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Otrada [13]
3 years ago
9

Jane is an employee of Tyco, Inc. and she is in charge of payroll. Every week she issues a check in the name of a fictitious emp

loyee. Jane cashes the check at a local bank by indorsing the check in the name of the fictitious employee. With respect to these checks, which statement is correct?
a. Tyco is not liable because Jane committed fraud against Tyco.
b. Tyco is liable because it authorized Jane to issue payroll checks.
c. Tyco is liable for the full amount of the checks because Jane is broke.
d. Tyco had no knowledge of this embezzlement, so the bank must refund the overpayments.
Business
1 answer:
KengaRu [80]3 years ago
4 0

Answer:

b. Tyco is liable because it authorized Jane to issue payroll checks.

Explanation:

There is the company responsibility to put the right person for the specific job. Here in the given situation Jane would not be a liable person for an vital position of the company. in the case when the fraud done by the employee so the firm would be liable as the company provide the authorization to the person who have to perform that job

Therefore, the option b is correct

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With a ratio of 1.9, this means the designers are making twice the industry average for their job. The biggest problem this could cause would be labor costs being to much. If the company is paying 2x the market rate for their designers, they aren't staying competitive.
4 0
3 years ago
Government can reallocate resources of an economy through taxes, ________ payments, and by providing direct services..
malfutka [58]

Answer:

B. transfer 

Explanation:

Transfer payment is when income is received and neither goods or services are exchanged.

Transfer payment is a form of reallocation of resources.

I hope my answer helps you

5 0
3 years ago
A sum of Rs.5,000 written off as depreciation on furniture has not been debited to depreciation account.
Nonamiya [84]

Answer:

Dr Depreciation Account 5,000

Cr suspense Account 5,000

Explanation:

Based on the information given if the amount of Rs.5,000 which was written off as depreciation on furniture has not yet been debited to depreciation account the appropriate Journal entry to rectify the transaction is :

Dr Depreciation Account 5,000

Cr suspense Account 5,000

(Being to rectify the amount of Depreciation not debited in depreciation account now recorded)

5 0
2 years ago
On July 1, 2013, Farm Fresh Industries purchased a specialized delivery truck for $126,000. At the time, Farm Fresh estimated th
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Answer:

I think last option

6 0
3 years ago
Read 2 more answers
What is the relationship between a firm's industry environment and the firm's earning potential?
Damm [24]

An organization is more likely to generate above-average returns the more it can positively impact the environment of its industry.

The general rules of competition that affect all companies that offer comparable goods and services. Industry environment is a concept that Harvard professor Michel E. Porter advanced into the forefront of strategic thinking and company planning. The core of his work, which outlines the five factors that affect industry competition, first appeared in the Harvard Business Review. Strategic managers can link distant issues to their influence on a firm's operating environment with the use of his well-defined analytical framework.

To learn more about firms environment here

brainly.com/question/17494285

#SPJ4

3 0
1 year ago
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