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Question - Recall that the salami technique means using a computer to skim a small amount of money from hundreds or thousands of accounts and then diverting the proceeds for personal gain. Suppose that a computer programmer uses this technique to skim a penny form each customer's account at a small bank. Over the course of 3 months, he takes $200,000 and is never caught.
Assuming that this hacker took only one penny per month form each customer, how many accounts did the bank have?
If the bank had 100,000 accounts and the hacker stole one penny from each account's interest (which was computed daily), how much could the hacker steal in 3 months?
What is the amount of the discount on these bonds at issuance? How much total bond interest expense will be recognized over the life of these bonds?
Refer to the financial statements and notes of the company
Continuing Cookie Chronicle Part 3 In November 2011, after having incorporated Cookie Creations Inc., Natalie begins operations. She has decided not to pursue the offer to supply cookies to Biscuits. Instead, she will focus on offering cooking classe..
on july 23 of the current year dakota mining co. pays 5719680 for land estimated to contain 7944000 tons of recoverable
according to a summary of payroll of newman publishing co. 600000 was subject to the 7.5 fica tax. also 50000 was
The company credits the lockbox fees of customers who pay in advance to the Unearned Lockbox Fees account. Of the amount credited to this account during the year, $5,630 had been earned by August 31.
Go to the GASB Website, located at http://www.gasb.org. Under the "About Us" tab, review "Mission, Vision, & Core Values", "Facts about GASB", and "Strategic Plan".
Calculate the total of the daily waiting cost and the service cost if 2, 3, and 4 clerks are used. What is the minimum total daily cost?
Taxpayer trades the stock for bonds with a fair market value of $35,000 and $2,000 cash. What is his recognized gain and the basis for the bonds
Suppose that Drake Corporation produced and sold 5,000 laptop computers during 2010. It reported $270,000 cash provided by operating activities. In order to maintain production at 5,200 laptops, Drake invested in $8,000 in equipment. Drake paid $2..
Prepare budgeted multiple step income statement for each month in columnar form show in the statement the details of cost of goods sold
What would Hamilton's profit margin be if Blaine were dropped?
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