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Sergio [31]
3 years ago
13

Mark owns a 24-hour convenience store. lately he has noticed that the liquor inventory purchases have gone up by huge amounts, a

lthough sales proceeds from this category haven't increased. he suspects his two night-shift employees. which is the best investigative method to uncover such a fraud?
a. concealment investigation
b. conversion investigation
c. electronic investigation
d. inquiry investigation
Business
1 answer:
Jlenok [28]3 years ago
7 0
The best investigative method is C electronic investigation
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The auditors of Steffey Ltd., decided to study the cash receipts and disbursements for the month of July of the current year und
creativ13 [48]

Answer:

                                     Bal. June 30   Receipts    Disbursements    Bal. July 31

Balance per Bank            355,001          835,846       684,747             506,100

Deposit in Transit

June 30                              86,899         -86,899

July 31                                                       51,240                                     51,240

Outstanding Checks

June 30                               42,690                               -42,690              

July 31                                                                               73,340             73,340

Unrecorded Receipts                              -150,000                                 -150,000  

Unrecorded Disbursement                                            -150,000          -150,000

Balance per Books          399,210         650,187          565,397           484,000

3 0
4 years ago
Waupaca Company establishes a $440 petty cash fund on September 9. On September 30, the fund shows $193 in cash along with recei
exis [7]

Answer:

petty cash fund    440 debit

         cash                           440 credit

--stablishment of the fund--

freight-in                           46 debit

postage expenses           78 debit

miscellaneous expenses 111 debit

cash shortage loss            12 debit

                   Cash                               247 credit

--reimbursement of the fund--

petty cash fund      50 debit

                    Cash                     50 credit

--incerase of the fund to 490--

Explanation:

The petty fund will be stablish using cash, so we decrease cash and create the petty fund.

Then, the expenditures will be against cash, so we don't have to use the petty fund account.

Lastly, to increase the fund we take from the cash account the 50 dollars increase.

5 0
4 years ago
For the past year, Kayla, Inc., has sales of $46,382, interest expense of $3,854, cost of goods sold of $16,659, selling and adm
grandymaker [24]

Answer:

$15,266

Explanation:

Sales                                                          $46,382

Less: Cost of goods sold                          <u>$16,659</u>

Gross profit                                                $29,723

Less: Selling & administrative expense   $11,766

Less: Depreciation                                     <u>$6,415</u>

Earnings before interest and tax (EBIT)    $11,542

Less: Interest expenses                             <u>$3,854</u>

Earnings before tax (EBT)                           $7,688

Less: Tax expenses  (7688*35%)               <u>$2,691</u>

Earnings after tax                                       <u>$4,997</u>

Operating cash flow = EBIT + Depreciation expenses - Tax expenses

Operating cash flow = $11,542 + $6,415 - $2,691

Operating cash flow = $15,266

3 0
3 years ago
If Young Explorers realizes that Gabby reacts better to social media than traditional marketing methods because of the ability t
stiv31 [10]

Answer:

The correct answer is c. Time to delivery .

Explanation:

Obviously, the information will reach people more quickly and accurately, since contact is direct, which is not possible in traditional media such as a television commercial. One of the main advantages is that due to direct contact, it is possible to influence the purchase decision using persuasion techniques widely known in the field of marketing. Young Explorers should focus on these new media in order to attract potential buyers in the future.

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3 years ago
Read 2 more answers
When you're in a worksheet for capital budgeting, how do you apply the discount rate to cash flow so you can discount the future
Reil [10]

Worksheet for capital budgeting, a way to observe the bargain charge to coins glide so you can bargain the future coins flows: one plus the bargain price raised to the range of years inside the future, then divide trash glide.

Capital budgeting is the technique that an enterprise makes use of to determine which proposed fixed asset purchases it needs to take delivery of, and which should be declined. This technique is used to create a quantitative view of each proposed fixed asset funding, thereby giving a rational foundation for creating a judgment.

Capital budgeting is the method a business undertakes to assess capacity for main tasks or investments. creation of a brand new plant or a huge investment in an outside mission are examples of tasks that would require capital budgeting earlier than they're authorized or rejected.

Capital budgeting, and investment appraisal, in corporate finance, is the planning process used to decide whether or not a corporation's long-term investments which include new equipment, an alternative of machinery.

Learn more about Capital budgetin here: brainly.com/question/24347956

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3 0
2 years ago
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