What can the company do to prevent the type of behavior

Assignment Help Managerial Accounting
Reference no: EM132529655

The A/P clerk of a company writes the checks for vendors, and the controller signs the checks. The A/P clerk has devised a plan to give herself a raise. She creates a new vendor for her friend's business and creates two purchase orders for random car detailing services for $75 and $70. She writes the checks to pay these new vendors knowing the controller will only pay close attention to checks over $100. She delivers the checks to her friend to deposit in his bank account, and then he writes her a personal check for the full amount of $145.

Question 1: Eventually, what will be the effect of her actions?

Question 2: What can the company do to prevent this type of behavior?

Reference no: EM132529655

Questions Cloud

Identify the iv and dv in this study : A researcher predicted that musicians would score significantly higher on a standardized math test than the general population. A random representative sample
What we know is that the confidence level : What we know is that the confidence level is 92%. Calculate the sample size used to obtain this interval. (Express your answer as a whole number.)
Steel and measuring the depth of penetration : The Rockwell Hardness Index for Steel is determined by pressing a diamond point into the steel and measuring the depth of penetration
Compute annual depreciation for the first and second years : Ermler Company purchased a machine at a cost of $80,000. Compute annual depreciation for the first and second years
What can the company do to prevent the type of behavior : What can the company do to prevent this type of behavior? The A/P clerk of a company writes the checks for vendors, and the controller signs
Manufacturer of compact disc players : A manufacturer of compact disc players uses a comprehensive set of tests to evaluate the electrical function of their product.
Calculate the population variance x : We know that the confidence level is 94% and a sample size of 52. Calculate the population variance X.
Give journal entries to record incurrence of production cost : Give journal entries to record the incurrence of production costs, completion of job number A26 and the shipment of 900 cuddly koalas
Rockwell hardness index for steel : The Rockwell Hardness Index for Steel is determined by pressing a diamond point into the steel and measuring the depth of penetration. For 50 specimens

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What advice would give russ concerning the machine

Based on the unaudited financial statements and the statement made by the loan officer, would the company quality for the loan.

  What the division eva is

For the latest year, the Dallas division had a NOPAT of $250,000, total assets of $1,000,000 and current liabilities of $200,000. The division's EVA is

  Discuss the use of budgets in planning and control

Discuss the use of budgets in planning and control. A firm's growth must be carefully guided by its leadership to ensure all factors of expansion are considered

  What is the photocopier? division capital? turnover

Selected financial data for the Photocopies Division of? Elizabeth's Business Machines is as? follows:

  What guidelines should the ssa follow when doing

Is it ever appropriate for the SSA to rescore or conduct his/her own evaluation of proposals when making the final decision? If yes, what guidelines should use

  National public radio npr

During late 2003, National Public Radio (NPR) announced a $200-million bequest from the estate of Joan B. Kroc. Mrs. Kroc, widow of McDonald'sfounder Ray A. Kroc, was a long-time supporter of public radio. NPR is a not-for-profit organization that pr..

  Calculate disk city break-even point for the current year

What volume of sales (in dollars) must Disk City achieve in the coming year to maintain the same net income as projected for the current year

  Determine and assume the company uses super-variable costing

Determine and Assume the company uses super-variable costing:- Compute the unit product cost for Year 1, Year 2, and Year 3.

  How would we categorize each of the expenses

briefly explain why you chose the category that you did)... -- Salaries of the company's accounting staff -- Sales commissions paid to the sales people

  Prepare the necessary entries to record transactions

Prepare the necessary entries to record transactions related to intangibles. All costs incurred were for cash and make the entries as of December 31, 2012, recording any necessary amortization.

  What is the incremental benefit to the company of sugar

Allocate joint costs using the relative sales values at the split-off point, and calculate the profit per 100 pound box of sugar-coated peels and the profit per pint of juice. Round to the nearest dollar.

  How much could sandra increase her expected utility

Sandra lives in the Pacific Northwest and enjoys walking to and from work during sunny days. Her utility is sharply diminished if she must walk while it is raining. How much could Sandra increase her expected utility if she read and believed the we..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd