Inventory accounting can often be used for unethical or fraudulent behavior. Discuss the accounting principles and practices as they relate to inventory, and list one or more way(s) that fraudulent activity can take place

Answers

Answer 1

One way to reduce the risk of fraudulent activity is to assign two persons to check the inventory.

Accounting principles lay out the basic guidelines and ideas and create the foundation upon which specific accounting standards are built.

Inventory-related accounting principles and procedures might be applied unethically. For instance, many teachers in my field who are required to gather and check-in inventory do so while keeping the inventory for themselves. Having two persons check off the inventory is one method to lower the risk.

Accounting fraud is the illegal modification of a company's financial statements in an effort to hide earnings or losses or to manipulate the company's appearance of health. Accounting fraud can be committed in a variety of ways, including overstating revenue, failing to record expenses, and misrepresenting assets and liabilities.

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The complete question is mentioned below:

Inventory accounting can often be used for unethical or fraudulent behavior. discuss the accounting principles and practices as they relate to inventory, and list one or more way(s) that fraudulent activity can take place. be as detailed as possible, and if appropriate, include a personal experience you have encountered. next, discuss at least one way to reduce the risk of fraudulent practices such as this from taking place in a business.


Related Questions

Write the following expression using the fewest possible terms.

(−8 + 2.7p) + (13.6p − 2)

16.3p + (−10)
16.3p + (−6)
10.9p + (−6)
1.63p + (−10)

Answers

Answer:The answer would be 16.3p +(-10)

Step-by-step explanation: 13.6p + 2.7p is 16.3

                                               -8-2 is -10

                                              so the answer would be 16.3p +(-10)

mayas penny bank is 1/2 full. after she adds 120 pennies,it is 2/3 full. How,many pennis can mayas bank hold?

Answers

Answer:

720

Step-by-step explanation:

We are looking for the difference between 2/3 and 1/2, which we know to be 120. To subtract fractions of different denominators, we need to find the common denominator (this can be found by finding the LCM of both denominators)

120 = 2/3 - 1/2 = 4/6 - 3/6
1/6 = 120

We can multiply 120 by 6 to find the value of the full bank.

1/1 = 720

4(xy)² – 2x + 5y for x = 6 and y
=2

Answers

Answer:

574

Step-by-step explanation:

4[(6)(2)]²-2(6)+5(2)

4[12]²-12+10

4(144)-2

576-2

574

Hope this helps!

what is the perimeter of a regular, triangular yield sign with aside length of 15 in

Answers

45 inches s the perimeter of a regular, triangular yield sign with aside length of 15 in

What is perimeter?

The perimeter of a shape is the sum of the lengths of all its edges. For example, a triangle has three edges, so its perimeter is equal to the sum of those three lengths.

The perimeter of a square can be easily calculated if one side and all other sides are given as being the same length; for example, a square with sides measuring 5 inches long has a perimeter of 20 inches because 5 x 4 = 20. By multiplying the sum of the length and width by two, one can determine a rectangle's perimeter.

We will use the simple perimeter formula as yield sign is equilateral triangle

So, 15 × 3 = 45 inches

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Your cell phone plan costs $24.99 per month plus $0.19 for each text message you send or receive. You have at most $34 to spend on your cell phone bill. What is the maximum number of text
messages that you can send or receive next month?
The maximum number of text messages is

Answers

Answer:

33

 messages

Step-by-step explanation:

Can you help make a 10 help you add 7+4+5 explain

Answers

Answer:

16

Step-by-step explanation:

Find three consecutive even integers such that the square of the third is 52 more than the square of the second.

Answers

The Three consecutive numbers will be 24.5, 25.5, 26.5

We have to take three consecutive numbers. Let the first number be 'x' and the consecutive two numbers be (x + 1), and (x + 2).

It is given that the square of the third number is greater than the square of the second number by 52. We need to create an equation that represents this situation. So, we get :

  => (x + 2)² = (x + 1)² + 52  

  =>  x² + 4x + 4 = x² + 2x + 1 + 52

  =>  x = 49/2      =>  x = 24.5

We get value of x = 24.5. Putting this value of x in consecutive numbers we get the first, second, and third numbers as 24.5, 25.5, and 26.5 respectively.

