Abc company has three in-house salespeople red white and

Assignment Help Accounting Basics
Reference no: EM13578364

ABC Company has three in-house salespeople (Red, White, and Blue) who all make frequent trips to Santa Fe, New Mexico, where one of the company's largest customers is based. A manager at ABC has noticed that the average airfare expense claimed by Red for these trips is $755 round trip. The average airfare expense claimed by White is $778. The average airfare expense claimed by Blue is $1,159. What type of expense reimbursement fraud might this indicate, and what controls would you recommend to the company to prevent this kind of scheme?

Reference no: EM13578364

Questions Cloud

The following probability assignments apply pe1 05 pe2 20 : suppose that we have a sample space s e1 e2 e3 e4 e5 e6 e7 where e1 e2 . . . e7 denote the sample points. the
Jose purchased a house for 300000 in 2010 he used the house : jose? purchased a house for 300000 in 2010. he used the house as his per- sonal residence. in march 2013 when the fair
The fico credit rating scores obtained in a simple random : the fico credit rating scores obtained in a simple random sample are listed below. as writing the reported mean fico
You purchased a robot for 200000 installed and you : you purchased a robot for 200000 installed and you depreciated it using a 5 year macrs. in year 4 you sold the robot
Abc company has three in-house salespeople red white and : abc company has three in-house salespeople red white and blue who all make frequent trips to santa fe new mexico where
You purchased a robot for 200000 installed and you : you purchased a robot for 200000 and you depreciated it using a 5 year macrs. in year 4 you sold the robot for 100000.
Question what type of educational background do ceos have : question what type of educational background do ceos have? in one survey 344 ceos of medium and large companies were
A common problem facing any business entity is the debt : a common problem facing any business entity is the debt versus equity decision. when funds are required to obtain
After tallying the responses she found that 204 used : question a dean of a business school wanted to know whether the graduates of her school used a statistical inference

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd