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Art was a custodial supervisor for a large school district. The district was supposed to employ between 30 and 40 regular custodians, as well as 3 to 4 substitute custodians to fill in when regular custodians were missing. Instead, in addition to the regular custodians, Art "hired" 77 substitutes. In fact, almost none of these people worked for the district. Instead, Art submitted time cards for these people, collected their checks at the district office and personally distributed the checks to the "employees." If a substitute's check was for $1,200, the person would cash the check, keep $200 and pay Art $1,000.
What controls are missing and what could be done to prevent?
During March, two cars are sold for $9,000 each. Ted determines that at March 31, the $9,750 car is still on hand. What is Ted's gross profit for March
on october 29 2010 lue co. began operations by purchasing razors for resale. the razors have a 90-day warranty that
weekly learning team assignment - tax article team is to select an article that relates to the weekly reading material
dr. massy who specializes in internal medicine wants to analyze his sales mix to find out how the time of his physician
Prepare the journal entry for American Food Services at the commencement of the lease on January 1, 2013.
At a sales level of $270,000, the magnitude of operating leverage for Donuts Unlimited is 1.5. If sales increase by 20%, profits (net income) will increase by:
Who are the stakeholders in situation and what are the ethical issues involved - decrease depreciation expense and require less extensive disclosure, since the changes are accounted for prospectively.
One month later, the bank's losses become the subject of a major financial scandal. Benny is mad and wants to sue. Does Benny have a case? Explain.
Average cost per unit is $1.425 at the 16000 unit level of activity and $1.38 at the 20000 unit level of activity. What is the variable cost per unit
Brecker Inc., a greeting card company, had the following statements prepared as of December 31, 2017. Make a statement of cash flows with this information
It is required to design an NMOS differential amplifier to operate with a differential input voltage that can be as high as 0.1 V while keeping the nonlinear term under the square root in Eq. (9.23) to a maximum of 0.04.
Lupa Inc. trades its used machine (cost $12,000 less $4,000 accumulated depreciation) for a new machine. Prepare entry to record exchange of assets by Sidney Co
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