Hence, we get the three consecutive numbers: 24.5, 25.5, and 26.5

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Write the coordinates of the vertices after a rotation 90° counterclockwise around the origin.
E (-8,9)
F(-4,9)
G(-4,2)
D(2,-8)

Answers

The coordinates of the vertices E (-8,9), F(-4,9), G(-4,2), and D(2,-8) when rotated 90° counterclockwise around the origin of the new coordinates will be E'( - 9, - 8 ), F'( - 9, - 4 ), G'( - 2, - 4 ), and D'( 8, 2 ).

A point A( x, y ) becomes A' when a point is rotated 90 degrees counterclockwise about the origin ( - y, x ). To put it another way, flip x and y, and make y negative.

Therefore, when point E( - 8, 9 ) is rotated 90° counterclockwise around the origin will be:

E'( - 9, - 8 )

When point F( - 4, 9 ) is rotated 90° counterclockwise around the origin the new point will be:

F'( - 9, - 4 )

When point G( - 4, 2 ) is rotated 90° counterclockwise around the origin the new point will be:

G'( - 2, - 4 )

When point D( 2, - 8 ) is rotated 90° counterclockwise around the origin the new point will be:

D'( 8, 2 )

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How much cardboard will Jayden need to make the box?
OA 60 ft²
OB. 96 ft²
OC. 128 ft²
OD. 144 ft²

Answers

Jayden needs (C) 128 ft² cardboard to make a box.

What are parallelograms?A parallelogram is a simple (non-self-intersecting) quadrilateral with two pairs of parallel sides in Euclidean geometry. A parallelogram's opposite or facing sides are of equal length, and its opposite angles are of equal measure. The congruence of opposite sides and angles is a direct result of the Euclidean parallel postulate, and neither condition can be proven without resorting to the Euclidean parallel postulate or one of its equivalent formulations.

The net is made up of six parallelograms, each representing one of the box's faces.

Four rectangular faces with dimensions of 6 ft × 4 ftThe other two faces are square in shape, with side lengths of 4 feet.

The area represented by the net can be used to estimate how much cardboard Jayden will need to make the box.

The calculations are as follows:

Rectangular faces: length × height = 6 ft × 4 ft = 24 ft²Square faces: side length² = (4 ft)² = 16 ft²

So, our rectangles and two squares:

4 × 24 ft² + 2 × 16 ft² = 96 ft² + 32 ft² = 128 ft².

Therefore, Jayden needs (C) 128 ft² cardboard to make a box.

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5- b = 2t Solve for t or f I give extra points

Answers

Answer:

[tex]t = - \frac{1}{2} b + \frac{5}{2} [/tex]

what is42089 divided by 8

Answers

Answer:

5261

Step-by-step explanation:

your welcome

Find the a) down payment, and b) amount of the mortgage loan. 2. Alvira and Barry Gomez purchased a home priced at $280,000. They put down 40%.

Answers

The down payment is $112,000.

And, Amount of the mortgage loan is $168,000.

Here,

Alvira and Barry Gomez purchased a home priced at $280,000.

They put down 40%.

We have to find down payment.

And, Amount of the mortgage loan.

What is Down payment?

A sum of money that a buyer pays in the early stages of purchasing an expensive good or service is called down payment.

Now,

Alvira and Barry Gomez purchased a home priced at $280,000.

They put down 40%.

Hence, The down payment = $280,000 x 40%

                                          = $280,000 x 40 / 100

                                          = $112,000

And, Amount of the mortgage loan = Total amount - Down payment

                                                      = $280,000 - $112,000

                                                      = $168,000

Therefore, The down payment is $112,000.

And, Amount of the mortgage loan is $168,000.

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V = 4 + at, solve for a.​

Answers

Answer: a=(V-4)/t

Step-by-step explanation:

V = 4 + at

V-4=at

a=(V-4)/t

Whitney buys two submarine sandwiches for an after-school party. One sandwich is 45 inches long and the other sandwich is 20 inches long. Whitney wants to cut servings of the same length from both sandwiches, without having any sandwich left over. What is the greatest length serving that Whitney can cut?

Answers

Answer:

  5 inches

Step-by-step explanation:

Whitney wants the greatest length that is an even divisor of both 45 inches and 20 inches.

Greatest common factor

The length Whitney is looking for is called the "greatest common divisor" (GCD) or "greatest common factor" (GCF) of the two numbers 45 and 20. There are a couple of different ways this can be found.

