Smart fraudsters will avoid financial statement fraud involving the overstatement of ____ because of the compounding effect from period to period.
Question 9 options:
Inventory
Accounts receivable
Revenue
Fixed assets
Answers
Due of the compounding impact from month to period, shrewd fraudsters will stay away from financial statement fraud involving the overstatement of inventory. Option 1 is Correct.
Overstating revenues by recording anticipated future sales. inflated the net worth of an asset by willfully not using the proper depreciation schedule. obfuscating liabilities and/or commitments on a company's balance sheet.
When a corporation has a compelling incentive and sound business purpose to overstate its financial performance relative to what would otherwise be reported in accordance with generally accepted accounting standards (GAAP), financial statement fraud is more likely to occur.
Overstated net income and retained earnings will ensue, which will raise shareholders' equity. concealment of commitments or liabilities. Liabilities or obligations are kept off the financial accounts in a sort of fraud known as concealment. Option 1 is Correct.
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Correct Question:
Smart fraudsters will avoid financial statement fraud involving the overstatement of ____ because of the compounding effect from period to period.
Question 9 options:
1. Inventory
2. Accounts receivable
3. Revenue
4. Fixed assets
Smart fraudsters will avoid financial statement fraud involving the overstatement of fixed assets because of the compounding effect from period to period.Option 4 is the correct answer.
Fixed assets are long-term assets that are not easily converted into cash and are essential to the operations of a business. These assets include buildings, machinery, equipment, and vehicles. Overstating fixed assets can inflate the value of a company and make it look more profitable than it actually is. However, this fraud is not sustainable over the long term as the overstatement compounds from period to period, leading to a significant discrepancy between the actual value of the assets and what is reported in the financial statements
.In contrast, accounts receivable are short-term assets that are easily convertible into cash, and therefore, fraudsters may be more likely to overstate them. This is because overstating accounts receivable can make a company appear to have higher sales and revenue, leading to an increase in stock price or access to additional financing. However, this type of fraud is also risky as it can be quickly detected by auditors or investors through a review of the company's aging reports or customer payment history.
In conclusion, fraudsters who are looking to manipulate financial statements are likely to avoid overstating fixed assets and may instead focus on overstating accounts receivable due to the higher potential for short-term gains. However, both types of fraud are illegal and can lead to significant consequences for the company and the individuals involved..Option 4 is the correct answer.
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Related Questions
use the as ad model to predict how a fall in interest rates is likely to change investment, real gdp, prices, and employment in the short run.
Answers
The AD model can be used to predict the changes in investment, real GDP, prices, and employment in the short run the aggregate demand curve shifts rightward, this results in an increase in investment, output, and employment. However, the effect on prices is uncertain.
The AD model helps in predicting the changes in the macroeconomic variables due to the changes in the determinants of the aggregate demand. When interest rates fall, the cost of borrowing falls, and it becomes cheaper for businesses to invest. This results in an increase in investment, which, in turn, results in an increase in the aggregate demand. This causes a rightward shift in the AD curve, leading to an increase in output, employment, and real GDP.
The effect on prices is uncertain, as the increase in output and employment could cause prices to rise, but the fall in interest rates could also cause prices to fall due to the increased investment. Overall, a fall in interest rates is likely to have a positive effect on the economy in the short run.
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Assume one year the basket of goods has a price level of $102, and the following year that same basket of goods is priced at $112. What was the rate of inflation over that year? Enter your answer as a percentage, rounded to two decimals, and without the percentage sign ('\%). For example, if your answer is 0.123456, then it is equivalent to 12.35%, so you should enter 12.35 as the answer.
Answers
To calculate the rate of inflation, we can use the following formula: the rate of inflation over that year is approximately 9.80%.
Rate of Inflation = ((Price level in the current year - Price level in the previous year) / Price level in the previous year) * 100
Given:
Price level in the previous year = $102
Price level in the current year = $112
Substituting the values into the formula:
Rate of Inflation = (($112 - $102) / $102) * 100
Calculating:
Rate of Inflation = ($10 / $102) * 100 ≈ 9.80
Therefore, the rate of inflation over that year is approximately 9.80%.
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What's a curling iron?
Answers
Answer:
A curling iron is a tool that is used on hair to create a tight or loose curl.
In general, the ____ risk you are willing to take the ____the possible return on your investments.
Answers
Answer: sexual aids
Explanation:
The purchasing manager of a jewelry manufacturer is worried that the rising price of gold will have a negative impact on profit margins on items it has promised to merchants in 3 months. she should:_______
Answers
Actually purchasing manager of a jewelry manufacturer is worried that the rising price of gold will have a negative impact on profit margins on items it has promised to merchants in 3 months she should buy gold future contracts today Option(b) is correct.
