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3-1 Briefly describe some common types of cash larceny schemes. 3-2 Why is it generally more difficult to detect skimming than cash larceny? 3-3 In the case study of bank teller Laura Grove, what type of fraud did she commit 4-4 What are some of the ways shell company invoices can be identified? 4-5 Sharon Forsyth worked in the purchasing department of a retail store. She was in charge of ordering merchandise inventory and various supplies for the organization. She purchased merchandise through a fictitious shell company and then resold it to her employer at an inflated price. What is the name for this type of fraud? 4-6 Karen Martinis was responsible for opening mail, processing vendor claims, and authorizing payments. She was involved in a scheme in which she either double-paid vendor invoices, paid the wrong vendors, or over-paid the right vendors. What type of billing scheme is being described in this case?
The comparative advantages and disadvantages of ideal versus normal standards. The factors that should be included in setting the price and quantity standards for direct materials, direct labor, and manufacturing overhead.
If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31, 2010's adjusting entry is
Jasmine made a $50,000 interest-free loan to her son, Jason, who used the money to retire a mortgage on his personal residence. Jason's only sources of income were a salary of $75,000 and $1,500 interest income on a savings account. The releva..
Prepare the journal entry to record Autumn Company's issuance of 63,000 share of no-par value common stock assuming the shares;
The goal is to apply learned concepts and later build a strategic marketing plan for your product or service. You will not be allowed to mimic plans or ideas from larger or already "in-place" campaigns. You must think on your own two feet.
Considering other things are held constant...how do each of the following three scenarios would affect the payout ratio of a firm?
Suppose Subaru agrees to repay $500 million at the end of 4 years. How much will UBS lend Subaru?
Carlson Company sponsors a single-employer defined benefit pension plan. The plan provides that pension benefits are determined by age, years of service, and compensation.
What is Blue Nile's strategy for success in the marketplace? Does the company rely primarily on a customer intimacy, operational excellence, or product leadership customer value proposition? What evidence from the 10-K supports your conclusion?
Graceland writes the inventory down from $95,000 to its lower market value of $82,000 at the end of the year. Elvis owns 75 % of Graceland. Based on this information, what amount of inventory should be eliminated in the consolidation workpaper for..
Vince's Pizza delivers pizzas to dormitories and apartments near a major state university. The company's annual fixed costs are $48,000. The sales price averages $9, and it costs the firm $3 to make and deliver each pizza.
The SEC and its European equivalent are trying to merge their respective views of GAAP (Generally Accepted Accounting Principles). What are the easy points and what are the stumbling blocks?
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