and payment of the invoices , therefore it has nothing doing with canceled check and bank statements.

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The recent global boom in the market price for scrap steel and aluminum leads to a sudden rise in the theft of everyday metal ob
Kipish [7]

Answer:

C

Explanation:

The recent global boom in the market price for scrap steel and aluminum<em><u> has led to a sudden rise in the theft of everyday metal objects like manhole covers, guard rails, and empty beer kegs. </u></em>

<em><u /></em>

8 0
3 years ago
Lucky started a new business last year. Since it was the first year of operation, the business purchased $10,000 in machinery an
gulaghasi [49]

Answer:

True

Explanation:

The reason is that the Internation Financial Reporting Framework says that though there are choices the company must opt to the depreciation method that brings fairness to the financial statement, which means that the method used calculates the depreciation for the year that actually represents the decrease in the value of the assets in market value. So if the current method brings the fairness to the Financial statements, Lucky can use them and if those don't bring fairness to the financial statements then its better to use alternative which will bring the fairness to financial statements.

4 0
3 years ago
A business usually becomes listed in the Fortune 500 during its _______ stage.
Deffense [45]
A business usually becomes listed in the Fortune 500 during its SUCCESSFUL stage.
Fortune 500 refers to the yearly list of the best and the biggest 500 companies that are doing very well in the US market world as judged by the Fortune Magazine. These companies usually have huge asset balance, which is still growing in size. The major criteria used to choose the qualified companies is the size of their revenues.
7 0
3 years ago
Read 2 more answers
Decision makers can help the community recover from an event more quickly by:
maria [59]

Answer: D

Explanation:

The ability to make sound, timely decisions during an emergency is critical. Effective decision making can ,Avoid tragedy ,help manage incidents.

build community trust and support.

help the community recover from an event more quickly. Conversely, poor decision making or the absence of decisions potentially can result in injury or death to victims and/or responders.

4 0
3 years ago
Consumers know that some fraction x of all new cars produced and sold in the market are defective. The defective ones cannot be
fredd [130]

Answer:

0.25

Explanation:

Given :

The $\text{consumers value}$ the non defective cars = $\$ 10,000$

We will consider all the defective $\text{ cars are used cars}$ only. This is only because the value of the used car is $ 2000 and it is lower than the price of a good car that is $10,000. Thus only defective cars are being sold as the old cars.

For a risk neutral customer, the price that he is ready to give for the new car is the reservation price of a non defective car. It means that (the amount of $ 8000 is the value of the good car x chances of getting a good car) +( the value of the bad car x chances of getting a bad car).

Since we know that x is the fraction of all the cars sold in the market are defective, it means that the fraction of the good cars is 1 - x. Thus putting the values,

$x\times 2000+(1-x)\times 10000=8000$

$10000-8000x=80000$

$8000x=2000$

$x=\frac{2}{8}$

  = 0.25

Thus the value of :

$x=\frac{2}{8} = 0.25$

6 0
2 years ago
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