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You are the owner of a privately owned, moderate-sized company. The business was founded over 20 years ago and has experienced impressive growth and profitability. the only frustrating thing, however, is that you know the company's profits would be scientifically higher if you could rid it of its problems with fraud. Your accountants estimate that the company has lost approximately 7 percent of its earnings to fraud over the past 5 years. the company has adequate controls in place and you try to ensure that people dont over ride them. Since you are the owner however, you often bypass some controls. You try to keep a close eye on most aspects of the business, but with about 500 employees, its difficult to know about everything that is going on. Employees have been caught in fraudulent activities in the past, but you have never bothered prosecuting them. You wish to avoid the negative publicity that would result, and you see no valid reason to publicly humiliate former employees - their shame won't bring back the money they've stolen. Question: What aspects of the company can you change in order to reduce the amount of fraud that is accruing? Use five most known factors relating to creating a culture of honesty, openess, and assistance to explain your answer.
Calculate the amount of budgeted cash disbursements for July and Tommy Company budgeted the subsequent information for 2012
What is the amount of interest that Crocus could capitalize in 2013, using the particular interest method
Describe each transaction effect on the stockholders equity accounts and the total stockholders equity.
Tom Hughes died in 2009 with a gross estate of $3.9 million and debt of $30,000. He made post-1976 taxable gifts of $100,000, valued at $80,000 when he died. His estate paid state death taxes of $110,200. Illustrate what is his estate tax base?
For a monthly volume of 300 tables, determine the total cost, total revenue, and profit and calculate the monthly break-even volume for the Willow Furniture Company.
Calculation of Material handling costs, predetermined overhead costs and account balance and find the cost recorded in the inventory account after this event
Illustrate what are the tax consequences to both Lotta and Meg(show the 4 portions of the deemed transaction along with the imputed amounts) for 2011?
Evaluate the direct materials price and efficiency variances for the year and evaluate the direct labor price and efficiency variances for the year and determine the efficiency variances and variable overhead spending for the year
Calculate the unit costs for materials and conversion costs. Determine the costs to be assigned to the units transferred out and ending work in process.
Compute the amount of estate tax due (if any) if Gabriel made prior taxable gifts in 2005 totaling $1 million at which time he claimed a unified credit of $345,800 and paid no tax.
Central will pay maintenance and operating costs. The building is being depreciated straight-line, with an estimated remaining life of 16 years. Make entries to record the sale and leaseback of the building.
when a business is considering whether to replace old equipment with the newer equipment the original cost of the old -compared new equipment is information relevent to the business decisions?
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