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Problem - You are an accounts-payable clerk at a small contractor. A site supervisor submitted an invoice requesting immediate payment to a new vendor for materials he states were delivered directly to a work site. A note on the invoice asked that the check be delivered directly to him so that he could deliver it personally to the vendor, as payment needed to be made immediately to prevent delays. This request is unusual and outside of the normal process, but you are considering complying, as the purchasing manager is on vacation and not available to consult with. Although you are suspicious of this unusual request, you are tempted to accommodate it. Discuss the potential for fraud given these facts. How can you determine the legitimacy of the transaction given these facts so that payment can be issued?
Your well-written paper should meet the following requirements:
Write clearly and logically, as you will be graded on content, analysis, and your adherence to the tenets of good academic writing, which should be succinct where possible while also exploring the topics appropriately. Remember that you can always improve your work by providing support from outside scholarly sources, which help both to bolster your own assertions and supplement your ideas.
For each asset classification, create a schedule showing depreciation for the year ended December 31, 2016
Next, evaluate how the company identified in your research can use the cash flow statement to project efficient uses of the cash hoard it has accumulated.
I can be almost as accurate, at virtually no cost, using the random walk model to forecast earnings." What is the random walk model? Do you agree or disagree with John Right's forecast strategy? Why or why not?
The following information is available for Pacilio Security Services Inc. for 2011, its first year of operations. Pacilio provides security services for local sporting events.
the following is a partial trial balance for general lighting corporation as of december 31 2013nbspnbspaccount
Watkins, Inc. acquires all of the outstanding stock of Glen Corporation on January 1, 2012. At that date, Glen owns only three assets and has no liabilities:
If a nurse deposits $12,000 today in a real estate investment trust (REIT) and the interest is compounded annually at 7% percent, what will be the value of this investment:
the stockholders equity section on the december 31 2009 balance sheet of chemfast corpo-ration reported the following
What is meant by the term underlying as it relates to derivative financial instruments?
Calculate the manufacturing cost markup needed to obtain a target profit of $100,000.
1.based on the current calculated earned status earned value index for work order 0000001 is the current capital
Bonadio Ekectrical Supplies distributes electrical components to the construction idustry. The company began as a local suookier 15 yrs ago and has rwon rapidly to become a major competitor in the north central US.
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