Answer:
(a) An employee’s monthly credit card payments are nearly 75% of her monthly earnings. select a fraud triangle factor. Financial pressure.
(b) An employee earns minimum wage at a firm that has reported record earnings for each of the last five years. select a fraud triangle factor. Rationalization.
(c) An employee has an expensive gambling habit. select a fraud triangle factor. Financial pressure.
(d) An employee has check-writing and -signing responsibilities for a small company, and is also responsible for reconci. Opportunity.
Explanation:
Fraud refers to obtaining something of value with a false representation of facts.
The fraud triangle factors are:
Opportunity: A situation that allows fraud to happen, for example, there are no internal controls in a company.
Financial pressure: There is a need that takes a person to commit fraud, for example, a debt.
Rationalization: The person that commits the fraud justifies it in his mind, for example, the person needs the money more than the big organization.
Answer:
Number of teenagers= 100 teenager
Explanation:
Giving the following information:
The county government released $100,000 as an appropriation for a counseling program for at-risk teenagers. The variable costs for the program are $400 per teenager per year. Within the relevant range of 50 to 150 teenagers, the fixed costs for the program are $60,000.
First, we need to deduct the fixed costs that remain don't affect directly the teenagers.
Budget= 100,000 - 60,000= 40,000
Now, we can calculate the number of teenagers to attend:
Number of teenagers= 40,000/400= 100 teenagers
Answer:
a. According to the company's accounting system, what is the net operating income earned by product D14E? (Net losses should be indicated by a minus sign.)
b. What would be the financial advantage (disadvantage) of dropping product D14E? Should the product be dropped?
- financial disadvantage of discontinuing the produce is -$68,000, so the company should not discontinue the product since its losses would increase
Explanation:
total sales $670,000
- variable expenses $295,000
- fixed manufacturing expenses $246,000
- fixed selling and administrative expenses $194,000
net loss = $65,000
if product D14E is discontinued, $196,000 + $111,000 = $307,000, of fixed expenses can be avoided, but $133,000 are not avoidable. if the company discontinues the product, its losses will increase by $133,000 - $65,000 = $68,000
Answer:
The correct answer is $0
Explanation:
Solution
An Impairment loss recognized when a book value of reporting company is more than its fair value, In the given example, the book value is not more than its fair value or higher than the value, hence the amount of the impairment loss that Antle Inc would record for goodwill at the end of 2021 is: Impairment loss is $0
