acc 450 Anderson embezzled $20,000 from her company's account in Bank X. At year-end, she hid the shortage by making a deposit on December 31 in Bank X, drawn on Bank Y. She has not recorded the transaction on the books. This is an example of:

Answers

Answer 1

It is an example of kiting.

The following information should be related to kiting:

Kiting is an act that is to be done intentionally while writing a check for the amount i.e. more than the account balance in one bank as compared with the other account in other banks.It is to be done in the case when there is no sufficient balance in the bank having the second check that covers up the inexistence funds from the first account in the bank.

Therefore we can conclude that it is an example of kiting.

Learn more about the deposit here: brainly.com/question/2507231


Related Questions

The acquisition cost of a plant asset does not include multiple choice incidental costs, such as title fees, sales commissions, legal fees, and so on. repair costs resulting from damage to the plant asset while it was being unpacked. all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. costs incurred to modify or customize the new plant asset.

Answers

Answer:

The answer is ' repair costs resulting from damage to the plant asset while it was being unpacked'

Explanation:

The acquisition cost of a plant asset does not include repair costs resulting from damage to the plant asset while it was being unpacked. Why? - Because this doesn't lead to the improvement of the asset.

Acquisition costs comprise the commission paid, legal fees, cost of improving the assets and all necessary cost paid to get the assets running.

Which of the following best describes why consumers are price​ takers? A. Individual transactions are too small to have much impact on the market price. B. Many individuals lack the skills to negotiate prices. C. If consumers​ don't pay the price​ asked, the store will just sell the product to someone else. D. Consumers​ don't know what it costs to make most products.

Answers

Answer:

c

Explanation:

because it only makes sense to do it that way

Zippy had cash inflows from operations of $72,500; cash outflows from investing activities of $57,000; and cash inflows from financing of $35,000. The net change in cash was:

Answers

Answer:

$50,500 increase

Explanation:

Calculation to determine what The net change in cash was:

Using this formula

Net Change in Cash = Cash Flows from Operating Activities + Cash Flows from Investing

Activities + Cash Flows from Financing Activities

Let plug in the formula

Net Change in Cash = $72,500 + ($57,000) + $35,000

Net Change in Cash = $50,500

Therefore The net change in cash was:$50,500 Increase

Which of the following is a disadvantage of a sole proprietorship?

Question 1 options:



A: The owner has unlimited liability for the debts of the business.




B: Proprietors are their own bosses and can work their own hours.




C: It's the least expensive type of business organization to create.




D: The owner gets to decide what to do with all of the profits made.

Answers

Answer: la D

Explanation:

The disadvantage of a sole proprietorship is The owner has unlimited liability for the debts of the business. Option A is the correct answer.

A sole proprietorship is a type of business organization where a single individual owns and operates the business. While there are advantages to this form of business, such as being your own boss and having control over the business decisions, there are also disadvantages. Option A is the correct answer.

One of the main disadvantages is unlimited liability. In a sole proprietorship, the owner is personally responsible for all debts and obligations of the business. This means that if the business incurs significant debts or legal issues, the owner's personal assets may be at risk. For example, if the business fails to repay a loan, the owner's personal assets, such as their house or savings, could be used to satisfy the debt.

Learn more about Sole Proprietorship here:

https://brainly.com/question/12913114

#SPJ2

While traveling on a commercial bus line, a passenger was injured when some luggage fell on him. As required by applicable state law, the bus company's in-house attorney conducted an investigation and filed the required report with the state transportation department. The passenger subsequently filed a civil action against the bus company in federal district court, seeking compensatory damages for the injuries he suffered. During discovery, the passenger's lawyer served on the bus company a request for production of documents, including a request for the report that the bus company filed with the state. The bus company objected to the request for the report and refused to produce it on the grounds that the report was privileged and protected from discovery under the work product doctrine. It did, however, produce other documents that were requested. The passenger then filed a motion to compel production of the report. If the court finds that the bus company's claims of privilege and work product were not substantially justified, what orders must the court make relating to the passenger's request for production of the report

Answers

Answer: See explanation

Explanation:

In a situation whereby the attorney of the passenger tried resolving the dispute in good faith, then the bus company must be ordered by the court to produce the report as well as the payment of reasonable cost that was incurred in making the motion.

It should however be noted that such cost may not be awarded when the movant had filed the motion before obtaining the disclosure in good faith. Also, the cost with be given when the nondisclosure response of the opposing party was justified.

What is one TRUE statement about the stock exchange?