What is a Future Contract?
A futures contract is a normalized lawful contract to trade something at a foreordained cost for conveyance at a predefined time from here on out, between parties not yet known to one another.
Contracts are exchanged at futures trades, which go about as a commercial center among purchasers and venders. The purchaser of a contract is supposed to be the long position holder and the selling party is supposed to be the short position holder.
As the two players risk their counter-party reneging in the event that the cost conflicts with them, the contract might include the two players dwelling as security an edge of the worth of the contract with a commonly confided in outsider.
Therefore Option(b) is correct.
The complete question is given to the image attached below.
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You are starting a shopping service for elderly people in your community who cannot leave their homes. Write a mission statement that clearly communicates the purpose of your business.
Answers
To write a mission statement about starting a shopping service for elderly people in your community, begin writing what your company does. In this case, start with "My company's purpose is to start a shopping service for elderly people in my community (name of your community)."
Then follow up by describing how your business plan to operate its services.
Here, you can state that "My company's purpose is to provide shopping services that allow all elderly people to experience easy and comfortable life."
Thus continue by adding the reason your company operates its services.
Finally, your mission statement can look like this:
At Brainly (name of your company), we provide shopping services to make elderly people experience an easy and comfortable life.
Hence, in this case, it is concluded that a mission statement should have the purpose, values, and goals of the company.
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if demand is not uniform and constant, the stockout risks can be controlled by __________.
Answers
If demand is not uniform and constant, the stockout risks can be controlled by integrating an inventory management system.
A stockout happens when customer demand for a product surpass the amount of inventory held on hand. This occurs when demand exceeds expectations and there is not enough regular inventory or safety stock to fulfill all orders. A stockout can also result from production process halts or delays in the supply chain.
An inventory management system aids in ensuring that the appropriate quantity of inventory is available at the appropriate time to satisfy demand. This can include predicting demand, monitoring inventory levels, using reorder points to prompt restocking, forecasting demand, adjusting production schedules, ordering more inventory as necessary, and using inventory optimization techniques like just-in-time (JIT) or economic order quantity (EOQ) to reduce excess inventory and minimize stockout risks. Businesses can reduce the costs of stockouts, overstocking, and retaining too much inventory while managing the risks associated with unpredictable demand by employing an inventory management system.
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Sally's health insurance policy requires her to pay the first $500 of medical costs each year before the company will pay any of her medical bills. This policy provision is the:
Answers
The policy by Sally's health insurance policy that requires that she pay $500 of the first medical cost each year is the Annual Deductible.
What is an annual deductible?This is an amount that an insurance policy reuires that its holders pay because the policy starts covering their medical costs.
This amount is paid once a year and is paid on the first medical cost that a person incurs in the year.
In conclusion, this is an annual deductible.
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When may copyrighted material be used without permission in a student-created multimedia presentation? It is published in local public places. It is published under the original author's name. The original author's name is not cited. It is not published in a public place.
Answers
You do not attempt to publish it in a public place a copyrighted material be used without permission in a student-created multimedia presentation.
What does copyrighted mean exactly?A legal concept known as copyright refers to who owns and controls the rights to the use and distribution of specific creative works, such as computer programs, books, videos, music, and movies. Only copyrighted material should ever be used. Both as a verb and an adjective, it is the typical usage of this word. Copyright, the noun that goes along with it, is a term that refers to the authority to duplicate something. Consider copywritten's "w" as standing for "wrong."
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A new business should be based on an entrepreneur's individual interests because the entrepreneur must...
A. have sufficient confidence to succeed.
B. be willing to take personal responsibility.
C. have enough determination to work alone.
D. dedicate as many hours as needed to the work.
Will mark brainliest!
Answers
Answer:
A.................
Explanation:
look at my pokemon
Answer:
D
Explanation: because i said so but it might not be right
under the truth in lending act what type of information should kathy have received from abc bank?A. The total amount financed; and the number, amount, and due dates of payments.
B. The total amount financed; the number, amount, and due dates of payments; and the bank policy in the event of a
delinquency.
C. The total amount financed; the number, amount, and due dates of payments; and the bank's policy regarding
selling loans to other financial institutions.
D. The total amount financed; the number, amount, and due dates of payments; the bank policy in the event of a
delinquency; and the bank's policy regarding selling loans to other financial institutions.
E. Only the information she received.
Answers
Under the Truth in Lending Act, Kathy should have received the following information from ABC bank: The total amount financed; and the number, amount, and due dates of payments.
This information is required to be disclosed to borrowers to ensure that they are aware of the full cost of borrowing, including interest rates, fees, and other charges. However, the bank is not required to disclose its policy regarding selling loans to other financial institutions or its policy in the event of delinquency, although it may choose to do so voluntarily.
