the combination of factors that a company can control to influence consumers is called the marketing ______

The fraud was discovered Option D: The operations manager found a check made payable to Phillips while searching Phillips' desk for some accounting records.

Explanation:

In the given case study, Ernie Phillips had got a job as a 'controller'. He had started writing checks to himself other than the payroll checks.

This fraud can be discovered when the operations manager found a check on Phillips desk which was payable to himself and it was other than the payroll check. Thus, Option D is the statement as an answer.

Cancelled checks do not have to do anything with the fraud, as per Option A, because cancelled checks are never cleared in the bank. The receiver doesn't usually receive a call before check clearance. So, Option B is also incorrect. No error was there in the check as stated in Option C.

8 0

4 years ago

Following are account balances (in millions of dollars) from a recent FedEx annual report, followed by several typical transacti

Paraphin [41]

Answer:

FedEx

1&2: T-accounts:

Cash

Account Titles Debit Credit

('millions) ('millions)

Balance 2,328

a. Delivery Service Revenue 17,600

c. Prepaid Expenses 3,728

c. Rent Expenses 10,136

d. Repairs Expenses 3,864

e. Accounts Receivable 24,285

f. Long-term Note Payable 350

g. Common stock 2

g. APIC 14

h. Salaries 15,276

i. Fuel Expenses 8,564

j. Accounts Payable 784

Balance 1,527

Prepaid expenses

Account Titles Debit Credit

('millions) ('millions)

Balance 329

c. Cash 3,728

Balance 4,057

Spare parts, supplies, and fuel

Account Titles Debit Credit

('millions) ('millions)

Balance 437

Accounts Receivables

Account Titles Debit Credit

('millions) ('millions)

Balance 4,581

a. Delivery Service Revenue 21,704

e. Cash 24,285

Balance 2,000

Other current assets

Account Titles Debit Credit

('millions) ('millions)

Balance 610

Property and equipment (net)

Account Titles Debit Credit

('millions) ('millions)

Balance 15,543

b. Long-term Note Payable 3,434

Balance 18,977

Other noncurrent assets

Account Titles Debit Credit

('millions) ('millions)

Balance 3,557

Accounts payable

Account Titles Debit Credit

('millions) ('millions)

Balance 1,702

j. Cash 784

Balance 918

Accrued expenses payable

Account Titles Debit Credit

('millions) ('millions)

Balance 1,894

Other current liabilities

Account Titles Debit Credit

('millions) ('millions)

Balance 1,286

Long-term notes payable

Account Titles Debit Credit

('millions) ('millions)

Balance 1,667

b. Property and Equipment 3,434

f. Cash 350

Balance 4,751

Other noncurrent liabilities

Account Titles Debit Credit

('millions) ('millions)

Balance 5,616

Common stock ($0.10 par value)

Account Titles Debit Credit

('millions) ('millions)

Balance 32

g. Cash 2

Balance 34

Additional Paid-in Capital

Account Titles Debit Credit

('millions) ('millions)

Balance 2,472

g. Cash 14

Balance 2,486

Retained earnings

Account Titles Debit Credit

('millions) ('millions)

Balance 12,716

Delivery Service Revenue

Account Titles Debit Credit

('millions) ('millions)

a. Accounts receivable 21,704

a. Cash 17,600

Balance 39,304

Rent Expense

Account Titles Debit Credit

('millions) ('millions)

c. Cash 10,136

Repairs Expense

Account Titles Debit Credit

('millions) ('millions)

d. Cash 3,864

Salaries Expense

Account Titles Debit Credit

('millions) ('millions)

h. Cash 15,276

Fuel Expense

Account Titles Debit Credit

('millions) ('millions)

i. Cash 8,564

3. Income Statement for the year ended May 31, 2015:

Delivery Service Revenue 39,304

Rent Expense 10,136

Repair Expense 3,864

Salaries Expense 15,276

Fuel Expense 8,564 37,840

Net Income 1,464

Explanation:

a) Account Balances on May 31, 2014:

Trial Balance as of May 31, 2014:

Account Titles Debit Credit

('millions) ('millions)

Cash 2,328

Prepaid expenses 329

Spare parts, supplies, and fuel 437

Receivables 4,581

Other current assets 610

Property and equipment (net) 15,543

Other noncurrent assets 3,557

Accounts payable 1,702

Accrued expenses payable 1,894

Other current liabilities 1,286

Long-term notes payable 1,667

Other noncurrent liabilities 5,616

Common stock ($0.10 par value) 32

Additional Paid-in Capital 2,472

Retained earnings 12,716

Totals $27,385 $27,385

Other transactions for year ending May 31, 2015:

a. Delivery Service Revenue $21,704 Account Receivable $21,704

Delivery Service Revenue $17,600 Cash $17,600

b. Equipment $3,434 Long-term Note Payable $3,434

c. Rent Expense $10,136; Prepaid (Rent) Expense $3,720 Cash $13,864

d. Repair Expenses $3,864 Cash $3,864

e. Cash $24,285 Accounts Receivable $24,285

f. Long-term Note Payable $350 Cash $350

g. Cash $16 Common Stock $2 APIC $14

h. Salaries Expense $15,276 Cash $15,276

i. Fuelling Expense $8,564 Cash $8,564

j. Accounts Payable $784 Cash $784

k. N/A

Trial Balance as of May 31, 2015:

Account Titles Debit Credit

('millions) ('millions)

Cash 1,527

Prepaid expenses 4,057

Spare parts, supplies, and fuel 437

Receivables 2,000

Other current assets 610

Property and equipment (net) 18,977

Other noncurrent assets 3,557

Accounts payable 918

Accrued expenses payable 1,894

Other current liabilities 1,286

Long-term notes payable 4,751

Other noncurrent liabilities 5,616

Common stock ($0.10 par value) 34

Additional Paid-in Capital 2,486

Retained earnings 12,716

Delivery Service Revenue 39,304

Rent Expense 10,136

Repair Expense 3,864

Salaries Expense 15,276

Fuel Expense 8,564

Totals $69,005 $69,005

3 0

3 years ago

the combination of factors that a company can control to influence consumers is called the marketing _______.