Factoring

The prime factors of the two numbers are ...

  45 = 3×3×5

  20 = 2×2×5

The only factor common to the two products is 5. It is the greatest common factor.

Whitney can cut lengths of 5 inches.

Euclid's algorithm

Another way to find the GCD is to use Euclid's algorithm. That has you ...

Divide the larger number by the smaller and keep the remainder.If the remainder is not zero, replace the larger number with it and repeat.If the remainder is zero, the smaller number is the GCD.

Using this algorithm, we have ...

  45/20 = 2 r 5

  20/5 = 4 r 0 . . . . . The GCD is 5

Whitney can cut lengths of 5 inches.

A light bulb manufacturer did an inventory count
on the last day of the corporate financial year
It showed they had 2000 bulbs in the warehouse
Each bulb had been purchased at a delivered
cast of £2 with a average delivery cost of f0:30
per bulb and light bulbs have selling price of
£2.20 what is the value of the inventory.

Answers

The value of the inventory will be 4000

Bulbs in the warehouse: 2000 bulbs

Cost of each bulb to the manufacturer: 2

Average delivery cost = 0.30

The selling price of the bulb = 2.20

Value of inventory: The monetary value assigned to the items in inventory at the end of an accounting period is known as inventory valuation. The inventory is valued based on the expenses incurred to get it and prepare it for sale.

The biggest current business assets are inventories. You can assess your cost of goods sold (COGS) and, ultimately, your profitability, thanks to inventory valuation.

The value of the inventory is calculated on the cost price, therefore the value of the inventory will be:

= Cost of each bulb*Number of bulbs

= 2000*2

= 4000

So, the value of the inventory will be 4000

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If x varies directly as y and when x = 5, y = 20. Find the relationship between x and y. ​

Answers

the relationship between x and y when x varies directly is 4 x = y.

We know that when x varies directly with y, then:

x = k y

Now, we have x = 5 and y = 20

Substituting the values in the expression, we get that:

5 = 20 k

k = 5 / 20

k = 1 / 4

So, we get the relation as:

x = 1 / 4 y

4 x = y

Therefore, the relationship between x and y when x varies directly is 4 x = y.

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help is appreciated!!!! NEED HELP ASAP.

Answers

Answer: wouldn't that be 10 feet and 8 feet?

Step-by-step explanation:

because they both are the same size on both sides

and i have no clue if that helped

Answer:

Area of two rooms is 357 square feet

Length of the baseboards = 89.5 ft

Step-by-step explanation:

Area and perimeter of rectangular room:

Area of the room = length * width

Area of the two rooms = area of bigger room + area of smaller room

                                       = 19 * 15 + 8 * 9

                                        = 285 + 72

                                        = 357 square feet

To find the length of the baseboard, we need to subtract the width of the opening (5 feet) and width of the entry (2 1/2 feet) from the perimeter of the bigger room and subtract the width of the opening (5 feet) from the perimeter of the smaller room.

Bigger room:

length = 19 ft

Width = 15 ft

Width of the entry =  2 1/2 ft = 2.5 ft

Width of the opening between two rooms = 5 ft

Perimeter of bigger room = 2l + 2w - 5 - 2.5

                                          = 2*19 + 2*15 - 7.5

                                          = 38 + 30 - 7.5

                                           = 60.5 ft

Smaller room:

length =  8ft

Width = 9 ft

Width of the opening = 5 ft

Perimeter of the smaller room = 2*8 + 2*9 - 5

                                                   = 16 + 18 - 5

                                                   = 29 ft

Length of the base board = 60.5 + 29

                                           = 89.5 ft

(6x²y − 7) − (3xy² + x²y² − 2)

Answers

Answer:

-x^2y^2+6x^2y-3xy^2-5

Step-by-step explanation:

It kind of depends on what you are planning to do with the following expression. However, if you are looking to simplify the expression, the solution is:

[tex]6x^2y-3xy^2+x^2y^2-9[/tex]

Hope this helps! If not, feel free to comment below and I will see what else I can do to help. If it did help, lmk! Thanks and good luck!

Does 7*10 to fifth power equal 7*100,000?

Answers

Answer is Yes

Step by step

7x 10^5 = 700,000
7 x 100,000 = 700,000

This is a positive power of 10 so you move the decimal point 5 places to the right
7.
Becomes
700,000

And 7 x 100,000
Becomes
700,000

7. An aircraft flies 400 km from a point O on a bearing of 025°
and then 700 km on a bearing of 080° to arrive at B.
a) How far north of O is B?
b) How far east of O is B?

