Reference no: EM131045512
Cole was supervisor of the shipping department of Machine Mfg., Inc. In February, Cole found herself in need of funds and, at the end of that month, submitted to Ames, the treasurer of the corporation, a payroll listing that showed as an employee, among others, ‘‘Ben Day,'' to whom was allegedly owed $800 for services rendered during February.
Actually, there was no employee named Day. Relying upon the word of Cole, Ames drew and delivered to her a series of corporate payroll checks, drawn upon the corporate account in the Capital Bank, one of which was made payable to the order of ‘‘Ben Day'' for $800. Cole took the check, indorsed on its back ‘‘Ben Day,'' cashed it at the Capital Bank, and pocketed the proceeds. She repeated the same procedure at the end of March, April, and May. In mid-June, Machine Mfg., Inc., learned of Cole's fraudulent conduct, fired her, and brought an appropriate action against Capital Bank, seeking a judgment for $3,200. Is Cole's signature effective against Machine Mfg., Inc.? Explain.
|
Expected profit under global optimization
: a) What is the system optimal production quantity and expected profit under global optimization? b) Suppose the manufacturer is make-to-order, that is , the timing of events is as follows:
|
|
Assistant treasurer of travco corporation
: While assistant treasurer of Travco Corporation, Frank Mitchell caused two checks, each payable to a fictitious company, to be drawn on Travco's account with Brown City Savings Bank.
|
|
Provide proof of purchase of corporate annual report
: Accounting 300 - Financial Statement Project and financial statement project will require you to use Corporate Annual Report
|
|
Concept of management control relate to this
: Question 1: The case outlines several ideas that organization are using to capitalize on changes in technology and preferences of employees to work remotely. How does the concept of management control relate to this?
|
|
Supervisor of the shipping department of machine
: Cole was supervisor of the shipping department of Machine Mfg., Inc. In February, Cole found herself in need of funds and, at the end of that month, submitted to Ames, the treasurer of the corporation, a payroll listing that showed as an employee,..
|
|
Business skills are useful and increasingly required
: 1. List two reasons that business skills are useful and increasingly required. 2. What are two factors that influence the business skills and knowledge required for a service desk job?
|
|
The drawer commercial credit corporation
: The drawer, Commercial Credit Corporation (Corporation), issued two checks payable to Rauch Motor Company. Rauch indorsed the checks in blank, deposited them to its account in University National Bank, and received a corresponding amount of money.
|
|
What have been sias main ingredients of success
: What have been SIA's main ingredients of success? How has their success become vulnerable? Why is it difficult to maintain a leadership position of a company like SIA and continuously improve?
|
|
What is the present-worth cost of the machine
: A used machine costs $20,000 to purchase. It has an annual maintenance cost of $20,000, a salvage value of $5,000, and a 10-year life. If the interest rate is 10% per year, compounded annually, what is the present-worth cost of the machine? Please sh..
|