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Question - 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.
Eventually, what will be the effect of her actions?
What can the company do to prevent this type of behavior?
Compute the amount of gross profit to be recognized from the installment sale in 2013, 2014, 2015, and 2016 using point of delivery revenue recognition. Ignore interest charges.
Allen's Jewelry accepted a $3,600 note from S. Wells in settlement of an old account receivable. The 12 percent note was dated November 2, 2008, and was due in 120 days. Assume that Allen's Jewelry closes its books on December 31. How much interes..
master machine corporation incurs the following estimated annual costs in making anbsp subassembly for one of its
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micro technology is considering two alternative proposals for modernizing its production facilities. to provide a basis
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the effect of each recommendation on the economy, the relative effects of each recommendation on different socioeconomic groups of taxpayers
First National Bank charges 14.3 percent compounded monthly on its business loans. Calculate the EAR for First National Bank and First United Bank
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fast delivery is a small company that transports business packages between new york and chicago. it operates a fleet of
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