Answers

Answer:

484 km north858 km east

Step-by-step explanation:

You want the distances north and east of the origin that a plane ends up after flying 400 km at a bearing of 25°, then 700 km at 80°.

Coordinate transformation

For some distance r and bearing angle θ, the (north, east) coordinates will be ...

  (north, east) = (r·cos(θ), r·sin(θ))

Application

For the trip at hand, the final coordinates of the plane are ...

a)

Distance north = (400 km)cos(25°) +(700 km)cos(80°)

  = 362.52 km +121.55 km = 484.07 km

B is about 484 km north of O.

b)

Distance east = (400 km)sin(25°) +(700 km)sin(80°)

  = 169.05 km +689.37 km = 858.41 km

B is about 858 km east of O.

__

Additional comment

Rectangular coordinates of a point at distance r from the origin and an angle θ measured CCW from the +x axis are given by ...

  (x, y) = (r·cos(θ), r·sin(θ))

You may notice the similarity to the coordinates described above. That is why we can use a calculator the way we have in the attachment. The imaginary part of the complex number represents the distance east.


A theater charges $8 for main-floor seats and $4 for balcony seats. If all seats are sold, the ticket income is $5200. At one show, 25% of the main-floor seats and 50% of the balcony seats were
income was $1800 How many seats are on the main floor and how many are in the balcony?

Answers

By solving a system of equations we can see that there are 400 main-floor seats and 500 balcony seats.

How many seats are on the main floor and how many are in the balcony?

Let's define the two variables:

x = number of seats on the main-floor.y = number of balcony seats.

We know that if all the seats are sold, then the total income is $5,200, we can write the equation:

x*$8 + y*$4 = $5,200

And if 25% of the main-floor and 50% of the balcony seats are sold, then we get an income of $1800, then we can write:

0.25*x*$8 + 0.5*y*$4 = $1,800

x*$2 + y*$2 = $1,800

So we have a system of equations:

x*$8 + y*$4 = $5,200

x*$2 + y*$2 = $1,800

If we subtract twice the second equation for the first one we get:

(x*$8 + y*$4) - (x*$2 + y*$2) = $5,200 - 2*$1,800

x*$4 = $1,600

x = $1,600/$4 = 400

So there are 400 seats on the main-floor.

Using the first equation we can find:

x*$8 + y*$4 = $5,200

400*$8 + y*$4 = $5,200

$3,200 + y*$4 = $5,200

y*$4 = $5,200 - $3,200 = $2,000

y = $2,000/$4  = 500

So there are 500 balcony seats.

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Graph the compound inequality 6x+2y<12 or x-6y>6

Answers

The graph of the compound inequalities with intersection points

(2.21, -0.63) is given below.

Please see the graph attached.

What is compound inequality?

A compound inequality has two inequality statements joined either by the "or" or “and.”

We have,

6x+2y<12 or x-6y>6

We can graph each inequality.

And we also need to see the intersection between the inequalities.

Let,

6x + 2y = 12____(1)

x - 6y = 6_______(2)

From (1)

x = (12 - 2y ) / 6 put in (2)

(12 - 2y) / 6 - 6y = 6

2 - 1/3y - 6y = 6

2 - 6 = (1/3)y + 6y

-4 = 19y / 3

y = -12 / 19

y = - 0.63 put in (1)

6x + 2 x (-0.63) = 12

6x = 12 + 1.26

x = 13.26 / 6

x = 2.21

The point of intersection on the graph is (2.21, -0.63).

Thus the graph of the compound inequalities with intersection points (2.21, -0.63) is given below.

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solve 3cosx = 2+cosx​

Answers

Answer:

x= 0.

