In one of the case studies in the textbook, Jerry Harkanell worked as an administrative assistant for a large San Antonio hospital, where his clerical duties included the submission of the payroll information for his unit. He found that he could add hours to the timesheets and receive extra pay. He continued to alter his timesheets until he was finally caught. What red flag was present that should have made someone suspicious

Answers

Answer 1

Answer:

There could have been multiple red flags in this overall case conduct like :

1. Continuous overtime from an employee should have been checked as what would be the reason behind it.

2. Ground reality should have been evaluated, like what are actual timings of Jerry's coming into office and going out.

3. Sheets of person-ell in second shift after Jerry should have also been checked.


Related Questions

Why is the market demand curve for public goods calculated as a vertical summation of individual demand​ curves?
A. because public goods require vertical summation to account for the higher level of fairness compared to private goods.
B. because public goods are finite in availability of​ consumption, so the vertical summation accounts for the limit.
C. because the public good is​ non-rival, so you and others can consume every unit of the good at the same time.
D. because public goods are the opposite of private​ goods, therefore the summing must be done similar to club goods.

Answers

Answer:

c

Explanation:

A public good is a good that is non excludable and non rivalrous. Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue. The demand curve for public goods is summed vertically because all individuals can consume every unit of the good at the same time.

A private good is a good that is excludable and rivalrous. They are usually exchanged in the market by private sector businesses. It is only you who purchased the ferrari and those you allow that can use the ferarri.

Suppose that a small business takes in monthly revenue of $100,000. Labor, rental, energy, and other purchased input costs are $70,000. The owner/entrepreneur could earn $5,000 per month in another job, and the owner/entrepreneur could get a return of $5,000 each month if she sold her business and invested the net proceeds in a financial asset, such as a treasury bond. Which of the following correctly describes her monthly economic profit? 55. If an SUV purchased in 2018 costs $50,000 and weighs 5,800 pounds, the maximum depreciation expense that can be taken is:
A. $50,000
B. $18,000
C. $16,000
D. $9,600 .

Answers

Answer and Explanation:

The economic profit is

Economic profit = Total revenue - (Explicit costs + Implicit costs)

where

Total revenue is $100,000

Explicit costs are $70,000

Implicit costs are $10,000 (opportunity costs)

Now  

Economic profit = $100,000 - $70,000 - $10,000

= $20,000

In the case of small cars that within 6000 lbs, the depreciation should be capped at $18,000 for the first year

Hence, the option b is correct  

 

The Texas Department of Education has offices throughout the state covering more than 268,000 square miles. State
documents are stored on a large server in a central location, so that employees can access the data they need
regardless of their physical location. The type of network used by the organization is most likely a
LAN
MAN
WAN

Answers

Answer:

Wide area network (WAN)

Explanation:

A local area network (LAN) refers to a group of personal computers (PCs) or terminals that are located within the same general area and connected by a common network cable (communication circuit), so that they can exchange information from one node of the network to another. A local area network (LAN) is typically used in small or limited areas such as a set of rooms, a single building, school, hospital, or a set of well-connected buildings. Some of the network devices or equipments used in a local area network (LAN) includes an access point, personal computers, a switch, a router, printer, etc.

On the other hand, a metropolitan area network (MAN) is formed by an aggregation of multiple local area network (LAN) that are interconnected using backbone provided by an internet service provider (ISP). A metropolitan area network (MAN) spans for about 5 kilometers to 50 kilometers in size.

Basically, a metropolitan area network (MAN) spans across a geographic area such as a city and it's larger than a local area network (LAN) but significantly smaller than a wide area network (WAN).

Wide area network (WAN) can be defined as a telecommunication network that covers a wide range of geographical locations such as countries or regions across the world for the purpose of communication and sharing information and data between different users.

Hence, a network that has locations in different countries is considered a wide area network (WAN).

Generally, wide area network (WAN) makes it possible for various organizations to interconnect with their branch offices, headquarters and other multiple locations across the globe. Wide area network (WAN) usually span over a distance of 50 kilometers.

Hence, the type of network used by the organization is most likely a Wide area network (WAN).

A university student database, which included social security numbers and other personal identifying information, is compromised by a computer hacker. The investigation revealed that the hacker subsequently sold the personal identification information to a third party, who then proceeds to submit falsified mortgage loan applications to numerous financial institutions which resulted in approximately $5 million in losses to the financial institutions. This is an example of:

Answers

Answer:

Identity Theft

Explanation:

Identity Theft is defined as when someone steals and uses the identification or personal identifying details and information of another person such as their name, phone number, various financial card's number, etc. without their permission to do any fraud or commit other crimes.