Therefore, option A is the correct answer.
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What is meant by the economic problem?
Answers
Answer:
hey! hope this helps love! Economic problems asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. Economics involves the study of how to allocate resources in conditions of scarcity.
How do I pay taxes once I turn 18?
Answers
Answer:
ask your mother
Explanation:
ask your mother:)
write on perfect competition
Answers
Which example is the best demonstration of initiative?
A. You don’t complain about the heavy workload you’ve been assigned.
b. You offer to take on some extra work when a coworker is out sick.
c. You agree to stay late to finish your work because you took a long lunch.
d. You always think carefully about a bad situation before proposing a solution.
Answers
Answer:
B
Explanation:
initiative isn't something we need to do but rather want to for someone or yourself, maybe to help.
Answer:
bbbbbbbbbbb
Explanation:
does bank accounts last forever?
Answers
Answer:no they don’t
Explanation:
they will become dormant after 24 months
define erasing techniques
Answers
Answer:
Erase the error by applying little pressure and blowing pencil crumbs away as you clean
Explanation:
Press the paper lightly against the cylinder to prevent the paper from sipping while erasing.
The ___________ is the only price where quantity demanded is equal to quantity supplied. Group of answer choices equilibrium price horizontal axis intercept vertical axis intercept market price Flag this Question Question 142 pts The downward slope of the demand curve again illustrates the pattern that as _____________ rises, _________________ decreases. Group of answer choices
Answers
Answer:
Equilibrium price; price; quantity demanded.
Explanation:
Demand can be defined as the amount or quantity of goods and services that are being desired or required by the consumers and that they are willing to pay a price for.
The law of demand states that there is a negative relationship between the price of a good and the quantity of the good demanded.
This ultimately implies that, when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.
Hence, the equilibrium price is the only price where quantity demanded is equal to quantity supplied. This is simply the point where there is an agreement between the quantity of goods produced by the manufacturer and the quantity of goods desired by the consumers, thus, both the desires of the producer and consumers are in sync.
The downward slope of the demand curve again illustrates the pattern that as price rises, quantity demanded decreases. This ultimately implies that, when the price at which a manufacturer, wholesaler or retailer increases, the quantity of goods demanded by the consumer would decrease and vice-versa.
Answer:
the correct answer is equilibrium price
Explanation:
(econ1101)
wat is 6x6+63+90-331x5
Answers
Explanation:
Answer:
-1466
Explanation:
Give brainliest and I will do step by step!
Step by step-
6 X 6= 36
-331 X 5= -1655
63 + 90= 153
153 + 36= 189
-1655 + 189= -1466
How could government – sponsored grants for the private development of new technologies result in a lower national debt?
Answers
Answer: Making initial development private saves the government from funding all of the research.
Explanation:
A grant refers to an amount of money that is financial assistance thats given by the government or an organization to an individual or firm for a specific purpose. A grant is different from a loan as it isn't meant to be paid back.
Government award grants for the development of technologies, community projects, home insulation etc.
With regards to the question, a government – sponsored grants for the private development of new technologies may result in a lower national debt when the government makes the initial development private thereby saving the government from funding all of the research.
Following ethical standards that have been outlined by the company you work for are___standards(apex)
A.professional
B.personal
C.industry
D.organizational
Answers
Answer:
D. organizational
Explanation:
You must focus on both your personal life and profession. Just got the question right on apex.
Answer:
The answer is D. Organizational
Explanation:
spring break has jack traveling to the beach. before departing on his journey, he takes some sleep-inducing cold medication. he breaks his leg after falling asleep behind the wheel and colliding with a tree on the highway. which of the following is the hazard in this context? jack. broken leg. knowing how to drive. spring break. taking the medicine
Answers
Answer: im pretty sure its jack
Explanation:
how can national insurance affect a pharmacy business?
Answers
Answer:
Achieving universal health coverage will require robust private sector engagement; however, as many low- and middle-income countries launch prepayment schemes to achieve universal health coverage, few are covering products from retail drug outlets (pharmacies and drug shops). This case study aims to characterize barriers and facilitators related to incorporating retail drug outlets into national prepayment schemes based on the experience of the Tanzanian National Health Insurance Fund’s (NHIF) certification of pharmacies and accredited drug dispensing outlets.
An attorney came to work on a Saturday. When he signed in, he was advised by the morning security guard employed by the building management that he must be out of the building by 5 p.m., when it closes. However, he stayed past 5 p.m. to complete a brief that had to be filed on Monday morning. At 5:15 p.m., the afternoon security guard set the locks on all the doors of the building and left. Because she was in a hurry, she did not check the sign-in sheet to make sure that everyone had signed out, contrary to mandatory procedures. When the attorney tried to exit 15 minutes later, he discovered that the doors were all locked and could not be opened from the inside. He used his cell phone to call for help, and a supervisor from the building arrived and let him out shortly thereafter. If the attorney sues the building management for false imprisonment, is he likely to win
Answers
Answer:
The attorney will most likely lose if he sues for false imprisonment
Explanation:
False imprisonment is also called unlawful imprisonment. It is the act of confining a person to an area without legal authority, justification, or consent of the person that is restrained.
