1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ELEN [110]
2 years ago
15

Jill has recently begun working at a local florist. In addition to creating floral arrangements, Jill spends a good deal of her

time talking to customers and ringing up sales. Over time, she identifies a weakness in the procedures for ringing up voids. No approval is neces- sary to void a sale, and the void slip collects very little information about the sale. After Jill has completed a sale and the customer has left, she voids the sale and pockets the cash that was just received. The floral shop doesn’t miss the lost inventory because it has a high inventory turnover ratio and high losses due to flowers losing their bloom.
1. What type of fraud is Jill committing?
2. What could the florist do to prevent this type of fraud from occurring?
Business
1 answer:
Salsk061 [2.6K]2 years ago
8 0

Answer: See explanation

Explanation:

1. What type of fraud is Jill committing?

The fraud that Jill is committing is known as theft of cash through fraudulent disbursements. In this case, Jill is using a register disbursement scheme which involves false voids of customer sales. During the time of sale, a record is made and another record is then created again which is used for the false void.

2. What could the florist do to prevent this type of fraud from occurring?

To prevent this fraud, a receipt should be attached and the florist should make sure that every vital information about all sales are collected such as customers name, time, amount of goods bought, signature and f customers etc

You might be interested in
Criticism is hurtful because it makes one feel as if
olasank [31]
Makes one feel as if one did alot wrong
normally criticism highlights the bad but not the good
this makes the person feel as if everything they do it wrong and they are no good (feel free to expand)
4 0
3 years ago
Read 2 more answers
What is the highest degree a person must reach to be in management
alexgriva [62]
Associates degree is what you will need in order to reach degree in management

8 0
3 years ago
Read 2 more answers
90% of people marry there 7th grade love. since u have read this, u will be told good news tonight. if u don't pass this on nine
ch4aika [34]
This is incorrect!!!!!!!
5 0
3 years ago
Read 2 more answers
1) Nelson Company began operations on December 1, Year 1. The following transactions and adjustments were recorded in December a
Levart [38]

The total of the debit account balances that will be reported on the company's adjusted trial balance at December 31, Year 1 is B) $9,000

Nelson Company Adjusted trial balance at December 31, Year 1

Debit side

Cash  $3,600

($3,800+$1,700-$1,900)

Account Receiveble $1,600

($3,300-$1,700)

Supplies $500

Land $1,900

Salaries expenses  $1,400

Total debit balance $9,000

Credit side

Account payable $500

Salaries payable $1,400

Common stock $3,800

Service revenue $3,300

Total Credit balance $9,000

Inconclusion The total of the debit account balances that will be reported on the company's adjusted trial balance at December 31, Year 1 is B) $9,000

Learn more here:

brainly.com/question/15104337

7 0
2 years ago
The standard price and quantity of direct materials are separated because a.GAAP and IFRS reporting requires separation b.standa
geniusboy [140]

Answer:

The correct answer is letter "D": direct materials prices are controlled by the purchasing department and quantity used is controlled by the production department.

Explanation:

Standard price is the estimated price direct materials could have at the moment of ordering a purchase. Standard quantity refers to the forecasted number of units necessary for the production process of the firm. The two of them are separated to allocate each one to the department in charge of their providing accurate measures: <em>standard prices are set by the purchasing department while the standard quantity is estimated by the production department. </em>

The efficiency of standard price and quantity relies on the purchasing and production departments separately.

5 0
3 years ago
Other questions:
  • On January 5, Merkel Inc. purchases office equipment for its new branch office from Norbert Company. Merkel requests that the eq
    6·1 answer
  • "press firmly to learn what your breasts feel like. a firm ridge in the lower curve of each breast is normal." this step for bse
    14·1 answer
  • Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion
    8·1 answer
  • Job analysis information should not be collected through:_______.
    11·1 answer
  • What is the net present value of a project that has an initial cash outflow of $7,670 and cash inflows of $1,280 in Year 1, $6,9
    8·1 answer
  • How could I study and prepare myself for my ged test all subjects
    13·1 answer
  • A one-month European call option on Bitcoin is with the strike price of $8,505, $8,705, and $8,905 are trading at $600, $500, an
    15·1 answer
  • Companies should try to focus on their areas of expertise. Should they always outsource other business functions to become a mor
    11·1 answer
  • Jamie has been renting a ranch in Montana for years, but is ready for a change of scenery. She doesn't want to terminate her con
    14·1 answer
  • Juno Co. purchased a machine for $10,000 and estimates it will use the machine for three years with a $2,000 salvage value. It e
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!