Answers

Answer:

Explanation:

For every seller, there has to be a buyer. For every buyer, there has to be a seller.The market determines the value put on a stock at least when the stock is on an exchange.There are many parameters used to determine if a stock should be bought or sold.

Answer:

A. Each stock market is used to buy and sell stocks or shares of ownership in a company.

Explanation:

Edmentum 2022

The act of starting and creating a business on one's own is called
A. entrepreneurship
B. freelancing
C. objectives
D. ambition

Answers

entrepreneurship is the answer , hope this helps ! :)

Rhonda is a procurement officer for the government and needs to hire a new plumbing company that she could pay a fixed price per year to get their services on demand. She sends out this request to a plumbing website where multiple plumbing firms respond with their prices. Rhonda will choose the lowest price offer. This is an example of what

Answers

Answer:

competitive bid.

Explanation:

This is an example of competitive bid.

ACME Home Loans is a private lender with a strict policy of limiting originations to conventional qualified mortgages with minimum loan amounts of $300,000. To ensure compliance with this policy, loan originators are instructed to refuse to accept applications from consumers who want loan amounts of less than $300,000, or who have debt-to-income ratios of 44% or more. This policy is:

Answers

Answer:

The correct option is e. Potentially unlawful under the disparate impact theory.

Explanation:

Note: This question is not complete as the options are omitted. The options are therefore provided to complete the question before answering the question as follows:

a. Not a violation of any federal fair lending law

b. Potentially unlawful under the disparate impact theory

c. An example of disparate treatment of consumers

d. Legal if there is no discriminatory intent

e. Potentially unlawful under the disparate impact theory.

The explanation of the answers is now provided as follows:

Basically, disparate impact theory relates to the USs labor law and can be described as employment, housing, and other practices that disproportionately affect one group of persons with a protected trait over another, despite the fact that laws implemented by employers or landlords are ostensibly impartial.

For this question, despite that no discrimination may be intended, lending regulations that hurt creditworthy people who are members of a protected class may be prohibited.

The lending rules outlined in this issue, for example, could have a negative impact on younger applicants, breaking the Equal Credit Opportunity Act's (ECOA) restriction on age-based discrimination.

Therefore, the correct option is e. Potentially unlawful under the disparate impact theory.

Another word for business. ( 3 words )
Please help ASAP.

Answers

some synonyms would be marketing, work, pursuit, vocation and of course what the other person said

During its 2021 fiscal year, Jacobsen Corporation reported before-tax income of $624,000. This amount does not include the following two items, both of which are considered to be material in amount: Unusual gain$204,000 Loss on discontinued operations(304,000)The company's income tax rate is 25%. Jacobsen Corporation prepares its financial statement applying International Financial Reporting Standards (IFRS). In its 2021 income statement, Jacobsen would report income from continuing operations of:

Answers

Answer:

the income from continuing operations reported is $777,000

Explanation:

The calculation fo the income from continuing operations reported is shown below:

= Before tax income + unusual gains × (1 - tax rate)

= $624,000 + $204,000 × (1 - 0.25)

= $624,000 + $153,000

= $777,000

hence, the income from continuing operations reported is $777,000

Metallica Bearings, Incorporated, is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $14 per share 10 years from today and will increase the dividend by 3.9 percent per year thereafter. If the required return on this stock is 11.5 percent, what is the current share price

Answers

Answer:

$69.08

Explanation:

Calculation to determine the current share price?

First step is to determine the price of the stock in year 9

P9=$14/(.115− .039)

P9=$14/0.076

P9=$184

Now let determine the Current price

P0=184.00/(1+.115)^9

P0=184.00/1.115^9

P0=184.00/2.6636

P0=$69.08

Therefore the current price is $69.08

A company is trying to set up proper internal controls for their accounts payable/inventory purchasing system. Currently the purchase order is generated by the same person who receives the inventory. Together the purchase order and the receiving ticket are sent to accounts payable for payment. What changes would you make to improve the internal control structure

Answers

Answer: I would relieve the responsibilities of person doing both generating purchase and receiving inventory

Explanation:

Receiving inventory and generating purchase are two separate task done in the accounting sector of an organization. Their activities can be really tasking especially when the organization is big and has a lot to deal with. For this present organization, the change I will effect is to relieve the responsibilities of person doing both generating purchase and receiving inventory, and assign them to just one, either of them, then get someone else to do the other task. This makes it easier and faster for both the organization and the personnel.

Choose the correct statement. A. A check is money because while it is in circulation the quantity of money increases by the amount of the check. B. Currency is money and credit cards are money because they are means of​ payment, but deposits are not money. C. Deposits are​ money, checks are not​ money, and credit cards are not money. D. A credit card is money because it allows you to take a loan at the instant you buy something.