In the context, a hacker steals the identity information and the database of a university student and sold them to some third party who proceeds to submit many falsified applications for mortgage loans to the financial institution that resulted a huge loss to the financial institution is an example of an identity theft, where the hacker steals some other person's personal information and uses them to commit frauds or crimes.

As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $910,000 and liabilities of $300,000. During Year 2, stockholders invested an additional $60,000 and received $35,000 in dividends from the business. What is the amount of net income during Year 2, assuming that as of December 31, Year 2, assets were $995,000 and liabilities were $290,000

Answers

Answer:

$70,000

Explanation:

From the accounting equation, stockholders' equity is asset minus liabilities, as a result, we would determine stockholders' equity at the end of years 1 and 2 as shown thus:

Year 1 stokcholders' equity=$910,000-$300,000=$610,000

Year 2 stockholders' equity=$995,000-$290,000=$705,000

The closing stockholders' equity is the beginning stockholders' equity plus net income and additional invested capital minus dividends

$705,000=$610,000+net income+$60,000-$35,000

net income=$705,000-$610,000-$60,000+$35000

net income=$70,000

An audit of historical financial statements most commonly includes the Group of answer choices income statement, the statement of cash flows, and the statement of net working capital. balance sheet, statement of retained earnings, and the statement of cash flows. balance sheet, income statement, statement of cash flows, and the statement of changes in stockholders' equity. statement of cash flows, balance sheet, and the statement of retained earnings.

Answers

Answer:

balance sheet, income statement, statement of cash flows, and the statement of changes in stockholders' equity.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Examples of financial statements includes Balance sheet, cash-flow and income statement.

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.

Thus, an audit of historical financial statements most commonly includes the balance sheet, income statement, statement of cash flows, and the statement of changes in stockholders' equity.

Jake, a store keeper at Triscent Hypermarket, is accused of stealing food products from the store. When confronted by his manager, Jake justifies his act by claiming that his monthly pay is not sufficient to support his family of five members. In this scenario, the defense mechanism used by Jake is _____. Group of answer choices conversion fantasy flight rationalization

Answers

Answer:

Rationalisation

Explanation:

Rationalisation is the attempt by an individual to justify an action, behaviour, or attitude with logical reasoning. Mostly the reasons given are not appropriate enough.

In the given instance Jake is accused of stealing food products from the store, he justifies his act by claiming that his monthly pay is not sufficient to support his family of five members.

This is not enough reason to still but he still tries to rationalise his action based on his low salary.

the alocholic beverages in a private club are

Answers

Answer:

The alcohol beverages in a private club are owned by the members. Further explanation: A private club is referred to as a place to mingle and meet with individuals of similar interests. In a private club, anyone cannot just enter or join.

Explanation:

Plz mark me brainlyest

Your merchant fee is 3%. Your
customers paid you $2,200,000
through credit cards. What fee
must you pay the credit card
company?
$ [?]

Answers

Answer:

66,000

Explanation:

2,200,000*.03= 66,000

On January 2, 2013, Gant Co. purchased a franchise with a useful life of five years for $60,000 and an annual fee of 1% of franchise revenues. Franchise revenues were $20,000 during 2013. Gant projects future revenues of $40,000 in 2014 and $60,000 per year for the following three years. Gant uses the straight-line method of amortization. What amount should Gant report as intangible asset-franchise, net of related amortization in its December 31, 2013, balance sheet

Answers

Answer:

$48,000

Explanation:

The computation of the amount that should be reported as the intangible asset franchise is shown below

= Purchase value of franchise - amortization per year

= $60,000 - ($60,000 ÷ 5 years)

= $60,000 - $12,000

= $48,000

hence, the  amount that should be reported as the intangible asset franchise is $48,000

Did the demand curve shift during the coronavirus?

Answers

Answer:

Yes, it is correct to say that the demand curve shifted during the coronavirus, as the pandemic was an unexpected event that caused a planned economic recession, with the main objective of reducing production levels and demand in order to contain the pandemic.

One of the examples was the legislation that forced the closing of stores and restaurants in order to reduce the circulation and agglomeration of people in order to reduce the contagion by the virus, which caused a drop in demand and jobs.

Francis worked for GM for 39.9 years, but died 1 month short of retirement. Since he did not retire, his family normally receives nothing from the retirement funds. His widow petitions Mark, his manager, to make an exception and allow the retirement benefits. Mark wants to say no because if this were a regular policy, it would hurt stockholders and draw down retirement funds for the true retirees. But he is sympathetic to the family. What principles is Mark struggling between

Answers

Answer:

Utilitarian principles.

