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
Bogdan [553]
3 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]3 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.

You might be interested in
What happens if money needs to be transferred from one agency to another and the legislature is not in session to authorize this
kvv77 [185]

Answer:

The legislature budget board and the governor are authorize to transfer money from one agency to other.

Explanation:

Given:

Money needs to be transferred from 1 agency to other when legislature is not in session:

Solution:

When Legislature is not in session, the legislature budget board and the governor are authorize to transfer the money from one agency to other during emergencies.

3 0
3 years ago
During the current year, Central Auto Rentals purchased 60 new automobiles at a cost of $15,000 per car. The cars will be sold t
borishaifa [10]

Answer:

a. $0.20

b. $322,000

Explanation:

Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.

It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset .

The amount of depreciation to be recognized for each mile that a rental automobile is driven

= ($15,000 - $6,000)/45,000

= $9,000/45,000

= $0.20

Total millage expected of the 60 cars before disposal

= 60 * 45,000 miles

= 2,700,000 miles

The total amount of depreciation expense that Central Auto Rentals should recognize on this fleet of cars for the year

= 1,610,000/2,700,000 * ($9,000 * 60)

= $322,000

4 0
2 years ago
Bingerton industries began the year with inventory of$85,000. Purchases of inventory on account during the year totaled $310,000
Charra [1.4K]

The first entry of the journal records the inventory of of $310,000 as debited and accounts payable as credited.

<h3>What is inventory management?</h3>

The process of counting and recording fluctuations in the prices of assets such as raw materials, work-in-progress, and finished goods refers as Inventory management.

Following are the Journal entries-

1. Inventory accounts  A/c  $310,000

          To Accounts Payable A/c$310,000

 (Being the inventory is purchased)

2. Accounts Receivable   A/c  $520,000

           To Sales Revenue  A/c $520,000

   ( Being inventory is sold)

3. Cost of Goods Sold  A/c  $335,000

            To Inventory  A/c  $335,000

 (Being inventory is sold )

Learn more about Inventory, here:

brainly.com/question/26533444

#SPJ1

8 0
2 years ago
The total or agreed-upon rate of pay or salary is called
Svetach [21]
Minimum wage I think lol may be wrong
8 0
2 years ago
Extreme Adventurer, an outdoor nature magazine, marketed to potential customers who recently purchased camping equipment and fou
MrRa [10]

Answer:

potential customers who recently purchased camping equipment and four-wheel drive trucks.

Explanation:

  • The call to action has a huge potential hidden in reaching out to the customers and making them call for outdoor nature and adventure.
  • The magazine tries to catch the reader's attention by making claims such as tired of sitting in front of your computer.  
  • Those people who usually stay at home and are unable to move out due to some reason can use their purchased camping equipment and four-wheel-drive trucks.
7 0
3 years ago
Other questions:
  • A candy manufacturer that made candy at a lower cost without improving the quality of the candy could be said to ________. incre
    6·1 answer
  • List the professional skills categories required for kinesiology practitioners to be successful
    11·1 answer
  • True or false<br> Price fluctuations or changes help to clear the market
    7·1 answer
  • At the luxury hotel in miami, florida, three hotel employees serve the needs of each guest. in every room, a guest can summon a
    15·1 answer
  • Four major insurance brokers agreed that when it came time for renewals of coverage with major customers that only one of them w
    13·1 answer
  • To pay for her college education, Gina is saving $2,000 at the beginning of each year for the next eight years in a bank account
    14·1 answer
  • Automobiles are often leased, and there are several terms unique to auto leases. Suppose you are considering leasing a car. The
    9·1 answer
  • Coworker: "I have a customer who is very taciturn."
    13·1 answer
  • How much annual income would you need to have if, using the 28/36 ratio, your maximum allowable recurring debt is $380? a. $16,2
    9·1 answer
  • One significant contemporary management challenge is:_________
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!