Answers

Answer:

C. Deposits are money, checks are not money, and credit cards are not money.

Explanation:

Money can be defined as any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world. Thus, it's any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.

Simply stated, money refers to any asset which can be used to purchase goods and services by customers.

This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

In this context, the true and only correct statement is that, deposits are​ money, checks are not​ money because they are not a legal tender, and credit cards are not money because it's a plastic card used for e-commerce based on money being in the account of the holder.

Amartya is interviewing several candidates for a position at his firm. If he makes the right decision with the hiring choice, the firm will prosper, his superiors will look favorably on him, and Amartya will likely receive a promotion. However, if he makes a poor choice, the firm will suffer, and Amartya may even be demoted. When evaluating candidates for the position, Amartya will be primarily motivated by a need for:

Answers

Answer: Accurate knowledge

Explanation:

Recruiting personnel's into organization to handle task or fill in job role is difficult sometimes. Employers have complained about most employees not meeting what they want, while employees complain the processes involved are becoming much. Recruiting most be done well to meet an organization target else they'll keep recruiting, unless they are ready to train fresh or inexperienced intake which would take time.

For recruiters to get what they want when recruiting they most be on the lookout for the person who has an accurate knowledge on the job to be employed for, this helps avoiding mistakes.

A business statistics course has 2 accounting majors, 4 finance majors, 6 marketing majors, and 8 insurance majors. Which one of the following is true if a pie chart was constructed to depict majors of students? Multiple choice question. The marketing slice would be three times as big as the accounting slice. The slice for accounting would represent 20% of the pie chart. The slice for insurance would make up more than half of the pie chart. The slice for marketing majors would be two times as big as the finance slice.

Answers

Answer: The marketing slice would be three times as big as the accounting slice.

Explanation:

The total number of majors are:

= 2 + 4 + 6 + 8

= 20 majors

The proportions of the majors are:

Accounting = 2 / 20 * 100% = 10%

Finance = 4 / 20 * 100% = 20%

Marketing = 6 / 20 = 30%

Insurance = 8 / 20 = 40%

Notice how marketing takes 30% and Accounting takes 10%.

Marketing will therefore take up three times as much slices as Accounting.

A company needs performance targets or objectives Group of answer choices to unify the company's strategic vision and business model. to prevent lower-level organizational units from establishing their own objectives. for its operations as a whole and for each of its separate businesses, product lines, functional departments, and individual work units. because they provide parameters for the company's strategy map. to help guide managers in deciding what strategic path to take in the event that a strategic inflection point is encountered.

Answers

Answer:

For its operations as a whole and also for each of its separate businesses, product lines, functional departments, and individual work units.

Explanation:

Strategic plan

This is simply refered to as the lays out of the future direction of a company, performance targets, and strategy.

Company Mission

This simply states the purpose to which a company is set up and its present business. it answer the questions of "Who we are, what we do, and why we are here?.

The Objectives

This is simply the performance target or output to be generated by an organization. They are known as the specific goals or results that management wants to achieve. They are important at all organizational levels, from the corporate level down to the operating level.

Why does electronic commerce benefit small firms? Without e-commerce, small firms often lack the resources to expand beyond local markets. The government has committed significant resources to encourage small firms to go online. Small firms are often "tech savvy", which allows them to embrace innovations more quickly. Large firms have complex business plans that fail to direct investment toward the Internet.

Answers

Answer:

Without e-commerce, small firms often lack the resources to expand beyond local markets.

Explanation:

In Business, e-commerce can be defined as a business model which involves the buying and selling of goods or products over the internet.

Generally, e-commerce comprises of four (4) business models and these are;

1. Business to Business (B2B).

2. Business to Consumer (B2C).

3. Business to Government (B2G).

4. Consumer to Consumer (C2C).

Without e-commerce, small firms who predominantly lack the resources to expand beyond local markets unlike larger business firm wouldn't be able to grow and develop into penetrating global markets.

Suppose that an economy consists of only two individuals. Jeremy has $1690 available to spend on goods. He decides to purchase $470 worth of produce from Michele in the current quarter. No other economic activity takes place during the current quarter. Using this information, answer the questions. For the current quarter, what is the economy's income?