Explanation:

Considering the case described in question where Mark wants to say no because if this were a regular policy, it would hurt stockholders and draw down retirement funds for the true retirees. But he is sympathetic to the family. Hence, Mark is struggling between UTILITARIAN PRINCIPLES which is specifically between "The greater good for all employees and the harm to this one family".

The Utilitarian principles are based on the tenets that considered action to be morally right if it causes satisfaction to people and opposes suffering to the people.

However, where the decision or action is between two groups, the utilitarian principle favors the activities that support the prosperity of a larger number of people in a society or a group. In this case the right answer is UTILITRIAN PRINCIPLES - The greater good for all employees and the harm to this one family.

The doctrine of respondeat superior means that: a. the police are expected to respond immediately to all calls for service b. an employer may be held liable for the wrongful acts of its employees c. the federal court may assume jurisdiction over police misconduct suits involving constitutional violations d. police officers have sovereign immunity and cannot be sued for damages caused by their misconduct

Answers

Answer:

b. an employer may be held liable for the wrongful acts of its employees

Explanation:

Respondeat superior is Latin and means - let the master answer.

This is a provision of the law that states that a party is to take responsibility for the actions of their agents.

It is also called the master-servant rule and is used in both common and civil law.

An employee is the agent of an employer. So any liability that results from the action of the employee is binding on the employer

When Deer Valley Resort Co. (DVRC) was developing its ski resort in the Wasatch Mountains near Park City, Utah, it sold parcels of land in the resort village to third parties. Each sales contract reserved the right of approval over the conduct of certain businesses on the property, including ski rentals. For fifteen years, DVRC permitted Christy Sports, LLC, to rent skis in competition with DVRC’s ski rental outlet. When DVRC opened a new midmountain ski rental outlet, it revoked Christy’s permission to rent skis. This meant that most skiers who flew into Salt Lake City and shuttled to Deer Valley had few choices: they could carry their ski equipment with them on their flights, take a shuttle into Park City and look for cheaper ski rentals there, or rent from DVRC. Christy filed a suit in a federal district court against DVRC. Was DVRC’s action an attempt to monopolize in violation of Section 2 of the Sherman Act? Why or why not? [Christy Sports, LLC v. Deer Valley Resort Co., 555 F.3d 1188 (10th Cir. 2009)] (See Monopolization.)

Answers

Answer:

Yes, In this case DRVC acted alone so Sherman Act may apply.

Explanation:

Sherman acts states that every person who shall monopolize or attempts to monopolize or conspire with other person to monopolize any part of trade among the several states with foreign nations shall be deemed guilty of a felony. This act can be violated by one or more persons.

Sunshine Meals Inc. is a company that sells breakfast foods such as cereals and pancake mixes. The company conducts a study to segment its consumers. It finds the following segments: Segment A: Consists of a small group of individuals who purchase four boxes of the brand's cereal every week. In comparison, the average user consumes one box every week. Sunshine targets segment A by providing them with samples of other Sunshine products with the purchase of one box of cereal. Segment B: Consists of a large number of college students and individuals who have recently begun living on their own and require ready-made mixes as their breakfast solution. Sunshine targets these consumers by providing more variety with pancakes and waffle mixes. Segment C: Consists of consumers who are not consistently buyers. Targeting these consumers could prove a loss for the company.

Answers

Answer: Niche marketing

Explanation:

Your question isn't complete but the remainder has been added as the comment.

Niche marketing simply refers to the promotion and the sale of a product to a specialized segment in the market. Niche market is the segment of a larger market which has its own unique needs, and preferences.

If Sunshine Meals Inc. begins producing a range of sugar free marmalades to target a small segment of health conscious consumers who would be willing to pay a premium price for products appropriate for their diets, then it's refered to as niche marketing.

what type of government action is part of fical policy

Answers

Answer: C. Spending government money on schools

Interim financial statements refer to financial reports: Multiple Choice That cover less than one year, usually spanning one, three, or six-month periods. That are prepared before any adjustments have been recorded. That show the assets above the liabilities and the liabilities above the equity. Where revenues are reported on the income statement when cash is received and expenses are reported when cash is paid. That show assets and liabilities, but not equity.

Answers

Answer:

That cover less than one year, usually spanning one, three, or six-month periods.

Explanation:

Interim financial statements are the financial statements for a period covering less than a year.

they are used to convey the performance of a firm before the end of a full reporting cycle

Interim statements are not audited unlike the annual reports.

Components of an interim financial statement includes:

(a) condensed balance sheet

(b) condensed statement of profit and loss;

(c) condensed cash flow statement

(d) selected explanatory notes.