In the given scenario the attorney was informed that he office will be locked by 5 am. If he was staying longer he should have informed the security.
Also the security guard did not intentionally lock him in as she was not aware he was present.
For one to be guilty of false imprisonment these three conditions should be met:
- an act that confines a person to a particular area
- intention of confining the person
- causation
These conditions were not met in this case.
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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If the government taxed the production of pizzas, what would happen to the supply of Pizza
Answers
Price and quantity supplied are directly correlated, as stated by the law of supply. In other words, as the price rises, so does the quantity supplied. An upward-sloping line from left to right represents this.
What is the supply law?Two fundamental economic theories are combined in the law of supply and demand to explain how changes in the price of a resource, good, or service affect its supply and demand. Supply grows as the price rises, while demand declines. On the other hand, as the price drops, supply becomes limited and demand rises.
On a graph, levels of supply and demand for various prices can be represented as curves. These curves intersect at the equilibrium, or market-clearing price, where supply and demand are equal. The market's process of price discovery is represented by this intersection.
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first come first serve
Answers
Answer:
hiiii
thanks for the free points
Answer:
hi hello
Explanation:
:) :) :):) :) :) :)
product x has a contribution margin of $138 per unit and requires three hours of machine time. product y requires four hours of machine time and provides $184 of contribution margin per unit. required: if the capacity of machine time is limited to 850 hours and only one product can be produced, what is the maximum amount of contribution that could be generated?
Answers
The maximum amount of contribution that could be generated with a limited capacity of 850 hours of machine time depends on the contribution margin per unit and the required machine time for each product. Product X has a contribution margin of $138 per unit and requires 3 hours of machine time, while Product Y has a contribution margin of $184 per unit and requires 4 hours of machine time.
To determine the best option, we must calculate the contribution margin per hour for both products. For Product X, the contribution margin per hour is $138 / 3 hours = $46. For Product Y, the contribution margin per hour is $184 / 4 hours = $46. Since both products have the same contribution margin per hour, we can choose either product to maximize the contribution. For Product X, we would produce 850 hours / 3 hours per unit = 283.33 units, but since we can only produce whole units, we'll round down to 283 units. This would generate a contribution of 283 units x $138 per unit = $39,054. For Product Y, we would produce 850 hours / 4 hours per unit = 212.5 units, rounding down to 212 units. This would generate a contribution of 212 units x $184 per unit = $39,008. producing Product X would result in the maximum contribution of $39,054 with the limited capacity of 850 hours of machine time.
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Place the steps in order for inserting a video link into a document.
Place the cursor at the
insertion point
Click the Online Video
button
Preview the video before
saving the document
Click Insert tab
Search for and select the
video
Answers
Choose Online Video from the ribbon's Insert tab. Insert the URL you copied in step 2 into the Insert Video dialog box. Choose Insert.
What actions are required to add a hyperlink to a document?Make a link to a specific web page.
The text or image that you want to appear as a hyperlink should be selected. Input Ctrl+K. You may also choose Link from the shortcut menu by right-clicking the text or image and selecting it.
What is the best way to add a video to a Word document?
Add a video, sound, or movie to Microsoft Word, PowerPoint, or Excel.
Click Object from the Insert menu, then select the Create from File tab.
Locate the movie (or sound wave) you wish to insert by clicking Browse and then browsing.
Choose a movie (video clip or sound wave)
Press Insert.
Double-click a media file's icon to start playing it.
Select OK.
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Which of the following types of work would a company be most likely to preform through outsourcing?
A) Long- term work that requires close supervision
B) A consistent, predictable amount of work
C) Important tasks that the company wants control over
D) Specialized work that doesn’t require much supervision
Answers
Answer:
The answer is D.
Explanation:
Got it right on edg
The following types of work would a company be most likely to preform through outsourcing: Specialized work that doesn’t require much supervision. Thus option (D) is correct.
What is a company?A company is a legal entity formed by a group of people, known as shareholders, to conduct business. It is a separate legal entity from its owners, which means that it can enter into contracts, sue or be sued, and own property in its own name.
The primary goal of a company is to generate profits for its owners, but it can also have other objectives such as providing goods and services to customers, creating jobs, and contributing to the community.
The specialized work that doesn’t require much supervision would a company be most likely to preform through outsourcing. Therefore, option (D) is correct.
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