Answers

Answer:

$470

Explanation:

The calculation of the economy income is given below:

Since $1,690 spend on goods and then he decided to purchase for $470 in order to generate it

So here we can see that there is one and only economic activity that took place at the present quarter that is of $470

Therefore the economy income is $470

The Unadjusted Trial Balance columns of a work sheet total $84,000. The Adjustments columns contain entries for the following: Office supplies used during the period, $1,200. Expiration of prepaid rent, $700. Accrued salaries expense, $500. Depreciation expense, $800. Accrued service fees receivable, $400. The Adjusted Trial Balance columns total is:

Answers

Answer:

$85,700

Explanation:

Calculation to determine what The Adjusted Trial Balance columns total is:

Unadjusted Trial Balance columns $84,000

Accrued salaries expense$500

Depreciation expense $800

Accrued service fees receivable $400

Adjusted Trial Balance columns total $85,700

Therefore The Adjusted Trial Balance columns total is:$85,700

Blossom Company purchased equipment on January 1 at a list price of $100000, with credit terms 2/10, n/30. Payment was made within the discount period. Blossom paid $3000 sales tax on the equipment and paid installation charges of $1500. Prior to installation, Blossom paid $3000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment

Answers

Answer:

the total cost of the new equipment is $105,500

Explanation:

The computation of the total cost of the new equipment is given below:

Total cost of the new equipment is

= Net price + Sales tax + Installation charges + Payment for concrete slab

= [$100,000 - ($100,000 × 2%)] + $3,000 + $1,500 + $3,000

= $105,500

Hence, the total cost of the new equipment is $105,500

Able Inc. sells a new product with a 2-year warranty. The company estimates that during the two years, the costs and related probabilities are: Year 1: $10,000 (20%) and $20,000 (80%); Year 2: $15,000 (50%); $25,000 (50%).The company's effective interest rate is 4%. Assuming the warranty costs are settled at the end of Years 1 and 2, calculate the estimated warranty liability using the expected cash flow method.

Answers

Answer: $35,798.82

Explanation:

Find the expected warranty costs and then discount them using the effective interest rate:

Year 1:

= (10,000 * 20%) + (20,000 * 80%)

= $18,000

Year 2:

= (15,000 * 50%) + (25,000 * 50%)

= $20,000

Estimated warranty liability is the present value:

= 18,000 / (1 + 4%) + 20,000 / (1 + 4%)²

= $35,798.82

The Real Estate Settlements and Procedures Act (RESPA) applies to: Select one: A. those parties who are indirectly related to a real estate transaction such as termite inspectors or flood insurance agents on policies not escrowed. B. installment contracts of residential property for investment. C. all first lien residential mortgages for the purchase of one to four-family homes or condominiums for investment or occupancy. D. all residential mortgages for occupancy only.

Answers

Answer:

D. all residential mortgages for occupancy only.

Explanation:

The act applies to the loan purchases, property investments and equity lines of credit. It proves brokers to give disclosure of borrowers regarding the real estate.

Eleonore and Henry form a partnership to operate a horseback-riding business. The two partners file a duly executed statement of authority indicating that only Eleonore has the authority to buy and sell horses on behalf of the partnership. James, a regular customer who was unaware of the statement of authority, asks Henry if he can buy one of the horses from the partnership. Henry agrees to sell James a horse. When Eleonore finds out about the sale, she is furious, and demands that Henry retrieve the horse from James. Is Henry's sale of the horse binding

Answers

Answer:

Yes, because Henry had authority to sell the horse

Explanation:

In the given scenario Henry had apparent authority to sell the horse.

Apparent authority is the ability of an agent to act on behalf of a principal even though this is not clearly stated out. It is as a result of a third party assuming the agent has such power.

James rightly assumed Henry had the power to sell the horse.

So the sale of the horse is binding on Eleonore.

Carlos tiene $40.00 para gastar a la semana en almuerzos y copas de vinos. El precio de cada almuerzo es de $8.00 y el precio de cada copa de vino es de $4.00.

La siguiente tabla presenta la utilidad total de Carlos relacionada con los almuerzos y las copas de vinos.

Answers

Answer:

Carlos gastará $12.00 al día para almuerzos y copas de vino.

Which of the following statements is true?

Answers

Answer:

True

Explanation:

Coronado Industries uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $18000 of materials, $13000 of direct labor costs, and $8000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $12000, and the ending balance is $9000. During the year, the company completed 25 machines. How much is the cost per machine

Answers

Answer:

Cost per machine $1,680

Explanation:

The computation of the cost of the machine is given below:

Beginning work in process $12,000

Direct material $18,000

Direct labor $13,000

Overhead $8000

Less: Ending work in process -$9,000

Cost of goods manufactured $42,000

Divided by Unit 25

Cost per machine $1,680

hence,the same should be relevant

Raj Patel's specialty pharmaceuticals packaging firm needs to be more agile in order to be competitive in the marketplace. Foregoing buying a full-service laboratory because of the investment and risk, Patel decides to form a ________ with a chemical firm in China that has a laboratory but lacks a packaging business. Each company brings a complementary capability to the other, allowing them to pursue mutual goals.