Thomas and stephani are married with four qualifying children. Their earned income is 28500. Calculate the eic using the eic formula

Answers

Answer:

$6,557.

Explanation:

Following the eic formula, The eic of Thomas and Stephani filling as jointly married with over 3 children and an income < $55952  is = $6,557.

using the eic formula

= $6557

A CPA sole practitioner purchased stock in a client corporation and placed it in a trust as an educational fund for the CPA's minor child. The trust securities were not material to the CPA but were material to the child's personal net worth. Would the independence of the CPA be considered to be impaired with respect to the client? Group of answer choices No, because the CPA does not have a material indirect financial interest in the client. Yes, because the stock is a direct financial interest. No, because the CPA does not have a direct financial interest in the client. Yes, because the stock is an indirect financial interest that is material to the CPA's child.

Answers

Answer:

Yes, because the stock is a direct financial interest.

Explanation:

The principals of the AICPA Code of Professional Conduct contains the responsibilities which are to exercise sensitive professional and moral judgment, in terms of the Public Interest to always honor the public trust and perform responsibilities with the highest sense of integrity.

The 3 Parts of the AICPA code of conduct. This includes:

(1) Members in public practice

(2) Members in business

(3) Other members

In accounting, code of conduct is important as it makes individuals to accept a high degree of responsibility toward the public.

Thd independence of a covered member is impaired when:

A. The covered member has a direct financial interest in a client

B. The covered member has a material indirect financial interest in the client

Direct Financial Interest

This is simply known as the ownership interests that is directly held in a client. An example is stock ownership, even if owned in a blind trust etc.

"The big white house on the hill clearly" was different from any of the other homes in the subdivision. It had more rooms, a double lot, and a large oversized garage and the house was bigger than the smaller homes on either side of it. The homeowner decided to sell the home and was very surprised when the appraiser did not give him the value that he had expected. In this case, the appraiser used the principle of:

Answers

Answer: Functional Obsolescence

Explanation:

Functional Obsolescence could be described as when a product is undervalued than what is expected due it's composed of outdated features.

Most very old homes are usually outdated. Innovation spring forth every day, especially in the area g homes, homes that are commercially rented are portable and have recent designs, but for homes that are not they may not be valued for what they should or what the seller expects. This is the scenario with homeowner.

Answer:

Conformity

Explanation:

a house that is built differently than the houses in the area actually may have a decrease in value.  

Ida moves to New York from Poland and wants to live in an apartment. However, she does not have sufficient money to buy one. Her colleague Henry said Ida can live in his old apartment for a year, if she pays him $25,000. This contract would be considered a(n) ________. Group of answer choices

Answers

Answer:

Lease

Explanation:

Lease is the contract in which one party should convey the property in terms of land, services to the other party for a particualr time and in return they would paid the periodic payment i.e. of month wise normally

so as per the given situation since she does not enough money so she pay $25,000 to him for a year that means it a lease contract between them

Rapida Inc. and Click Inc. are two companies that have been manufacturing typewriters for almost 30 years. Due to the reduced demand for typewriters today, both companies' average return on invested capital is approximately –5 percent. The current industry average is 2 percent. In this scenario, Rapida Inc. and Click Inc. most likely have

Answers

Answer:

The answer is "competitive parity with each other".

Explanation:

It refers to spending on a level equal to your opponents, while you spend more on performing than our competition in a competitive edge. The goods offered by the competitors are each were and can easily be swapped with the product.

It is a defensive strategy used by companies, whilst still the financial resources, to protect their image, brand & positioning. A sector where, compared to others in your sector, you achieve ordinary or average results.

Assume that $17,800 cash is paid for insurance to cover the next year. The appropriate debit and credit would be: Multiple Choice Debit Prepaid Insurance $17,800, credit Cash $17,800. Debit Cash $17,800, credit Prepaid Insurance $17,800. Debit Insurance Expense $17,800, credit Prepaid Insurance $17,800. Debit Prepaid Insurance $17,800, credit Insurance Expense $17,800.

Answers

Answer:

debit prepaid insurance $17,800, credit cash $17,800.

Explanation:

Based on the information given Assume that the amount of $17,800 cash is paid for insurance to cover the next year, The appropriate debit and credit would be:

Debit prepaid insurance $17,800

Credit cash $17,800

As we read in the textbook, Franz Colruyt has achieved low-cost leadership through --------. Group of answer choices effective use of voice mail plastic, not paper, shopping bags background music that subtly encourages shoppers to buy more converting factories, garages, and theaters into retail outlets exclusive use of the Euro currency

Answers

Answer:

converting factories, garages, and theaters into retail outlets

Explanation:

Franz Colruyt has achieved low-cost leadership through converting factories, garages, and theaters into retail outlets.