Step-by-step explanation:

1. Write the expression.

[tex]3cosx = 2+cosx[/tex]

2. Divide both sides by 3.

[tex]\frac{3cosx}{3} = \frac{2+cosx}{3} \\\\\frac{3cosx}{3} = \frac{2}{3} +\frac{cosx}{3} \\ \\cosx=\frac{2}{3} +\frac{cosx}{3}[/tex]

3. Subtract [tex]\frac{cosx}{3}[/tex] from both sides.

[tex]\frac{3cosx}{3} = \frac{2+cosx}{3} \\\\\frac{3cosx}{3} = \frac{2}{3} +\frac{cosx}{3} \\ \\cosx-\frac{cosx}{3}=\frac{2}{3} +\frac{cosx}{3}-\frac{cosx}{3}\\ \\\\cosx-\frac{cosx}{3}=\frac{2}{3}[/tex]

4. Simplify the fraction subtraction.

[tex]\frac{3cosx}{3} -\frac{cosx}{3}=\frac{2}{3}\\ \\\frac{3cosx-cosx}{3}=\frac{2}{3}[/tex]

5. Multiply both sides by 3.

[tex]3*\frac{3cosx-cosx}{3}=\frac{2}{3}*3\\ \\3cosx-cosx=\frac{6}{3}\\ \\3cosx-cosx=2[/tex]

6. Solve the subtraction.

[tex]2cosx=2[/tex]

7. Divide both sides by 2.

[tex]\frac{2cosx}{2} =\frac{2}{2} \\ \\cosx=1[/tex]

8. Take [tex]cos^{-1}[/tex] from both sides.

[tex]cos^{-1}(cosx) =cos^{-1}(1)\\ \\x=cos^{-1}(1)\\ \\x=0.[/tex]


After a person gets a 2% raise in salary, the new salary is $11874. What was the original salary?

Answers

Answer:

Original salary was $11641.17

Step-by-step explanation:

Let the initial salary be x.

Set equation and solve for x:

x + 2% of x = 11874x + x*2/100 = 11874x + 0.02x = 118741.02x = 11874x = 11874/1.02x = 11641.17 (rounded to the nearest cent)

Answer:

The original salary is $11641.18.

Step-by-step explanation:

The equation will be,

→ x + (x × 2)/100 = 11874

Now the original salary will be,

→ x + (x × 2)/100 = 11874

→ x + 0.02x = 11874

→ 1.02x = 11874

→ x = 11874/1.02

→ x = 11641.1764706

→ [ x = 11641.18 ]

Hence, original salary is $11641.18.

express 7.065 as a mixed number

Answers

Answer: [tex]7 \frac{13}{200}[/tex]

Step-by-step explanation:

7.065=

[tex]7 \frac{65}{1000}[/tex]=      ==> GCF of 65 and 1000 is 5

[tex]7 \frac{65/5}{1000/5}[/tex]=[tex]7 \frac{13}{200}[/tex]

Question 4 true or false?

Answers

Answer:

True.

Step-by-step explanation:

Solve equation:

1/5 / 2 = 1/10= 0.2 / 2 = 0.1=0.1 = 1/100.1 = 0.1 = 1/10This is true.

Answer: true

0.1=[tex]\frac{1}{10}[/tex]

Step-by-step explanation:

[tex]\frac{1}{5}/2[/tex]

Express  [tex]\frac{1}{5}/2[/tex]

 as a single fraction.

[tex]\frac{1}{5*2}[/tex]

Multiply 5 and 2 to get 10.

[tex]\frac{1}{10}[/tex]

FACTOR

[tex]\frac{1}{2.5}[/tex]     =0.1

PLEASE HELP!!!What is the effect on the graph of
f(x)=∣x∣when the function is changed to g(x)=∣3x∣+1?

A.
The graph is compressed vertically and shifted to the right 1 unit.
B.
The graph is stretched vertically and shifted to the left 1 unit.
C.
The graph is stretched horizontally and shifted up 1 unit.
D.
The graph is compressed horizontally and shifted up 1 unit.

Answers

Answer:

24

23fc

23

45jh4

66

35g

35

56

34

Seventy-seven million people were born between 1946 and 1964. The us census classifies this group of individuals as baby boomers. It is said that today and

Answers

As the generation goes on we are now considered GenZ‘s

3. Write the number: three hundred
seven thousand, fifty-nine and six
tenths
S

Answers

307, 059.6 is how you would write that assuming that the fifty nine and six tenths wasn’t a strange way to write 596

Hey y’all, 10 pm now :( got one more question and then I’ll be gone so pls help

Answers

Answer:

x=27 or x= -8

Step-by-step explanation:

rearrange the terms

convert the expression

simplify the expression

rewrite the equation

solve the equation

formulate new equations

I can't show the full steps since there's no image

Answer:

this is answers

scan and see

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