Answers

Answer:

strategic alliance

Explanation:

A strategic alliance in domain of business can be regarded as an arrangement between two companies

whereby the companies undertake a mutually beneficial project but even though they both undergo the project together, each of them will still retains their independence. This type of agreement can be regarded as been less complex and can be regarded as been less binding compare to a joint venture, whereby two businesses pool together resources so they can develop separate business entity.

Woodrow Wilson's New Freedom a supported federal government ownership of railroads and utilities. b favored big business with accompanying federal regulation. c favored small enterprise, entrepreneurship, and the busting of monopolies. d was focused around working-class issues like unions and minimum-wage laws. e opposed banking and tariff reform.

Answers

Answer:

C.

Explanation:

Favored small enterprise

In his speech the previous day, the new CEO had discussed his experience in the industry and his education. Carrie thought that the new CEO would do a great job given these characteristics, coupled with his good oratory skills and the fact that he just looked like a CEO. Carrie realized that she had been judging the new CEO in a manner consistent with the

Answers

Answer:

trait

Explanation:

Trait leadership means the personal attribute pattern that could be integrated and the same should be reflected the individual differences range also it foster the consistency leader effectiveness for different group and the organization situation

so as per the given situation, it is a trait leadership theory

The same should be considered and relevant

Other Questions
Rewrite the sentences according to the instructions given. 1. Hers is the most beautiful voice I have ever heard. (change into exclamatory) 2 Will you please tell me the truth? (change into advice) 3.It rains heavily in Cherrapunji. (add a question tag) 4. Help me complete this task. (request) 5. I will go to see her tomorrow. (negative) 6. Suman plays tennis. (yes/no question) the study of the organization and collection of data is know as? Write an equation in point-slope form for the line through the given point with the given slope.3(4, -6); m = for funif you had to choose what animal would you be^-^ Give the change in condition to go from a gas to a solid. Group of answer choices cool or increase pressure cool or reduce pressure increase heat or reduce pressure increase heat or increase pressure none of the above a body may have zero velocity even though its speed is 10m/s. give reason. KNK bank receives a deposit of GHS 1,000 and observes a cash ratio of 10%. Assuming there is no cash drain(cashless economy) and all rxcess reserves are pushed into loans. a. what is the maximum amount of money that can be pushed into loans. b. what is the total increase in money supply with the bank? What is computer called a versatile machine? What is the sum of the factors?Two factors of -48 have a difference of 19. The factorwith a greater absolute value is positive.6 0 0-190-1316Mark this and returnSave and ExitNextSubmit Sometimes it is necessary to invest a certain amount of money at a fixed interest rate for a fixed number of year so that a financial goal is met. The inital amount invested in called the present value.a. Trueb. False Define measurement and write its importance. Complete the followingsentence:aThe owner's daughter is onlyemployee; the realwork is done by everyoneelse.A. consternationB. scrupleC. copiousD. nominal How many Africans were killed or enslaved by 1810? please could u help me wth that Which of the following statements is generally true about change in the workplace ? a ) Most people accept change easily . b) Smart companies can avoid change altogether. c) Change in the workplace fairly infrequently d) Individuals can learn to manage the changeheelp me in this ? Why do you think it is important to be proficient in math? 5-7 sentences! Which inequality is true?O A. 1 2 > 2OB. 8 - T > 5O C. 1071 > 30O D. 1+4 John's dad makes wooden furniture, but there are many furniture makers in his state. John's dad decides to ship his furniture to the next state tobe sold, as there are fewer people selling furniture in that state. Which concept MOST impacts this movement of goods?transportationOB.distanceoc intervening opportunityOD. supply and demand In a fruit punch drink, the 3ingredients are apple juice, orangejuice and cranberry juice. If 1/4 of thedrink is apple juice and2/5 is orangejuice then write the ratio ofcranberry juice to apple juice toorange juice in its simplest form. The critical mass of fissionable material is the largest mass necessary to sustain a nuclear fission chain reaction. single mass value that can sustain a nuclear fission chain reaction. mass at the critical point, which can sustain a nuclear fission chain reaction. smallest mass necessary to sustain a nuclear fission chain reaction. Which of the following is an example of an optional deduction ? " a ) Medicare Ob ) Social Security c ) Retirement plan d ) State tax