All the other methods are not used by Franz Colruyt, Hence they are incorrect with respect to this answer.

Hence the correct option is " converting factories, garages, and theaters into retail outlets "

Your expenses that stay the same every month, like a car payment are called _______ expenses.
A. Tracked
B. Steady
C. Fixed
D. Variable

Answers

Answer:

C

Explanation:

like a car payment are called fixed expences

How does microfinance benefit an economy?​

Answers

Answer:

it enables people to use money wisely

Explanation:

this is because a specific amount of money will be provided for a specific reason

Sam and Alice are married and together they own a house that has a market value of $250,000. The loan balance on the house is $175,000. Sam also owns a care valued at $15,000 and has no debt on it. Alice owns a SUV valued at $20,000 and it has a loan balance of $12,000. Sam has a IRA retirement account for $2,000 and Alice has jewelry worth $5,000. Finally, they have a joint bank account with a balance of $7,500. What is the net worth of Sam and Alice

Answers

Answer:

The net worth of her is $486,500

Explanation:

I added all values listed.

Net worth of Sam and Alice 's net worth is $ 112,500.

What is net worth ?

Wealth is measured by net worth. A person's or a company's net worth is the total of all of their assets, less any liabilities or commitments. A person or institution's net worth is determined by deducting the value of all of its outstanding liabilities from the total value of all of its financial and non-financial assets.

Net worth can alternatively be succinctly represented as non-financial assets plus net financial assets because financial assets minus outstanding obligations equal net financial assets. It can be used by businesses, people, governments, entire nations, or even certain economic sectors like the financial industry.

Computation of Net worth

Assets and Liabilities of Sam and Alice are as listed below

Assets

House = $250,000

Sam's car = $15,000

Alice's SUV = $20,000

IRA retirement account = $2,000

Alice's Jewellery = $5,000

Joint Bank Account balance = $7,500

Total value of assets = $250,000 + $15,000 + $20,000 + $2,000 + $5,000 + $7,500 = $299,500

Liabilities

House Loan Balance = $175,000

Alice's SUV loan = $12,000

Total value of liabilities = $175,000 + $12,000 = $187,000

Net Worth = Assets - Liabilities = $299,500 - $187,000 = $112,500

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# SPJ 2

a. The amount of each lease payment will be increased by the option price. b. The lessee must decrease the present value of the lease payments by the present value of the option price. c. There is no impact as the option does not enter into the transaction until the end of the lease term. d. The lessee must increase the present value of the lease payments by the present value of the option price.

Answers

Answer:

d). The lessee must increase the present value of the minimum lease payments by the present value of the option price.

Explanation:

The bargain purchase option refers to the clause mention in a lease contract or agreement which provides the lessee [tex]\text{to purchase}[/tex] or buy a leased asset from a person at the end of the [tex]\text{lease period}[/tex] at a price which is substantially below its [tex]\text{fair market value}[/tex].

In bargain purchase option, the present value of a [tex]\text{minimum lease payments}[/tex] can be increased by bargain purchase option. So the lessee must [tex]\text{increase}[/tex] the present value of [tex]\text{minimum lease payments}[/tex] by the present value of the [tex]\text{option price.}[/tex] This is the impact of the bargain purchase option on the present value of [tex]\text{minimum lease payments}[/tex].

Thus, the correct option is (d).

On January 1, 2021, Nana Company paid $100,000 for 8,300 shares of Papa Company common stock. The ownership in Papa Company is 10%. Nana Company does not have significant influence over Papa Company. Papa reported net income of $55,000 for the year ended December 31, 2021. The fair value of the Papa stock on that date was $63 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2021

Answers

Answer:

$522,900 will be reported in the balance sheet of Nana Company for the investment in Papa on December 31, 2021

Explanation:

The amount That will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2021, can be calculated using the following formula

Amount of Investment =  Total Numbers of shares x  Fair value of Papa stock

Where

Total Numbers of shares = 8,300 shares

Fair value of Papa stock = $63 per share

Placing values in the formula

Amount of Investment =  8,300 x  $63

Amount of Investment =  $522,900

"One should have deep interest in the profession he/she is going to choose." Justify the statement.​

Answers

Answer- yadav le sikayena?? no fear when i am here

"One should have a deep interest in the profession he/she is going to choose" yes, the statement is true because each profession is likely to have both positive and negative aspects. One should choose the profession which has more positive aspects than negatives ones.

Explanation:

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