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Bogdan [553]
4 years ago
6

Billy Mitchell is the head cashier for a clothing store that specializes in men’s silk suits. After losing big at the local dog

track, Billy was in the hole financially. To cover his gambling debts, he started issuing numerous refund credits to his own credit card for amounts just below the store’s review limit. This is an example of a __________________ scheme.
a.Cash larceny
b.Credit card skimming
c.Fictitious refunds
d.Understated reimbursement
Business
1 answer:
VARVARA [1.3K]4 years ago
4 0

Answer: Fictitious refunds

Explanation:

A fictitious refund scheme, occurs when a fraudster processes a transaction to look as if a customer was returning a merchandise, even though there was no actual return. While some fraudsters create an entirely fictitious refund, other fraudsters just overstate the amount of a legitimate refund that took place and steal the excess money.

Billy Mitchell covering his gambling debts, issuing several refund credits to his personal credit card for amounts that were below the store’s review limit is an example of fictitious refund scheme.

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The market system is also known as ________, while the command system is also known as ________.
Afina-wow [57]

The market system is also known as capitalism, while the command system is also known as communism. The market system is owned by private ownership, businessman and companies, hence it has capitalism concept. The command system is owned by a community or public.

Hence it can be said that

The market system is also known as <u>capitalism</u>, while the command system is also known as <u>communism</u>.




3 0
3 years ago
The manager of a major retail store has taken a random sample of 25 customers. The average sale was $52.50. The population stand
Anna35 [415]

Answer:P value = 1 - 0.9793 = 0.0207

Explanation:

we can use Z value and normal distribution to find P value. P value is the area of beyond the value of Z value

sample mean (x.bar) = $52.20

Population mean (U) = $50

Sample Standard deviation (Sd) =$ 6.10

sample (n) = 25

Z =\frac{(x.bar - U)}{Sd/\sqrt{n} } =\frac{52.50 - 50}{6.10/\sqrt{25} }

Z = 2.50/1.22 = 2.049280328 = 2.049

area (normal distribution table) = 0.9793

P value = 1 - 0.9793 = 0.0207

7 0
3 years ago
Arch gives you an amended form w-4 dated march 11, 2013, on which he claims two additional withholding allowances. he asks you t
Butoxors [25]

Having been asked by Arch to refund the excess taxes that were subtracted from January 1 to march 11, when arch claimed only one withholding allowance, I should inform Arch that I won’t be able to pay back the over withheld taxes that were withheld before March 13 and that the correction will have to be made when he documents his annual income tax return.

7 0
3 years ago
During 2016, the Beach Restaurant had sales revenues and food costs of $800,000 and $600,000, respectively. During 2017, Beach p
valentinak56 [21]

Answer:

It is $60,000 (C)

Explanation:

As at 2016 :

Operating Profits =$800,000- $600,000

                            =$200,000.

At at 2017

Operating Profit = (800,000+100,000) -(600,000+40,000)

                           =900,000-640,000

                           =$260,000

Increase in Operating Profit = $260,000- $200,000.

                                                =$60,000

This represents increase of [ (60,000/200,000)*100% ]  30%

                     

3 0
4 years ago
Stan works from home in Louisiana. His company is located in Washington. This work arrangement is
Liula [17]

Answer:

telecommuting bc it's remote

5 0
3 years ago
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