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2 years ago

9

Today, it is stressed even more that companies go beyond just making a profit and take into consideration the environment and ph

ilanthropic initiatives. This is known as practicing ______.

1 answer:

Westkost [7]2 years ago

3 0

Corporate social responsibility

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In a Las Vegas casino, an employee discovered a flaw in the accounting system. The accounts payable clerk discovered that he was

kap26 [50]

Answer:

- This type of fraud is check tampering

- It amounts to 20.1% of fraud cases in small businesses, and 8.4% of fraud in large businesses

- This type of fraud can be prevented by rotating employees that handle check issuance to vendors, review of budget versus actual expenditure, monitoring of audit trail to see if beneficiary was changed, daily statement download for reconciliation, and restriction of functions for example a employee that issues checks should not also reconcile bank statement.

Explanation:

Check tampering is a very common fraud that involves changing the beneficiary of a valid check so that funds can be diverted.

In the given scenario the accounts payable clerk was able to change checks to his name in order to divert $10,000. This was only discovered by chance when an employee noticed the change in name.

Various internal control measures can be taken to prevent this and they are listed above

4 0

3 years ago

A winning formula for many Answer E: Luxury brands is craftsmanship, heritage, authenticity, and history, often critical to just

Fittoniya [83]

Correct question:

A winning formula for many ________ brands is craftsmanship, heritage, authenticity, and history, often critical to justifying a sometimes extravagant price.

A) design

B) non durable

C) durable

D) ingredient

E) luxury

Answer:

E, luxury

Explanation:

When a product is being purchased irrespective of it price, the manufacturer is said to have found a winning formula.

from the above question, a luxury item that is authentic with an history behind it as well as exccellenct craftsmanship amongst other things ensure that the item is continually sold no matter what price it is.

Cheers.

4 0

3 years ago

On October 31, 2016, the following data was accumulated to assist the accountant in preparing the adjusting entries for Dependab

strojnjashka [21]

Journal entries record all transactions for a business. Transactions made on October 31, 2016 are recorder in the journal.

<h3>What is journal entry?</h3>

A journal entry is used to record a business transaction in the accounting records of a business.

The following journal entries are as follows-

A). Accounts Receivable Dr. $9,670

To Fees Earned Cr. $9,670

(Accrued fees earned)

B). Supplies Expenses Dr. $2270

To supplies Cr. $2270

(Supplies used $3,180- $910)

C). Wages expenses Dr. $1,220

To wages payable Cr. $1,220

(Accrued wages)

D). Unearned rent Dr. $3,160

To Rent revenue Cr. $3,160

(Rent earned 9,480/3 months)

E). Depreciation expenses Dr. $1,610

Accumulated Depreciation - Equipment $1,610

(Depreciation expenses)

Above mentioned are the journal entries to be made for Dependable Realty.

Learn more about the journal entries here:-

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3 0

1 year ago

Ralph has worked as a model builder at Snowdrop Architects for 30 years. He gets laid off, and the firm then hires Charlotte, wh

Sliva [168]

Answer: Ralph does not have a good claim against Snowdrop, because age was not the deciding factor in Snowdrop’s decision to lay off Ralph.

Explanation: The reason for the firm laying off Ralph is vague and not explicitly stated. Therefore Ralph cannot make a claim against Snowdrop for laying him off due to his age.

5 0

3 years ago

Boswell company manufactures two products, regular and supreme. boswell's overhead costs consist of machining, $3,000,000; and a

yawa3891 [41]

Total overhead costs
3000000+1500000=4500000

Total direct labor hours
10000+15000=25000 hours

Predetermined oH rate
4500000÷25000=180

Overhead applied to regular
180×10000 h =1800000...answer

4 0

2 years ago