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2 years ago

The presence of fraud risk factors increases the likelihood of fraud and may suggest that fraud is being perpetrated.

Business

1 answer:

Shkiper50 [21]2 years ago

7 0

Answer:

True

Explanation:

Fraud risk can be regarded as the

possibility of a firm been a prey of any fraudulent activity, it could be altering of financial records or extortion even stealing from the company, fraud can bring down a grown organization if not tackled. It should be noted that The presence of fraud risk factors increases the likelihood of fraud and may suggest that fraud is being perpetrated.

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A FEATURE FILM PROMOTING ENTREPRENEURSHIP SOLD ALMOST HALF OF THE TOTAL TICKETS. TICKETS WERE PRICED AT PHP 75 FOR STUDENTS. IF

mezya [45]

Answer:

150 tickets

Explanation:

Writing out needed parameters :

Price per student ticket (price of one student ticket) = PHP 75

The total revenue made from ticket sales ; (Total amount earned from the sale of student tickets) = PHP 11,250

The number of student tickets sold will be:

Total amout earned from sale / cost per ticket

PHP 11250 / PHP 75

= 150 tickets

6 0

2 years ago

Assuming that Brandt entered into a forward contract to sell 10 million South Korean won on December 1, 2020, as a fair value he

romanna [79]

The net impact on its net income in 2020 resulting from a fluctuation in the value of the won is : $250 decrease in net income.

First step is to calculate the Discount on forward contract

Discount on forward contract=[($0.0035 − $0.0034) × 10 million

Discount on forward contract=$0.0001 × 10 million

Discount on forward contract= $1,000

Second step is to amortized the Discount on forward contract

Amortization of discount on forward contract=$1,000 / 4 months

Amortization of discount on forward contract=$250 per month

Based on the above calculation foreign exchange loss of the amount of $250 will be recognized on December 31, 2020.

Therefore the net impact on its net income in 2020 resulting from a fluctuation in the value of the won is a decrease of $250.

Learn more here:<em> brainly.com/question/19353936</em>

7 0

1 year ago

The time horizon of the demand curve is one determinant of the price elasticity of demand.If the price of gasoline is relatively

Genrish500 [490]

Answer:

more

Explanation:

we know that here Price Elasticity of demand is express as

Price Elasticity of demand = PercentageChange is quantity demanded ÷ PercentageChange in price ...........................1

so that, Demand for gasoline is more elastic in the long run than in the short run because in the long run people can change their preferences and choices.

3 0

2 years ago

33) A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise.

GenaCL600 [577]

Answer: Debit Account Payable $1600, Credit Cash $1600

Explanation:

If the perpetual inventory system, and purchases are recorded through the use of a gross method, the correct journal entry to record the payment on July 28 will be to Debit Account Payable $1600, and then Credit Cash $1600.

In this case, we should note that we don't need any adjustment for discount. This is because the payment made was on the 28th of July.

7 0

2 years ago

Which of the following contingency factors will influence whether an organization is more effective with a primarily mechanistic

Roman55 [17]

Answer: adaptive culture

Explanation:

Contingency factors simply describe how the setting of an organization shapes and influences the structural dimension.

The contingency factor that will influence whether an organization is more effective with a primarily mechanistic organization design is the adaptive culture.

Adaptive culture has to do with the expectation of change and the adoption of the changes in an effective manner as this leads to growth, and innovation.

4 0

3 years ago